Archive for September 2nd, 2008
Wednesday, September 03, 2008 7:30:42 AM IST
It is a pure rally on the Indian stock exchanges, thanks to the cooling crude prices. The Sensex closed at 15049 up 551 points while the NSE Nifty closed at 4504 up 3.57%
The upward move is largely contributed by the Banking stocks. In fact, Bank Nifty is up 6.2%. The BSE Realty index is up 7.35%. Other leading sectors to watch include the PSU, Capital Goods, Power and Oil & Gas.
SBI, ICICI Bank, DLF are all up over 7%. ONGC, PNB, Reliance Infra, Suzon are up over 6% and Siemens, National Aluminium are up 5%
Overall, a great day for the markets.
September 2nd, 2008
Tuesday, September 02, 2008 2:32:54 PM IST
Inflation sensitive counters including the Banks and Realty are bullish as crude oil cools to $106 levels.
CNX Nifty is at 4497 trying the 4500 levels and is up 3.42%. CNX It is up 2.67% while Bank Nifty is up 6.61%. CNX 100 is up 3.42% while CNX 500 is up 3.19%
BSE Sensex is continuing to hold the gains. The Sensex is trading at 15040 levels and is up 542 points. The index is up 3.74%. The BSE Midcap and Smallcap index is up over 1.4% and 1.1% each. The BSE Reality index is up 7.2%. Bankex is up 6.7%. PSU, Capital Goods and Oil & Gas counters are all up over 3% each.
Unitech, ICICI Bank and DLF are up 8% each. SBI and ONGC are up 7% each. PNB, HDFC Bank, BPCL, Tata Communications, National Aluminium are up 5% each.
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $805.00
1 Barrel Crude Oil = $106.61
September 2nd, 2008
Tuesday, September 02, 2008 1:46:42 PM IST
The crude oil price has been making magic in the Indian stock markets. Nifty is up 2.8% with much of the upward move happening in the last hour of trade. BSE is up 439 points and is trading at 14937 levels.
The CNX IT is up 2.34% and Bank Nifty is up 4.88%. CNX 100 is up 2.94% and CNX 500 is up 2.83%. Banking and Capital goods are getting good buying attention. ICICI Bank, BPCL, ONGC (are all up over 6%), SBI, PNB, L&T, Unitech (are all up 5%), Reliance Infra, Tata Communication and Suzlon (all up over 4%)
BSE Sectoral indices are in the green zone except for the Healthcare sector. Bankex and Realty indices are up over 4%. PSU, Capital Goods, Power are all up over 3%
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $802.80
1 Barrel Crude Oil = $106.90
September 2nd, 2008
Tuesday, September 02, 2008 12:43:02 PM IST
The stock marched towards new highs of the day with good buying interest in Banking counters with Kotak Mahindra Bank, SBI, ICICI, PNB being the hot picks.
The NSE Nifty zoomed upwards in the last hour of trade. The index is now at 4413.05 up by 1.48%. Bank Nifty is up 2.63% while CNX IT is up 1.09%. CNX 100 is up 1.49% while CNX 500 is up 1.55%
Top Nifty gainers include BPCL, ONGC (both up over 5%), SBI ICICI Bank, Unitech (all up over 3%), PNB, Reliance Infra, Tata Communications, Tata Power and L&T (all up over 2%). Other prominent gainers so far on the the NSE are Kotak Bank, HDIL, IOB, JP Associates, Vijaya Bank, Bank of India, Union Bank, PFC, IDBI and LIC Housing Finance.
On the downside are Ranbaxy. The script became even more weaker during the last hour and is trading at 464 levels down by 7%. Cairn, Tata Motors, Cipla and Satyam are in the red. Amongst Jr Nifty scripts on the downside are MPhasis, Chennai Petrol, Aventis, Autobindo Pharma, Cummins and IFlex. All the scripts are marginally in the red.
The BSE Sensex is up 203 points and is at 14,702.13 levels. Midcap stocks gained significantly during the last hour of trade. BSE Midcap Index is up 1.12%. The BSE Smallcap Index is holding in the green and is up 0.93%.
Sectoral Indices that are gaining are Bankex, PSU, Realty, Power while Health care and Consumer Durables are still in the red.
Crude oil is now at the sub-$110 levels and the global markets with the Asian markets to start with are largely in the green. Many countries including India that are heavily hit by the crude oil upsurge began to cool off.
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $806.80
1 Barrel Crude Oil = $108.74
September 2nd, 2008
Tuesday, September 02, 2008 11:50:17 AM IST
Stock markets continue to hold their gains in the last hour of trade. Buying interest is evident in PSU, Realty and Banking stocks. ONGC and BPCL are leading the Nifty charts
NSE Nifty is at 4370 up 0.49%. CNX IT is up 3946.9 or 0.33%. Bank Nifty is up 1.24%. Toppers on the Nifty include ONGC, BPCL, PNB, SBI, Unitech, Tata Power, ACC, L&T, ICICI Bank and Tata Communication. The downward looking stocks include Ranbaxy, Cairn, Cipla, Tata Motors, SAIL, Satayam, HDFC Bank, RPL, M&M and HDFC
BSE Sensex is at 14,560.81 up 62.30. Midcap and Smallcap indices are holding marginally in the green. Sans the Consumer Durables and Health Care, all other sectoral indices on the BSE are in the green.
The Indian Rupee is holding firm over the US Dollar which is a good news for export oriented sectors such as the IT and the Pharma
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $814.30
1 Barrel Crude Oil = $110.87
September 2nd, 2008
Previous Posts