Live Nse Bse Sensex News

June 10th Thursday

Live Sensex

Sensex

16922.08 264.19


NIFTY
5078.60 78.30


Sensex ends 264 pts as blue chips rally in late trades SIFY


The market, which moved in a tight band for well over three hours after a steady start, found some strong support during the final hour thanks to a rally on the European bourses and higher U.S. index futures, and ended on an upbeat note today.

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Despite moving up sharply in morning trades, the market struggled to make a significant headway as some blue chips faced stiff resistance at higher levels. Though stocks from automobile, healthcare, capital goods and power stocks attracted buyers, stocks from other sectors remained somewhat subdued despite trading in positive territory, as investors appeared a bit reluctant to hold positions at higher levels.

However, thanks to frenzied buying in the final hour, the market rallied sharply, and more importantly, held on to their gains to sign off on a high note. Besides positive global cues, a few stock specific stories also contributed to the market's bright close today.

The Sensex, which spurted to 16,942.60 in intra-day trades, ended the day at 16,922.08 with an impressive gain of 264.19 points or 1.59%, while the Nifty closed with a gain of 78.30 points or 1.57% at 5078.60, slightly off the day's high of 5085.20.

In economic news, the data released by the government revealed that the food price index rose 16.74% in the year to 29 May 2010, higher than the previous week's annual reading of 16.55% as fruits and potato prices rose. The fuel price index climbed 14.23% compared with an annual rise of 14.14% in the previous week.

Automobile stocks were the star performers during the day. Metal stocks, which were a bit subdued to start with, found solid support in late afternoon trade and closed with impressive gains.

Realty, pharmaceuticals, power, capital goods, information technology and bank stocks closed with notable gains. Select stocks from telecom, FMCG and oil sectors too ended on a firm note.

Reliance Infrastructure ended stronger by 5%. Bharti Airtel, which had a bright session on Wednesday, extended its gains and closed 4.85% up. Tata Motors, Hero Honda and Hindalco gained 4% - 4.5%.

Cipla, Maruti Suzuki, Mahindra & Mahindra, Reliance Communications, Jaiprakash Associates, State Bank of India, Tata Consultancy Services and Jindal Steel ended higher by 2% - 3.5%.

Sterlite Industries, Wipro, Tata Steel, DLF, Larsen & Toubro, HDFBA, BHEL, ACC, Tata Power and Hindustan Unilever also closed notably higher. Heavyweight stocks Reliance Industries, Infosys Technologies and ICICI Bank posted modest gains.

Reliance Capital, SAIL, Idea Cellular, Reliance Power, Unitech, Cairn India, Ranbaxy Laboratories, Sun Pharmaceuticals and Suzlon Energy closed with notable gains.

Midcap stocks Pantaloon Retail, Sun TV Network, Castrol India, IFCI, Lanco Infratech, Marico, Tata Communications, Indian Hotels, Ultratech Cement, United Phosphorus, Bharat Forge, Divi's Laboratories, Nagarjuna Construction, India Bulls Real Estate, Shipping Corporation of India, Bhushan Steel, Videocon Industries and IRB Infrastructure ended 3% - 7% up.

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Besides several large cap stocks, scores of midcap and smallcap stocks also rallied sharply on strong buying support.

The market breadth was quite positive. Out of 2914 stocks traded on BSE, 1878 stocks posted gains. 901 stocks drifted lower, while 135 stocks ended flat


Sensex extends gains for 2nd day; jumps 264 pts on global cues

Stock market bellwether index Sensex rose for the second consecutive session today ending 264 points higher on renewed investor confidence, supported by positive European cues.

The Bombay Stock Exchange's 30-share benchmark, which was creeping till mid-session, spurted in the second half after European markets opened firm and settled at 16,922.08 points, showing a gain of 264.19 points, or 1.59 per cent.

The wide-based Nifty Index of the National Stock Exchange ended 1.57 per cent higher at 5,078.60 points.

Aggressive purchasing in auto, metal and telecom stocks pushed the Sensex to an intra-day high of 16,942.60 points, marketmen said.

"Positive sentiments from Europe and hectic demand in the last hour of trade helped the market end near the day's high. Good export numbers from China were also a fillip for the markets," Geojit BNP Paribas Research Head Alex Mathews said.

Bharti Airtel extended gains for the second day rising by another 4.81 per cent. It had gained 5.57 per cent in the previous trade after it completed the $10.7 billion acquisition deal for Kuwait-based Zain's African operations.

Brokers said Bharti Airtel gained even as Standard & Poor's has lowered the credit rating of the company. "Investors are positive on Airtel as they think that after Zain deal, revenue of the telecom major will increase," CNI Research CMD Kishore P Ostwal said.

Another telecom operator Reliance Communications, led by Anil Ambani, rose by 2.47 per cent.

Metal stocks recorded gains as good export numbers from China indicated that the demand for commodities is likely to remain strong.

Hindalco rose by 4.14 per cent, Sterlite Industries by 1.94 per cent, Tata Steel by 1.85 per cent and Jindal Steel by 2.05 per cent.

Auto stocks were in the top gear today after companies posted record sales for May. The Society of Indian Automobile Manufacturers said companies sold 12,08,851 units in May.

Tata Motors gained 4.31 per cent, Hero Honda by 4.14 per cent, Maruti Suzuki by 3.33 per cent and M&M by 2.55 per cent.

Banking major State Bank of India surged 2.38 per cent, a day after it said that it is planning to raise Rs 20,000 crore through a rights issue this fiscal to fund business growth.

Engineering giant Larsen & Toubro gained 1.76 per cent. The company today secured construction-related orders valued worth Rs 747 crore.

Except ONGC, all the components of the BSE-30 index ended with gains. ONGC settled 0.29 per cent lower at Rs 1,188.10.

The country's most valued firm Reliance Industries rose 0.85 per cent to Rs 1,015.45.

All the sectoral indices of BSE closed with gains in the range of 1-3 per cent. Auto, metal, realty and technology indices were the top gainers.

On the global front, Asia ended mix. China's Shanghai fell 0.82 per cent, while Japan's Nikkei rose 1.10 per cent.

European markets were trading firm, with Britain's FTSE 100 edging higher by 0.36 per cent. Frankfurt gained 0.50 per cent and Paris rose 0.82 per cent in early trade.



Markets surge on Chinese cues

Reports of soaring exports in China despite the ongoing European crisis brought some respite to the Indian markets today. This seemed on the back of expectations that emerging markets like India can weather the western crisis. Economic sentiment dependent stocks like those from the auto, realty and metal sectors were the best performers today.

The BSE Sensex and NSE Nifty closed with gains of around 265 points (1.6%) and 80 points (1.6%) respectively. Mid and small cap stocks followed suit. The BSE Midcap and BSE Smallcap indices closed up by 1.1% and 1.3% respectively. On the broader BSE, almost two stocks gained for every one that closed in the red.

Among other key Asian markets, while China (down 0.8%) closed weak, strength was seen in Japan (up 1.1%) and Singapore (up 1.2%). Stocks across Europe have also opened with marginal gains.

Earlier, data coming out from China suggested that exports there grew by 49% YoY during May 2010, despite the weakness in the western economies that are the biggest consumers of Chinese products. China now joins South Korea and Australia (that reported lower unemployment rates) in reporting good economic numbers over the past few days. While the news from China indicate that emerging economies have not been affected much from the European crisis, we still need to see whether the buoyancy is sustainable or the impact is still about to be felt.

Anyways, coming back to Indian markets, stocks of PSU banks closed strong today. Major gainers here included SBI, IDBI Bank, and Andhra Bank. With the liquidity in the banking system showing further signs of tightening over the last fortnight, banks may have to contemplate on interest rate hikes sooner than anticipated. The chairman of the country’s largest bank SBI recently aired his views in this direction. Banks have borrowed over Rs 600 bn from the RBI over the last few days. The situation is expected to tighten in the coming weeks. Besides, cost of deposits for banks have gone up in recent months due to overall monetary tightening. PSU banks including SBI are also planning to raise further capital through equity dilution to meet the shortage of funds. We see these measures causing a blip in banks’ margins and return ratios in the medium term.



June 7th Monday

Live Sensex

Sensex

16781.07 336.62


NIFTY
5034.00 101.50

Sensex tumbles 337 pts on global weakness
2010-06-07 16:45:30


Stocks tumbled right at the start of the session this morning and stayed weak right through the day as investors, tracking global cues, indulged in some heavy selling almost across the board.

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A few blue chips found modest support towards the closing minutes, but the mood was extremely bearish today as global markets saw a heavy sell-off amid growing worries about the financial crisin in European countries and the resultant sharp fall of the euro.

With Hungary joining the list of other European countries, Greece, Portugal and Spain, which are in the midst of a severe financial crisis, and the U.S. non-farm payrolls data turning out to be quite disappointing, stocks suffered sharp losses on Wall Street last Friday, setting up a weak start on the Asian bourses today.

The mood on the Indian bourses, quited expectedly, was quite negative when trade commenced this morning, and it remained that way right till the end. Stocks, especially those from realty and metal sectors, were seen reeling under sustained selling pressure. PSU, oil, capital goods, auto, banking, power and information technology stocks, all struggled for support today. Select FMCG and pharmaceuticals stocks found some support at lower levels.

The Sensex, which plunged to 16,686.73 in early trades, never really recovered despite a few rallies from lower levels. It eventually ended the day at 16,781.07, recording a sharp loss of 336.62 points or 1.97%. The Nifty index of the National Stock Exchange closed lower by 101.50 points or 1.98% at 5034, around 30 points off the day's low of 5004.25.

Among Sensex stocks, only Reliance Communications (4.65%), ACC (1.1%)and Hero Honda (up marginally) closed on the positive side. From the Nifty index, Ambuja Cements (2.3%) and Kotak Bank (0.8%) were the ones to end higher, besides Reliance Communications and ACC.

DLF, which ended lower by over 6%, was the biggest loser in the Sensex. Hindalco lost a little over 5%. Tata Steel, Tata Motors and Sterlite Industries lost 4.2% - 4.6%.

Bharti Airtel, ICICI Bank, Jindal Steel, HDFC, Reliance Infrastructure, BHEL, State Bank of India, Infosys Technologies and Reliance Industries drifted down by 2% - 3%. Jaiprakash Associates, Larsen & Toubro, Tata Consultancy Services, Maruti Suzuki, NTPC, Tata Power, Mahindra & Mahindra, Cipla and ITC also ended notably lower.

SAIL, HCL Technologies, Cairn India, BPCL, Unitech, Axis Bank, Suzlon Energy, Reliance Capital, Reliance Power, Siemens and GAIL India ended sharply lower.

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Midcap and smallcap stocks too saw a sell-off today. While the Midcap index drifted down by 1.37%, the Smallcap barometer ended 1.45% down.

The market breadth was weak right through the session. Out of 2865 stocks traded on BSE, 1909 stocks declined, while 869 stocks posted gains. 87 stocks ended flat.



Don't wait for Sensex to hit 21000. Buy stocks NOW


They say nobody can time the markets. But this time around the stock market regulator SEBI (Securities and Exchange Board of India), and the mutual fund industry body AMFI (Association of Mutual Funds of India), seem to have got their timing bang on!

SEBI, through NISM (National Institute of Securities Markets) and AMFI through various mutual funds, have embarked on the biggest investor education campaigns our country has ever seen, at a time when FIIs are selling each day, Nifty is once again close to 4600 and investors are again beginning to get jittery!

Should Indian investors also panic and sell or should we stop our SIPs (systematic investment planning), like we did in 2008 when Sensex was at 8000 odd levels, or should we lap up this opportunity with both hands?

A common question these days is why are our markets falling if there is a problem in Greece? In 2008 we were asking -- why are our markets falling if there is a problem in US housingmarket? The simplicity of these questions highlights the complexity of the problem -- that of market movements and the abysmally low levels of financial education.

Some statistics for starters:

In a country of 100 crore plus people, there are only approximately 4 crore demat accounts. The amount of money managed by the entire mutual fund industry stands at approximately Rs 8 lakh crore against Rs 40 lakh crore in safe fixed income return generating investments. These fixed income investments yield on an average 8 per cent pre tax returns.

Nifty is the only liquid asset class (Nifty here represents equities) which has given returns at a rate of 12 per cent CAGR over the last 14 years. Nifty was at 1000 in Nov 2005 and is at approximately 5000 today. This translates into a CAGR of roughly 12 per cent over the 14.5-year time horizon.

Long-term inflation in India (from 1971-72 till 2008-09) as per RBI is in the range of 8 per cent.

Now if we juxtapose the above three points, what we get is that majority of Indians choose to remain poor/ middle class by investing in assets where money grows at a rate lesser than inflation on a post tax basis.

Secondly, equities have handsomely beaten inflation but returns in equities being volatile act as a deterrent for the lay investor and hence very few of our countrymen have benefited from this wonderful asset class.

Thirdly, quite a few of the FIIs are investing money of foreign pension funds. That means foreigners are confident on India and its stock markets and are even ready to bet a small portion of their pensionmoney on our markets, whereas our pension fund managers have till date not invested even a single penny in our stock markets, although regulations allow them to do so.

So look at it any which ways, we are destined to remain in the middle class category. Or should I say, we choose to remain middle class. We think not taking risk is safe whereas the fact is not taking risk is the biggest risk.

If outsiders can make money here, if the government can make money here by selling its ownership in PSUs, if big players like banks and insurance companies can make money here, surely there must be a way where even we, the small investor, can make money here. Hence it is absolutely necessary that we understand this monster known as the stock market and start taking its advantage.

Now there have been hundreds and thousands of articles on SIP. Every now and then you will find experts on TV talking about it. The only problem is that most of these people talk about long term in the category of 3 to 5 years. For some strange reason nobody talks of 10 years or 20 years ofinvesting in mutual funds.

It is with this objective that both NISM and AMFI have taken this Himalayan task upon themselves to educate one and all. There has to be an increase in the number of Indians coming to the capital markets -- directly or indirectly.

Now increase there was. AMFI data suggests that maximum money entered the markets when the Sensex moved from 17K to 21K and subsequently maximum number of people exited when the Sensex was lingering at 8K. How can we ever become rich by this behaviour by this herd mentality?

So, coming to the latest fall season. When an FII comes to India and the exchange rate is say 1$ = Rs 45, he gives 1$ and purchases Rs 45, which he invests in the stock markets and generates say Rs 5 as profit.

At the same time around, Greece gets into trouble and globally investors are panicking. Everybody wants to exit the Euro currency hence they dump all assets related to the Euro, be it stocks, bonds or the currency itself.

Where will all this money go? The obvious choice is gold and US dollar. In spite of all the problems in US economy, still it is considered as a safe haven asset in times of crises. So money rushes to US dollar which in turn appreciates as its demand increases.

So now the same 1$ becomes worth Rs 50. What will happen to the FII? He invested Rs 45 and increased it to Rs 50 and now when he wants to convert it into dollars, he gets again the same 1$! That means as the US dollar appreciates, FIIs who are in India would like to repatriate their profits in US dollar terms just to protect value; that is, to protect their profits. If the fail to do so, they may even get less than what they brought to India. So although they mademoney in the Indian stock market, they run the risk of eroding their profits and even capital in the forex market . They are not at all having a problem with India and Indian stock markets, it is the rising dollar which is creating problems for them.

Now that puts them to a serious disadvantage, and conversely us to a huge advantage! Come what may, it is here only that wealth can be made over the next say two decades. So all those who are exiting today for whatever reason will have to come back and soon and in huge numbers.

Let's not wait for the Sensex to be back above 18K or worse still 21K and then think of entering the market. The time to begin is NOW. Do SIPs with a 15-year horizon, buy blue-chips directly for the next 20 years, go long in the F&O space (if you understand the risks & returns associated with it), open new demat accounts, exit the worthless penny stocks bought on tips, buy good solid companies which will create India in the coming two decades and fall in love with yourmoney!

Where is the doubt, friends? Hardly 3 per cent of our household savings is coming into equities directly or indirectly. HDFC Bank and Infosys are Indian companies today only due to their place of origin, if we look at the shareholding pattern, we will realise that a huge chunk of these stalwarts is owned by foreigners whereas Indians are as good as not being there! If not direct equities, let's start 20 year SIPs. We can start with a minimum of Rs 50 per month by way of SIP what more can we ask for?

Let's do it... let's begin... let's have faith in our economy, our banking regulator RBI, SEBI, our politicians (yes we have to!), our future and handhold each other as we slowly but surely walk towards a more prosperous tomorrow.

No outsider will be coming to teach us how to make money... we have to learn ourselves. We have to be ready to fall and fail, yet move forward and finally to rise and shine. And history of free India tells us we can.

In 1965 William and Paul Paddock, two brothers, in their book Famine 1975 predicted that by 1975 Indians will die by the millions due to hunger and famine. Humiliation was being heaped upon India and Indians from all quarters.

However it was the likes of M S Swaminathan, G S Athwal, S P Kohli, V S Mathur, Lal Bahadur Shastri (former PM of India), C Subramaniam (former Agriculture minister) and Nobel laureate Norman Borlaug who heralded the Green Revolution into our country. Schools in Punjab had to be closed as classrooms were being used to store wheat. Foreigners were coming to India to study the miracle. All this in a period of 10 years from 1965 to 1975! The same years when the Paddocks had prophesied that 10 million Indians will die of hunger!

If we could do it then, surely we can do it now. Just a little bit of understanding and a sufficiently long-term approach and we would be on our way to prosperity. The next two decades are surely going to be India's. The questions is whether Indians will benefit from them?


May 28th Friday

Live Sensex

SENSEX
16863.06
196.66

NIFTY
5066.55
63.45

Moneycontrol » News Center » Markets » Local Markets
Nifty ends strong for 3rd consecutive day, surges 259 pts

The benchmark Nifty closed strong for the third consecutive day on the back of short covering and positive global cues. The index rallied 259 points in three days and closed above the 5050 level while for the week it gained just 134 points.

The Sensex closed at 16863, up 196 points and the Nifty was at 5066, up 63 points, as per provisional data.


Sensex extends rebound, ends 196 points higher

The Indian markets closed on a positive note for the third straight day today giving hopes that the bulls were finally gaining the upper hand despite the fact that the bourses continue to reflect global cues. Global markets rallied after China said it had no intension to sell its European bonds


Both the indices gained more than a per cent today. The Sensex closed up 196 points at 16,863 while the Nifty added 63 points and closed at 5,066.

The Nifty closed above the psychological 5,050 mark, comfortably above its 200 day moving average.


Among the sectoral indices, realty and metals - the two high beta sectors - led the gains. The broader markets outperformed the benchmark indices and the market breadth remained positive with 64 per cent shares advancing against 31 per cent declines on the BSE.


Among the Sensex stocks, Reliance Communications gained 5.93 per cent, Sterlite Industries closed up 5.75 per cent and Jindal Steel added 4.85 per cent. DLF and M&M gained more than 3 per cent each. Maruti, HDFC Bank, L&T and Reliance Infra ended lower.


Among the realty stocks, Parsvnath ended 11 per cent high; HDIL added 8.82 per cent and Omaxe gained 3.3 per cent.

Areva T&D rose 7.16 per cent on the back of an open offer to acquire 20 per cent of shares and Orchid Chemicals rose 4.71 per cent on the back of good results.

The European markets opened on a positive note after ending high yesterday. CAC 40 was up 0.15 per cent, DAX gained 0.40 per cent and FTSE was up 0.67 per cent.

Asian markets rose with the exception of China where the Shanghai Composite ended marginally lower. The Nikkei 225 in Japan rose 1.28 percent to 9,762 in early trade. South Korea's Kospi gained 0.95 percent to 1,622 and Australia's S&P/ASX 200 added 1.79 percent to 4,457.

The Dow futures were marginally up at 0.20 per cent. Overnight, the Dow Jones rose 2.9 per cent to regain the psychological 10,000 mark after ending below it in the previous session. The European markets all closed in the green too raising investors' confidence. Britain's FTSE 100 and Germany's DAX index each rose 3.1 percent, while France's CAC-40 climbed 3.4 percent.



Sensex, Nifty remain positive; Metal, Realty stocks hold gains

With several blue chip stocks moving higher thanks to some frenzied buying in mid afternoon trade, the market remains high up in positive territory. A firm trend in Asian markets following a buoyant close on Wall Street overnight and the strong opening on the European bourses keep the bulls rooted to the ring this afternoon.

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The reaffirmation by the Chinese government that it remains a long term investor in Europe helped buoy up sentiment on Wall Street on Thursday and Asian markets took cues and moved higher today, setting up the stage for the bulls back home.

The Sensex is up 138.72 points or 0.83% at 16,805.12, while the Nifty is up with a gain of 43.15 points or 0.86% at 5046.25.

Metal stocks are on a roll thanks to a firm trend in global metal markets. A host of stocks from the metal space have posted strong gains, lifting the BSE Metal index up by nearly 3.5%.

Realty stocks are also in strong demand today. Mirroring their surge, the Realty index is up nearly 3% at present. Consumer durables, FMCG, automobile, power and PSU stocks are also up with sharp gains.

Sterlite Industries, Jindal Steel, Reliance Communications, Mahindra & Mahindra, Hindalco, ITC and DLF are up 2% - 5%.

Tata Power, Jaiprakash Associates, Tata Steel, NTPC, Hero Honda, Tata Motors, State Bank of India, BHEL, Tata Consultancy Services, ACC and Reliance Industries are also up with notable gains.

Sesa Goa is up nearly 8.5%. Areva, HDIL and Shree Renuka Sugars have gained 7% - 7.5%. Pantaloon Retail, Indian Hotels, Shriram Transport Finance, Educomp Solutions, Hindustan Construction, Suzlon Energy, India Bulls Real Estate, India Bulls Financial Services, Yes Bank, Tata Communications, India Infoline and Rashtriya Chemicals & Fertilizers are also up with impressive gains.


Sensex firm: Reliance stocks rise sharply

May 24, 2010 - Indian markets opened in the green fired by the positive deal between the two Ambani brothers who scrapped their 'non-compete' agreement yesterday. The benchmark indices rose more than a per cent. Sensex was up 218 points to 16,663 while Nifty was up 65 points to 4,997.

All the stocks that had a Reliance prefix rose sharply. RIL was up 3.6 per cent, RNRL was up 20 per cent, Reliance Infra was up 7.8 per cent, Reliance Communications rose 5 per cent and Reliance Capital rose 6 per cent.

All the sectoral indices were in the green with Realty and Metals leading the gains with a rise of more than 2 per cent. The oil and gas index rose 3 per cent. The broader markets were in the green with both the small cap and midcap indices gaining close to 2 per cent.

Other gainers were Godrej Consumer Products Limited that rose 8.5 per cent on the back it acquiring Issue group of Argentina. ICICI Bank rose 1.2 per cent while Bank of Rajasthan rose 6.3 per cent.

Asian stocks markets were mostly higher Monday but gains were tepid as investors stayed cautious about Europe's debt problems even after a big jump on Wall Street. China was leading the gains with the Shanghai Composite gaining 3.2 per cent while there was some weakness as far as Japan was concerned. Nikkei was down 0.4 per cent.

In New York on Friday, the Dow Jones industrial average rose 1.3 percent to 10,193.39, making back some of the steep losses recorded recently amid renewed worries about Europe's debt problems.

But that did little to inspire confidence in the euro and its reliability as a currency. Asian exporters, particularly those who do significant business in Europe, lost some ground. Japan's Olympus Corp. fell 1.1 percent, while South Korea's Samsung Electronics Co. slipped 0.1 percent.

The broader Standard & Poor's 500 index rose 1.5 percent to 1,087.69, and the Nasdaq composite index added 1.1 percent to 2,229.04.

In currencies Monday, the dollar fell to 90.14 yen from 90.19 yen late Friday. The euro fell to $1.2508 from $1.2545.

Benchmark crude for July delivery was up 35 cents at $70.39 a barrel in electronic trading on the New York Mercantile Exchange.