Posts filed under 'Opening trade'
A big day for the stock markets. The Indian Finance Minister will be presenting his Budget speech shortly. Meanwhile the Indian stock markets opened marginally in the red. Fertilizers, Seeds and Paper stocks are in the green considering the budget will give some thrust to agriculture.
Minister of Finance Chidambaram and Minister of State for Finance entered into the Parliament just few minutes ago. The Finance Minister will be presenting the Indian Union Budget at about 11:00 AM
Banking stocks are in the red. Bank Nifty is down 1.28% CNX IT is marginally up at 0.09%
Auto, Bank, Consumer Durables, Health Care, IT, Metal, Oil & Gas, Power sectoral indices on the BSE are in the red. Consumer Goods, FMCG, PSU and Realty sectoral indices are in the green. Chambal Fertilizers, RCF, Zuari, Aries Agro, Kaveri Seeds and Tamilnadu Newsprint are buzzing with over 3-4% upside just few minutes after openeing.
February 29th, 2008
The Indian stock markets had a weak opening this morning. The Asian markets are trading mixed. Nifty is down 0.68% while Sensex is down 1.23%. Selling is evident largely in largecap stocks.
The Sensex opened at 17,541.17 and is currently at 17,548.43 down by 218.20 points or 1.23%. The Midcap Index is down 1.13% while the Smallcap index is down 0.81%
Selling pressure is seen across all the sectors and heavily in Consumer Goods, Realty and Power sectors. IT too had a weak opening.
Infosys is down by 1.77%, Satyam down 2.04%, TCS and Wipro are marginally down.
Bank of Baroda and Oriental Bank are down over 2% while ICICI Bank and HDFC Bank are marginally down. Reliance group stocks Reliance Petrol, Reliance Industries and Reliance Energy top the volume charts followed by L&T, Infosys and ICICI Bank.
Midcap gainers so far include Chennai Petro, Shree Cement, GE Shipping, Tata Chemicals, Bajaj Hindustan amongst others. Midcap losers include HCC, Ansal Infra, Lanco Infra, Praj Industries amongst others.
1 U.S. dollar = 39.7124816 Indian rupees
10:15 AM IST
February 15th, 2008
Bulls seems to have been coming back as volumes on the stock markets are driving the indices. Both the NSE Nifty and BSE Sensex are up over 3%. Buying is visible across largecap, midcap and smallcap companies. BSE Power and Oil & Gas sectoral indices up over 4%
It is a big openeing this morning with both the stock exchanges ticking in the green. CNX NIFTY is at 5102.75 up by 3.52%. NIFTY JUNIOR is at 9516.15 up 3.33%. The Largecap dominated CNX 100 is at 4964.80 up by 3.52%. The broader CNX 500 is up 3.55% whule the CNX MIDCAP is at 6914.95 up by 3.26%. CNX IT is up 2.56% while BANK NIFTY just passed the 9000 levels and is up 2.95%
The BSE Sensex is at 17,543.70 up by 594.56 or 3.51%. Midcap Index is up 3.09% while Smallcap Index is down 2.36%. All Sectoral indices on the BSE are in the green at the moment.
Reliance stocks are in the green. Reliance is at Rs. 2498.15 up by 4.55%. Unitech is at 382.50 up 7.96%. L&T crossed the 3400 levels and is at 3416.00 up 4.23%. Infosys is attempting Rs. 1600 levels. The script is trading at Rs. 1593.00 levels and is up 3.08%
On the Technology front, Subex is up 5%, Tech Mahindra, Hexaware, Rolta, MPhasis, Polaris, Finantech are all up by over 3%
On the Banking front, HDFC Bank, Union Bank of India are up over 4% while Axis Bank, ICICI Bank, Kotak Bank and Oriental Bank of Commerce are up over 3%
10:10 AM IST
February 14th, 2008
The Indian markets had a postive opening this morning. NIFTY is at 4924.75 and us up 1.79%. CNX 100 is at 4800.00 up 1.76%. CNX 500 is at 4120.70 and is up 1.64%. CNX MIDCAP is at 6718.70 up 1.15%. NIFTY MIDCAP 50 is 2580.65 up 1.88%. CNX IT had a weak opening and is down 0.23% while the BANK NIFTY is at 8723.55 up 2.48%
Sensex opened at 16,816.94 and is up 283.11 points gaining 1.7%. The Sensex Midcap index is up 74.82 points up 1.06% while the BSE Smallcap Index is down marginally by 0.04%
Sectorally, Bank, Oil & Gas, Metal, Power and PSU are strong. The IT sector is lone in the red.
Largecap IT stocks Infosys, Satyam and Wipro are weak while TCS is up 1.12% Satyam is trading at Rs. 413.45 levels.
The Indian Banking Sector news is buzzing all around. It may be recalled the Finance Minister addressed the Indian PSU Banks yesterday. Meanwhile, Market rumours that Sabre Capital is looking for an exit from Centurion Bank of Punjav and that HDFC Bank and ICICI Bank are looking to acquire the stake has pushed the stock upwards.
HDFC Bank and Bank of Maharastra are up over 4% this morning. ICICI Bank is up 2.82%. SBI is trading at 2091.00 levels and is up 1.9%
VSNL is now named Tata Communications. VSNL is also in news today that it will be providing networking solutions in China. VSNL Opened up at 456.05 and is trading at 458.05 levels.
Top Nifty gainers so far include SAIL, Sterlite, Reliance, HDFC Bank, Tata Steel, ICICI Bank and Reliance Petrol while Nifty losers include Satyam, National Aluminium, Wipro, Infosys, Sun Pharma, HCL Tech amongst others.
Nifty Midcap Gainers list includes Rolta, RNRL, Peninsula Land, LITL, Punj Lloyd, Matrix Laboratories, SCI amongst others while the Nifty Midcap Losers list includes CESC, IVRCL Infra, J&K Bank, AIA Engineering, Patel Engineering, Hotel Leela amongst others.
Cords Cables listed at Rs. 138 as against its IPO offer price of 135. Considering that the weak IPO scenario, the listing could be considered reasonable. Cords Cables is having an order book of Rs. 100 crores that needs to be executed in 4 months time.
1 U.S. dollar = 39.6620791 Indian rupees
February 13th, 2008
CNX NIFTY is at 4876.05 up by 0.39%. CNX NIFTY JUNIOR is at 9159.30 down by 0.57%, CNX IT is at 3977.15 up by 0.53%. Sensex is at 16,661.76 and is up 0.19%. Sensex Smallcap and Midcap indices are down. The signs show are clear the early upward trend is mostly on the large cap stocks while the Midcap and Smallcap stocks are pulling down in the first hours of trade.
Technology stocks again demand a mention as most of the large cap IT stocks are trading in the green. Satyam, Wipro, Infosys, TCS, HCL Tech are all in the green. Satyam is gaining momentum with increased volumes.
On the Banking front, ICICI Bank is up 3.25%, Axis Bank is up 1.85% and PNB is up 0.47%. State Bank of India is at 2058 levels and is marginally in the green. Bank of India is down 2.23%.
A look at the largecap stocks shows Sterlite, SAIL, Hindustan Unilever, Cipla, ONGC, Bharti Airtel, Hero Honda, National Aluminum are all up while Reliance Energy, Tata Power, L&T, Glaxo, Ranbaxy are in the red.
Midcap gainers include J&K Bank, Rolta, Moser Baer, Sterlite Bio are in the up while IVRCL Infra, Patel Engineering, Bajaj Hindustan, CESC are all down over 3% while Nagarjuna Constructions, HCC, Praj India are down over 2%
Sectorally Bank, Auto, IT, Metal, Realty are in upwards whule yesterdays hit Consumer Durables in down this morning.
JK Infra listed at Rs. 115 but slipped to Rs. 90 levels in the first few minutes of trade.
NTPC is attracting huge volumes in recent times and deserves a special mention. Analysts put a Buy / Accumulate rating of this stock with a target of Rs. 283 by the end of year. Unlike its pees, NTPC isn’t a buzzing stock on volume terms but is surely a silent star.
10:10 AM IST
February 12th, 2008
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