Tuesday 26 February 2008

Sensex up 156 pts at 17806; Nifty up 69 pts at 5270

Global cues and railway budget boosted positive sentiment to the market. Market clocked highest turnover of the month for 2nd consecutive day. Sensex ended up 156 pts at 17806, Nifty was up 69 pts at 5270. CNX Midcap Index was up 1.5%, BSE Small cap Index was up 1.3%. All BSE sectoral indices end in green

BSE Realty Index was up 2.5%; Unitech was up 2.3%, BSE Capital Goods Index was up 2.1%; BHEL was up 4.5%, L&T was up 1.2%, Suzlon was up 6%, REL was up 4.8%. BSE IT Index was up 1.8%, HCL Tech was up 4.7%, Infosys was up 3%. BSE Metals Index was up 1.6%; Nalco was up 7.3%, Sterlite was up 3.9%, SAIL was up 3%. BSE Oil & Gas Index was up 1.4%; Cairn was up 6%, BPCL was up 5.1, HPCL was up 4.8%, IOCL was up 4.6%.

Railway Budget Effect:
Gateway Dist was up 6%, Zicom was up 5%, Bartronics was up 9%, Nitin Fire was up 6.2%, HPCL was up 4.8%, BPCL was up 6.1%, IOCL was up 4.7%, Jindal Stainless was up 7%, SAIL was up 3%, MIC Electronics was up 7.1%.

Other Index Gainers:
Grasim up 4.8%, Tata Comm up 3.9%, HDFC Bank up 2.3%, GSK Pharma up 2.3%

Non Index Gainers:
Indianbulls Real up 10.6%, Navneet Publications up 9.2%, Nagarjuna Cons up 7.5%, Shree Renuka up 7.5%, GTC Ind up 7.2%, DCB up 7.1%, Lanco Infra up 6.6%. Non Index Losers were stocks like Bank of Maharashtra was down 6.9%, Shriram EPC was down 5.2%, Jyoti Structures was down 4.2%, Dhampur Sugar was down 3.9%, Bang Overseas was down 3.9%, Deccan Chron was down 3.5%. NSE Advance Decline is 5:2. Total Turnover at Rs 72,389 Cr Vs Rs 68,651 Cr on Friday.

FNO Snapshot
Nifty rollover at 46%; Marketwide rollover at 45%. Rollover and turnover pick up on the back of stable trade. Select Large Caps see Short Rollovers
Textiles, cement stocks continue to see the strongest rollovers. Energy, Pharma stocks see rollovers pick up. Nifty March ended day at a 38 point discount.

Star Stocks:
Jindal Stainless was up 7.2% added 9.24 lakh shares Rollover at 73%, DCB was up 6.4% adding 4.22 lakh shares Rollover at 28.24%, Lanco Infra was up 5.8% adding 1.02 lakh shares Rollover at 40.5%, Cairn was up 5.7% adding 16.78 lakh shares Rollover at 54%, Suzlon Energy was up 5.7% adding 34.66 lakh shares Rollover at 56%.

Top Rollovers
S Kumars 85%, Bharat Forge 82% , Sun Pharma 81%, Ultratech Cem 79%, Hindalco 79%, Aban Offshore 79%, GTL 75%.

Fresh Long/Long Rollovers:
Fresh Long/Long Rollovers wass een in stocks like Misc Cairn, Bharat Forge, Balrampur Chini, Chennai Petro, MTNL, Aurobindo Pharma, Edelweiss
In Cement stocks like India Cem, Ultratech Cem, ACC did see long position
Textiles stocks like S Kumars, Century Textiles did see long position
Short Rollover was seen in stocks like ONGC, Tata Power, Unitech, Siemens, HCL Tech, BHEL, Wipro, HUL.

Market Snapshot
Asian stocks gain after S&P affirmed AAA credit rating of MBIA and Ambac, Hang Seng was up 2%, Shanghai was up 1%, Straits Times was up 0.4%, Taiwan was up 0.26%, Nikkei, Thailand was down over 0.5%, Hang Seng property stocks lead on speculation that govt may waive property taxes after record budget surplus.

European stock
Unexpectedly gain in German Business Confidence for 2nd month. Standard Chartered's profit beat analysts' estimates; FY pretax up 27%.

Taiwan Flows
In Taiwan FIIs net buy equities worth $ 619.5 Million in today’s trade (Prov), FIIs have bought equities worth $ 1.15 billion in last 2 days, Reports that the govt to reduce corporate income tax rate to 17.5% from 25%.

Data To Watch
Federal Reserve Governor Donald Kohn (FOMC voting member) speaks on "U.S, Economy and Monetary Policy", U.S. Producer Price Index, U.S. Consumer Confidence Data.