Webinfosys's Stock Market News : Post Market Session

The Indian market made a smart come back in the final hours of the session on the back of short covering of the ahead of the expiry of the June derivatives contract. The market opened on a handsome note tracking the favoring cues from the global markets like the US Federal Reserve’s decision on Wednesday to keep the interest rates steady at 2%, which was widely expected and signaled that it was in no hurry to raise them. But the market was not able o sustain at the higher levels and pare its gains but selective buying at the final hours led the market close in positive territory. The volatility gripped the market throughout the trading session. From the sectoral front, the oil and gas and metal ruled the market during the session as most buying was witnessed from these baskets. The market breadth was positive as 1483 stocks closed in green and 1143 stocks closed in red while 72 stocks remained unchanged.

The BSE Sensex closed higher by 201.75 points at 14,421.82 and NSE Nifty ended up by 63.2 points at 4,315.85. The BSE Mid Caps closed lower by 4.62 points at 5,742.04 while BSE Small Cap closed up by 71.06 points at 7,129.08. The BSE Sensex touched intraday high 14,421.82 and intraday low of 14,196.68.

Gainers from the BSE are Tata Communications 8.55%, Maytas Infra 8.27%, Bharat Forge 6.82%, Chambal Fertilisers 6.71%, Tata Chemicals 6.29%, Ambuja Cements 6%, Nagarjuna Fert 5.98%.

The Metal index closed higher by 158.27 points at 13,923.14. Gainers are JSW Steel 2.50%, SAIL 2.42%, Sterlite industries 2.34%, Nalco 2.13%, Sesa Goa 1.84% and Bhushan Steel 1.73%.

The Oil & Gas index closed up by 265.82 points at 9,677.38. Scrips that gained are Reliance industries 4.87%, Gail India 3.58%, RPL 1.85%, Cairn India 1.18% and ONGC 0.73%.

The Capital Goods index grew by 85.05 points to close at 10,887.23 as Kir Oil Eng 6.23%, Havells India 3.28%, L&T 1.98%, Kalpataru Power 1.51%, Siemens 1.40%, Crompton Greaves 1% closed in green.

The Reality Index closed lower by 105.42 points at 5,102.43. Losers are Phoenix mill 8.42%, Purvankara 7.34%, Ansal Infra 7.07%, HDIL 5.89%, Omaxe 5.79%, Parsvnath 5.73% and Sobha Dev 4.13%.

The IT index advanced by 86.91 points to close at 4,181.86 as Wipro 5.14%, HCL tech 5.01%, I-Flex 4.72%, Finance Tech 2.96%, Aptech 2.34% and Infosys 1.90% closed in green.

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Webinfosys's Stock Market News : Mid Market Session

The market has given up most of its early morning gains and is trading flat on the last day of the expiry of the F&O of the nth of June. The Realty, Power, Auto and Pharma stocks are facing the selling pressure today. However, the buying support is seen in the Oil & Gas, IT and Consumer Durables stocks. The BSE Sensex is currently hovering above the 14200 mark and the NSE Nifty is trading near the 4250 mark. The BSE Mid Cap and BSE Small Cap are also trading in line with the benchmark index.

The overall market breadth is positive 1423 stocks are advancing while 963 stocks are declining and the 70 stocks remained unchanged on BSE.

The BSE Mid cap is higher by 16.35 points at 5,763.01 and the BSE small Cap is up by 61.45 points to trade at 7,119.47.

At 12.30 pm, BSE Sensex was at 14,243.65 up by 23.58 points and Nifty was at 4,249.40 down by 3.45 points.

BSE Oil & Gas index was trading 150.16 points higher at 9,561.72 as Gail India (2.17%), ONGC (0.75%), RPL (0.44%) and RNRL (0.39%) are trading in green.

BSE Metal index advanced by 38.28 points to trade at 13,803.42. The major gainers are JSW Steel (2.01%), Jindal Steel (1.16%), Sesa Goa (0.91%) and Sterlite Industries (0.13%).

BSE Capital goods index advanced by 27.99 points to 10,830.17. The main gainers are AIA Engineering (1.55%), L&T (1.95%) and SKF (0.47%).

BSE IT index inclined by 36.72 points to trade at 4,131.67 as Financial Technologies (2.93%), Satyam Computer (2.43%), HCL Technologies (1.85%) and Wipro (1.73%) are trading in green.

BSE Power index decreased by 15.51 points to 2,428.91. The main losers are Reliance Power (2.99%), Suzlon Eneregy (2.33%), NTPC (2.26%) and Tata Power (1.02%).

BSE Health Care down by 27.46 points at 4,162.52. The top losers are Glenmark Pharma (2.78%), Ranbaxy Lab. (2.06%), Sun Pharma (1.69%) and Aventis Pharma (1.35%).

BSE Bankex index is trading lower by 3.11 points at 6,472.70. Losers are ICICI Bank (1.10%), PNB (1.56%), SBI (0.84%) and HDFC Bank (0.44%).

BSE Realty dropped by 98.39 points to 5,109.46. Leading to its fall are Ansal Infra. (4.89%), Mahindra Life (3.69%), Parsavnath (3%), DLF (2.51%) are trading lower.

BSE Auto fell by 37.17 points to 3,823.71. Leading to its fall are Maruti Suzuki (3.34%), Tata Motors (1.96%), Hero Honda (1.26%) and Mahindra & Mahindra (1.11%).

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Webinfosys's Stock Market News : Pre Market Session

The Indian Market is expected to have positive opening on the back of favorable global cues. On Wednesday, the Indian market closed in green due to the buying support in key indices. The domestic market opened on downbeat note and slipped sharply lower due to the sharp sale off in early session backed by RBI’s hike in the key lending rate and the CRR by 50 basis points each to curb inflation that hit a 13-year high early in June. RBI on Tuesday raised the key lending rate to 8.5% from 8.0% with immediate effect. RBI will raise the cash reserve ratio to 8.75% from 8.25% in two stages, to 8.5% from July 5 and to 8.75% from July 19. Further, market gained ground as investors bought shares at lower levels to close in green. From the sectoral front, metal, oil & gas, capital goods and reality stocks led the advance, while banks, IT and FMCG continued to drag. The BSE Sensex closed higher by 113.49 points at 14,220.07 and NSE Nifty ended up by 61.55 points at 4,252.65. We expect that market gain some ground during the trading session.

US markets closed higher on Wednesday after some volatile trading following the Fed''s decision to keep the interest rates unchanged. A drop in oil prices and moderately encouraging economic reports boosted the market. Yesterday, crude oil futures dropped $2.45, to settle at $134.55 a barrel after a report that showed U.S. fuel demand fell to its lowest level since January 2007 as record prices restricted the purchases.

The NASDAQ closed higher by 32.98 points at 2,401.26 along with S&P 500 up by 7.68 points to close at 1,321.97 and Dow Jones Industrial Average (DJIA) advanced by 4.40 points to close at 11,811.83.

Indian ADRs ended up. In technology sector, Wipro advanced by (2.26%) along with Satyam by (1.09%), Infosys by (0.91%) and Patni Computers by (0.45%). In banking sector, ICICI bank and HDFC bank increased by (2.57%) and (1.57%) respectively. In telecommunication sector, Tata Communication and MTNL rose (3.12%) and (2.27%). Sterlite industries inclined (0.54%).

Today the major stock markets in Asia are higher. Hang Seng Index is trading higher by 160.72 points at 22,795.88 along with Japan’s Nikkei trading up by 59.43 points at 13,889.35 and Taiwan Weighted trading at 7,879.35 advanced by 24.29 points.

The FIIs on Wednesday stood as net buyer in equity and net seller in debt. The gross equity purchased was Rs3,366.20 Crore and the gross debt purchased was Rs0.00 Crore while the gross equity sold stood at Rs3,.92.10 Crore and gross debt sold stood at Rs187.40 Crore. Therefore, the net investment of equity reported was Rs274.10 Crore and net debt was (Rs187.40) Crore.

Today, Nifty has support at 4,172 and resistance at 4,345 and BSE Sensex has support at 13,938 and resistance at 14,524.

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