Posts filed under 'Sectors / Industries'
The Indian stock markets had yet another stellar rally today after the markets decided that Nifty extend its stay at the critical 5200 region. The SENSEX closed at 17300.58 gaining 107.03 (0.62%) while the NIFTY reaffirmed its position and closed at 5235.70 gaining 36.45 (0.70%) points. With this, the immediate pull back is ruled out unless 5300 or even may be 5400 is touched, atleast as per technical charts.
The CNX Midcap closed at 7188.40 gaining 87.85 (1.24%) and the BSE Smallcap ended at 6573.58 adding 110.28 (1.71%) points in trade today. Some experts say that much better longs are building in the midcap space now and that this is the reason for the longer stay of the markets in the stable region.
Of course, not all credit is to the Indian markets. The global economy in general is stable with no specific negative news. The Europe supported well and so did US markets. In fact, this is one of the strong reason why the Indian market closed in the positive. There is indeed volatility in our markets but the actual conquering and cementing its stay in the positive territory was made possible for the Indian markets only after the European markets have opened.
Mahindra Satyam announced good set of Q3 numbers. CP Gurnani gave the credit to BFSI projects and the rupee depreciation helped. The results came out after the markets have closed. Hence, we can expect some positive move in the script tomorrow.
Auto sales numbers have come and they appear to be good. Except for the decline in the tractor numbers of M&M, the sales figures of Tata Motors and Maruti are nice.
The Economic Times was reporting that Core Projects leads race to acquire Aptech. Aptech closed at Rs. 90.45 gaining 2.80 (3.19%) with a volume of 40.65k shares traded.
Carlyle sold 2 cr shares of HDFC at Rs 677/share on the BSE. HDFC was under pressure today and closed at Rs. 688.90 down Rs. 8.95 (-1.28%) with a volume of 4.96m shares traded.
February 1st, 2012
The Indian stock markets have undone yesterday losses reaffirming that U-course (reversal of trend) was not immediate but a little distance ahead. The news that FIIs have pumped in 10,000 crores has boosted the morale as Sensex have been reporting the best results since September 2010.
The SENSEX closed at 17193.55 gaining 330.25 (1.96%) points while the NIFTY closed at 5199.25 jumping up 111.95 (2.20%). The CNX Midcap closed at 7100.55 adding 160.80 (2.32%) points while the BSE Smallcap closed at 6463.30 adding 89.71 (1.41%) points. Hence, the market gains of the day are across the board.
Media reports say that Fidelity is considering an exit from the Mutual Fund business in India. Earlier similar news (or rumours) are out that Bharti wants to come out of its Bharti AXA AMC. These news, experts believe, are a thumbs down to the morale of the Indian mutual fund market that has been witness some sea changes in the recent past.
ICICI Bank has beat street estimates with some good Q3 numbers. The bank’s net is up 20% to Rs 1,728 cr. ICICI Bank is up at Rs. 902.15 gaining Rs. 49.95 (5.86%) with a volume of 10.27m shares traded today.
Government will infuse up to Rs 7,900 crore via preferential allotment share issue into SBI. SBI is up at Rs. 2061.60 gaining 76.35 (3.85%) with a volume of 2.98m shares traded.
Tata Global Beverages enters into JV with Starbucks group to operate Starbucks outlet in India and there by entering into the highly competitive high-end retail coffee drinks business. Tata Global Beverages closed at Rs. 107.75 gaining Rs. 9.85 (10.06%) with a volume of 17.92m shares traded.
January 31st, 2012
As anticipated by the experts, the markets are taking a reversal of course after having conquered some key resistance levels. The 5200 mark was hardly held and the markets have cracked a bit today with the Nifty slipping 117.40 points and closed the day at 5087.30 (-2.26%). The SENSEX closed at 16863.30 losing 370.68 (-2.15%).
The CNX Midcap ended at 6939.75 down 149.90 (-2.11%) while BSE Smallcap closed at 6373.59 slipping 118.10 (-1.82%).
A look at sectoral indices will show who was the reason behind the fall today. It is none other than the Capital Goods who have seen some sharp upward move in the past few days. The BSE Capital Goods index is down 5.55% while the BSE Power and Realty are down over 3% each.
Top losers of the day is lead by BHEL which slipped 10.76%. Sterlite Ind and Jaiprakash Asso are down over 6% each. Larsen, Sesa Goa and Mah and Mah are down over 5% each. Hindalco, SAIL, Bharti Airtel, Axis Bank, IDFC and ICICI Bank are down over 4% each while Tata Steel, Reliance Comm, Reliance and DLF are down over 3% each.
BHEL’s Q3 PAT went up 2% at Rs 1432 cr and total income rose 19% to Rs 10743 cr YoY.
January 30th, 2012
Experts believe the rally in the markets in the last few trading sessions is sustainable for even more sessions and that the longs are still holdable.
SENSEX closed at 16643.74 gaining 192.27 (1.17%). NIFTY closed at 5018.40 gaining 62.60 (1.26%). CNX Midcap closed at 6746.05 gaining 98.55 (1.48%). BSE Smallcap closed at 6272.23 gaining 76.53 (1.24%).
Kirloskar Oil will consider buy back of its shares when it announces its quarterly results on January 25, 2012. The stock jumped upward on the news but cooled off a little as the day progressed. The script closed at Rs. 143.75 gaining 8.80 (6.52%) with a volume of 44.25k shares traded.
An arm of Reliance Industries bought 1.14% stake in Den Networks according to an ET report. Den Networks script jumped at closed at Rs. 70.05 gaining 6.35 (9.97%) amidst a volume of 341.16k shares traded.
Bank of America Merrill Lynch in its company update report on TCS dated January 16, 2012 has given a BUY call on the script. The target price for TCS is Rs. 1330. The post in-line balanced 3Q and encouraging hiring has led to the BUY call.
All eyes are now on the Reliance Industries quarterly numbers that will be released tomorrow.
January 19th, 2012
The markets closed flat today after a stellar rally yesterday. The SENSEX closed at 16451.50 down 14.55 (-0.09%) while the NIFTY closed at 4955.80 slipping 11.50 (-0.23%). Much of the damage was in midcap and smallcap stocks with the CNX Midcap closing at 6647.50 down 77.80 (-1.16%) while BSE Smallcap closed at 6195.70 down 62.75 (-1%).
It appeared that the markets have already lost stream and the short term peak was already approached. Experts however say that considering that some renewed buying interest was seen, it is too early to say that the revesal of course is on charts.
While Reliance Industries closed up, TCS which announced good numbers yesterday took a beating today. Experts believe the current stock price already is factoring its potential near-future growth and that a target of Rs. 1200 is max for the script, atleast in the next 12 months time frame.
Reliance is considering a share buyback on January 20 when it will be announcing its results. This moved the script which closed at Rs. 779.75 up 37.70 (5.08%) with a volume of 9.25m shares traded.
The Supreme Court of India Essar Oil is not eligible for sales tax benefit and that the company will have to pay sales tax to Gujarat State Government of approximately Rs 6300 cr. The script closed at 51.15 slipping 7.05 (-12.11%) with 24.8m shares traded.
Lenders may infuse USD 250 mn equity in Kingfisher Airlines. The script closed at Rs. 25.35 gaining 0.25 (1%) with a volume of 14.49m shares traded.
January 18th, 2012
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