Sensex moves into the green

After a negative start, the Sensex has moved into the positive with the index gaining 35 points at 18,331 and the Nifty added 12 points at 5,482.In the broader markets, the situation is better with the smallcap index up 0.7% and the midcap index gaining 0.3%, both outperforming the Sensex which is up 0.1%

Among the sectoral indices, Realty up 1% is the top gainer in the morning trades followed by Auto, Power and Metal. Meanwhile, IT index down 1% is the major loser. Consumer Durables, Bankex, Health Care and FMCG are the other sectors trading in the negative.

Reliance Infrastructure up 9% is the top gainer among the Sensex stocks. HDFC, Sterlite, Reliance Communications, Tata Motors, Hero Honda, Bharti Airtel gaining 1% -2% are the other noteable gainers.

Infosys, SBI down 1% each, Wipro, TCS, BHEL,Bajaj Auto losing between 0.5% - 0.7% are the top losers in the morning trades.

The market breadth is positive. Of the total 2391 stocks traded on the BSE, 1435 stocks have advanced while 866 have declined.

Source:-http://www.business-standard.com/india/news/sensex-moves-intogreen/126590/on

Markets open on a quiet note

Markets opened on a soft note on cues from the global market scenario. Markets across the globe fell as Lybia's escalating tensions worried investors.

Sensex opened down 66 points at 18,229. The index recoevered thereafter and was up 13 points at 18,309.

Nifty advanced marginally to 5,474.

US markets slipped on Tuesday - taking in the global losses after remaining shut on Monday. Dow dropped 1.4% to 12,213. Nasdaq slumped nearly 3% to 2,756. S&P 500 was down 2% at 1,315.

Asian markets were mostly in red this morning. Hang Seng was down 106 points at 22,884. Nikkei slipped 21 points at 10,644. Straits Times dropped 1% to 2,991.

Back home on Tuesday, the Sensex ended down 142 points at 18,296 after a session of volatility. Nikkei ended down 49 points at 5,469.

Libya's political turmoil, New Seland's earthquake and the Indian Prime Minister's request to the Lok Sabha Speaker to proceed with the JPC formation to investigate into the burgeoning 2G spectrum scam were looked at by investors.

Markets will continue to look out for Monday's Budget session. Indices may turn volatile today, ahead of the derivatives expiry on Thursday.

BSE realty index gained 1.5% in morning trades to touch 2,081. Oil, auto and metals were also in green. However, IT index slipped 1% to 6,230.

Infosys shed 1.6% to Rs 3,092. Wipro, MphasiS, TCS and HCL Tech were down 0.5% each.

Stocks to watch out for the day would be Kotak Bank, Mahindra Finance, Petronet, Idea Cellular, Sun Pharma and NMDC.

Sterlite gained 2% at Rs 172. HDFC, Reliance Infra, Hero Honda and Hindalco were up 1-2% each.

Market heavyweight, Reliance was up 0.8% at Rs 994. 

Jaiprakash Associates, Tata Motors and Bharti Airtel were in green.

However, banking stocks were in red. SBI slipped 1% to Rs 2,700, followed by ICICI Bank at Rs 1,023 and HDFC Bank at Rs 2,139.

Bajaj Auto, Tata Power and Mahindra & Mahindra shed marginally in trades.

Source:-http://www.business-standard.com/india/news/markets-open-onquiet-note/126585/on

Markets see a quiet start

Markets saw another quiet opening today, on cues from US and Asian markets. The Sensex opened at 18,273. The index slipped into red to a low of 18,238before recovering and touching a high of 18,349.The Sensex up 40 points at 18,315. 

Nifty was up eight points at 5,488.

US markets slumped the most in over two-weeks as a lower-than-expected retail sales data for January dampened investor sentiments. Dow slipped 42 points to 12,227. Nasdaq dropped 13 points to 2,804. 

Asian markets were trading on a mixed note. Hang Seng shed 61 points to 22,838. Meanwhile, Nikkei was up 41 points at 10,788. Te Japanese markets, gaining for the third straight day, crossed the 10,800 mark after nine months.

Indian markets on Tuesday ended a choppy session of trade in the green led by gains in banking and oil & gas shares. The Sensex ended up 72 points, at 18,273. The Nikkei closed at 5481, up 25 points.

Tata Steel would be a stock to watch out for as it reported a two-fold rise in net on Tuesday. The company posted a profit after tax of Rs 1,003 crore for the third quarter ended December 31, 2010, compared with Rs 472.65 crore in the same period last year. The stock is up 2.5% at Rs 632.

Most of the sectoral indices are in the green, barring realty and auto. Realty index has dropped 1% in opening trades.

Metal index has gained over 1% at the same time. The index is at 15,963, helped mostly by Tata Steel.

DLF shed 2% at Rs 235. HDFC slipped 1.6% to Rs 636. 

Tata Motors and Reliance Communications, BHEL, ICICI Bank, HDFC Bank were in red.

On the other hand, Jindal Steel, Larsen & Toubro and Sterlite gained 1-2% each.

Other gainers include Hero Honda, Jaiprakash Associates, Bharti Airtel, Reliance Industries and SBI.

Source:-http://www.business-standard.com/india/news/markets-seequiet-start/125884/on