Benchmark Indices trade strong in a narrow band, in line with Asian peers. Midcap & Smallcap stocks saw strong buying interest. Sensex was up 209 pts at 19738 while Nifty was up 82 pts at 5940. CNX Midcap Index was up 1.9% while BSE Small cap Index was up 2.9%. All sectoral indices ended in green barring BSE IT Index.
Benchmark Indices trade strong in a narrow band, in line with Asian peers. Midcap & Smallcap stocks saw strong buying interest. Sensex was up 209 points at 19738 while Nifty was up 82 points at 5940. CNX Midcap Index was up 1.9% while BSE Small cap Index was up 2.9%. All sectoral indices ended in green barring BSE IT Index. BSE Oil & Gas Index was up 2.3%, in which GAIL was up 9.5%, HPCL was up 6.4% and ONGC was up 4.2%. BSE Bank Index was up 2.1%, in which SBI was up 3% and ICICI Bank was up 2.1%. BSE Realty Index was up 1.9%, in which Unitech was up 1.6%. BSE Capgoods Index was up 1.1%, in which NTPC was up 2.5%. Metal Stocks buzzed, major stocks were Visa Steel, up 20%, Kamdhenu Ispat, up 10.5% and Uttam Galva, up 10%. Essar Steel was up 5.8%. The stock moved up 23% above delisting price of Rs 48; it will delist tomorrow. Media Stocks buzzed in which, Broadcast Initiatives was up 20%, Zee News was up 15% and Network18 was up 12%. Non Index gainers were Ispat, up 25%, Kajaria Ceremics, FDC, up 20% each, Hind Motors, up 17%, Zee News, up 15%. Non Index losers were TVS Electronics, down 8%, Educomp, down 5%, Electrocast, down 4.6% and Godrej Cons, down 4.5%. Advance-Decline ratio was at 4:1 vs 2:1 yesterday. Total market turnover was at Rs 87,830 crore vs Rs 85,185 crore.
FNO Snapshot:
Nifty futures premium was at 38 points, in which fresh longs were seen. Nifty futures added 22 lakh shares in OI (prov). 5900 put added 4.15 lakh shares. 5900 call added 1.83 lakh shares and 6000 call added 1.53 lakh shares.
Stock specific action continues:
New F&O Entrants saw a huge OI buildup. Mid Cap banks saw fresh longs buildup, which was the strongest sector of the day.
Star Performers:
Ispat: Up 23%; added 1.43 cr shares in OI; Strong CoC seen
SRF: Up 13%; added 12.66 lakh shares
WWIL: Up 14%; added 22.4 lakh shares;Strong CoC seen
Network 18: Up 13%; added 3.78 lakh shares
Syndicate Bank: Up 11%; added 8.7 lakh shares
IndusInd Bank: Up 10%; added 11.2 lakh shares; Stong CoC seen
Escorts: Up 8.4 cr shares; added 8.4 lakh shares
Huge OI buildup:
Ispat: added 1.43 cr shares; 37% OI buildup from yesterday
TTML: added 1.4 cr shares : 12% OI buildup from yesterday
Power Grid: added 56 lakh shares ; 7% OI buildup from yesterday
RNRL: added 50 lakh shares; 5% OI builudp
NTPC: added 39 lakh shares; 8% OI buildup
Fresh longs:
Bank: SBI, Syndicate Bank, IndusInd Bank, DCB, Vijaya Bank, Dena Bank
Misc: Divi’s Labs, Neyveli Lignite, Great Offshore, PFC, Hotel Leela, IDBI
New Entrants: Ispat, DCB, WWIL, HOEC, DCB
Long unwinding:
Momentum Stocks: Arvind Mills, Ashok Leyland
Fertilizer: Chambal Fertilizers, Nagarjuna Fertilizers
Misc: Bongaigaon Refineries, REL
Buzzing stock:
WWIL: Stock was up over 80% since news of inclusion in F&O last week. Hopes to earn Rs 100 crore from carriage & placement charges by FY09.
Shree Digvijay Cement: Stock subdued despite news of comapny coming out of purview of BIFR. Grasim sells 53.6% in co to Portugal's Cimpor at Rs 42.50/sh.
JBF Industries: Stock was at upper circuit, hits 52-week high, volumes 13x 10-day average. ICICI Direct recently initiated coverage with Buy rating, target Rs 200.
Accel Frontline: Stock was at upper circuit on news British Telecom buys Frontline Tech for $ 202 million. Frontline Tech holds 42% equity in company; may pick up additional 9% stake.
Apar Industries: Ties up with Italian company for distribution of lubricants in India.
Radico Khaitan: Stock price comes off earlier highs but volumes over 26x 10-day average. Reliance Cap Trustee bought 3.9% stake yesterday at Rs 150/sh. Vontobel Funds bought 3.5% stake yesterday at Rs 150/sh.
IVP: Stock was at upper circuit for 6th consecutive day; volumes over 3x 10-day average.
Empee Distilleries: Audited result for year ended Sep today; had fallen from IPO price of 400.
Benchmark Indices trade strong in a narrow band, in line with Asian peers. Midcap & Smallcap stocks saw strong buying interest. Sensex was up 209 points at 19738 while Nifty was up 82 points at 5940. CNX Midcap Index was up 1.9% while BSE Small cap Index was up 2.9%. All sectoral indices ended in green barring BSE IT Index. BSE Oil & Gas Index was up 2.3%, in which GAIL was up 9.5%, HPCL was up 6.4% and ONGC was up 4.2%. BSE Bank Index was up 2.1%, in which SBI was up 3% and ICICI Bank was up 2.1%. BSE Realty Index was up 1.9%, in which Unitech was up 1.6%. BSE Capgoods Index was up 1.1%, in which NTPC was up 2.5%. Metal Stocks buzzed, major stocks were Visa Steel, up 20%, Kamdhenu Ispat, up 10.5% and Uttam Galva, up 10%. Essar Steel was up 5.8%. The stock moved up 23% above delisting price of Rs 48; it will delist tomorrow. Media Stocks buzzed in which, Broadcast Initiatives was up 20%, Zee News was up 15% and Network18 was up 12%. Non Index gainers were Ispat, up 25%, Kajaria Ceremics, FDC, up 20% each, Hind Motors, up 17%, Zee News, up 15%. Non Index losers were TVS Electronics, down 8%, Educomp, down 5%, Electrocast, down 4.6% and Godrej Cons, down 4.5%. Advance-Decline ratio was at 4:1 vs 2:1 yesterday. Total market turnover was at Rs 87,830 crore vs Rs 85,185 crore.
FNO Snapshot:
Nifty futures premium was at 38 points, in which fresh longs were seen. Nifty futures added 22 lakh shares in OI (prov). 5900 put added 4.15 lakh shares. 5900 call added 1.83 lakh shares and 6000 call added 1.53 lakh shares.
Stock specific action continues:
New F&O Entrants saw a huge OI buildup. Mid Cap banks saw fresh longs buildup, which was the strongest sector of the day.
Star Performers:
Ispat: Up 23%; added 1.43 cr shares in OI; Strong CoC seen
SRF: Up 13%; added 12.66 lakh shares
WWIL: Up 14%; added 22.4 lakh shares;Strong CoC seen
Network 18: Up 13%; added 3.78 lakh shares
Syndicate Bank: Up 11%; added 8.7 lakh shares
IndusInd Bank: Up 10%; added 11.2 lakh shares; Stong CoC seen
Escorts: Up 8.4 cr shares; added 8.4 lakh shares
Huge OI buildup:
Ispat: added 1.43 cr shares; 37% OI buildup from yesterday
TTML: added 1.4 cr shares : 12% OI buildup from yesterday
Power Grid: added 56 lakh shares ; 7% OI buildup from yesterday
RNRL: added 50 lakh shares; 5% OI builudp
NTPC: added 39 lakh shares; 8% OI buildup
Fresh longs:
Bank: SBI, Syndicate Bank, IndusInd Bank, DCB, Vijaya Bank, Dena Bank
Misc: Divi’s Labs, Neyveli Lignite, Great Offshore, PFC, Hotel Leela, IDBI
New Entrants: Ispat, DCB, WWIL, HOEC, DCB
Long unwinding:
Momentum Stocks: Arvind Mills, Ashok Leyland
Fertilizer: Chambal Fertilizers, Nagarjuna Fertilizers
Misc: Bongaigaon Refineries, REL
Buzzing stock:
WWIL: Stock was up over 80% since news of inclusion in F&O last week. Hopes to earn Rs 100 crore from carriage & placement charges by FY09.
Shree Digvijay Cement: Stock subdued despite news of comapny coming out of purview of BIFR. Grasim sells 53.6% in co to Portugal's Cimpor at Rs 42.50/sh.
JBF Industries: Stock was at upper circuit, hits 52-week high, volumes 13x 10-day average. ICICI Direct recently initiated coverage with Buy rating, target Rs 200.
Accel Frontline: Stock was at upper circuit on news British Telecom buys Frontline Tech for $ 202 million. Frontline Tech holds 42% equity in company; may pick up additional 9% stake.
Apar Industries: Ties up with Italian company for distribution of lubricants in India.
Radico Khaitan: Stock price comes off earlier highs but volumes over 26x 10-day average. Reliance Cap Trustee bought 3.9% stake yesterday at Rs 150/sh. Vontobel Funds bought 3.5% stake yesterday at Rs 150/sh.
IVP: Stock was at upper circuit for 6th consecutive day; volumes over 3x 10-day average.
Empee Distilleries: Audited result for year ended Sep today; had fallen from IPO price of 400.
