Posts filed under 'Opening trade'

Stock markets cooling after yesterdays rally

Tuesday, September 09, 2008 10:32:46 AM IST

The Indian stock markets opened marginally in the red after a bullish yesterday trade. Nifty is at 4423 down 1.32%. Sensex is down 190 points or 1.28% and is at 14754 levels.

CNX IT is down 1.09% and Bank Nifty is down 1.93%. BPCL is back into the green after two sessions of selling. The script is now trading at 351.4 levels and is up 1.38% so far since opening bell. Reliance Communications, ACC, ONGC, Bharti Airtel (all marginally up) are the remaining in the green.

On the losing side are Sterlite, Hero Honda, Tata Power, BHEL, Dr. Reddy, ICICI Bank, M&M, Tata Communications (all down over 2%) and Unitech and DLF (both down over 1.8%)

Crude begins to cool off and is now at near-$105 a barrel levels. Indian Rupee is strong and IT stocks would be expected to have a relatively okay day today.

1 U.S. dollar = 44.4998 Indian Rupees
1 U.S. dollar = 107.8632 Japanese Yens
1 U.S. dollar = 0.7094 Euros
1 Ounce Gold = $799.50
1 Barrel Crude Oil = $105.20

Add commentSeptember 9th, 2008

Power stocks take plunge; Bullish opening for Indian markets

Monday, September 08, 2008 10:28:22 AM IST

Positive developments on the nuclear deal has lead power stocks and construction companies a plunge today. Nifty is up 3.5% and is trading at 4506 levels. BSE is trading at 15026 levels, up 542 points or 3.75%. BSE Power Index is up 5.25%

CNX IT is up 2.73%. Bank Nifty is up 4.88%. NTPC (up 7%), ICICI Bank, Relaince Infra, BHEL (all up over 6%), L&T, Power Grid (both up over 5%), DLF, HCL Tech, HDFC and SBI (all up over 4%) are topping the charts. On the downside are BPCL (down over 2.82%) and Ranbaxy (marginally in the red). Both the stocks had a bullish run over the last few days and are now sort of cooling a bit.

The BSE Midcap index is up 2.03% while the BSE Smallcap index is up 1.70%. The BSE100, BSE200 and BSE500 are all up over 3%.

All BSE Sectoral indices are in the green. Lead by Power index (up 5.3%), Capital Goods, Banksex and Realty (all up over 4%)

1 U.S. dollar = 44.4444 Indian Rupees
1 U.S. dollar = 108.1899 Japanese Yens
1 U.S. dollar = 0.6949 Euros
1 Ounce Gold = $814.00
1 Barrel Crude Oil = $108.80

Add commentSeptember 8th, 2008

Poor queues from the US and Asia - Indian markets open weak

Friday, September 05, 2008 10:39:19 AM IST

The Indian stock markets opened the day in the red following poor queues from the US and the Asian markets. The Nifty is at 4354.55 down 2.1% while the Sensex is down at 14541.4 having lost 357.7 points or 2.4%

Yesterday listing stocks are now having sharp cuts. On the other hand, heavy weight stocks too are seeing some selling pressure today.

The CNX IT is down 2.41% while the Bank Nifty is down 2.55%. CNX 100 is down 2.09% and CNX 500 is down 1.85%. Infosys, Tata Communications, HDFC, Maruti, Sterlite, Wirpo, Reliance (all down over 3%), HDFC Bank, Unitech, SAIL (all down over 2%) are seeing selling pressure. BPCL is trading at 334.6 levels and is up 1.29%.

All sectoral indices on the BSE are in the red. The list is topped by Bankex, IT, Realty, Metal and Oil & Gas.

1 U.S. dollar = 44.3203 Indian Rupees
1 U.S. dollar = 106.8604 Japanese Yens
1 U.S. dollar = 0.6985 Euros
1 Ounce Gold = $797.30
1 Barrel Crude Oil = $107.86

Add commentSeptember 5th, 2008

Markets in red awaiting a clear direction

Thursday, September 04, 2008 10:25:31 AM IST

The Indian stock markets opened their in the red cooling from the bull rally on Tuesday. NSE Nifty is down 1.84% at 4421. The BSE Sensex is down 251 points at 147980.

CNX IT is marginaly in the red - down by 0.09% while Bank Nifty is down 2.61%. Top losers on the Nifty are Sterlite, Unitech, Reliance Infra (all down over 4%), SAIL, HDFC, HDFC Bank, DLF, Ranbaxy (all down over 3%), National Aluminium and BPCL (both down over 2%). On the green side are GAIL (up over 2%), Cairn (marginally up by 1%) and Grasim, Dr Reddy, Satyam, TCS and M&M (all marginally up).

BSE Midcap and Smallcap indices are marginally in the red. Realty index is down over 3.3%, Bankex and Power (both down over 2%). Marginally green at the moment is the IT index.

1 U.S. dollar = 43.9502 Indian Rupees
1 U.S. dollar = 108.0730 Japanese Yens
1 U.S. dollar = 0.6905 Euros
1 Ounce Gold = $803.20
1 Barrel Crude Oil = $109.47

Add commentSeptember 4th, 2008

Markets take a gap up opening with crude cooling off

Tuesday, September 02, 2008 10:26:01 AM IST

Thanks to the cooling off of the crude prices, the Asian markets opened their Tuesday trades in the green. The BSE Sensex is up in the green. BSE is trading at 14623 levels up 0.86%. Bank, Realty, PSU, Capital Goods stocks are gaining.

The CNX Nifty is up 0.74% and is currently at 4380 levels. CNX IT is up 0.39% and Bank Nifty is up 1.83%.

Top Nifty gainers include BPCL, SBI, ACC (all up over 2%), Unitech, L&T, ONGC, ICICI Bank, PNB, Suzlon and HDFC (all up over 1%). On the downside are Ranbaxy (down 6.8%), Cairn (down 2%), SAIL, Satyam, Cipla, Tata Motors, RPL, Hindalco and Tata Steel (all marginally down)

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 = $816.00
1 Barrel Crude Oil = $110.98

Add commentSeptember 2nd, 2008

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