Webinfosys's Stock News : Pre Market Session

Indian market is likely to have a flat opening for the day with marginal gains, as the investors will be in a wait and watch mood for the RBI''s policy review. On Monday, the benchmark index Sensex ended with a gain of 734.50 points at 19,977.67 after touching the all time high of 20,024.87, whereas Nifty also closed with a good gain of 203.6 points to close at 5905.90. We expect that the market may trade a little cautious ahead of the RBI''s policy review. Further profit booking can be seen in the later stages on yesterday''s purchase.

On Monday, the US markets ended marginally up as the Dow Jones Industrial Average (DJIA) ended with a gain of 63.56 points to close at 13,870.26. Further the NASDAQ Composite & S&P 500 (SPX) index also ended up by 13.25 points & 5.70 points at 2,817.44 & 1,540.98 respectively.

Indian ADRs also ended in green. In telecommunication sector, VSNL & MTNL surged (5.02%) & (2.96%) respectively. In Metal sector, Sterlite Industries is up by (4.26%). In Banking sector ICICI bank & HDFC bank grew (6.53%) & (5.20%). Further in Technology sector, Patni Computers increased by (0.09%), along with Wipro (1.39%) & Infosys (3.51%).

The major stock markets in Asia are trading mixed. Hang Seng is trading with a gain of 114.36 points at 31,701.26. On the other hand, Japan''s Nikkei is trading lower by 117.44 points to trade at 16,580.64. Singapore''s Straits Times index is also trading down by 13.78 points at 3,806 and Seoul Composite lost 9.47 points to trade at 2,053.45.

On Monday, the FIIs stood as the net sellers as the gross equity purchased was Rs.4077.90 (in crores), and the gross debt purchased was Rs.25.30 (in crores) as against the gross equity sold was Rs.4334.70 (in crores) and the gross debt sold was Rs.153.10 (in crores). The net investment of equity was Rs.-256.80 (in crores) and the net debt investment was Rs.-127.80 (in crores).

Today, Nifty has support at 5,810 and resistance at 5,990 and BSE Sensex has support at 19,799 and resistance at 20,185.

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Webinfosys's Stock News : End Market Session

After climbing one more step (1000 points) of the growth path, the benchmark index BSE Sensex touched a new milestone of 20k points for the first time and finally ended on a firm note. It seems that the Indian bulls are very confident for all the news to come in their way right from the quarterly results to the RBI''s review of the monetary policy. It just took 10 trading sessions for the Sensex to move from 19000 to 20000 levels. Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000. L&T and ICICI Bank were the top contributors with 50% contribution of last 1000 points rally. Further the large caps like L&T, BHEL, RPL, Siemens, HDFC, HDFC Bank were among the star performers in today''s rally. The benchmark index Sensex ended with a gain of 734.50 points at 19,977.67 after touching the all time high of 20,024.87, whereas Nifty also closed with a good gain of 203.6 points to close at 5905.90 after touching the all time high of 5,922.50. Further, BSE Midcap and BSE Smallcap also closed higher with a gain of 161.88 points and 154.25 points at 8,082.54 & 9,705.20 respectively.

BSE Capital goods stood as the start performer of the day as it closed with the highest gain of 1307.51 points at 19,847.66. Fueled it up are Siemens with the highest gain of (12.17%), L&T (10.33%), BHEL (7.42%), Areva (7.24%), and Punj Lloyd (6.71%).

Keeping the others behind, BSE Oil & Gas stood at the second position with the gain of 556.19 points to close at 111,659.65. Scrips gained are Reliance Petroleum (9.80%), Reliance (5.03%), ONGC (7.15%), & GAIL India (2.09%).

BSE Metal also shared the gaining rally with a gain of 445.18 points to close at 17,189.74. Scrips supported are, Jindal Saw (19.99%), Jindal Steel (5.99%), Maharashtra Sea (5.91%), & Sesa Goa (4.62%).

BSE Bankex also followed the gaining rally to closed higher by 376.18 points at 10,649.71. Scrips surged are HBFC Bank (5.99%), ICICI Bank (5.48%), Yes Bank (4.54%), PNB (2.88%).

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Webinfosys's Stock Market : Mid Market Session

The market has once again proved its firmness as the BSE Sensex sets a new landmark at 19,984.18. The rally across broader market is observed as fresh buying is in momentum. At one end the P-note issue seems to be solved by SEBI allowing the sub accounts to register as FIIs. The stability in the market is also backed by the strong fundamental growth in sectors like capital goods and metal. Well if the momentum goes on then the 20K mark in not too far. The Mid cap is higher by 147.12 points at 8,067.78 and small cap advanced by 184.58 points to 9,735.53.

The overall market breadth looks firm as 1675 stocks are advancing while 967 stocks are declining on BSE.

At 12.40pm, BSE Sensex is up by 713.91 points at 19,957.08, while Nifty was high by 204.2 points at 5906.50.

BSE CG is leading ahead by 1,281.87 points at 19,822.02. Companies like BHEL, L&T and Thermax have come up with phenomenal quarterly results. This proves the strong growth prospect of these companies and the industry as a whole. L&T has recorded a remarkable growth of 73% in net profit at Rs. 348cr in Q2FY08 as against Rs. 201.22cr in Q2FY07. The company has embarked to build two mega integrated and commercial ports with an investment of Rs. 3,500cr. L&T and BHEL are gaining by 10.40% at Rs. 4,279 and 8.77% at Rs. 2,645 respectively.

BSE Metal index is gaining by a striking 557.46 points at 17,302.02. The good quarterly numbers from a majority of the metal companies have kept the buying interest firm. Jindal Steel and National Aluminum Corporation are moving up by 7.13% and 5.72% at Rs. 8,980 and Rs. 329.95 respectively.

BSE Bankex has gained 323.06 points at 10,596.59. HDFC bank is still gaining by 6.40% at Rs.1,645. ICICI bank, Yes Bank and Punjab National Bank are up by gains of 4.69% at Rs. 1,240, 3.51% at Rs. 221 and 3.04% at Rs. 540 respectively. The investors are optimistic about good news coming from the RBI''s monetary review on 30th October.

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