Stocks snap losing streak; Sensex gains 296 points

Sensex gains 296 points
Closing Bell: Stocks snap losing streak; Sensex gains 296 points

Equities staged a smart recovery Wednesday backed by positive global cues and as traders bought stocks at lower levels and covered short positions. Mirroring the trend in East Asian markets, key indices gained over 2 per cent at the high of the day, with shares of banks and capital goods leading the advance. The rally appeared to be losing momentum mid way, till heavy covering in the real estate sector saw the market close significantly higher.

“This was a pull-back rally fueled by short covering. The market had been steadily falling for the past couple of sessions and made a new low yesterday. But its looks like the Nifty will hold around 4500 level. The broad range I’m looking at is 4475-4650,” said Hitesh Sheth, head of technical research at Prabhudas Lilladher. National Stock Exchange's Nifty closed at 4523.60, up 74 points or 1.66 per cent from Tuesday. The index touched a high of 4541.05 and low of 4468.05 intraday. Bombay Stock Exchange's Sensex closed at 15,185.32, up 296 points or 1.99 per cent. The index touched a high of 15,225.81 and low of 15,009.48 during the day.

Biggest Sensex gainers were BHEL (up 7.19%), Ambuja Cements (7.17%), DLF (6.53%), HDFC Bank (4.74%), HDFC (4.1%), Bharti Airtel (3.78%) and ACC (3.09%). Index losers comprised Tata Motors (down 1.42%), Reliance Communications (1.41%), Grasim Industries (1.13%), ITC (1.09%), Maruti Suzuki (1.07%), Hindustan Unilever (0.79%) and Wipro (0.1%). Secondline stocks too picked up steam driving the BSE Mid-cap and Small-cap indices 1.42 per cent and 1.72 per cent higher respectively.

Market breadth on BSE showed 1,828 advances and 811 declines. Sector wise, the recently beaten down realty and capital goods attracted investor interest. The BSE Realty Index closed 3.07 per cent higher and BSE Capital Goods Index gained 2.44 per cent. Meanwhile, most markets in Asia, barring China and Hong Kong, ended with gains. Equities in Europe also moved higher and US index futures were indicative of a positive opening later this evening. The rupee rose against the dollar to close at 42.89. Oil prices have slumped 5.2 per cent in the past two sessions to close at $131.31 a barrel on the NYMEX Tuesday. Today however, the commodity rose to $134.60.



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Sai72Stocks Vs Nifty,Sensex

Sai72Stocks Vs Nifty,Sensex

Sai72Stocks Vs Nifty,Sensex

Hi all... I am again here to provide Interesting articles in and around Market, Corporates, World Business and etc.
From the content of below article [ IIM-L 60 beats Nifty 50 gains ], I wish to create New portfolio of 72 Stocks in the Name of SAI72Stocks to check my ability in Portfolio Mgmt Services. I have created this portfolio by picking some stocks in Nifty, Sensex [as they have strong fundamentals] and other Midcap stocks. Lets us see how this portfolio performs Vs Sensex, Nifty.
I will compare my portfolio with Sensex, Nifty in a regular Intervals. I will give the returns of My portfolio in the coming weeks. I will publish the next return {Avg.Return}comparison on July 31, 2008 [ Nearly 70 days from 24.05.2008].
I have taken my portfolio points by averaging 72 stocks. I didn’t give any weightage to Stocks. And I have taken Stock values, Nifty, Sensex points as on 23.05.2008 to make my debut Vs Sensex, Nifty.
Hope all of you will have interest in this article/concept. Also listed my Stock portfolio.

Date : As on 23.05.2008 Next comparison date: 31.07.2008 [ July 31,2008]

Points
Sensex 16649
Nifty 4946
Sai72Stocks 1565

Sl.No StockName Price[23.05.2008]
1 Axis Bank 799.85
2 ACC 667.45
3 Bharti Airtel 836.80
4 BHEL 1747.20
5 Bank of India 325.35
6 Bajaj Holdings 673.75
7 Cipla 203.50
8 Cairn India 306.15
9 Chennai Petro 341.40
10 Corporation Ban 344.25
11 DLF 609.75
12 Dr Reddys Labs 686.75
13 Essar Oil 246.80
14 Grasim 2289.00
15 GMR Infra 138.50
16 GE Shipping 499.20
17 HDFC 2678.30
18 HUL 235.75
19 HDFC Bank 1383.00
20 Hindalco 192.95
21 Hero Honda 797.50
22 HDIL 758.60
23 HT Media 136.45
24 ITC 213.60
25 ICICI Bank 863.75
26 Infosys 1826.40
27 Idea Cellular 107.10
28 India Cements 164.30
29 Indiabulls 413.50
30 IDFC 156.05
31 IOC 420.05
32 Jaiprakash Asso 237.65
33 Jindal Steel 2387.15
34 JSW Steel 1077.10
35 Jet Airways 526.65
36 Kotak Mahindra 700.85
37 Larsen 2844.75
38 Lupin Rs.683.80

39 Maruti Suzuki 789.60
40 NTPC 176.95
41 Nestle 1771.95
42 Neyveli Lignite 143.55
43 Nicholas Pirama 357.60
44 NALCO 534.45
45 ONGC 902.05
46 PNB 514.15
47 Power Grid Corp 100.40
48 Power Finance 143.05
49 Reliance 2554.80
50 Reliance Comm 572.30
51 Ranbaxy Labs 496.50
52 Reliance Infra 1290.40
53 Reliance Petro 184.05
54 Rajesh Exports 95.20
55 Rel Capital 1321.05
56 REC 115.00
57 SBI 1573.25
58 Suzlon Energy 296.90
59 Sun Pharma 1328.85
60 Sterlite Ind 903.75
61 SAIL 172.60
62 Sesa Goa 4065.85
63 Tata Steel 896.50
64 Tata Motors 637.55
65 Tata Power 1440.45
66 Titan Industrie 1200.70
67 Tata Chemicals 384.10
68 TV 18 328.30
69 Unitech 268.00
70 Videocon Indust 386.75
71 Voltas 158.10
72 Welspun Guj 377.00

Let us Start......................................

Sensex, Nifty end with small gains : Sify India

Sensex, Nifty end with small gains
Chhota-Sensex pitted against mini-Nifty

Year 2007 ends on optimistic note, Sensex gains 80 pts


The first session of calendar year 2008 saw quite a number of blue chip stocks from power, realty and FMCG sectors gaining in strength. A few stocks from auto, banking and capital goods sectors also found support during the fag end of the day.


However, due to lack of triggers, it turned out to be rather lackluster session for several front line stocks. Mid and smallcaps, however, found strong support once again and posted impressive gains.


While the Wall Street closed on a negative note yesterday, most of the markets in Asia remained closed on account of New Year's Day today. Not willing to take chances ahead of the reporting season, participants chose to tread a cautious path and, as a result, notwithstanding a few smart intra-day rallies, many index stocks struggled to make a headway today.


The Sensex, which opened with a positive gap of around 38 points at 20,325.27 and touched a high of 20,394.89 in intra-day trade, settled at 20,300.71 with a small gain of 13.72 points. The Nifty ended at 6144.35, way down from a high of 6165.35 it had hit in intra-day trades, with a marginal gain of 5.75 points. While the Sensex touched a low of 20,220.46 in morning trade, the Nifty had dropped down to 6109.85.


Power stock Reliance Energy was the biggest gainer among Sensex stocks on Day 1 of Year 2008. The stock, which hit a new all-time high of Rs 2289 today, ended with a sparkling gain of 6.8% at Rs 2279. NTPC surged 2.7% on strong buying on the back of reports that the government may vest the management with more powers on finance front.


FMCG heavyweights ITC and Hindustan Unilever closed stronger by 3.5% and 2% at Rs 217.60 and Rs 218.10 respectively. Tata Motors rallied 2.85% to Rs 763.05. Housing finance stock HDFC moved up by 1.65%. Ambuja Cements (1.1%), ONGC (1.05%) and State Bank of India (0.6%) also ended with smart gains.

Mahindra & Mahindra gained around half a per cent. ACC, Hindalco, HDFC Bank and Maruti Suzuki edged up marginally. BHEL ended almost unchanged from its previous closing price.
IT stocks Tata Consultancy Services (down 2.7%), Wipro (down 2.7%), Satyam Computer Services (down 1.2%) and Infosys Technologies (down 1.05%) remained out of favour.

Bharti Airtel and Reliance Communications, the telecom majors, went down by 2.7% and 0.75% respectively. Index heavyweight Reliance Industries eased by 1.15%. Ranbaxy Laboratories, Larsen & Toubro, Cipla, DLF and Bajaj Auto closed lower by 0.25% - 0.75%. Tata Steel and ICICI Bank finished with marginal losses.

Tata Power firmed up by over 5%. Nalco gained nearly 5%. Unitech notched up an impressive gain of 3.7%. Siemens, Reliance Petroleum, Punjab National Bank, GlaxoSmithKline Pharma and Suzlon Energy posted sharp to moderate gains today.

HCL Technologies, Idea Cellular, SAIL, Zee Entertainment and Dr. Reddy's Laboratories closed with sharp losses. BPCL, Sun Pharmaceuticals, Sterlite Industries, GAIL India and ABB also ended on a weak note.

JB Chemicals and Indo Rama Synthetics moved up by 20%. Apollo Hospitals, EIH Limited, Indian Hotels, Indian Overseas Bank, Allahabad Bank, Asahi India, MTNL, Dena Bank, Apollo Tyres, ING Vysya Bank, HDIL, Vijaya Bank, Indian Bank, Andhra Bank, Brigade Enterprises, Parsvnath Developers and Syndicate Bank also closed with handsome gains.


Midcap stocks JM Financial Services, UCO Bank, Gujarat NRE Coke, Greaves Cotton, Nava Bharat Ventures, Advanta, Asian Star, Kalyani Steel, Asian Electronics, Shiv Vani Oil, Nucleus Software, Atlas Copco, Zee News and GTL Infrastructure flared up smartly.

Among smallcaps, Batliboi, VST Industries, Macmilan, Hindustan Sanitaryware, Genus Power, Venus Remedies, Garden Silk, Kirloskar Ferro, Mather Pumps, Navneet Publications, Fedders Lloyd, Monnet Ispat, Tata Sponge, Paramount Communications and Agro Tech Foods were among the big gainers today.

IFCI, Essar Oil, Reliance Capital and GTL Infrastructure moved up sharply on strong volumes today.

As buying remains fairly widespread, the market breadth was pretty strong today. Out of a total of 2934 stocks traded on BSE, as many as 2282 stocks closed on a winning note. 626 stocks finished with losses and 26 stocks ended at their previous closing levels.

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Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information provided. Blog is not responsible for any faulty information.

Sensex, Nifty end with small gains : Sify Finance

Sensex, Nifty end with small gains
Nifty at 6950, Sensex 22880 by July 2008
India's Sensex Has Longest Winning Run

NSE 6081.50 10.75
BSE 20216.72 24.20

The market, despite mixed global cues, opened on a high note this morning. Barring information technology stocks, other blue chips surged higher in early trade and quite a few of them held on to their gains thanks to selective buying support even as the benchmark indices Sensex and Nifty drifted lower around noon.

As the mood turned highly cautious, large and midcap stocks had a highly choppy afternoon session today. The Sensex did manage a smart rally around mid-afternoon but declined sharply once again following a fairly strong bout of resistance.

All through this, smallcap stocks held firm thanks to sustained buying interest. The Sensex, which opened at 20,301.05 and edged up to 20,323.76 in early trade today, ended the session at 20,216.72 with a gain of 24.20 points or 0.12%, and Nifty closed with a gain of 0.18% or 10.75 points at 6081.50, around 30 points down from its intra-day high of 6110.85. While the Sensex touched a low of 20,159.73 today, the Nifty had eased to 6060.20 in afternoon trade.

Among the sectoral indices, the Consumer Durables index finished with a strong gain of 1.79%. The Bankex, FMCG, Metal and PSU indices ended stronger by 0.7% - 1% while the Power index moved up by 0.34%. BSE Oil & Gas edged up marginally while the Capital Goods index ended with a small loss. The Auto, IT, Healthcare, Realty and Teck indices lost 0.25% - 0.75%.
Though as many as 14 Sensex components ended in the positive territory, only HDFC Bank (2.8%), Wipro (2.55%), ICICI Bank (1.85%), ITC (1.85%), Tata Steel (1.55%) and Reliance Energy (1.1%) closed with sharp gains.

Hindalco, which failed to find support at higher levels, ended 0.7% up at Rs 210.80, more than Rs 5 down from its intra-day high of Rs 216.05. HDFC, ONGC, Hindustan Unilever, NTPC, Tata Consultancy Services, Maruti Suzuki and BHEL finished with marginal gains.

Tata Motors lost a little over 2%. Satyam Computer Services (down 1.7%), Reliance Communications (down 1.65%) and Bharti Airtel (down 1.65%) also declined sharply. Ranbaxy Laboratories, Larsen & Toubro, Grasim Industries, State Bank of India, Mahindra & Mahindra and Infosys Technologies lost 0.5% - 1%. Cipla, Ambuja Cements, DLF and Bajaj Auto also closed on a weak note. Reliance Industries and ACC ended with small losses.

Nalco, which shot up by 9.25%, was the biggest gainer in the Nifty pack. Idea Cellular, Suzlon Energy, SAIL, Sterlite Industries and Cairn India also ended on a firm note.

Reliance Petroleum, Sun Pharmaceuticals, HCL Technologies, Zee Entertainment, Punjab National Bank and ABB ended with sharp losses. Shipping Corporation of India vaulted 13.85% to Rs 294.35. Nirma, Mirc Electronics, CMC, Raymond, Alok Industries, HTMT Global, Tata Elxsi, Castrol India, Adani Enterprises, Rashtriya Chemicals & Fertilizers, Indo Rama Synthetics, Sterling Biotech, GE Shipping, Aventis Pharma, JSW Steel and Hinduja Ventures posted impressive gains.

Midcap stocks ISMT, Tulip IT, ABG Shipyard, Educomp Solutions, Crisil, Emami, Motherson Sumi, 3M India, India Infoline, Gujarat NRE Coke, Infotech Enterprises, Aptech, Vishal Retail, SpiceJet and REI Agro had a bright outing today.

Sagar Cements, KRBL, Kalindee Rail Nirman Engineers, ICSA, Era Constructions, Suven Life, Federal Mogul Goetze, Hindustan Organic Chemicals, Gwalior Chemicals, Inox Leisure, Cosmo Films, Nelcast, BSEL Infrastructure, Rain Commodities, Everonn Systems, Mercator Lines and Karuturi Network were among the big gainers in the Smallcap index, which shot up by 2.32% today.

Thanks to widespread buying in midcap and smallcap space, the market breadth remained pretty strong today. Out of 2953 stocks traded on BSE, 2069 stocks ended with gains. 841 stocks posted losses and 43 stocks ended at their previous closing levels.

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Source: www.sify.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex, Nifty end with marginal gains : Sify Finance

Sensex, Nifty end with marginal gains
Sensex ends marginally up; REL soars 4%
Sensex up marginally
Sensex ends flat

NSE 5751.15 8.85

BSE 19091.96 12.32

Taking cues from strong global markets, equities opened on a high note this morning, and, notwithstanding a few spells of selling stayed on in the positive territory till a little past noon. Stocks cutting across sectors were seen trading firm. So widespread was the interest that all the sectoral indices moved up sharply in morning trade.

However, as participants turned a bit cautious past noon, prices of several blue chip stocks began to swing in a highly volatile manner. A severe bout of selling pressure then sent the indices crashing deep down into the red. The Sensex, which had spurted to 19,397.76 in early trade after opening with a positive gap of over 275 points at 19,255.39, nosedived to 18,886.40, suffering a big loss of around 190 points.

Finally, thanks to a smart rally in select old and new economy stocks, the Sensex bounced back into the positive territory and ended the day at 19,091.96 with a small gain of 12.32 points. The Nifty, which touched a high of 5840.80 in opening trade, settled at 5751.15 with a gain of 8.85 points. In late afternoon trade, the Nifty crashed to a low of 5676.70.

With two trading holidays ahead and the expiry date of December series derivatives contracts not far away, the market witnessed immense volatility right through the session today. Though a few blue chip stocks held firm, several large and midcap stocks were seen struggling for support in afternoon trade.

Reliance Energy rallied smartly and posted a sharp gain of 4.15% on the back of reports that the company is planning to foray into Africa. It is reported that the company is in talks with the governments of Botswana, Tanzania and Zambia for setting up generation capacities of over 1,000 megawatt (MW). The company is also likely to bid for a 1,200 MW greenfield project at Yanbu in Saudi Arabia.

ONGC ended stronger by 2.65%. ICICI Bank (1.8%) and Infosys Technologies (1.1%) remained firm right through the session. Tata Consultancy Services, Tata Steel, ITC, Mahindra & Mahindra (the stock had a bright spell this afternoon), Larsen & Toubro and Ranbaxy Laboratories gained 0.5% - 1%.

Hindustan Unilever, DLF and BHEL ended with marginal gains. Ambuja Cements, HDFC Bank, Wipro, Cipla and Satyam Computer Services ended flat. ACC (down 3.4%), HDFC (down 2.4%), Maruti Suzuki (down 2.35%), State Bank of India (down 1.95%), Grasim Industries (down 1.65%), Tata Motors (down 1.55%), NTPC (down 1.25%), Reliance Industries (down 0.85%), Bajaj Auto (down 0.65%) and Hindalco (down 0.65%) ended on a weak note. Telecom majors Bharti Airtel and Reliance Communications also closed in the negative territory.

VSNL zoomed to Rs 738 in brisk afternoon trade at the counter and despite ending the session well off that mark, at Rs 716.25, posted a hefty gain of 18.4%. Nalco, Suzlon Energy, Sun Pharmaceuticals, HCL Technologies, Unitech, BPCL, Tata Power, Zee Entertainment and GlaxoSmithKline Pharma also finished on a firm note. GAIL India, ABB, Dr. Reddy's Laboratories, Punjab National Bank and Siemens ended with sharp losses.

Alok Industries, Gillette, Ispat Industries, Lupin, Rashtriya Chemicals & Fertilizers, Mastek, Indian Bank, Torrent Pharma, Jaiprakash Associates, Adani Enterprises, FDC, Arvind Mills, Jindal Saw, Gujarat Industries & Power and Indian Cements surged higher on strong buying support.

HCL Infosys, Lanco Infratech, Jet Airways, Moser Baer, Indian Overseas Bank, Alstom Projects, Union Bank of India, Rolta India, Bharat Earth Movers, Sun TV Network, EIH Limited and Godrej Consumer Products closed with sharp losses.

The market breadth was positive. Out of 2941 stocks traded on BSE, 1883 stocks ended with gains. 1030 stocks closed in the negative territory and 28 stocks ended unchanged from their previous closing levels.

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Source: http://www.sify.com/finance . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex, Nifty end with marginal losses

Nifty 5668.05 -2.35

Sensex 19051.86 -6.81

Save for a few minutes in early trade, the mood of the participants on the major Indian bourses remained cautious with a negative bias today. Weak global markets and the incredible rally staged by equities yesterday triggered a few rounds of profit taking and though the Sensex managed to bounce back after a sharp setback this afternoon, it still finished the session on a negative note today.

Bank, power and realty stocks had a profitable outing. Information technology majors, with the exception of Satyam Computer Services, struggled for support. Auto and oil stocks regained some lost ground thanks to buying in late afternoon trade. FMCG stocks had a weak run. Capital goods and pharma sectors saw stock specific buying.

While the Sensex, which hit a new high of 19,174.45 but crashed to 18,877.75 in intra-day trades, ended the day at 19,051.86 with a small loss of 6.81 points, the Nifty settled at 5668.05 with a loss of 2.35 points. The NSE benchmark hit a new high of 5708.35 before it plunged to 5578.45 in afternoon trade.

Though they turned a bit easy in mid afternoon trade, stocks from midcap and smallcap segments rebounded smartly during the final hour of trade. Reflecting the interest for stocks in these segments, the BSE Midcap and Smallcap indices closed stronger by 0.85% and 0.47% respectively.

ICICI Bank recorded a handsome gain of 5.5% today. Hindalco moved up by 4.55% to Rs 197.45. Reliance Energy extended its winning run and notched up a sharp gain of 3.1%. Maruti Udyog (2.3%), NTPC (2%), Satyam Computer Services (1.6%) and Reliance Communications (1.1%) also ended on a firm note.

Further, Visit: Sensex, Nifty end with marginal losses


We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.