Posts filed under 'Closing Bell'
Monday, September 08, 2008 4:05:18 PM IST
The Indian stock markets took a brief bull run after positive news about NSG, Asian markets and the crude cooling off came in. Sensex closed at 14944 up 461.14 or up by 3.18%. Nifty closed the day at 4482.30 up 2.99%
The markets had a huge upward opening. Fortunately the indices managed to stay up with the gains. In fact, at one stage, BSE Sensex is up over 600 points. Capital Goods and Power stocks are the gainers during the first half of the day with the Banking and Realty joining later during the day.
Much of the buying interest is evident in the large cap stocks. Midcap and Smallcap stocks too joined the party but they had little to contribute in todays trading.
The CNX IT closed 2.15% and Bank Nifty is up 3.98%. CNX 100 is up 2.83% while CNX 500 is up 2.46%. CNX Midcap managed to stay up at 0.89%
Nifty toppers today include Sterlite, Tata Communications, Power Grid (all up over 5%), Power Grid, ICICI Bank, SBI, HCL Tech, L&T, NTPC, Suzlon and HDFC (all up over 4%). In the red is BPCL which is down 3.36 as profit booking stepped in after the recent rally in the script.
Almost all sectors on the BSE did well in todays trade. The Consumer Durables is the lone sector to have closed in the red today with Blue Star, Gitanjali Gems and Titan Industries closed the red marginally in the red.
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 108.4834 Japanese Yens
1 U.S. dollar = 0.7027 Euros
1 Ounce Gold = $806.60
1 Barrel Crude Oil = $107.40
September 8th, 2008
Friday, September 05, 2008 4:29:42 PM IST
Not much to cheer about, the markets took yet another dull day today. Nifty closed at 4352 down 2.15% while Sensex lost 415 points to close at 14483.83 down 2.79%
Realty stocks are once again hit hard. The BSE Realty index is down 4.17% with Akruti City (down 6%), DLF (down 5.4%), Unitech (down 4.7%), Mahindra Life, India Bulls Real Estate and HDIL (all down over 3%) being the big names in the index that are hit hard today. 7 of the 9 scripts in the index declined today.
Despite some cheer in the USD-INR during mid day, forex did not cheer any IT scripts today. The 11 stock BSE IT had 9 declines today. Aptech (down 5.8%), Infosys, Moser Ber, Wipro, Rolta (all down over 4%), Satyam (down over 3%) all closed the day in the red.
There are not many large cap gainers today. However, BPCL topped the charts and closed the day up 8.57%. Hindustan Unileaver is up 1.85% while ITC and ONGC closed the day marginally in the green.
1 U.S. dollar = 44.2243 Indian Rupees
1 U.S. dollar = 106.1345 Japanese Yens
1 U.S. dollar = 0.7026 Euros
1 Ounce Gold = $795.00
1 Barrel Crude Oil = $106.38
September 5th, 2008
Yet another day gone without much damange. The day opened in the red much like its Asian peers, attempted recovery but failed and finally closed in the red with the Nifty slipping about 1.25% and Sensex about 1% at the end.
The day has reported lower volumes in trade and stocks are largely news driven. The CNX Nifty closed at the sub-4450 levels once again. The index last traded at 4447.75 down 1.25%. CNX IT is up 0.16% while Bank Nifty is down 0.22%. The CNX 100 is down 1.17% and the broder CNX 500 is down 1.03%
BPCL, GAIL, Maruti (all up over 3%), Hindalco, Tata Power (both up over 2%), Cairn, Tata Communications, Dr. Reddy, Hero Honda (all up over 1%), Grasim (marginally in the green)
Sterlite continued to be hammered stock in the Nifty after it closed the day again in the red. The script last traded at 612.85 levels and is down 3.94% on the Nifty. Other losers on the Nifty include National Aluminium, ABB, ONGC (all down over 3%), Unitech, HDFC Bank, Reliance, ITC, SAIL and Hindustan Unileaver (all down over 2%)
Midcap gainers of the day list is topped by Moser Baer. The script last traded at 116.50 up 9.75%. Its 52-week high is at 345 and 52-week low is 87.80. The script is buzzing after news that it is setting up a thin film photovoltaic unit in Chennai. Analysts say the script has a resistance at Rs. 120 levels and once above that it can touch Rs. 125. Moser Baer is able to build up buying interest in recent times.
The BSE Sensex slipped by 150.76 points in todays trade. It last traded at 14899.10 down 1%. BSE Midcap and Smallcap indices are down 0.13% and 0.11% respectively. Realty sectoral index is down 3.2%. Other losing sectors on the BSE include FMCG, Oil & Gas, Metal and Power all of which are down over 1%
Overall not a damaging day for the Indian stock markets today. Tomorrow’s trades will depend on the Indian inflation numbers, the price of the crude oil and of course on how the US markets will close their trading day.
1 U.S. dollar = 43.9599 Indian Rupees
1 U.S. dollar = 106.8147 Japanese Yens
1 U.S. dollar = 0.6890 Euros
1 Ounce Gold = $809.70
1 Barrel Crude Oil = $109.16
September 4th, 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
Monday, September 01, 2008 4:40:19 PM IST
The last hour of trade today, instead of dragging the indices down, has taken the market to almost opening time levels. The Nifty managed to close day at 4348.65 down 0.26% while BSE Sensex managed to coverup losses to finally shut shop at 14,498.51 points or down 0.45%
The CNX IT is up 0.18% and Bank Nifty that was has seen severse selling pressure till mid day has revesed to finally close upwards by 0.44%
Top Nifty gainers of the day include HCL Tech (up 3.9%), Sun Pharma, Hero Honda, ABB (all up over 2%), ITC, HDFC Bank, BHEL, PNB (all up over 1%), Satyam and SBI (marginally in the green)
Top Nifty losers include Ranbaxy (down 3%), Tata Steel, Bharti Airtel, Maruti (all down over 2%), Siemens, Tata Communications, National Aluminium, Reliance Communications, Infosys and Hindustan Unileaver (all down over 1%)
Apollo Tyres continue to close in the red. The script opened at Rs. 39 and closed at 38.20 having lost 2.92% today. Other losers prominent the fell in todays trade include Aditya Birla Nuvo, HDIL, Aisan Paints, GMR Infra, Kotak Bank, PFC, Reliance Capital, JSW Steel and IDFC
The BSE Midcap Indes is down be ust 0.01% while the BSE Smallcap Index closed at almost opening levels. PSU, Oil & Gas, FMCG, Bankex, Realty sectoral indices closed in the green. Metal and Consumer Durables are down by over 1%.
Inflation and steel prices are closely linked and needless to say any news about oil will throw up an indirect impact on the steel stocks. Prominent metal stock losers of the day include Tata Steel, Sesa Goa (both down over 2%), SAIL, JSW Steel, ISPAT Industries, Gujarat NRE Coke (all down over 1%). Metal gainers of the day include Jai Corporation Limited (up 2.53%) and Welspun Gujarat (up over 1%)
1 U.S. dollar = 44.0102 Indian Rupees
1 U.S. dollar = 108.3658 Japanese Yens
1 U.S. dollar = 0.6834 Euros
1 Ounce Gold = $830.60
1 Barrel Crude Oil = $114.70
September 1st, 2008
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