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Sensex up 196 pts; Nifty up 52 pts
Friday, August 31, 2007
Sensex ended up by 196 points at 15302 while Nifty ended up by 52 points at 4464 on Friday. CNX Midcap Index was up 2.2%; BSE Small-cap Index was up 1.3% and Nifty Junior was up 2.3%. All BSE Sectors ended in the green. RIL closed at life time high at 1961. Oil & Gas, Metal, Healthcare Auto Indices were up by nearly 2% each. Biggies, Tata Steel, up by 4.9%, RIL, up by 2.5%, ONGC, up by 2.3%, Reliance Communication, up by 1.6% and TCS, ICICI Bank, up by 1.75%. All new FNO stocks which will be added on Sep 6 were in gain by over 4%. Among them, Bhushan Steel was up 15%, Yes Bank, Havells India, and NIIT Tech were up by nearly 10% each. Inflation for the week ended on Aug 18 was at 3.94% vs 4.10%; market estimate was at 3.94%. NSE Advance Decline ratio stood at 2:1. Total market turnover was at Rs 61122.05 crore vs Rs 92017 crore on Thursday (Expiry day).
This week, Sensex was up 6.2% or 894 points at 15318 while Nifty was up 6.5% or 275 points at 4464. Nifty Junior was up 8%, CNX Midcap Index was up 7.5% and BSE Small-cap Index was up 7.1%. BSE Metal Index was up 12.5% in which Tata Steel was up 18.3% and SAIL was up 15.4%. BSE Oil & Gas Index was up 8.5% in which RIL was up 10.4% and ONGC was up 6.7%. Bank Nifty was up 8% in which SBI was up 9.1%, ICICI Bank was up 6.5% and HDFC Bank was up 6.7%. Only Cipla ended in the red among Sensex stocks which was down by 2%.
In the currency market, Rupee appreciated by 51 bps at 40.95 while Yen appreciated by 21 bps at 116.3 (hits intra-day low of 116.53).
14 new stocks will be included in F&O from September 6. They are:
3i Infotech, Aptech, Bhushan Steel, Biocon, CMC, Havells India, Lakshmi Machines, NIIT Technologies, Nucleus Software, Sasken Communication, Tech Mahindra, Tulip IT Services, Welspun Gujarat, Yes Bank.
F&O Snapshot:
Nifty futures discount was at 42 points vs discount of 59 points yesterday. Nifty futures added 46.5 lakh shares in OI. Metal, Auto, Oil & Gas saw addition of long position. Mid Cap Banking stocks saw long buildup after good rolls yesterday. Sugar stocks saw fresh shorts (some profit booking after last weeks rally). Most sectors which saw strong rolls saw continued long build-up.
Long Position were seen in the following stocks:
Heavy Weights: RIL, RPL, ONGC (short covering)
Auto: TVS Motor, M&M, Tata Motor and Maruti Udyog
Steel: Tata Steel, SAIL
Banks: Vijaya Bank, Andhra Bank, Karnataka Bank, Federal Bank
Short Covering were seen in the following stocks:
DLF
Jindal Stainless
Patni Computers
Nicholas Piramal
Gateway Distriparks
IDFC
This week, Sensex was up 6.2% or 894 points at 15318 while Nifty was up 6.5% or 275 points at 4464. Nifty Junior was up 8%, CNX Midcap Index was up 7.5% and BSE Small-cap Index was up 7.1%. BSE Metal Index was up 12.5% in which Tata Steel was up 18.3% and SAIL was up 15.4%. BSE Oil & Gas Index was up 8.5% in which RIL was up 10.4% and ONGC was up 6.7%. Bank Nifty was up 8% in which SBI was up 9.1%, ICICI Bank was up 6.5% and HDFC Bank was up 6.7%. Only Cipla ended in the red among Sensex stocks which was down by 2%.
In the currency market, Rupee appreciated by 51 bps at 40.95 while Yen appreciated by 21 bps at 116.3 (hits intra-day low of 116.53).
14 new stocks will be included in F&O from September 6. They are:
3i Infotech, Aptech, Bhushan Steel, Biocon, CMC, Havells India, Lakshmi Machines, NIIT Technologies, Nucleus Software, Sasken Communication, Tech Mahindra, Tulip IT Services, Welspun Gujarat, Yes Bank.
F&O Snapshot:
Nifty futures discount was at 42 points vs discount of 59 points yesterday. Nifty futures added 46.5 lakh shares in OI. Metal, Auto, Oil & Gas saw addition of long position. Mid Cap Banking stocks saw long buildup after good rolls yesterday. Sugar stocks saw fresh shorts (some profit booking after last weeks rally). Most sectors which saw strong rolls saw continued long build-up.
Long Position were seen in the following stocks:
Heavy Weights: RIL, RPL, ONGC (short covering)
Auto: TVS Motor, M&M, Tata Motor and Maruti Udyog
Steel: Tata Steel, SAIL
Banks: Vijaya Bank, Andhra Bank, Karnataka Bank, Federal Bank
Short Covering were seen in the following stocks:
DLF
Jindal Stainless
Patni Computers
Nicholas Piramal
Gateway Distriparks
IDFC
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
