Webinfosys's Stock Market News : Mid Market Session

The market has gained further ground due to the sustained buying interest across the board. The BSE has surpassed the 15500 mark and the NSE Nifty crossed the 4600 mark. The buying is seen in the Bank, Realty, Capital Goods and Consumer Durables stocks. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index.

The overall market breadth is positive, as 1527 stocks are advancing while 873 stocks are declining and the 73 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 57.51 points at 6,357.24 and the BSE small Cap advanced by 64.21 points to trade at 7,733.32.

At 12.30 pm, BSE Sensex was at 15,549.25 up by 153.43 points and Nifty was at 4,606.70 up by 34.20 points.

BSE Metal index advanced by 22.91 points to trade at 15,397.68. The major gainers are Jindal Saw (1.04%), Sterlite Industries (0.80%), Ispat Industries (0.69%) and Jindal Steel (0.51%).

Tata Steel is trading lower by (0.51%). The company has formed a joint venture for the power project in Orissa. The company is setting up a Rs 675-crore coal-fired power station in Orissa in alliance with Hyderabad-based Jasper Industries.

BSE Capital goods index surged by 192.22 points to 12,295.42. The main gainers are L&T (3.62%), BHEL (1.93%), BEML (1.32%) and Siemens (1.13%).

BSE Bankex index is trading higher by 195.55 points at 7,451.18. Gainers are HDFC Bank (4.87%), SBI (3.12%), ICICI Bank (2.14%) and PNB (1.60%).

BSE Realty increased by 153.59 points to 6,024.46. Leading to its gain are India Bull Real (4.49%), Unitech (2.15%), Parsavnath (1.65%), HDIL (1.97%) and Omaxe Ltd. (1.71%) are trading higher.

BSE Oil & Gas index was trading 22.81 points higher at 10,038.87 as Essar Oil (1.67%), ONGC (1.17%), HPCL (1.32%) and BPCL (0.78%) are trading in green.

BSE IT index inclined by 21.67 points to trade at 4,435.02 as Wipro (2.56%), TCS (1.28%), Mphasis (0.66%) and Infosys Technologies (0.33%) are trading in green.

BSE Health Care Index is up by 10.26 points to 4,532.81. The main gainers are Cadila Healthcare (1.74%), Cipla (1.18%), Ranbaxy Lab. (0.64%) and Glaxosmith (0.55%).

BSE Auto grew by 36.14 points to 4,160.02. Leading to its gain are Hero Honda (1.79%), Mahindra & Mahindra (1.39%), Maruti Suzuki (1.38%) and Tata Motors (0.82%).

BSE Power index increased by 16.60 points to 2,684.80. The main gainers are Power Grid (2.48%), Torent Power (1.54%), NTPC (0.81%) and Suzlon Energy (0.58%).

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Webinfosys's Stock Market News : Pre Market Session

The Indian Market is expected to open positive on the back of mixed global cues as the US market closed mixed and Asian markets are also trading mixed. On Monday, the Indian market closed on positive zone due to heavy buying across the ground. The domestic market opened with positive note on the back of strong global cues and maintained the balance throughout the trading. 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 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. We expect that market may give up some of its yesterday’s gains during the trading session.

Oil surged to a new record high on Monday of nearly $140 a barrel, pushed by weakness in the dollar which offset the bearish impact of plans by Saudi Arabia to increase output by the next month by about a half million barrels a day.

On Monday, U.S. stock indexes were mixed, due to rise in oil prices and fall in the U.S. dollar against the euro and the yen and also weakening of manufacturing in June for four times in five months. It softened 5 points to negative 8.7 in June. Lehman Brothers announcement also add on to negative sentiment about loss of $2.8 billion for second quarter.

The NASDAQ closed higher by 20.28 points at 2,474.78 along with S&P 500 up by 0.11 points to close at 1,360.14 while Dow Jones Industrial Average (DJIA) dropped by 38.27 points to close at 12,269.08.

Indian ADRs ended mixed. In technology sector, Patni Computers went up by (1.83%) while Satyam dropped by (1.28%) along with Wipro by (0.59%) and Infosys by (0.51%). In banking sector, HDFC bank and ICICI bank increased by (1.32%) and (0.63%) respectively. In telecommunication sector, MTNL advanced by (0.67%) while Tata Communication decreased by (2.55%). Sterlite industries inclined (1.36%).

Today the major stock markets in Asia are trading mixed. Hang Seng index is trading higher by 44.39 points at 23,074.08 along with Japan’s Nikkei trading up by 18.51 points at 14,372.88. However, Taiwan Weighted trading at 8,107.37 down by 62.40 points.

The FIIs on Monday stood as net seller in equity. The gross equity purchased was Rs2,712.10 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs2,763.90 Crore and gross debt sold stood at Rs0.00 Crore. Therefore, the net investment of equity reported was (Rs51.80) Crore and net debt was Rs0.00 Crore
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Today, Nifty has support at 4,468 and resistance at 4,635 and BSE Sensex has support at 15,126 and resistance at 15,590.

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