Wednesday 12 March, 2008

Sensex up 4 pts at 16128; Nifty up 6 pts at 4872

Market did sees opening gains fizzle by the end of trade due to weak IIP numbers. Sensex was up 4 pts at 16128. It Lost 556 pts from days highs. Nifty was up 6 pts at 4872. It Lost 147 pts from days highs.

CNX Midcap Index was down 1.5%, BSE Small cap Index was down 0.3%. BSE Realty Index was up 1.2%, Unitech was up 4.1%, DLF was down 4.9%, BSE Bank Index was up 0.8%; HDFC Bank was up 2.8%, ICICI Bank was up 2.8%, SBI was down 4.6%, PNB was down 2.4%. BSE Oil & Gas Index was up 0.8%; Cairn was up 7%, ONGC was up 2%, Reliance was up 1.1%, BPCL was down 3.8%. BSE Metals Index down was 2.4%, Nalco was up 3.6%, SAIL was down 6.5%, Tata Steel was down 6.2%, Hindalco was down 5.6%. BSE IT Index was down 2.2%; Satyam was down 4.2%, Infosys was down 2.9%. BSE FMCG was down 1.1%, HUL was down 1.1%, ITC was down 0.9%. Other Index Gainers were stocks like Tata Com was up 5.4%, Cipla was up 4.8%, Grasim was up 3.6%, REL was up 3.4%, Bharti was up 3.1%.Other Index Losers were stocks like Zee Ent was down 3%, RCom was down 2.1%

Non Index Gainers and Loser
Non Index Gainers were stocks like Puravankara was up 15.5%, Indiabulls Real was up 7.7%, Chambal Fert was up 7.7%, Educomp was up 6%, Bank of India was up 5%, HDIL was up 4.3% Non Index Losers were stocks like RCF was down 8.9%, India Infoline was down 6.5%, Polaris was down 6.2%, Aptech was down 6%, Praj Ind was down 4.8%. REC lists at Rs 126 vs Issue price of Rs 105; Closed at Rs 121.3. NSE Advance Decline stood at 5:6. Total Turnover was at Rs 67,412 Cr vs Rs 61,180 Cr

F&O SNAPSHOT
Profit booking/Unwinding was seen from in Large Cap, mid cap stocks where OI buildup seen over last few days. Nifty Mar Futures witnesses high level of intraday trading activity. It did see Fresh shorts at 5000 level. Nifty March futures ended at a 10 point discount. NSE F&O Turnover at 44632 cr vs 38176 cr. Ferilizer, Select Oil & Gas did see long buildup

Long Unwinding:
Long Unwinding was seen in stock like Ispat Ind was down 7.4%. It shed 25.31 lakh shares. Balrampur Chini was down 4%. It Sheded 5.54 lakh shares,CBI was down 1.6%; Sheds 3.96 lakh shares, India Cem was down 3.7%. It Sheded 2.45 lakhs shares. Arvind Mills was down 4%. It Sheded 2.15 lakh shares. Hindalco was down 7%. It Sheded 2.63 lakh shares

Fresh Longs:
Fresh Longs were seen i n stcoks like Cairn India was up 5.8%. It added 10.7 lakh shares. ONGC was up 2%. It Added 1.81 lakh shares Nagarjuna Fert was up Chambal Fert was Up 5.8%. It Added 10.7 lakh shares

Fresh Shorts:
Fresh Short SAIL, SBI, Satyam Comp, Tata Steel, RComm, DLF, MTNL

Short Covering:
Short Covering BOI, Punj Lloyd, Cipla, Bharti Airtel