Mkts witnessed volatile session of trade and it outperformed the Asian mkts. Sensex & Nifty hit lifetime highs and make highest closing ever. Sensex was up 165 pts at 20465, it gains 388 pts from days low while Nifty was up 35 pts at 6179, gains 119 pts from days low. CNX Midcap Index was up 2.1% while BSE Small-cap Index was up 1.4%.
Markets witnessed volatile session of trade and it outperformed the Asian markets. Sensex and Nifty hit lifetime highs and make highest closing ever. Sensex was up 165 points at 20465, it gains 388 points from days low while Nifty was up 35 points at 6179, gains 119 points from days low. CNX Midcap Index was up 2.1% while BSE Small-cap Index was up 1.4%. CNX Midcap, BSE Smallcap, BSE Bank, BSE Realty, BSE FMCG, BSE Oil & Gas hit lifetime highs.
BSE Bank Index was up 3.2%, in which PNB was up 6%, HDFC was up 4.7%, ICICI Bank was up 3.1% and SBI was up 1.7%. BSE Realty Index was up 2.9%, in which Unitech was up 6.1%. BSE FMCG was up 0.9%, in which ITC was up 1.6%. NSE Advance Decline ratio stood at 5:2. Total market turnover was at Rs 1.08 lakh crore.
Other Index gainers were Tata Motors, up 4.1%, REL, up 3.8%, Cipla, up 3.7%, Nalco, up 3.5%. Other Index losers were HCL Tech, down 2.4%, GAIL, down 2%, Cairn, down 1.9%, VSNL, down 1.9%. Non-Index gainers were Indiabulls Finance, up 20%, Atlanta, up 20%, Bombay Dyeing, up 19%, Religare, up 12.1%, Venky’s, up 17%, Hindustan Motors, up 11%.
Banking stocks buzz: UCO Bank was up 16.3%, Canara Bank was up 14.7%, ING Vysya Bank wa
s up 11%, City Union Bank was up 10%, Karur Vysya Bank was up 9.8%.
FNO Snapshot:
Turnover picks up after 3 lackluster trading sessions. Volatile day of trade, Nifty IVs pick up. Mid Cap Banks continue long buldup; strongest sector of the day. 11 of top 30 F&O stocks were banking stocks. Long buildup seen in many midcaps with rising CoC. Stock futures add 5 crore shares in OI (prov). Nifty fluctuates between premium and discount. Much Higher turnover than last few days. Adds 23 lakh shares in OI. Nifty Mini sees volumes pick up; adds 60 thousand shares. Nifty Mini turnover was at Rs 192 crores vs Rs 65 crores. F&O turnover was at Rs 74186 crore vs Rs 49163 crore yesterday.
Star Performers were:
Bombay Rayon: Up 20%; 3 lakh shares added (21% OI buildup)
Canara Bank: Up 15%; 4 lakh shares added
HCC: Up 10%; added 8.9 lakh shares
Great Offshore: Up 8%; added 78000 shares
Kotak Mahindra Bank: Up 8%; added 2.34 lakh shares
RNRL: Up 7.8%; added 98.8 lakh shares
High Turnover:
RNRL: Rs 6376 crore
REL: Rs 3911 crore
RIL: Rs 1758 crore
Jindal Steel: Rs 1395 crore
Reliance Capital: Rs 1367 crore
Fresh longs were seen in:
Banks: Kotak Mahindra Bank, PNB, Canara Bank, Union Bank, Andhra Bank, OBC
Misc: HCC, Great Offshore, Matrix Labs, HTMT Global, United Phos, ITC,
Jaiprakash Assoc, Edelweiss, Escorts
Fertilizer: Chambal Fertilizers, Nagarjuna Fertilizers
Large Caps: ONGC, Reliance, RPL, NTPC
Realty: Unitech, HDIL
Fresh Shorts were seen in:
Ispat Industries, IVR Prime, HCL Tech, Ansal Properties, Cairn ,IFCI, Neyveli Lignite
Short Covering was seen in:
REL, Essar Oil, Vijaya Bank
Long Unwinding was seen in:
Arvind Mills, MRPL, HOEC, Balrampur Chini, Parsvanath, Indian Hotels, Voltas
Buzzing Stocks:
Batliboi: At upper circuit, volumes 13x 10-day average, still off 52-week high of Rs 193. Bombay HC last week approved amalgamation of Batliboi SPM with company.
IndiaBulls Finance: Reports say acquires 10% in gaming co High Street Cruise & Entertainment. At upper circuit after falling 27% yesterday on going ex-securities business. Demerged securities biz co likely to be listed by end of the month. Has tied up with Societe Generale for life insurance joint venture.
Atlanta: Volumes 6x 10-day average; way off 52-week high of Rs 1450 hit in Jan 07.
Venky's: Hits new 52-week high, volumes thin but over 11x 10-day average. ICICI Direct says co to capitalize on export opportunities & Indian retail story. ICICI Direct sees cos domestic revenues growing at CAGR of 15-20%.
UCO Bank: Hits new 52-week high, volumes over 10x 10-day average. Awaiting govt approval for capital restructuring plan. May raise at least Rs 450 cr via follow on public offering. In informal talks with govt to merge a bank with itself by FY09.
Bombay Dyeing: Hits new 52-week high, volumes 10x 10-day average. Textile unit at Ranjangaon began partial commercial prodn from Jan 1.
Indoco Remedies: Religare has Buy rating on stock with price target of Rs 383. Religare says revenues from semi-regulated mkts to see CAGR of 35%.
Allied Digital: Looking at 2 acquisitions worth Rs 60-80 crore in local & overseas markets. Announcement on acquisitions expected in first week of January.
Tourism Finance: Board meet on Jan 10 to consider preferential / QIP issue.
Gujarat Ambuja Exports: Bags order worth Rs 200 cr to export groundnut oil to Europe.
Bhagyanagar India: Board approves issue of 55 lakh warrants on pref basis at Rs 90.
MTNL: To announce dvpt plans for Mumbai property in a month, Likely to invite EOIs next month for land development, said the sources.
Corporation Bank: To mull capital raising plans in FY09. Plans to open 100 branches in 2008, reports NW18.
Global markets today:
Asian stocks fell on average 2%. Kospi down 2.3%, Taiwan down 2.15%, Thailand down 1.5%. Markets in Japan and New Zealand were closed for a holiday. News that some of the Asian markets are slowing led to pressure in Asian region. Singapore's GDP grew 7.5% in 2007, slower than the 7.9%-8.2% forecast by economists. South Korea posted its 1st trade deficit in more than 4 years. In Taiwan, FIIs net sell equities worth $ 232.4 million in today’s trade (Prov). Remember, FIIs have bought $ 2.06 billion in 2007.
Markets witnessed volatile session of trade and it outperformed the Asian markets. Sensex and Nifty hit lifetime highs and make highest closing ever. Sensex was up 165 points at 20465, it gains 388 points from days low while Nifty was up 35 points at 6179, gains 119 points from days low. CNX Midcap Index was up 2.1% while BSE Small-cap Index was up 1.4%. CNX Midcap, BSE Smallcap, BSE Bank, BSE Realty, BSE FMCG, BSE Oil & Gas hit lifetime highs.
BSE Bank Index was up 3.2%, in which PNB was up 6%, HDFC was up 4.7%, ICICI Bank was up 3.1% and SBI was up 1.7%. BSE Realty Index was up 2.9%, in which Unitech was up 6.1%. BSE FMCG was up 0.9%, in which ITC was up 1.6%. NSE Advance Decline ratio stood at 5:2. Total market turnover was at Rs 1.08 lakh crore.
Other Index gainers were Tata Motors, up 4.1%, REL, up 3.8%, Cipla, up 3.7%, Nalco, up 3.5%. Other Index losers were HCL Tech, down 2.4%, GAIL, down 2%, Cairn, down 1.9%, VSNL, down 1.9%. Non-Index gainers were Indiabulls Finance, up 20%, Atlanta, up 20%, Bombay Dyeing, up 19%, Religare, up 12.1%, Venky’s, up 17%, Hindustan Motors, up 11%.
Banking stocks buzz: UCO Bank was up 16.3%, Canara Bank was up 14.7%, ING Vysya Bank wa
s up 11%, City Union Bank was up 10%, Karur Vysya Bank was up 9.8%.FNO Snapshot:
Turnover picks up after 3 lackluster trading sessions. Volatile day of trade, Nifty IVs pick up. Mid Cap Banks continue long buldup; strongest sector of the day. 11 of top 30 F&O stocks were banking stocks. Long buildup seen in many midcaps with rising CoC. Stock futures add 5 crore shares in OI (prov). Nifty fluctuates between premium and discount. Much Higher turnover than last few days. Adds 23 lakh shares in OI. Nifty Mini sees volumes pick up; adds 60 thousand shares. Nifty Mini turnover was at Rs 192 crores vs Rs 65 crores. F&O turnover was at Rs 74186 crore vs Rs 49163 crore yesterday.
Star Performers were:
Bombay Rayon: Up 20%; 3 lakh shares added (21% OI buildup)
Canara Bank: Up 15%; 4 lakh shares added
HCC: Up 10%; added 8.9 lakh shares
Great Offshore: Up 8%; added 78000 shares
Kotak Mahindra Bank: Up 8%; added 2.34 lakh shares
RNRL: Up 7.8%; added 98.8 lakh shares
High Turnover:
RNRL: Rs 6376 crore
REL: Rs 3911 crore
RIL: Rs 1758 crore
Jindal Steel: Rs 1395 crore
Reliance Capital: Rs 1367 crore
Fresh longs were seen in:
Banks: Kotak Mahindra Bank, PNB, Canara Bank, Union Bank, Andhra Bank, OBC
Misc: HCC, Great Offshore, Matrix Labs, HTMT Global, United Phos, ITC,
Jaiprakash Assoc, Edelweiss, Escorts
Fertilizer: Chambal Fertilizers, Nagarjuna Fertilizers
Large Caps: ONGC, Reliance, RPL, NTPC
Realty: Unitech, HDIL
Fresh Shorts were seen in:
Ispat Industries, IVR Prime, HCL Tech, Ansal Properties, Cairn ,IFCI, Neyveli Lignite
Short Covering was seen in:
REL, Essar Oil, Vijaya Bank
Long Unwinding was seen in:
Arvind Mills, MRPL, HOEC, Balrampur Chini, Parsvanath, Indian Hotels, Voltas
Buzzing Stocks:
Batliboi: At upper circuit, volumes 13x 10-day average, still off 52-week high of Rs 193. Bombay HC last week approved amalgamation of Batliboi SPM with company.
IndiaBulls Finance: Reports say acquires 10% in gaming co High Street Cruise & Entertainment. At upper circuit after falling 27% yesterday on going ex-securities business. Demerged securities biz co likely to be listed by end of the month. Has tied up with Societe Generale for life insurance joint venture.
Atlanta: Volumes 6x 10-day average; way off 52-week high of Rs 1450 hit in Jan 07.
Venky's: Hits new 52-week high, volumes thin but over 11x 10-day average. ICICI Direct says co to capitalize on export opportunities & Indian retail story. ICICI Direct sees cos domestic revenues growing at CAGR of 15-20%.
UCO Bank: Hits new 52-week high, volumes over 10x 10-day average. Awaiting govt approval for capital restructuring plan. May raise at least Rs 450 cr via follow on public offering. In informal talks with govt to merge a bank with itself by FY09.
Bombay Dyeing: Hits new 52-week high, volumes 10x 10-day average. Textile unit at Ranjangaon began partial commercial prodn from Jan 1.
Indoco Remedies: Religare has Buy rating on stock with price target of Rs 383. Religare says revenues from semi-regulated mkts to see CAGR of 35%.
Allied Digital: Looking at 2 acquisitions worth Rs 60-80 crore in local & overseas markets. Announcement on acquisitions expected in first week of January.
Tourism Finance: Board meet on Jan 10 to consider preferential / QIP issue.
Gujarat Ambuja Exports: Bags order worth Rs 200 cr to export groundnut oil to Europe.
Bhagyanagar India: Board approves issue of 55 lakh warrants on pref basis at Rs 90.
MTNL: To announce dvpt plans for Mumbai property in a month, Likely to invite EOIs next month for land development, said the sources.
Corporation Bank: To mull capital raising plans in FY09. Plans to open 100 branches in 2008, reports NW18.
Global markets today:
Asian stocks fell on average 2%. Kospi down 2.3%, Taiwan down 2.15%, Thailand down 1.5%. Markets in Japan and New Zealand were closed for a holiday. News that some of the Asian markets are slowing led to pressure in Asian region. Singapore's GDP grew 7.5% in 2007, slower than the 7.9%-8.2% forecast by economists. South Korea posted its 1st trade deficit in more than 4 years. In Taiwan, FIIs net sell equities worth $ 232.4 million in today’s trade (Prov). Remember, FIIs have bought $ 2.06 billion in 2007.
