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Markets end marginally down amid volatile trade

Friday, September 7, 2007

Sensex went down 26 points at 15590; Nifty went down 9 points at 4509. CNX Midcap Index ends flat; BSE Small-cap Index up 0.45%, Nifty Junior down 1.2%. BSE Realty, Auto Index went down 1%, BSE FMCG Index up 0.72%.

Index Gainers were Sun Pharma up 2.9% Hero Honda up 2.4%, Nalco up 2.2%. Index Losers were Zee Ent down 3.3%, Cipla down 2.4%, Tata Motors, M&M down 2.3% each.

NSE Advance Decline ratio at 5:6. Total market turnover at Rs 53502.45 vs Rs 55494.52 cr on Thursday Inflation for week ended Aug 25 at 3.79% Vs 3.94%; market estimate at 3.89%

MARKETS THIS WEEK
Sensex went up 1.77%, Nifty went up 1%. CNX Mid-cap Index up 2.7%, BSE Small-cap Index up 4.63%. All BSE Sectoral Indices end in the green. BSE Healthcare, MCG Indices up 3.7% each BSE Bank Index up 3%, BSE IT, Cap Goods Indices up 1.5% each Pharma stocks: Sun Pharma up 8.7%, Cipla up 8.3%, Ranbaxy up 4.5%

Index Gainers; Jet Airways up 11.7%, REL up 9.1%, Grasim up 7.9%. Index Losers Bharti Airtel down 3.6%, GSK Pharma down 3%, ONGC down 1%

Midcap Gainers- Decolight Ceramics up 45%, KS Oil up 35%, GIPCO up 25% Midcap Gainers- Bank Of Raj, Noida Toll Bridge up 25% each, NIIT up 22%

CURRENCY MOVEMENT
Rupee appreciates by 25 bps at 40.69 (hits intra-day low of 40.75)
Yen appreciates by 7 bps at 115.14 (hits intra-day high of 114.91)

F&O SNAPSHOT
Nifty futures discount widens to 31 points vs 15 points as of yesterday
Nifty futures add 19.15 lakh shares in OI
Nifty futures turnover at nearly 25% of total FNO turnover
Long positions were seen in Petronet LNG, Punj Lloyd, Bongaigaon Refinery
Rolta stands out as stock has started recovering from level of Rs 410 (when recovery started)
Long unwinding seen in Realty stocks: GMR Infra, Unitech
New Entrants: Yes Bank, Tech Mah, 3i Infotech, Sasken, Tulip IT see low volumes and some profit booking

Long Positions
Liquid stocks: Petronet LNG, Punj Lloyd, Bongaigaon Refinery
Rolta up 7.5%; add 1.43 lakh shares in OI
Mid-cap Banks: Karnataka Bank, Allahabad Bank
Other stocks: Adlabs, Voltas, Divi’s, SRF, Jet Airways

Long Unwinding
Realty stocks: GMR Infra, Unitech, and Lanco
Other stocks: TTML, IDBI, India Cements, SAIL, PFC, Alstom

Short Covering
GE Shipping, Crompton Greaves, Chennai Petroleum, EKC, Matrix

BUZZING STOCKS
Aptech: recent inclusion in FNO
Tourism Fin Corp: looking to infuse capital via fresh equity of shares
Bartronics: to raise $50mn via FCCBs/GDRs
NIIT: reports that NIIT looking to offload 25% stake in NIIT Tech
Bank of Rajasthan: looking to raise Rs 75-80 cr Via placement to BNP Paribas
Noida Toll Bridge: Delhi land bank in excess of 200 acres
Saregama: Reliance MF has recently picked 7% stake

LOSERS TODAY
Welspun Gujarat, Patni, GMR Infra, Aksh Optifibre, Alps, Assam Co, Tulip IT.

Posted by FR at 8:02 PM  

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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.