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Indian Stock Market Post Session Report, Dated 15/07/2011

admin — Fri, 15 Jul 2011 11:21:58 +0000

The domestic bourses ended the last trading session of the week on a lackluster note as the benchmark indices closed on a downbeat note after trading range-bound for the majority of the session. During morning trade, most of the major Asian indices were seen trading on a weak note amidst decline in prices of commodity stocks due to fall in oil and metal prices after the Fed Chairman Bernanke confirmed that the central bank has no immediate plans to extend fresh stimulus into the US economy. The Japanese stocks rallied as electronics retailer stocks were boosted by reports stating the government might revive subsidies to encourage consumers to buy energy-saving appliances.

Soon after opening on the higher side, the benchmark indices were seen surging higher. However, the benchmark Nifty faced resistance near the 5,630 mark and was pulled back thereon. It was dragged near the 5,560 mark as the Metal and Auto space faced selling pressure. As the day progressed the market entered a narrow range and was seen trading sideways for the rest of the session. The outstanding results from tech major TCS failed to uphold the market sentiment. However, the stock closed with more than 2% gains. Further, the lower than average monsoon figures further weighed on the domestic sentiment. The participants were looking forward to the European Banks’ stress test results which is dur tonight. The negative opening for the European markets had limited impact on the domestic sentiment.

In the sectoral front, the Metal, Auto and Realty space were the major losers during the session, declining by 0.85%, 0.59% and 0.54%, respectively. However, the IT space showed some resilience posting gains of 0.37%. Both the Nifty and Sensex were seen trading on a narrow range for the majority of the session and finally closed with moderate losses. The negative closing for the overnight US markets had limited impact on the domestic sentiment during morning trade. The Dow Jones Industrial Average (DJIA) closed with a loss of 54.49 or 0.44% at 12,437.12 while NASDAQ index finished down by 34.25 points or 1.22% to 2,762.67. The S&P 500 (SPX) closed lower by 8.85 points or 0.67% to 1,308.87.

Among the Sensex pack, 22 stocks ended in negative while only 8 stocks ended in the negative terrain. The overall market breadth also reflected similar weakness, as out of total 2,991 stocks traded on BSE, 1,472 stocks declined, whereas 1,384 stocks advanced and 135 stocks remained unchanged.

The BSE Sensex closed at 18,561.92 down by 56.28 points or by 0.30% and NSE Nifty closed at 5,581.10, lower by 18.70 points or by 0.33%. The BSE Midcap was at 7,006.75 lower by 7.83 points or by 0.11%, whereas the BSE SmallCap closed at 8,363.22, increasing by 6.83 points or by 0.08%. The BSE Sensex touched intraday high of 19,619.65 and intraday low of 18,513.22.

The top gainers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 1148.05,+2.03%), Mahindra & Mahindra Ltd. (Rs. 718.85,+0.83%), Wipro Ltd. (Rs. 414.60,+0.74%), Reliance Industries Ltd. (Rs. 873.30,+0.74%) and HDFC Bank Ltd. (Rs. 509.00,+0.61%), among others.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 1036.15,-2.61%), Sterlite Industries (India) Ltd. (Rs. 163.05,-2.01%), Oil And Natural Gas Corporation Ltd. (Rs. 278.15,-1.94%), Cipla Ltd. (Rs. 324.00,-1.58%) and Tata Power Company Ltd. (Rs. 1258.05,-1.33%), among others.

In the economic front, the Department of Fertilisers (DoF) has raised concerns to the Ministry of External Affairs (MEA) over the inability of Indian companies to import potash. The increase in prices of commodities in international market forcing the Indian companies to not to import.

India’s monsoon slipped into the red this week after an upbeat seasonal start, as the country received 3% deficient rains since its onset in June. As per statistics released by the India Meteorological Department, eight of the 36 sub-divisions had received deficient rainfall in the month of June when it is an important sowing time for farmers. For the week ending July 13, the monsoon rains were 19% below normal. However, the weather office has presented an outlook of fairly widespread rainfall over many parts of the country barring southeast peninsula for the next five days.

On the global markets front, the major indices in Asia closed on mixed note. The Taiwan Weighted, Nikkei225 and Shanghai Composite advanced by 1.10% at 8,574.91, 0.39% at 9,974.47 and 0.35% at 2,820.17. On the flipside, the Hang Seng, Straits Times and KLSE Composite declined by 0.30% at 21,875.38, 0.14% at 3,084.24 and 0.16% at 1,577.25, respectively.

The European markets were trading on a negative note. Key benchmark indices like – FTSE 100 declined by 0.04% at 5,844.72, in Frankfurt, the DAX index was trading lower by 0.22% at 7,198.94 and the CAC 40 index was trading down by 0.40% at 3,736.35.

The BSE Metal index was at 14610.04 down by 125.22 points or by 0.85%. The major losers were Sesa Goa Ltd. (Rs. 290.00,-2.16%), Sterlite Industries (India) Ltd. (Rs. 163.05,-2.01%), Welspun Corp Ltd. (Rs. 164.85,-1.88%), Jindal Saw Ltd. (Rs. 160.55,-1.29%) and National Aluminium Company Ltd. (Rs. 81.00,-1.10%).

The BSE Auto index was at 8993.51 down by 53.55 points or by 0.59%. The major losers were Tata Motors Ltd. (Rs. 1036.15,-2.61%), Amtek Auto Ltd. (Rs. 159.70,-1.33%), Hero Honda Motors Ltd. (Rs. 1829.00,-1.28%), Bharat Forge Ltd. (Rs. 335.65,-0.89%) and Bajaj Auto Ltd. (Rs. 1418.80,-0.85%).

On the corporate front, shares of TCS Ltd surged by 2.03% at RS 1,148.05, after the company announced its results for Q1 of FY 12. It has reported a net profit of Rs 20,624.30 million for the quarter ended June 30, 2011 as compared to Rs 15,564.10 million for the quarter ended June 30, 2010. The stock of TCS is currently trading at Rs. 1,155.00 up by 2.64%.

Market trades range bound below baseline Jul-15-2011 14:29

admin — Fri, 15 Jul 2011 08:59:47 +0000

The Indian benchmark indices were trading in narrow range in negative terrain on the back of negative cues from global scenario. On European front, stocks were seen lower on the back of worries over US debt, as Standard & Poor has also taken US credit rating under watch and Federal chief Ben Bernanke has deflated the hopes of any new stimulus in economy, which also weighed the sentiments of investors. On domestic front, the data released by India Meteorological Department showing lower than expected monsoon in country leading the sensex to remain below the base line. However, the outstanding performance by IT giant TCS in Q1 of FY12 was supporting the market at bottom line.

At 2:22PM BSE SENSEX was at 18,564.1 down by -54.1 points or by -0.29% and then NSE Nifty was at 5,583.1 down by -16.7 points or by -0.3%.

The BSE MIDCAP was at 7,009.41 down by -5.17 points or by -0.07%, while the BSE SMLCAP was at 8,374.73 up by 18.34 points or by 0.22%.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 1,040.00,-2.25%), Cipla Ltd. (Rs. 324.00,-1.58%), Sterlite Industries (India) Ltd. (Rs. 163.85,-1.53%), Hero Honda Motors Ltd. (Rs. 1,825.20,-1.49%), Oil And Natural Gas Corporation Ltd. (Rs. 279.80,-1.36%), among others.

In BSE, BSE Metal index was at 14,611.51 down by -123.75 points or by -0.84%. Jindal Saw Ltd. (Rs. 160.05,-1.60%), Sterlite Industries (India) Ltd. (Rs. 163.85,-1.53%), Sesa Goa Ltd. (Rs. 292.05,-1.47%), Welspun Corp Ltd. (Rs. 165.70,-1.37%) and Hindustan Zinc Ltd. (Rs. 133.15,-0.71%),.

On economic front, India Meteorological Department has revealed that country has received 3% deficient rains since its onset in June. Although the monsoon in June was above than average but For the week ending July 13, the monsoon rains were 19% below normal.

On the global markets front, Asian stocks remained mixed, and the European stocks opened lower on the back of negative cues from US front. In major indices, DAX was trading low by 0.54%, CAC 40 trading low by 0.51%, and FTSE 100 low by 0.40%.

Market trading rangebound on a weak note Jul-15-2011 13:29

admin — Fri, 15 Jul 2011 07:59:30 +0000

The domestic bourses were seen trading on a narrow range, while continued to show signs of weakness. The outstanding results from tech major TCS failed to uphold the market sentiment. Despite of it paring some of the morning losses, TCS was still trading higher by more than 2%. The lower than average monsoon figures further weighed on the domestic sentiment. In the sectorial front, the Realty, Metal and Auto space were looking weak. The overall market breadth turned negative, as out of total shares traded, 1406 stocks declined whereas 1256 stocks advanced and 112 remained unchanged.

At 1:30PM BSE SENSEX was at 18557.11 down by 61.09 points or by 0.33% and the NSE Nifty was at 5574.25 down by 25.55 points or by 0.46%.

The BSE MIDCAP was at 7004.21 down by 10.37 points or by 0.15%, while the BSE SMALLCAP was at 8370.17 up by 13.78 points or by 0.16%.

The top losers of the BSE Sensex pack were Cipla Ltd. (Rs. 322.90,-1.91%), Tata Motors Ltd. (Rs. 1043.80,-1.89%), Sterlite Industries (India) Ltd. (Rs. 163.25,-1.89%), Reliance Communications Ltd. (Rs. 95.50,-1.39%) and Oil & Natural Gas Corporation Ltd. (Rs. 279.70,-1.39%), among others.

In the economic front, India’s monsoon slipped into the red this week after an upbeat seasonal start, as the country received 3% deficient rains since its onset in June. As per statistics released by the India Meteorological Department, eight of the 36 sub-divisions had received deficient rainfall in the month of June when it is an important sowing time for farmers. For the week ending July 13, the monsoon rains were 19% below normal. However, the weather office has presented an outlook of fairly widespread rainfall over many parts of the country barring southeast peninsula for the next five days.

The BSE Realty index was at 2179.48 down by 18.98 points or by 0.86%. The major gainers were Anant Raj Industries Ltd. (Rs. 83.90,-6.05%), D B Realty Ltd. (Rs. 81.10,-1.82%), Housing Development & Infrastructure Ltd. (Rs. 160.65,-1.74%), Orbit Corporation Ltd. (Rs. 42.65,-1.73%) and DLF Ltd. (Rs. 230.90,-1.32%).

On corporate front, shares of Bajaj Auto Ltd declined by 1.14% at Ra 1414.65, after the company reported that it has put on hold its plans to develop a low-cost car in India for Renault SA and Nissan Motor Co.

Indian Stock Market Mid Session Jul-15-2011 12:35

admin — Fri, 15 Jul 2011 07:05:57 +0000

The Indian benchmark indices were trading in negative terrain showing volatility below baseline. The negative sentiments from US after standard & poor’s warning to AAA credit rating of US were weighing the sentiments of investors. On the flipside the better quarterly result from IT giant TCS pulling the sensex to breach the baseline. Market hit the day at positive note but soon lost the momentum on negative global cues.

The broader market indices were exhibiting mixed trend as BSE Mid Cap low by 0.06% while BSE Small Cap up by 0.24%. The key benchmark indices were trading at BSE 30-share Sensex above the 18,550 mark, while Nifty was trading at the 5,570 mark.

At 12:25PM BSE SENSEX was at 18554.06 down by -64.14 points or by -0.34 % and then NSE Nifty was at 5575.1 down by -24.7 points or by -0.44 %.

The BSE MIDCAP was at 7011.5 down by -3.08 points or by -0.04 %. while the BSE SMLCAP was at 8375.51 up by 19.12 points or by 0.23 %.

On the economic front, The Department of Fertilisers (DoF) has raised concerns to the Ministry of External Affairs (MEA) over the inability of Indian companies to import potash. The increase in prices of commodities in international market forcing the Indian companies to not to import.

On the corporate front, Bajaj Auto Ltd has put on hold its plans to develop a low-cost car in India for Renault SA and Nissan Motor Co, the reason of putting the project on hold is that it is commercially difficult to implement. Currently the stock of Bajaj Auto Ltd. is trading at Rs. 1,415.00 low by 1.11%.

The overall market breadth was negative as 1,315 stocks were declined while 1,231 stocks were advanced and 107 remained unchanged on BSE.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 1042.95,-1.97%), Cipla Ltd. (Rs. 323.10,-1.85%), Sterlite Industries (India) Ltd. (Rs. 163.55,-1.71%), Oil And Natural Gas Corporation Ltd. (Rs. 279.65,-1.41%), Hero Honda Motors Ltd. (Rs. 1827.75,-1.35%), among others.

In BSE, BSE Auto index was at 8975.75 down by -71.31 points or by -0.79%. Tata Motors Ltd. (Rs. 1042.95,-1.97%), Hero Honda Motors Ltd. (Rs. 1827.75,-1.35%), Bajaj Auto Ltd. (Rs. 1414.90,-1.12%), Bharat Forge Ltd. (Rs. 335.50,-0.93%) and Maruti Suzuki India Ltd. (Rs. 1165.20,-0.90%).

In BSE, BSE Metal index was at 14623.35 down by -111.91 points or by -0.76%. Sterlite Industries (India) Ltd. (Rs. 163.55,-1.71%), Sesa Goa Ltd. (Rs. 292.00,-1.48%), Jindal Saw Ltd. (Rs. 160.50,-1.32%), Hindustan Zinc Ltd. (Rs. 132.45,-1.23%) and Welspun Corp Ltd. (Rs. 166.20,-1.07%). Most of the Asian indices were exhibiting mixed trend on the back of tensed global scenario, as Standard & Poor also put AAA rating of US under watch. In the major Indices, Nikkei225 and Taiwan Weighted were trading up by 0.39%, 1.10%, respectively while Hang Seng was trading low by 0.47%.

The Indian stock market recovered mildly Jul-15-2011 11:37

admin — Fri, 15 Jul 2011 06:07:48 +0000

The domestic bourses were seen paring off some of the losses backed strength in IT major TCS after it posted outstanding earnings last evening. The stock surged by more than 2.50%. However, the market was still short of the baseline with the Auto and Metal space trading weak. The market breadth, indicating the overall health of the market was positive. On BSE out of total shares traded, shares advanced were 1282 while 1132 shares declined and 98 were unchanged.

The top losers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs. 163.15,-1.95%), Tata Motors Ltd. (Rs. 1046.65,-1.63%), Hero Honda Motors Ltd. (Rs. 1824.10,-1.55%), Cipla Ltd. (Rs. 324.75,-1.35%), Bajaj Auto Ltd. (Rs. 1413.55,-1.22%), among others.

At 11:29AM BSE SENSEX was at 18598.43 down by 19.77 points or by 0.11% and the NSE Nifty was at 5580.05 down by 19.75 points or by 0.35%.

The BSE MIDCAP was at 7016.22 up by 1.64 points or by 0.02%, while the BSE SMALLCAP was at 8376.63 up by 20.24 points or by 0.24%.

On the corporate front, shares of Suzlon Energy Ltd increased by 0.70% at Rs 50.30, after the company reported that it has bagged a 100 MW order from Orient Green Power Company Ltd.

The BSE Auto index was at 8,987.78 down by 59.28 points or by 0.66%. The major losers were Tata Motors Ltd. (Rs. 1046.65,-1.63%), Hero Honda Motors Ltd. (Rs. 1824.10,-1.55%), Bajaj Auto Ltd. (Rs. 1413.55,-1.22%), Bharat Forge Ltd. (Rs. 335.40,-0.96%) and Maruti Suzuki India Ltd. (Rs. 1167.80,-0.68%).

The Indian stock markets trades in negative terrain Jul-15-2011 10:37

admin — Fri, 15 Jul 2011 05:07:19 +0000

The Indian benchmark indices were trading in negative terrain tracking strong negative cues from US. After the warning of Moody on US credit rating, Standard & Poor also put AAA rating of US under watch, which weighs on the sentiments of investors. On Asian front, Asian stocks were exhibiting mixed trend. Back on domestic front, market belled the day at positive note but soon it lost the momentum and touch the day’s low and trading near the baseline amid investors were trading cautiously after the announcement of better results by IT giant TCS yesterday. The heavy selling in Auto and metal spaces were leading sensex to trade below baseline. Cipla, Tata Motors and Hero Honda were the main losers from sensex pack as all these were trading low by more than 1.5%.

The overall market breadth was negative as 1,222 stocks were declining, while 870 were advanced and 92 remain unchanged.

At 10:29AM BSE SENSEX was at 18,578.1 down by -40.1 points or by -0.22% and then NSE Nifty was at 5,591.45 down by -8.35 points or by -0.15%.

The BSE MIDCAP was at 7,014.17 down by -0.41 points or by -0.01%, while the BSE SMLCAP was at 8,380.55 up by 24.16 points or by 0.29%.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 1,045.80,-1.71%), Cipla Ltd. (Rs. 323.90,-1.61%), Hero Honda Motors Ltd. (Rs. 1,824.50,-1.53%), Sterlite Industries (India) Ltd. (Rs. 164.00,-1.44%), Bajaj Auto Ltd. (Rs. 1,411.00,-1.39%), among others.

In BSE, BSE Auto index was at 8,974.29 down by -72.77 points or by -0.8%. Tata Motors Ltd. (Rs. 1,045.80,-1.71%), Hero Honda Motors Ltd. (Rs. 1,824.50,-1.53%), Bajaj Auto Ltd. (Rs. 1,411.00,-1.39%), Apollo Tyres Ltd. (Rs. 78.80,-1.07%) and Bharat Forge Ltd. (Rs. 335.05,-1.06%).

On Corporate front, the stocks of TCS were trading up as yesterday it announced its results for Q1 of FY 12. Company has reported a net profit of Rs 20,624.30 million for the quarter ended June 30, 2011 as compared to Rs 15,564.10 million for the quarter ended June 30, 2010. The stock of TCS is currently trading at Rs. 1,155.00 up by 2.64%.

Most of the Asian indices were exhibiting mixed trend on the back of tensed global scenario, as Standard & Poor also put AAA rating of US under watch. In the major Indices, Nikkei225 and Taiwan Weighted were trading up by 0.10%, 1.09%, respectively while Hang Seng was trading low by 0.26%.