Markets ends flat amid choppy sessions for 2nd day running. Sensex was up 12 pts at 19092, it swung 511 pts during the day, off about 300 pts from days high. Nifty was up 9 pts at 5751, it swung 165 pts during the day, off about 80 pts from days high. CNX Midcap Index was down 0.2% while BSE Smallcap Index was up 0.8%.
Markets ends flat amid choppy sessions for 2nd dat running. Sensex was up 12 points at 19092, it swung 511 points during the day, off about 300 points from days high. Nifty was up 9 points at 5751, it swung 165 points during the day, off about 80 points from days high. CNX Midcap Index was down 0.2% while BSE Smallcap Index was up 0.8%. VSNL was the stock of the day, it was up 18%, saw 8 times 10 day average volume. From day’s high, ACC loses 7.2%, M&M loses 5.5%, ABB, Sterlite & GAIL loses 5% each. Index gainers were REL, up 4.2%, Nalco, up 3.2%, ONGC, up 2.6% and Suzlon, up 2.5%. Index losers were GAIL, down 3.6%, ACC, down 3.4%, ABB, down 2.8% and Dr Reddy's Labs, down 2.7%. Jyothy Labs closes at Rs 794 Vs listing price of Rs 895; (issue price at Rs 690). Midcap gainers were Time Technoplast, up 20%, Ispat, up 5.2%, Adlabs, up 8.5%, Bajaj Hindustan, up 9.5%, Balrampur Chini, up 11.5% and WWIL, up 13%. Non-Index losers were Geodesic, down 12.8%, HCL Info, down 10.8%, Jain Irrigation, down 10.5% and Deccan Aviation, down 6.4%. Advance-Decline ratio was at 3:2. Total market turnover was at Rs 1.05 lakh crore vs Rs 1.02 lakh crore yesterday. Total F&O turnover was at Rs 79,137 crore vs Rs 74,579 crore yesterday.
FNO Snapshot:
Nifty future ends at 44 points premium Vs 50 points premium yesterday. Nifty futures added 18.3 lakh shares in OI and rollover was at 25%. Rollover starts picking up in todays trade; metal stocks saw good rollover. Sugar stocks saw huge short covering and long positions. Dec 5800,5900 call option added 2.1 lakh shares in OI; 6000 call added 1.25 lakh shares in OI
Dec 5800 put option sheds 1.5 lakh shares in OI; 5700 put added 58500 shares in OI.
Stock Specific:
VSNL up 17.5%; added 3.33 lakh shares in OI
WWIL up 14.2%; added 17.9 lakh shares in OI
Deccan Aviation down 7.5%; shed 7 lakh shares in OI
Adlabs up 11.3%; added 1 lakh shares in OI
Alok Industries up 11%; cut 9 lakh shares in OI
Fresh longs/ Long Rollovers were seen in:
Sugar: Balrampur Chini, Bajaj Hindustan, Shree Renuka Sugars
Misc: REL, VSNL, WWIL, Adlabs, Jaiprakash Associates, Lupin , Ispat, Nalco, India Cement, GMR Infra, Peninsula Land
Auto: Ashok Leyland, TVS Motor
Long unwinding was seen in:
Misc: Deccan Aviation, Aptech, RNRL, NIIT Tech
Buzzers:
Sugar Stocks: Allahabad HC asks UP govt to scrap SAP for cane this year, reports NW18. Allahabad HC asks UP mills to pay Rs 81.18/q for cane this year.
Subhash Projects: Bags 2 orders worth Rs 138 crore. Hits 52-week high; vol 7x 10-day average.
WWIL: Adds 10 lakh shares in total open interest. Company looking at capex of about Rs 800 crore.
Suven Life Sciences: Volumes 5x 10-day avg; stock up over 40% in 3 days. Sees $ 10-15 million rev from collaborative research. To raise $ 50 million in 2 lots, to finalise 1st by March.
Time Technoplast: Hits new 52-week high. IL&FS Investsmart says cos PAT to grow at CAGR of 46% through FY07-09E.
VSNL: Announces construction of $ 250 million express TGN Eurasia cable system.
Jyothy Labs: FY09 revenues seen at Rs 600 crore. Has 73% market share in value terms.
Tourism Finance: At upper circuit; board meet today for QIP issue.
RCF: At upper circuit, hits new 52-week high. Reports say to develop 800 acres land in & around Mumbai.
Mudra Lifestyle: Board meet today on pref issue to promoters; FCCB / GDR / QIP issue.
JB Chem: Ashish Dhawan increases stake from 1.05% to 4.25%. Bought 27.22 (3.2%) stake @ Rs 72/share.
Shasun Chemicals: Karvy initiates coverage with target price of Rs 115.
Deccan Aviation: Off nearly 7.5% from day's high. Board not to mull Kingfisher merger today.
Alok Industries: Recently got approval for 183-acre textile SEZ at Silvassa. Looking to raise Rs 600 crore by offloading 20% stake in Alok Infra.
Global markets today:
Most Asian stocks rose, after ECB added $ 500 billion to the financial system. Korea's exchange was closed today for the country's presidential election. Nikkei was down 1.2% after govt cut its growth forecast for the economy. Shanghai Index was up 2.2%. Fresh liquidity came in Shanghai market. Liquidity due to unsuccessful applicants for China Pacific Insurance (Group) IPO shares received their refunds. Taiwan Index was closed up 2.65%. Reduction in the amount of margin loans outstanding persuaded investors to buy for the short-term. In Taiwan, FIIs net buy equities worth $ 11.5 million in today’s trade (Prov). FIIs have sold $ 370 million in last 3 trading sessions.
