Tuesday, August 4, 2009

Sensex Down 4.01 Points while Profit Taking Early Gains

Offense 15,000 points for the first time in nine months

SENSEX fell 4.01 points or 0.03% to 14,870.90
Nifty rose 5.45 points or 0.1% to 4530.70.
Mid Cap rose 1.5%. At small capitalization grew by 2.1%.
BSE-500 was 0.6%. SENSEX gainer: 18
13 BSE sector indices Annex 9, posted gains.
Advancers: 2009, Decliners: 798, unchanged 49
Advancers Decliners that by a 5:2 ratio.

SENSEX days: 15,046.43 - 14,733.59
Nifty Days Range: 4574.90 to 4478.60
52-Week Range: 7697.39 to 16632.72
52-week% Change: -10.59

SENSEX gain of 6.1% included Hindalco, ITC 5.8%, JP Associates 4.5% 4.4% Grasim, ACC 4.3% and 4.2% Reliance Comm.

SENSEX losers included Mahindra & Mahindra -3.9% -2.2% Infosys, State Bank of -1.9% -1.7% Icici Bank and HDFC Bank down 1.7%.

FMCG Index rose 4.2% led by the United Breweries by 10.8%, Tata Tea +9.4% +5.8% ITC, United Spirits 5.2% and 4.1% of Ruchi Soya .

Consumer durables index jumped 4% helped by Titan Ind 7.8%, Lloyd Electric 4.7% 4.7% Gitanjali Gems, Blue Star 2.2% and 1.7% Videocon Ind

Metal index rose by 1.8% supported by 15.6% Welspun Guj, Jindal Saw 8.6%, 6.1% Hindalco, Jai Corp 5%, 5% and Guj RN Bhushan Steel 4.7%.

Capital goods index by 1% attended Suzlon Energy 14%, 6.6% Everest Kanto Walchandnagar Ind 5%, Lakshmi Machine of 4.6% and 3.9% Jyoti Structure.

Other sectors have moved: Power 0.9% 0.8% Real Estate, Auto Teck +0.6% and +0.4%.

Sectoral losers were: Bankex -1.3%, -1% IT, Oil & Gas PSU -1% and -0.5%.

Shock volume on BSE
Satyam 48 million shares, Ispat Ind 38.54 million shares, Alok Ind 35.49 million shares, Suzlon 32.74 million shares and Unitech 30.95 million shares.

Total turnover traded R 1 crore against 00,828.57 EUR 98,750.05 crore in the previous session. It consisted R 26,238.78 crore NSE cash segment, RS 65,165.46 crore from NSE F & O and the balance of EUR 9424.33 crore from BSE cash segment.

Lakshmi further 20% to EUR 114 Parenteral Drug 20% to EUR 82.35, Kanoria Chemical 19.9% to EUR 32.85, Dhunseri tea 19.6% to EUR 128.95 and Tech Mahindra 18.3% to EUR 661.70.

Heavy Losers:
DCM Shriram Ind -11.7% to EUR 78.60, Asian Star -10.4% to EUR 1121, Zodiac Clothing -10% to EUR 255 Manappuram Finance -9.8% to EUR 191 and Manu Figure -8, 8% to EUR 56.35.

Lakshmi Overseas jumps 20 PCT:
Laksmi Overseas share jumped 20 per cent circuit filter at Rs 114 on a volume of 3.08 million shares. Traders and investors, the interest shown in the meter.

PSL pics PCT:
PSL Ltd After a senior official told Reuters that plans for $ 50 million through external commercial borrowing and mulling options for fundraising. The share ended at 15.6% to 159.30 euros on BSE.

Attracts media buy:
Buying was also seen in the media files - UTV Software, NDTV, Zee Entertainment, Sun TV Network, Jagran Prakashan, Adlabs Films, TV18, Deccan Chronicle, Zee News, Balaji IBN18 broadcast television and film were 2-16,7%.

Tech in the plan:
Midcap and Smallcap stocks such as technology AurionPro Solutions, Aztecsoft, Core Projects, Datamatics, Dhanus Tech, FCS Software, Four Soft, geometric, Goldstone Tech, Logix Micro, Mastek, Micro Tech, Northgate Tech, Oracle Financial, Patni Computer, Kernex Micro, KPIT Cummins, Prithvi Info, Satyam, SUBEX, TANLA Solutions, Vakrangee and Zylog Systems increased by 3,5-8%. Info Tech Enterprises, Kale Consultants, KLG Systel, Mind Tree, Nucleus Software and Omni Tech Info gained 9-13,4%.

Delivery again in the spotlight:
Shipping stocks also witnessed buying, as the Baltic Dry Index shot over 11% during the day. ABG Shipyard, Shipping Corp Shreyas Shipping Shipping varun have 2-3,6%. Bharati Shipyard, Essar Shipping, Garware Offshore, GE Shipping, Great Offshore and Mercator Lines gained 5-9,5%.

Tech Mahindra, Satyam escalation:
IT company Tech Mahindra has taken more than seventeen per cent on BSE, a day after the company received the green signal from market regulator SEBI on SR 1154-crore open offer for the purchase of fraud affected Satyam Computer.

Tech Mahindra shares ended 17.8 percent to EUR 658.55 and Satyam Computer rose 7.8 percent to finish at C $ 67.75 on the BSE crisis.

Jupiter Bioscience attracts a large volume:
Jupiter Bioscience, a small cap biotech pharmaceutical is to attract a large volume with good supply. Yesterday, the stock moved up 13 percent to EUR 83.20 for a large volume of 2.88 million shares. The arrangement was 44 percent. Today hand finished 2.1 percent higher at 84.95 euros after an increase of EUR 91.50 intraday. The volume was relatively high at 4.12 million shares.

The annual inflation rate in India is expected to have decreased slightly in the third week of May and can zero direction in the middle of this month, analysts said on Wednesday.

The wholesale index rose 0.56 per cent in the 12 months to May 23, compared with an increase of 0.61 percent in each of the first two weeks of the month, the median forecast of 14 analysts surveyed by Reuters had shown.

Asian markets:
Asian markets ended higher. Shanghai Composite with 2% and the Hang Seng rose 1%. Nikkei, Straits Times and Jakarta Composite KOSPI was 0.1-0.6%. However, Taiwan Weighted fell 0.8%.

European markets:
European markets have been cited: FTSE 100 fell 1.9%. The CAC-40 fell 0.6% and the DAX fell 1.2%.

Crude traded on $ 68.21 per barrel.

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