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Positive sentiment in the global markets, particularly because of the good numbers from the Chinese markets and news that there is fresh inflow of foreign money invested in Indian markets has made stocks to have a run today.
The SENSEX was comfortable in jumping having ticked 16466.00 point by closing time today adding 276.60 points (1.71%). NIFTY is more close to the 5k mark after it closed at 4967.30 points today, adding 93.40 (1.92%) in session today. The CNX Midcap closed at 6725.30 gaining 78.25 (1.18%) while BSE Smallcap ticked 6258.45 gaining 66.42 (1.07%).
While the overall market sentiment is positive, those stocks which brought in some piece of positive news have jumped even more.
Maruti Suzuki for instance said that it raised prices of most vehicle models by Rs 2,400-17,000 due to high input costs & currency. And the script zoomed a whopping 10% in a single day! The script closed at Rs. 1109.95 gaining Rs. 105.30 (10.48%).
HCL Tech announced its numbers today. Its Q2 cons net went up 15.4% to Rs 573 cr and revenues rose 13% to Rs 5245 cr QoQ. The script closed at Rs. 425.40 jumping up Rs. 19.45 (4.79%) with a volume of 4.79m shares traded.
Positive sentiment continued in PSU counters, particular in SBI. SBI said it will get Rs 6,000-8,000 cr capital infusion by March. The stock closed at Rs. 1844.00 gaining Rs. 27.60 (1.52%) amidst a volume of 2.27m shares traded.
January 17th, 2012
Closing prices as of 11 Oct 2011
SENSEX 16536.47 -20.76 (-0.13%) NIFTY 4974.35 -5.25 (-0.11%) CNX Midcap 6997.75 10.85 (0.16%) BSE Smallcap 6802.09 15.13 (0.22%).
Top gainers: Tata Motors, NTPC, Sesa Goa, SAIL, Sun Pharma, Bharti Airtel (up over 3% each), Hindalco, Jindal Steel and PNB (up over 2% each)
Top losers: Infosys (down over 3%), HCL Tech, TCS, ONGC and Wipro (down over 2% each)
Trouble at Maruti’s Manesar plant continues with the strike entering into the 5th day. The strike by workers at Suzuki Powertrain India (SPIL) and Suzuki Motorcycle India in support of their colleagues at Maruti’s Manesar plant also continued becoming to appear like a nightmare for Maruti. Maruti Suzuki India (BSE: 532500; NSE: MARUTI; ISIN: INE585B01010) closed marginally in the green at Rs. 1074.75 up Rs. 1.55 (0.14%).
Tata Coffee (BSE: 532301; NSE: TATACOFFEE; ISIN: INE493A01019) which zoomed 10+% yesterday after news of JV with Starbucks to open coffee outlets cooled off a little bit today. The script ended at Rs. 888.20 down Rs. 2.15 (-0.24%) on the BSE.
A small union of Dhanlaxmi Bank, AIBOC Kerala State Union is holding a dharna against Dhanlaxmi Bank. The Union says the bank is playing risky with public money invested in the bank. Dhanlaxmi Bank stock shaked a bit and tested the 52-week low but later cooled when the management came out and said that all is well with the bank. The script closed at Rs. 64.60 losing Rs. 6.90 (-9.65%) amidst a volume of 36.71m shares.
Infosys (BSE: 500209; NSE: INFY; ISIN: INE009A01021) was under pressure today ahead of its quarterly results announcement tomorrow. Kotak earlier said it feels the Infosys Management would give a downward revision of its $ revenue targets considering the situation in the west. Infosys is down Rs. 82.10 or 3.17% and closed at Rs. 2509.20.
October 11th, 2011
Positive opening in the Eurozone and buying by FIIs, particularly in the large cap names has bought some positive sentiment in the Indian stock markets today.
The SENSEX closed above the 17k mark at 17099.28 gaining 353.93 points or2.11%. The NIFTY closed at 5140.20 gaining 108.25 and is up 2.15%. CNX Midcap closed at 7391.50 gaining 59.65 or 0.81% while the BSE Smallcap index closed at 7300.17 up 88.64 or 1.23%.
Top gainers of the day include Cairn India, Reliance Power, Rel Capital, Hindalco, Reliance Comm (all up over 4%), TCS, SBI, Reliance, SAIL, Axis Bank, DLF, HDFC and Infosys (all up over 3%). On the losers end are ONGC (down over 2.9%) and BHEL (marginally down).
Markets reports say that National Thermal Power Corporation (NTPC) is likely to exit from its coal special purpose vehicle (SPV) International Coal Ventures Private Limited (ICVL). ICVL is a venture jointly by SAIL, NTPC, Coal India, RINL and NMDC. NTPC has a stake of 14% in the JV. It appears NTPC is saying that the JV is not of much use for companies like them which depend on thermal coal. ICVL assets are more of coking coal and are more benificial for steel companies. The power ministry and cabinet are to take decision and give approvals to provide exit for NTPC.
Situation at Maruti Suzuki has not changed much with the Government pulling out of talks. The negotiations broke down after union leaders arrest. The stock closed the day at 1154.95 up 14.20 or 1.24% with a volume of 1.15m shares.
September 20th, 2011
The Indian stock markets had yet another bad Monday morning with the SENSEX slipping back to 16745.35 losing 188.48 points or 1.11% in trade today. The NIFTY is almost close to testing the 5000-mark and closed at 5031.95 shedding 52.30 points or 1.03%.
Nifty toppers of the day includes Maruti Suzuki, GAIL, Jaiprakash Asso (all 3 up by over 2% each), HCL Tech and ACC (both up 1% each) amongst others. On the losers end are Reliance Infra (down over 4%), Sterlite Ind (down over 3%), L&T, ICICI Bank, Sun Pharma, Axis Bank, NTPC (each down over 2%), DLF, Cipla, ONGC, Sesa Goa, Power Grid Corp, Rel Capital (each down over 1%) amongst others.
News reports say that Volkswagen may launch an hostile takeover of Suzuki. Volkswagen holds 19.9% in Suzuki. Back home, Maruti Suzuki stock zoomed upwards by gaining Rs. 31.30 and closed at Rs. 1140.75 up 2.82% with volumes of 1.4m.
Jet Airways has hiked fuel surcharge by Rs 200 per domestic sector - effective from September 17. The script closed at Rs. 275.85 gaining Rs. 3.30 or 1.21% with a volume of 912.71k shares traded.
September 19th, 2011
The Indian stock markets witnessed a classical pull back rally with the Sensex gaining 567.50 points and the Nifty gaining 171.80 point. The Sensex is at 16416 while the Nifty managed to close above the 4900 mark at 4919.60. The Small and Midcap stocks fared well while the bigger gainers are the large cap stocks. The broader BSE Sensex is up 3.28% while the BSE Midcap Index and the Smallcap Index is up 2.06%.
IT stocks are the biggest gainers today. The BSE IT index is up 5.06%. This was followed by Metal, Realty, Bankex and Capital goods which are up over 4%.
ADAG stocks bounded anywhere between 6% to 8%. Reliance Capital is up 9.6%. HCL Tech, TCS, Reliance Power are all up over 7%. Jindal Steel, Jaiprakash Associates, Kotak Mahindra Bank and Reliance Communications are up 6.37%.
Reliance managed to close above the Rs. 75 mark today and last traded at Rs 76.80 after touching an intra-day high of Rs. 78.75.
The losing stocks, though few in number, had two largecap names. ONGC is down 1.08% while Maruti Suzuki is down 0.37%.
Maruti Suzuki (BSE: 532500; NSE: MARUTI; ISIN: INE585B01010) has suspended 21 workers, five of them are suspended at Manesar unit which is leading to temporary production problems at the plant. Apart from the quantity of production, there are some quality issues that have cropped up last week because some workers are deliberately tampering with the quality of the product, according to the management which is addressing the issues.
Analysts are rejecting the script. Equityrush gave an exit call and says the script can test Rs. 980-990 levels shortly.
The pullback rally in stocks today has made Reliance Industries overtakes ONGC and become the most-valued company in the Indian market. Coal India, the earlier challenger to RIL, has dropped to #3 position.
Construction & Contracting Company, IVRCL (BSE: 530773; NSE: IVRCLINFRA; ISIN: INE875A01025) moved smartly and closed the day at Rs. 35.05 gaining over 9% in trade today.
August 29th, 2011