Webinfosys's Stock Market News : Post Market Session

Indian market ended in green on the back of buying support from realty, banking, metal, technology and oil & gas stocks. The domestic market opened with positive note and was trading firm on the back of strong global cues and slide in crude oil prices. Further it continued to trade in positive territory with gaining investors’ confidence and ended on a upbeat note. The BSE Sensex was trading above 15300 mark and the NSE Nifty 4500 mark. Oil crude futures fell on Monday and stood marginally above $134 a barrel after the UN chief informed that the top OPEC crude producer Saudi Arabia had agreed to increase its output by the next month by about a half million barrels a day to help record high prices. From the sectoral front, realty, banking, metal, technology and oil & gas stocks held gains of market while consumer durables and auto stocks were out of favor during final trading hours. Due to increase in excise duty by Union government on large cars, multi-utility vehicles and sports utility vehicles with an engine cubic capacity exceeding 1500, auto stocks dropped. The market breadth was positive as 1,776 stocks closed in green while 872 stocks closed in red.

The BSE Sensex closed higher by 206.20 points at 15,395.82 and NSE Nifty ended up by 55.40 points at 4,572.50. The BSE Mid Caps and Small Cap closed positive with increase of 71.55 points and 87.39 points at 6,299.72 and 7,669.11 respectively. The BSE Sensex touched intraday high 15,553.37 and intraday low of 15,333.07.

Gainers from the BSE are Reliance Infra (4.31%), ICICI Bank (4.43%), Reliance Infra (3.97%), Bharti Airtel (3.15%), NTPC Ltd (3.07%), Cipla Ltd (2.58%), HDFC Bank Ltd (2.50%), DLF Ltd (2.39%) and Infosys Tech (2.34%).

The Reality Index closed higher by 200.64 points at 5,870.87. Gainers are Indiabulls Real (6.75%) along with Unitech Ltd (5.63%), Purvankara (4.32%), Pheonix Mill (4.17%), Housing Development (3.66%), Penland Ltd (3.02%) and DLF Ltd (2.39%).

The Banking index closed up by 199.39 points at 7,255.63. Gainers are Axis Bank (4.51%), ICICI Bank (4.43%), Bank of Baroda (4.01%), PNB (3.82%), Union Bank (3.55%) and IOB (2.57%).

The Metal index increased by 188.85 points to close at 15,374.77. Major gainers are Welspan Gujarat Sr (9.63%), Jindal Saw (7.14%), JSW SL (5.10%), Sterlite Industries (3.25%),Gujarat Nre C (2.36%) and Jindal Stainless Steel (2.01%).

The Oil & Gas index closed up by 99.05 points at 10,016.06. As Gail India (4.50%), BPCL (3.37%), Essar Oil Ltd (3.23%), HPCL (1.77%), Reliance Natural Resources (1.11%) and Reliance Petroleum (0.81%) closed in positive territory.

The IT index closed upward by 77.29 points at 4,413.35. Gainers are NIIT Tech (3.14%), Patni Computer (2.48%), Infosys Tech (2.34%), Rolta India (2.23%), Financ Tech (2.19%), and Aptech Ltd (2.05%).

The Consumer Durables index decreased by 23.43 points to close at 3,958.12 as Titan Ind (2.55%), Lloyd Ele En (1.74%), Videocon India (0.43%) and Blue Star L (0.34%) closed in negative territory.

Auto index dropped by 5.91 points to close at 4,123.88. Major losers are Herohonda Motors (1.83%), Bharat Forge (1.44%), Marutisuzuki (0.52%), Apollo Tyre (0.51%) and M&M (0.23%)

To know More About Share Market Technical Analysis Click Here For Share Gurukul

Back To Index Page

Webinfosys's Stock Market News : Mid Market Session

The market has maintained its opening gains and is still trading higher as strong buying support witnessed across the board. The buying interest is seen in the Realty, Bank, IT and Metal stocks. The BSE Sensex is trading around the 15500 mark and the NSE Nifty is trading near the 4600 mark. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index.

The overall market breadth is positive, as 1803 stocks are advancing while 583 stocks are declining and the 61 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 111.80 points at 6,339.98 and the BSE small Cap advanced by 121.88 points to trade at 7,703.60.

At 12.30 pm, BSE Sensex was at 15,468.39 up by 278.76 points and Nifty was at 4,590.30 up by 73.20 points.

BSE Metal index advanced by 256.65 points to trade at 15,442.57. The major gainers are JSW Steel (6.02%), Tata Steel (2.19%), Sterlite Industries (1.96%) and SAIL (1.79%).

BSE Capital goods index surged by 203.48 points to 12,222.64. The main gainers are Siemens (3.91%), L&T (1.69%), ABB (0.83%) and BHEL (0.77%).

BSE Bankex index is trading higher by 186.56 points at 7,242.80. Gainers are ICICI Bank (3.49%), HDFC Bank (2.30%), PNB (1.98%) and SBI (0.64%).

BSE Realty increased by 148.50 points to 5,818.73. Leading to its gain are HDIL (4.91%), Unitech (4.06%), Parsavnath (4.24%), DLF (3.39%) and Purvankara (2.86%) are trading higher.

BSE Oil & Gas index was trading 124.78 points higher at 10,041.79 as BPCL (3.05%), Gail India (2.44%), ONGC (2.11%) and RPL (1.59%) are trading in green.

BSE IT index inclined by 110.69 points to trade at 4,446.75 as I-Flex (8.62%), Tech Mahindra (3.58%), TCS (2.44%) and Infosys Technologies (0.77%) are trading in green.

BSE Health Care Index is up by 43.04 points to 4,537.06. The main gainers are Cipla (2.89%), Sun Pharma (1.56%) and Ranbaxy Lab. (0.78%).

BSE Auto grew by 5.15 points to 4,134.94. Leading to its gain are TVS Motor (1.74%), Tata Motors (1.06%), Ashok Leyland (1.86%) and Maruti Suzuki (0.26%).

BSE Power index increased by 55.55 points to 2,683.28. The main gainers are Power Grid (3.93%), Reliance Infra (3.43%), Tata Power (2.04%) and Torent Power (1.70%).

To know More About Share Market Technical Analysis Click Here For Share Gurukul

Back To Index Page

Webinfosys's Stock Market News : Pre Market Session

The Indian Market is expected to open on firm note on the back of strong global cues as the US market closed in green and Asian markets are trading with positive attitude. On Friday, the Indian market closed with losses after giving up its opening gains. The domestic market opened with positive note but was not able to maintain the balance and slipped soon after the start. It was hovering in negative territory through out the trading session due to the investors’ cautious behavior and ended in red on the back of rise in inflation. Inflation soars to 8.75% for the week ended 31st May 2008 which is highest in the seven years, as against 8.24% in the previous week. From the sectoral front, Metal, Reality, Oil & Gas and Powers stocks witnessed most of the profit booking while stocks of Pharma, Consumer Durables and Banking held gains of market. The BSE Sensex closed lower by 60.58 points at 15,189.62 and NSE Nifty ended down by 22.25 points at 4,517.10. We expect that market may gain some ground during the trading.

On Friday, the US market closed in positive territory due to technology and financial stocks, and lower crude prices helped the market end the week on a high note. Oil price falls to $135 a barrel. The Dow Jones Industrial Average (DJIA) closed higher by 165.77 points at 12,307.35 along with NASDAQ up by 50.15 points to close at 2,454.50 and S&P 500 rose 20.16 points to close at 1,360.03.

Indian ADRS ended positive. In technology sector, Wipro went up by (2.11%) along with Satyam by (2.02%), Infosys by (1.92%) and Patni Computers by (1.27%). In banking sector, ICICI bank and HDFC bank increased by (3.88%) and (0.63%) respectively. In telecommunication sector, MTNL and Tata Communication advanced by (3.23%) and (0.86%). Sterlite industries inclined by (1.50%).

Today the major stock markets in Asia are trading in green on Wall Street rally. Hang Seng index is trading higher by 374.00 points at 22,966.30 along with Japan’s Nikkei trading up by 205.89 points at 14,179.62 and Taiwan Weighted trading at 8,215.54 advanced by 109.95 points.

The FIIs Friday stood as net seller in equity. The gross equity purchased was Rs3,169.50 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs4,311.20 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs1,141.70) Crore and net debt was Rs0.00 Crore.

Crude oil futures for the month of July delivery closed lower by $1.88 at $134.86 per barrel on New York Mercantile Exchange. Saudi Arabia, which is the world''s biggest oil exporter, is planning to raise its output by the next month by about a half million barrels a day. At present it is pumping 9.45 million barrels a day, with an improvement of about 0.3 million barrels from last month.

Today, Nifty has support at 4,449 and resistance at 4,613 and BSE Sensex has support at 14,979 and resistance at 15,514.

To know More About Share Market Technical Analysis Click Here For Share Gurukul

Back To Index Page