Wednesday 5 March 2008

Sensex up 202 pts at 16542; Nifty up 57 pts at 4921

Markets ended with substantial gains witnessed choppy session of trade. IT continued to clock low turnover at the back of weak market breadth. Sensex was up 202 pts at 16542. It Swangs nearly 340 pts. Nifty was up 57 pts at 4921 It Swang nearly 90 pts. CNX Midcap Index was down 1.2%, BSE Small cap Index was down 1.6%.

BSE IT Index was up 3.8%. Satyam was up 6.5%, Infosys was up 4.2%, HCL Tech was up 4.2%, Wipro was up 4.1%. BSE FMCG Index was up 2.9%; ITC was up 5.2%, HUL was down 1.4%. BSE Oil & Gas was up 1.6%; ONGC was up 4%, BPCL was up 3.7%, Reliance was up 2.2%, Cairn was down 3.1%. BSE Metals Index was up 1.2%; Hindalco was up 3.8%, Tata Steel was up 2.7%, SAIL was up 1.6%, Sterlite was down 1.8%. BSE Realty Index was down 1.6%; Unitech was down 4.2%. BSE Bank Index was down 1.6%; PNB was up 0.8%, SBI was down 1.4%, HDFC Bank was down 1.4%

Other Index Gainers & Losers:
Other Index Gainers were stocks like Sun Pharma was up 4.9%, Dr Reddys was up 4.5%, Zee Ent was up 4.2%, Maruti was up 3.9%, Tata Comm was up 3.3% Other Index Losers were stocks like Bajaj Auto was down 3.1%, Tata Power was down 3%REL was down 2.9%, Siemens was down 2.6%

Non Index Gainers & Losers :
Asian Elec up 9.5%, Gujarat NRE Coke up 8.9%, Gitanjali Gems up 6.6%, Fin Tech up 6%. Non Index Losers weres stocks like Bank of India was down 7.8%, Bank of Baroda was down 7.3%, Union Bank was down 7.2%, Bank of Rajasthan was down 6.4%, Indianbulls Financials was down 6.4%, Punj Lloyd was down 6.4%, IVR Prime was down 7.3%. NSE Advance Decline is 2:5. Total Turnover was at Rs 51,007 Cr vs Rs 60,929 Cr.

F&O Snapshot
Very low F&O Turnover was at Rs 33,582 Cr. Nifty added 10.5 lakh shares in Open Interest. Short Covering were seen in Nifty Futures. Discount on Nifty Futures narrow to single digit from 30+ levels were seen in intraday trade
Longs position like Hindalco was up 4.5% adding 11.6 lakh shares in Open Interest. SAIL was up 2.5% adding 10.6 lakh shares in Open Interest. Tata Steel was up 3.6% adding 6.3 lakh shares in Open Interest. SRF was up 3.1% adding 10.3 lakh shares in open Interest. Reliance Industries was up 3.2% adding 2 lakh shares in open Interest.

Shorts:
Shorts were seen in stcoks like Unitech was down 4.8% adding 8.9 lakh shares in Open Interest. JP Hydro was down 2.6% adding 7.2 lakh shares in Open Interest, Indian Bank was down 4.9% adding 5.1 lakh shares in Open Interest, Punj Lloyd was down 5.5%a adding 5 lakh shares in Open Interest, Nagarjuna Fert was down 5.5% adding 4.9 lakh shares in Open Interest.

Data to Watch:
ISM Non-Manufacturing Survey for Feb 08 Consenus of 47.5, Factory Orders for Jan 08, Consenus showed degrowth of 2.5%, ADP Employment Report.