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Monday, February 01, 2010

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Nifty February 2010 futures above 4,900


Turnover declines

Nifty February 2010 futures were at 4,901, at a premium of 1.30 points as compared to the spot closing of 4,899.70. Turnover in NSE's futures & options (F&O) segment was Rs 60,383.27 crore, sharply lower than Rs 92,503.91 crore on Friday, 29 January 2010.

Jindal Steel & Power February 2010 futures were at premium at 656 compared to the spot closing of 653.85.

Unitech February 2010 futures were near spot price at 76.50 compared to the spot closing of 76.20.

Tata Motors February 2010 futures were at discount at 714.50 compared to the spot closing of 717.45.

In the cash market, the S&P CNX Nifty rose 17.65 points or 0.36% at 4899.70.

Asian markets starts February with little optimism


Shanghai, Sydney edge lower while Hang Seng, Nikkei finish higher

Stock markets in Asian region closed mixed on Monday, 1 February 2010, with Friday's negative close on Wall Street amid renewed concerns about the quality of economic recovery hurting sentiment to a significant extent. Though some of the markets edged up a bit in early trades, lack of support at higher levels has pushed them down notably into negative territory.

On Wall Street, stocks registered drop for the third consecutive week. It was mainly due to a sell off during the last two days of the week that stocks suffered losses for the week. Earning reports dominated the week but the positive ones also failed to cheer investors. The Dow Jones Industrial Average ended lower by 53.13 points at 10,067.33. Nasdaq ended lower by 31.65 points at 2147.35. S&P 500 ended lower by 10.66 points at 1073.87.

In the commodity market, crude oil was little changed after falling for four days, as speculation mounted that China will rein in record lending growth, crimping demand from the world’s second- biggest energy consumer.

Crude oil for March delivery was at $73.12 a barrel in electronic trading on the New York Mercantile Exchange, up 23 cents, at 9:51 a.m. London time. The contract earlier fell as much as 40 cents, or 0.6%. On 29 January 2010, it fell 1% to $72.89, the lowest settlement since 21 December 2009.

Brent crude oil for March settlement was at $71.75 a barrel on the London-based ICE Futures Europe exchange, up 29 cents, at 9:51 a.m. local time. The contract earlier fell as much as 33 cents, or 0.5%. On 29 January 2010, it slipped 0.9% to $71.46, the lowest settlement since 12 October 2009.

Gold, little changed in London today, may rise for the first time in a week as a pause in the dollar’s rally spurs demand for the metal as an alternative investment. Gold for immediate delivery added $2.10, or 0.2%, to $1,082.95 an ounce at 9:46 a.m. London time. Bullion for April delivery was 30 cents lower at $1,083.50 on the New York Mercantile Exchange’s Comex unit.

In the currency market, the US dollar and yen strengthen as the week starts on risk aversion as Asian stocks were broadly lower following Friday's late sell off in US equities. There were also some concerns on more tightening from China after release of PMI manufacturing data.

The Japanese yen strengthened against major counterparts on Monday on persisting concerns about financial stability in Europe increasing demand for Japan’s currency as a refuge. Japan’s currency yen was quoted at 90.02 against the greenback.

The Hong Kong dollar was trading at HK$ 7.7688 against the dollar. Actually the Hong Kong dollar is pegged at HK$ 7.8 to the U.S. dollar but can trade between HK$ 7.75 and HK$7.85 to the U.S. dollar.

In Sydney trades, the Australian dollar fell against a firmer US dollar as investors unwound yen-funded carry trades, in part on general risk aversion and talk regulators might eventually take aim at the carry trade business. At the local close, the dollar was trading at $US0.8832, down from $US0.8893 on Friday. The dollar had shed a cent in overseas trade on Friday to a five-week low of $US0.8775 when the US dollar got a lift from upbeat US economic data.

In Wellington trades, the New Zealand dollar tested the US70c level at the start and the end of a mixed session today. The NZ dollar was at US 70.02 cents at 5 pm from US 70.19 cents at 8 am and US 70.43 cents at 5pm on Friday.

The South Korean won closed at 1169.50 won to the greenback, down from Friday 1161.80 won.

The Taiwan dollar weakened against the greenback. The Taiwan dollar was trading higher against the US dollar at NT$ 32.1010, 0.1010 down from Friday’s close of NT$31.9900.

In equities, Asian markets ended mixed Monday as losses on Wall Street and worries about monetary tightening in the region weighed on sentiment.

In Japan, the share market finished the choppy trade in mixed terrain, as players picked up heavily battered shares and the companies that reported bullish earning. Trading was sluggish as weaker Asian bourses and disappointed earning forecast from Toshiba Corporation and on weaker commodities prices renew risk aversion mood. At the closing bell, the Nikkei 225 Stock Average index was at 10,205.02, rose 6.98 points or 0.07%, while the broader Topix of all First Section issues on the Tokyo Stock Exchange fell 2.51 points, or 0.28%, to 898.61.

On the economic front, the Japan Automobile Dealers Association said that Japan's vehicle sales, excluding mini vehicles, surged 36.8% year-on-year to 238,362 in January.

In Mainland China, the stock market continued last week decline, with key Shanghai index plummeted on Monday, the lowest since October, on heavy selling across the sectors triggered by mounting concerns over more tightening from the government to prevent the economy from overheating after the two separate survey data showed the country’s economy sustained its manufacturing expansion in January as export orders jumped and inflation pressures grew. The falls was also fueled on fears that the stronger US dollar might trigger a capital exodus from emerging markets.

At the closing bell, the Shanghai Composite Index, measuring A shares and B shares on the Shanghai Stock Exchange, retreated 47.93 points, or 1.6%, to 2,941.36, while the Shenzhen Component Index on the smaller Shenzhen Stock Exchange dropped 148.10 points, or 1.22%, to 11,989.11. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, succumbed 1.61%, to 3,152.71.

On the economic front, the HSBC Purchasing Managers' Index of China's manufacturing sector stood at 55.8% in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing said on Monday. Despite a moderate slowdown, the figure has been above 50 percent, the threshold indicating expansion for 11 consecutive months.

In Australia, the share market fell on Monday after treading water in morning, burdened by risk aversion on lingering worries over financial stability in Europe and other external uncertainties ranging from US banking reform to monetary tightening in emerging economies. Selling was intensified in afternoon after weaker than expected jobs data rattled investor confidence in the sustainability of economic growth. At the closing bell, the benchmark S&P/ASX200 index slipped 45.50 points, or 1%, to 4,524.10, meanwhile the broader All Ordinaries slid 52.10 points, or 1.13%, to 4,544.80.

On the economic front, the PMI, a measure of manufacturing, rose 2.5 points to 51 in January. The 50-point mark is the barrier between expansion and contraction. The growth was driven by a rise among construction materials and coal mining stocks the report concluded.

The Australian Bureau of Statistics said Monday an index measuring the weighted average of prices for established houses in the eight capital cities climbed 5.2%

The ANZ Job Advertisements Series released today showed the total number of jobs advertised in major metropolitan newspapers and on the internet fell by seasonally adjusted 8.1% in January to an average of 134,106 per week after growing 4.6% in December and 5.2% in November, according to ANZ Banking Group's monthly survey.

In New Zealand, equities started the day slightly easier to commence the month of February in the negative region. The benchmark index slipped deeper into the red region towards the end of the day. At the closing today, the NZX 50 lost 0.43% or 13.69 points to 3150.97. Meanwhile, the NZX 15 declined by 0.55% or 30.96 points to close at 5678.54.

On the economic front, the price of commodities that New Zealand exports lifted a little in January, even though dairy prices recorded the first fall in seven months. The ANZ Commodity Price Index, which is weighted based on contributions to merchandise exports, lifted 0.4 percent in January. The index has risen for 11 consecutive months and is up 36.5 percent from a year ago.

In South Korea, stocks closed higher on market expectations that a massive recall of vehicles by Toyota Motor Company will benefit Korean automakers. After range-bound trading, the benchmark Korea Composite Stock Price Index (KOSPI) gained 4.01 points to 1,606.44.

In Singapore, the share market finished choppy trading session edge lower as investors discouraged by weaker Asian market and pullback in commodities prices. Players were cautious on increasing uncertainty about the stability of the global economy; although losses were limited amid some of buying interest emerged as 5.3% pullback in January make stocks valuation attractive. At the end of today’s trade, the blue chip Straits Times Index was at 2,736.17, fell 9.18 points or 0.33%.

In Philippines, the stock market closed lower as investors mimicked global markets, which in turn spurred a massive selling of key heavy weight stocks. Moreover, investors took cues from the Wall Street's disappointing performance last Friday. Investors also continued to fret over US government plans to reduce risk taking among banks. At the final bell, he benchmark index PSEi declined 2.36% or 69.98 points to 2,883.21, while the All Shares index fell 1.96% or 37.10 points to 1,848.39.

In India, the key benchmark indices provisionally closed with small to decent gains after a strong intraday rebound triggered by upbeat economic data. The latest data showed the manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010. The BSE 30-share Sensex inched lower by 1.93 points or 0.01% to 16,356.03. The S&P CNX Nifty was up 17.65 points or 0.36% to 4899.70.

On the economic front, India's exports rose an annual 9.3% in December to $14.6 billion, the second consecutive rise after 13 straight months of decline, the government said today. Imports rose 27.2% from a year earlier to $24.75 billion. Exports for April-December, the first nine months of the 2009/10 fiscal year, were down 20.3% at $117.59 billion from the same period in the previous year.

India's manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010, boosted by a sharp rise in new export orders that underpin a recovery in the industrial sector, a survey showed. The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian companies, rose to 57.7 in January 2010, its strongest reading since August 2008 and up from 55.6 in December 2009. A reading above 50 means activity is expanding. The new orders index rose to 62.9 from December's 60.1.

Elsewhere, Malaysia’s Kula Lumpur Composite index finished slightly lower at 1259.79 while stock markets in Indonesia’s Jakarta Composite index fell by 23.25 points ending the day lower at 2587.55.

In other regional equities, European shares started February in the red, extending year-to-date weakness, with losses from media firm Vivendi adding pressure on Monday. It was a more mixed picture on the regional level, with the U.K. FTSE 100 index up 0.2% or 10.39 points at 5,199 and the German DAX index up 0.1% at 5,614.02, while the French CAC-40 index declined 0.31% or 9.61 points to 3,730

Markets wrap on a flat note


The Sensex ended on a flat note with negative bias amid weak global cues for the third consecutive session. Consumer durables surged the most followed by healthcare, auto and metal stocks while FMCG, IT and banking stocks traded lower. Auto stocks gained on robust sales figures.

The Sensex started off in the negative following weak global cues and continued to trade in the red on sustained selling in index heavyweights. However the market in the second half made a smart recovery amid volatility and finally closed in the red after touching a high of 16,422.40 and low of 16,160.80.

On global front, European stocks retreated amid concern China will take further measures to prevent its economy from overheating. US index futures gained. Whereas Asian stocks ended mixed today. Few of the stocks dropped, extending the MSCI Asia Pacific Index`s January decline, as concern grew China will take more steps to prevent the economy from overheating.

At the close, the 30-share benchmark index, BSE Sensex ended flat with a decline of 1.93 points or 0.01% at 16,356.03, 9 components posting drop. Meanwhile, the broad based NSE Nifty climbed by 17.65 or 0.36% at 4,899.70 with 36 components registering rise.

Sensex Movers

Infosys Technologies contributed fall of 18.03 points in the Sensex. It was followed by State Bank Of India (13.84 points), HDFC Bank (13.2 points), ITC (12.68 points) and Hindustan Unilever (10.23 points).

However, Tata Motors contributed rise of 10.18 points in the Sensex. It was followed by Wipro (8.29 points), Mahindra & Mahindra (8.25 points), Tata Consultancy Services (8.06 points) and Tata Steel (8.05 points).



Biggest gainers in the 30-share index were Tata Motors (3.56%), Wipro (3.13%), Grasim Industries (3.10%), Mahindra & Mahindra (2.70%), Sun Pharmaceutical Industries (2.59%), and Reliance Communications (2.33%).

On the other hand, Hindustan Unilever (2.87%), State Bank Of India (1.79%), Reliance Capital (1.70%), HDFC Bank (1.57%), I T C (1.54%), and NTPC (1.40%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 1.81% and 2.72% respectively.

The major gainers in the BSE Midcap were Core Projects and Technologies (5.07%), Reliance MediaWorks (2.76%), A I A Engineering (0.32%), Allahabad Bank (0.21%) and Alfa-Laval (India) (0.03%).

The major gainers in the BSE Smallcap were INEOS ABS (India) (9.52%), Aarti Industries (5.53%), Abhishek Industries (5.18%), A B G Shipyard (4.98%) and A B G Infralogistics (0.7%).

Sectors in Limelight

The Consumer Durables index was at 4,015.90, up by 216.61 points or by 5.70%. The major gainers were Titan Industries (13.67%), Rajesh Exports (2.85%), Gitanjali Gems (2.27%) and Videocon Industries (1.66%).

The HC index was at 4,886.44, up by 121.30 points or by 2.55%. The major gainers were Bilcare (9.43%), Aurobindo Pharma (5.5%), Apollo Hospitals Enterprise (4.12%), Cipla (2.76%) and Biocon (0.26%).

The Auto index was at 7,070.85, up by 117.65 points or by 1.69%. The major gainers were Apollo Tyres (7.18%), Ashok Leyland (3.2%), Bharat Forge (2.55%), Exide Industries (0.94%) and Amtek Auto (0.82%).

On the other hand, the FMCG index was at 2,707.48, down by 17.9 points or by 0.66%. The major losers were Hindustan Unilever (2.87%), I T C (1.54%) and Nestle India (0.38%).

Market Breadth

Market breadth was positive with 2,176 advances against 717 declines.

Value and Volume Toppers

Tata Steel topped the value chart on the BSE with a turnover of Rs. 1,106.97 million. It was followed by Unitech (Rs. 1,070.19 million), State Bank Of India (Rs. 1,054.75 million) and Tata Motors (Rs. 953.15 million).

The volume chart was led by Dynamic Infotel with trades of over 19.93 million shares. It was followed by Unitech (14.08 million), Suzlon Energy (11.12 million) and Spicejet (7.32 million).

BSE Bulk Deals to Watch - Feb 1 2010


Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
1/2/2010 533022 20 Microns MEHTA NEMISH JAYKISHOR B 121407 52.02
1/2/2010 533022 20 Microns DB (INTL) OWN TRADING B 94101 52.96
1/2/2010 533022 20 Microns KANCHAN CHHABRA B 81459 55.03
1/2/2010 533022 20 Microns MEHTA NEMISH JAYKISHOR S 123551 52.25
1/2/2010 533022 20 Microns DB (INTL) OWN TRADING S 94101 52.97
1/2/2010 533022 20 Microns KANCHAN CHHABRA S 155849 53.85
1/2/2010 530513 Accurate Trans DHEERAJ LOHIA B 17220 72.35
1/2/2010 530513 Accurate Trans JAY K PANDYA S 17520 72.27
1/2/2010 517356 ACI Infocom PRAMILADEVI BOTHRA B 50000 14.25
1/2/2010 517356 ACI Infocom ALOK GUPTA S 365000 14.47
1/2/2010 530901 ACIL Cot Inds NILESH KRUSHNA PALANDE B 138758 14.35
1/2/2010 530901 ACIL Cot Inds SREE RAM PLYWOOD MANUFACTURING COMPANY PRIVATE LIMITED S 150000 14.35
1/2/2010 530901 ACIL Cot Inds MESSRS SHREEKANT PHUMBHRA S 100000 14.41
1/2/2010 532166 Alka Securities HARSHVARDHAN JAIN B 550024 3.66
1/2/2010 530375 Ancent Soft ROHIT REDDY S 30000 3.53
1/2/2010 532047 Asian Films MOONGIPA FINVEST LTD. B 844638 0.48
1/2/2010 532759 Atlanta PRIMORE SOLUTIONS PVT.LTD B 87493 197.82
1/2/2010 532759 Atlanta OPG SECURITIES P LTD B 124884 200.97
1/2/2010 532759 Atlanta OPG SECURITIES P LTD S 124884 200.90
1/2/2010 505506 Axon Infotech KESHARICHAND NEMICHAND JAIN B 3800 24.00
1/2/2010 505506 Axon Infotech DEEPAK HARIDASMAL VADE S 11000 24.00
1/2/2010 532380 Baba Arts AJAY DURGADAS ACHARYA S 350000 12.04
1/2/2010 531591 Bampsl Sec GIRRAJPRASAD GUPTA B 639231 0.96
1/2/2010 531591 Bampsl Sec KAUSHALYA GARG S 500000 0.97
1/2/2010 531590 Bilpower NIKUNJ ALLOYS AND STEEL PRIVATE LIMITED S 78000 188.75
1/2/2010 511607 Birla Shloka PARAM COMMODITIES PVT.LTD. B 200000 50.00
1/2/2010 511607 Birla Shloka NIDHI JALAN B 76000 49.88
1/2/2010 511607 Birla Shloka BELA JALAN B 96500 49.52
1/2/2010 511607 Birla Shloka ADITI JALAN B 92000 49.97
1/2/2010 511607 Birla Shloka APURVA COMMODITIES PRIVATE LIM S 123500 50.00
1/2/2010 531723 Brilliant Sec DORA BABUPENUMARTHI S 40000 23.00
1/2/2010 590076 Camson Bio SANATAN HERBAL AND NATURALS LIMITED S 107000 105.00
1/2/2010 533026 Chemcel Bio SUNIL MALOO S 225000 9.67
1/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. B 159667 65.62
1/2/2010 590024 Fert & Chem Trv A K G STOCK BROKERS PRIVATE LIMITED B 31100 65.18
1/2/2010 590024 Fert & Chem Trv R B K SHARE BROKING LIMITED B 41797 65.39
1/2/2010 590024 Fert & Chem Trv LATIN MANHARLAL SEC.PVT.LTD. B 126784 65.79
1/2/2010 590024 Fert & Chem Trv BP FINTRADE PRIVATE LIMITED B 31330 65.47
1/2/2010 590024 Fert & Chem Trv TRANSGLOBAL SECURITIES LTD. S 159469 65.73
1/2/2010 590024 Fert & Chem Trv A K G STOCK BROKERS PRIVATE LIMITED S 31100 65.32
1/2/2010 590024 Fert & Chem Trv ANGEL INFIN PRIVATE LIMITED S 32559 64.39
1/2/2010 590024 Fert & Chem Trv LATIN MANHARLAL SEC.PVT.LTD. S 126784 65.88
1/2/2010 590024 Fert & Chem Trv WALLFORT FINANCIAL SERVICES LTD S 50000 64.64
1/2/2010 590024 Fert & Chem Trv BP FINTRADE PRIVATE LIMITED S 36891 65.23
1/2/2010 532938 Future Capital SAMEER SUSHIL SAIN S 330000 184.89
1/2/2010 532139 G Tech Info MUNIR ABDULLATIF GAZI S 1000000 4.15
1/2/2010 505576 Goldcrest Fin PADMAKSHI EDUCATION PVT LTD B 70000 34.00
1/2/2010 505576 Goldcrest Fin PADMAKSHI FINANCIAL SERVICES PVT. LTD. S 70000 34.00
1/2/2010 532909 Grabal Alok HSBC BANK (MAURITIUS) LIMITED S 171063 60.00
1/2/2010 503641 Growel Invest DEEPAK MAGANBHAI MAKWANA B 6000 6.61
1/2/2010 503641 Growel Invest DEEPAK MAGANBHAI MAKWANA S 6000 6.61
1/2/2010 501700 Indianivesh ANNAPURNA MERCANTILE PVT. LTD. S 23367 646.21
1/2/2010 532658 Indo Asian Fuse PKR HITECH INDUSTRIAL COPORATION LLP B 115000 65.00
1/2/2010 532658 Indo Asian Fuse VPM INDUSTRIAL CORPORATION LLP S 115000 65.00
1/2/2010 530255 KAY Power KAUSHALYA GARG B 86440 14.94
1/2/2010 530255 KAY Power SUNILKUMAR GUPTA B 55860 13.98
1/2/2010 530255 KAY Power B.S.KHANDELWAL B 100000 14.64
1/2/2010 530255 KAY Power BAMPSL SECURITIES LTD S 175294 14.13
1/2/2010 530255 KAY Power LAXMI DEVI S 60000 15.00
1/2/2010 512559 Kohinoor Foods TEMPTATION FOODS LTD S 147431 61.35
1/2/2010 506919 Makers Lab HEMANT PRATAPBHAI KOTAK B 50000 30.67
1/2/2010 517467 Marsons JAGDISH CHANDER BANSAL HUF B 100000 23.35
1/2/2010 517467 Marsons JAGDAMBE ENTERTAINMENT LTD. S 120000 23.48
1/2/2010 533080 MOLDTK PLA PRABHUDAS LILLADHAR PVT LTD B 64583 55.53
1/2/2010 533080 MOLDTK PLA PRABHUDAS LILLADHAR PVT LTD S 64584 55.74
1/2/2010 533080 MOLDTK PLA CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 43446 55.36
1/2/2010 532407 Moschip Semi THE INVESTMENT TRUST OF INDIA LIMITED B 343636 10.01
1/2/2010 532407 Moschip Semi JERMYN CAPITAL GDR S 343636 10.01
1/2/2010 590011 Moving Picture VINCENT COMMERCIAL COMPANY LTD B 882000 4.70
1/2/2010 590011 Moving Picture MANHARBHAI B GANDANI B 74000 4.65
1/2/2010 590011 Moving Picture PINNACLE TRADES AND INVESTMENTS S 880000 4.65
1/2/2010 531834 Natura Hue Chem AHMED SAYED B 50000 37.30
1/2/2010 531834 Natura Hue Chem SANJEEV RAMESH MALHOTRA S 75000 37.30
1/2/2010 531996 Odyssey Corp DIPCHEM CORPORATION S 52500 37.00
1/2/2010 531496 Omkar Overseas VIJAY VELJIBHAI PADHARIA B 33500 48.69
1/2/2010 531496 Omkar Overseas RONIT SATYANARAIAN AGARWAL S 50000 48.79
1/2/2010 511702 Parsharti Inv AXIOM CAPITAL ADVISORS PRIVATE LIMITED B 30000 36.75
1/2/2010 511702 Parsharti Inv BHAVESH SHANTILAL TRIVEDI S 29825 36.75
1/2/2010 511702 Parsharti Inv AXIOM CAPITAL ADVISORS PRIVATE LIMITED S 30000 35.55
1/2/2010 531855 Prabhav Inds KAVIT INVESTMENT PVT LTD S 65200 45.20
1/2/2010 502587 Rama Pulp AAR FIN BROKERS PRIVATE LIMITED B 50000 31.85
1/2/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA B 39456 31.87
1/2/2010 502587 Rama Pulp MAHIPAT IWDARMAL MEHTA S 39997 31.81
1/2/2010 502587 Rama Pulp AARFIN BROKERS PVT. LTD. S 50000 31.85
1/2/2010 533083 RISHABHDEV UMESH DHAN SINGH B 247555 11.52
1/2/2010 533083 RISHABHDEV UMESH DHAN SINGH S 247555 11.56
1/2/2010 530025 Samyak Intl J V STOCK BROKING PRIVATE LIMITED B 16720 19.64
1/2/2010 530025 Samyak Intl J V STOCK BROKING PRIVATE LIMITED S 19951 20.19
1/2/2010 530025 Samyak Intl AGRAWAL NIDHI S 40000 19.95
1/2/2010 531569 Sanjivani Par PARAMOUNT ENTERPRISES B 32000 34.31
1/2/2010 531569 Sanjivani Par LEENA SHASHIKANTBHAI SHAH B 40000 33.46
1/2/2010 531645 Southern Ispat ATULJ GANDANI B 126000 40.06
1/2/2010 533121 THINKSOFT A K G STOCK BROKERS PRIVATE LIMITED B 99981 464.67
1/2/2010 533121 THINKSOFT A K G STOCK BROKERS PRIVATE LIMITED S 99981 461.88
1/2/2010 511431 Vakrangee Soft HIGHPOINT TRADING COMPANY PRIV B 389500 66.18
1/2/2010 531574 VAS Infra EMERGING STAR INVEST PVT LTD B 300000 26.25
1/2/2010 531574 VAS Infra VASPARR SHELTER LTD S 310000 26.25
1/2/2010 532360 Vintage Cards MANOJ NARAYANDAS PARMAR S 3000 19.00
1/2/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR B 29501 427.43
1/2/2010 531249 Well Pack Papers PANDYA YAMINIBEN M B 33789 431.56
1/2/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR B 29767 431.14
1/2/2010 531249 Well Pack Papers SHREEDHAR YELLAIAH KODAM B 23000 428.53
1/2/2010 531249 Well Pack Papers SANDEEP GOMASE B 34500 427.83
1/2/2010 531249 Well Pack Papers SHOBHNABEN R PARMAR S 37667 426.37
1/2/2010 531249 Well Pack Papers PANDYA YAMINIBEN M S 36335 429.38
1/2/2010 531249 Well Pack Papers LAXMAN DHIRUBHAI PARMAR S 32477 428.17
1/2/2010 531249 Well Pack Papers HARDIK MAHESHBHAI PANDYA S 34000 428.16
1/2/2010 531249 Well Pack Papers SANDEEP GOMASE S 34500 428.29
1/2/2010 531249 Well Pack Papers NIOL IMPEX PRIVATE LIMITED S 28500 427.71
1/2/2010 506720 Zandu Pharma OPG SECURITIES P LTD B 5024 5206.87
1/2/2010 506720 Zandu Pharma OPG SECURITIES P LTD S 5024 5224.30
* B - Buy, S - Sell

NSE Bulk Deals to Watch - Feb 1 2010


Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
01-FEB-2010,20MICRONS,20 Microns Limited,DB (INTERNATIONAL) STOCK BROKERS LTD.,BUY,73054,52.75,-
01-FEB-2010,20MICRONS,20 Microns Limited,KANCHAN CHHABRA,BUY,95560,55.18,-
01-FEB-2010,ATLANTA,Atlanta Limited,PRIMORE SOLUTIONS PVT.LTD,BUY,91295,196.25,-
01-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SINGAP,BUY,227568,314.63,-
01-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,MBL & COMPANY LTD.,BUY,168755,316.30,-
01-FEB-2010,EDUCOMP,Educomp Solutions Limited,JANUS ENTERPRISE FUND,BUY,601511,702.00,-
01-FEB-2010,EVERESTIND,Everest Industries Limite,SAWAN VINODBHAI RAVANI,BUY,80000,157.95,-
01-FEB-2010,FCH,Future Capital Holdings L,REALTY CHECK PROPERTIES PRIVATE LIMITED ,BUY,450000,185.19,-
01-FEB-2010,ITI,ITI Ltd.,OM INVESTMENTS,BUY,152219,55.94,-
01-FEB-2010,JDORGOCHEM,JD Orgochem Limited,PARAG SHARADCHANDRA KOTHARI,BUY,216240,3.55,-
01-FEB-2010,KRBL,KRBL Limited,JMP SECURITIES PVT LTD,BUY,121799,232.75,-
01-FEB-2010,LANCOIN,Lanco Industries Ltd,RAJEN CHANDRAKANT SHARE A/C,BUY,209962,68.72,-
01-FEB-2010,OILCOUNTUB,Oil Country Tubular Ltd,GILADA MANISH KUMAR,BUY,225000,114.75,-
01-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,AVR OVERSEAS PVT LTD,BUY,366119,19.20,-
01-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,BUY,1451216,19.06,-
01-FEB-2010,SOFTPRO,Softpro Systems Limited,SAHASRA INVESTMENTS PRIVATE LIMITED,BUY,150000,284.00,-
01-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,BUY,123622,461.32,-
01-FEB-2010,WEBELSOLAR,Websol Energy Systems Ltd,VINCENT COMMERCIAL CO. LTD.,BUY,65000,139.93,-
01-FEB-2010,20MICRONS,20 Microns Limited,DB (INTERNATIONAL) STOCK BROKERS LTD.,SELL,73054,52.82,-
01-FEB-2010,20MICRONS,20 Microns Limited,KANCHAN CHHABRA,SELL,98886,54.09,-
01-FEB-2010,ATLANTA,Atlanta Limited,PRIMORE SOLUTIONS PVT.LTD,SELL,90097,198.67,-
01-FEB-2010,AUSTRAL,Austral Coke & Projects L,SICOM LTD,SELL,1960847,7.93,-
01-FEB-2010,BHARTISHIP,Bharati Shipyard Limited,MBL & COMPANY LTD.,SELL,168755,316.24,-
01-FEB-2010,BILPOWER,Bilpower Limited,NIKUNJ ALLOYS & STEEL PRIVATE LIMITED,SELL,75000,188.75,-
01-FEB-2010,FCH,Future Capital Holdings L,SAIN SAMEER SUSHIL,SELL,670000,185.07,-
01-FEB-2010,ICSA,ICSA (India) Limited,DEUTSCHE SECURITIES MAURITIUS LIMITED,SELL,320000,158.37,-
01-FEB-2010,ITI,ITI Ltd.,OM INVESTMENTS,SELL,152219,55.97,-
01-FEB-2010,KOHINOOR,Kohinoor Foods Limited,TEMPTATION FOODS LTD,SELL,175000,61.54,-
01-FEB-2010,KRBL,KRBL Limited,JMP SECURITIES PVT LTD,SELL,73016,233.03,-
01-FEB-2010,LANCOIN,Lanco Industries Ltd,RAJEN CHANDRAKANT SHARE A/C,SELL,209962,69.13,-
01-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,AVR OVERSEAS PVT LTD,SELL,1000000,19.10,-
01-FEB-2010,SHREEASHTA,Shree Ashtavinayak Cine V,SUMAN,SELL,968163,19.16,-
01-FEB-2010,SOFTPRO,Softpro Systems Limited,ADVENT ADVISORY SERVICES PVT LTD,SELL,175000,284.00,-
01-FEB-2010,SUBEX,Subex Limited,CREDIT SUISSE (SINGAPORE) LIMITED A/C CREDIT SUISSE (SING) ,SELL,457000,66.92,-
01-FEB-2010,THINKSOFT,Thinksoft Global Ser Ltd,ADROIT FINANCIAL SERVICES PRIVATE LIMITED,SELL,123785,463.96,-
01-FEB-2010,TWL,Titagarh Wagons Limited,ARIF BUHARY RAHMAN,SELL,163573,409.84,-
01-FEB-2010,WEBELSOLAR,Websol Energy Systems Ltd,FORT SHARE BROKING PRIVATE LIMITED,SELL,65000,139.93,-

Nifty flirts around 4900


Today's major news

Ashok Leylend’s net profit in Q3FY2010 zooms by 454%; the stock rises 3.20%

Titan Industries surges ahead on strong Q3FY2010 numbers; the stock shots 13.67% up

Larsen & Toubro wins Rs2,155 crore orders from NFL; the stock closes 0.56% lower

IVRCL bags orders of Rs1,125 crore; the stock closes 3.49% higher

Mahindra & Mahindra flares up on strong vehicle sales: the stock jumps 2.70%

Click here for more stories

Post-market summary

Global signals

European stocks were trading mixed as FTSE 100 was trading 0.23% higher while CAC 40 was trading 0.19% down.

Among major Asian indices, Hang Seng, Nikkei and Kospi closed higher while Straits Times, Jakarta Composite and Shanghai Composite ended lower. SGX Nifty ended five points higher.

US stock futures opened higher on Monday as investors eye US data for personal income and construction spending as well as the Institute for Supply Management's January manufacturing index.

Indian indices

Pessimistic cues from overseas markets saw the Sensex open 19 points lower at 16339 and extend its losses to touch the day’s low of 16161. However, robust January sales reading of automakers and continuous buying in consumer durable stocks helped the Sensex recoup its losses and touch the day’s high of 16422. The Sensex ended two points lower while Nifty closed 17 points higher at 4900 level.

Sensex sentiment

The market breadth, the number of advancing shares to declining shares, was fairly positive. Of the total 2,909 stocks traded on the BSE, 2,165 stocks advanced, whereas 702 stocks declined. Forty-two stocks closed unchanged.

Sectoral & stock screening

Of the 13 sector indices, only BSE FMCG (down 0.66%), BSE IT and BSE Bankex were down marginally. BSE Realty (up 5.70%), BSE HC (up 2.55%) and BSE Auto (up 1.69%) were the top gainers.

On stocks’ front, Titan Industries topped the chart surging by 13.67% followed by Lupin (up 10.81%) and Bhushan Steel (up 10.35%). Among losers, KSK Energy slid the most by 7.58%, followed by Bajaj Auto that fell by 3.29% and Max India that shed 3.16%.

Viewing volumes

On stock turnover front, over 1.40 crore shares of India’s second biggest realtor Unitech changed hands on the BSE followed by wind turbine major Suzlon Energy (1.11 crore shares), public sector unit Rashtriya Chemicals and Fertilisers (0.71 crore shares), industrial finance company IFCI (0.71 crore shares) and Ispat Industries (0.54 crore shares).

Strong economic data triggers intraday rebound on the bourses


The key benchmark indices witnessed a divergent trend, with BSE Sensex closing flat and S&P CNX Nifty eked out small gains after a strong intraday rebound triggered by upbeat economic data and higher monthly sales figures from two auto majors Maruti Suzuki and Mahindra & Mahindra. The latest data showed the manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010. A recovery in Asian stocks and higher US index futures, also supported domestic bourses.

The BSE 30-share Sensex was down 1.93 points or 0.01%, up close to 195 points from the day's low and off close to 65 points from the day's high. Consumer durables, metal, realty, healthcare stocks rose. IT stocks reversed early losses. Index heavyweight Reliance Industries edged lower in volatile trade. The market breadth was strong.

The market slipped in early trade, tracking weak Asian stocks. It recovered from the day's low in morning trade. The market once again drifted lower after recouping almost all the intraday losses in mid-morning trade. It moved in a narrow range in early afternoon trade. The market moved into positive zone in early afternoon trade after the latest data showed that India's exports rose for the second straight month in December 2009. The market came off the higher level later. The market surged to a fresh intraday high in mid-afternoon trade. A bout of volatility was witnessed in late trade

Reserve Bank of India Governor D Subbarao said on Monday that bond yields will be under pressure if the government borrows more than the central bank expects in fiscal year 2010/11. After the Reserve Bank reviewed policy last week, a deputy governor said net borrowing in fiscal 2010/11 was likely to be similar to the current year's.

Rising prosperity will increasingly put pressure on food supply in India and the country urgently needs to boost farm productivity, Prime Minister Manmohan Singh said on Monday. He urged state governments to take steps to boost food output and tackle shortages of essential commodities.

Fitch Ratings today affirmed India's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'. The Outlook on the long-term foreign currency IDR is stable, while that on the long-term local currency IDR is negative. The short-term foreign currency IDR is affirmed at 'F3' and the Country ceiling at 'BBB-'.

Fitch regards the deterioration in India's public finances since 2008 as partly structural, putting negative pressure on the local currency rating that will require substantive fiscal reform to redress, said Andrew Colquhoun, Director in Fitch's Asia-Pacific Sovereign Group. The foreign currency ratings remain well-supported by foreign investment prospects and by the world's sixth-biggest stockpile of foreign reserves.

Coming back to stocks, domestic institutional investors (DIIs) are on a buying spree on the bourses even as foreign funds have pressed heavy sales over the past few days. As per data from the stock exchanges, domestic institutions bought shares worth Rs 12222.06 crore in January 2010 even as foreign funds dumped stocks worth a net Rs 7216.66 crore in the month just gone by.

Back to the macro front and India's exports rose an annual 9.3% in December to $14.6 billion, the second consecutive rise after 13 straight months of decline, the government said today. Imports rose 27.2% from a year earlier to $24.75 billion. Exports for April-December, the first nine months of the 2009/10 fiscal year, were down 20.3% at $117.59 billion from the same period in the previous year.

India's manufacturing sector grew at its fastest pace in almost 1-1/2 years in January 2010, boosted by a sharp rise in new export orders that underpin a recovery in the industrial sector, a survey showed. The HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian companies, rose to 57.7 in January 2010, its strongest reading since August 2008 and up from 55.6 in December 2009. A reading above 50 means activity is expanding. The new orders index rose to 62.9 from December's 60.1.

An interest rate hike would have indicated a greater degree of confidence in the recovery but the possibility of a mid-cycle action exists in case of a provocative situation, a deputy governor at the Reserve Bank of India (RBI) Subir Gokarn said on Friday 29 January 2010. The Reserve Bank of India (RBI) surprised markets by raising banks' cash reserve requirements by more than expected on Friday 29 January 2010 and warned of mounting inflation, setting the stage for increasing interest rates in the coming months. The RBI kept short-term interest rates steady at its quarterly policy review but signalled hawkish intent.

The RBI said the CRR would be increased by 50 basis points from 13 February 2010 and a further 25 basis points to 5.75 % from 27 February 2010. It held its lending rate, or the repo rate, unchanged at 4.75% and its reverse repo rate, at which it absorbs surplus cash from banks, unchanged at 3.25 %.

The cash reserve ratio was cut by 4%age points between October 2008 and January 2009 as the central bank moved to support the economy during the global financial crisis also slashing interest rates to their lowest levels since 2000.

The consumer price index rose 14.97% in December 2009 from a year earlier, higher than November's annual rise of 13.51 %, government data showed on Friday. The annual wholesale inflation rose to 7.31% in December 2009, compared with 4.78 % rise in November and 6.15% a year ago.

The RBI said that reversing its accommodative monetary policy would be ineffective unless the government cuts borrowing, on track to hit a record Rs 4,50,000 crore ($97 billion) this fiscal year, putting pressure on the government to rein in spending when it releases its budget on 26 February 2010. India is joining a trend in other major emerging economies towards gradual tightening of loose monetary policies.

This month, China started to tighten policy by raising banks' reserve requirements, clamping down on loan growth and accepting higher yields at bill auctions. Last week, Brazil -- another member of the BRIC quartet of emerging powers that also includes Russia -- held rates steady but left the door open for a possible rate hike.

The Reserve Bank of India lifted its wholesale price index inflation forecast for the end of the fiscal year in March to 8.5% from 6.5% and upgraded its economic growth forecast for the current fiscal year to 7.5% from 6%, predicting a similar rate of growth the following year. It said it expected inflation to moderate from July 2010, assuming a normal monsoon and steady oil prices, but the new forecasts convinced many analysts an interest rate rise was imminent.

Meanwhile, Indian government has reiterated a goal of slowing the rise of the nation's carbon emissions by 2020 as part of pledges due by Sunday under a "Copenhagen Accord" to fight climate change, an official statement said. Many other nations have also reiterated existing goals for slowing global warming before a Sunday deadline for making commitments under the "Copenhagen Accord", which sets an overriding goal of limiting a rise in world temperatures to less than 2 degrees Celsius (3.6 F).

The statement said India will endeavour to reduce its carbon emission intensity by 20 to 25% by 2020 in comparison to the 2005 level. Carbon emissions intensity refers to the amount of carbon dioxide emitted for each unit of gross domestic product. The statement said India's actions will be legally non-binding and its carbon intensity cut target will not include emission from the agriculture sector.

Meanwhile, the capital market regulator has reportedly shut its doors on several foreign funds amid concerns that they may turn out to be vehicles for round-tripping of money by local residents. The Securities and Exchange board of India (Sebi) is taking a closer look at the structure of new investors, as well as those seeking renewals, following misreporting of transactions by blue-chip foreign institutional investors (FIIs) like Barclays and Societe Generale (SocGen) report said.

European stocks edged lower in volatile trade. The key benchmark indices in Germany and France fell by between 0.02% to 0.05%. But UK's FTSE 100 rose 0.13%.

The final manufacturing purchasing managers index for the 16-nation euro zone rose more than expected to a two-year high of 52.4 in January, Markit Economics reported Monday. The final reading exceeded a preliminary estimate, which had shown a rise to 52.0 from 51.6 in December. A reading of more than 50 means a majority of managers saw an increase in activity, while a figure of less than 50 means a majority saw a decline. The index has been above the neutral 50 level for four consecutive months.

Asian stocks turned mixed late Monday after trading solidly lower earlier in the day, as key benchmark indices in Hong Kong, Japan and Seoul all moved into positive territory. The key benchmark indices in Hong Kong, Japan and South Korea rose by between 0.07% to 0.61%. The key benchmark indices in China, Singapore, Taiwan and Indonesia fell by between 0.33% to 1.60%.

China's manufacturing expanded at the second-fastest pace since 2008 in January 2010 as export demand improved, helping to cement the nation's recovery. The Purchasing Managers' Index fell to a seasonally adjusted 55.8 from 56.6 in December 2009.

Trading in US index futures indicated that the Dow could rise 52 points at the opening bell on Monday, 1 February 2010.

US stocks slid on Friday, sending the benchmark S&P 500 down more than 1% during the last half-hour of the session as investors pared back exposure to riskier assets amid worries about fiscal turmoil in Europe. The Dow was down 53.13 points, or 0.5%, to 10,067.33. The S&P 500 index was down 10.66 points, or 1%, to 1,073.87, the Nasdaq Composite Index shed 31.65 points, or 1.5%, to 2,147.35.

President Barack Obama on Friday proposed $33 billion in tax credits to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda.

Obama will deliver remarks on the US budget on Monday. He is to speak about the fiscal situation after release of his spending blueprint for the 2011 fiscal year.

Tens of millions more people in Africa and elsewhere will be driven into poverty this year even though the world is recovering from the global financial crisis, World Bank president Robert Zoellick said on Sunday.

International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday urged the United States, Britain and other countries to cooperate on new policies and regulations in the wake of the financial crisis. He told the annual Herziliya Conference that at the onset of the crisis, world leaders were scared and agreed to work together to end the crisis. But now, countries are formulating policies on their own.

Closer home, the BSE 30-share Sensex was down 1.93 points or 0.01% to 16,356.03. The index rose 64.44 points at the day's high of 16,422.40 in mid-afternoon trade. It fell 197.16 points at the day's low of 16160.80 in early trade.

The S&P CNX Nifty rose 17.65 points or 0.36% to 4899.70.

The BSE Mid-Cap index rose 1.81% and the BSE Small-Cap index rose 2.72%. Both the indices outperformed Sensex.

A number of sectoral indices on BSE rose. BSE Consumer Durables index (up 5.7%), BSE Healthcare index (up 2.55%), BSE Auto index (up 1.69%), BSE Metal index (up 1.6%), BSE Oil & Gas index (up 0.75%), BSE Realty index (up 0.73%), BSE PSU index (up 0.68%), BSE Capital Goods index (up 0.35%), and BSE Power index (up 0.32%), outperformed the Sensex. BSE's banking sector index Bankex fell 0.01%, matching the fall in the Sensex. BSE IT sector index (down 0.02%) and BSE FMCG index (down 0.66%), underperformed the Sensex.

The market breadth, indicating the overall health of the market, was strong. On BSE, 2162 shares advanced as compared with 704 that fell. A total of 42 shares remained unchanged.

Among the 30 share Sensex pack, 21 rose and rest fell.

BSE clocked turnover of Rs 4788 crore, lower than Rs 5702.81 crore on Friday, 29 January 2010.

Index heavyweight Reliance Industries (RIL) was flat at Rs 1046.60. The stock was volatile. It hit a high of Rs 1055 and a low of Rs 1035.05. The company's net profit rose 15.77% to Rs 4008 crore on 89.77% surge in total income to Rs 57364 crore in Q3 December 2009 over Q3 December 2008. RIL said the results had been reworked and restated to include figures from Reliance Petroleum, which it absorbed last year. The company announced the Q3 result during market hours on 22 January 2010.

Sun Pharmaceuticals Industries rose 2.59%. Net profit rose 23.91% to Rs 318.04 crore on 22.41% decline in sales to Rs 489.64 crore in Q3 December 2009 over Q3 December 2008.

Among other healthcare stocks, Biocon, Ranbaxy Laboratories, Cipla, Aurobindo Pharma rose by between 0.26% to 5.5%.

Lupin jumped 10.81%, after consolidated net profit surged 40.4% to Rs 163.56 crore on 30.5% rise in net sales to Rs 1255.43 crore in Q3 December 2009 over Q3 December 2008.

Consumer durable stocks rose on strong Q3 results. Lloyd Electric, Rajesh Exports, Videocon Industries rose by between 1.66% to 11.09%.

Titan Industries jumped 13.67%, after net profit surged 498.7% to Rs 75.43 crore in Q3 December 2009 over Q3 December 2008.

Metal stocks reversed early fall on jump in manufacturing activity in China and India. India's largest private sector steel maker by sales Tata Steel rose 1.57%. The company's net profit surged 155.6% to Rs 1191.75 crore in Q3 December 2009 over Q3 December 2008. The company announced the result during market hours on Thursday 28 January 2010.

Tata Steel will report consolidated third-quarter results, to include the Corus numbers this month. The Indian operations account for a quarter of the group's annual global capacity of about 30 million tonnes.

India's largest private sector aluminum maker by sales Hindalco Industries rose 1.32%. The company's net profit fell 21.60% to Rs 427.10 crore on a 29.56% increase in sales to Rs 5286.10 crore in Q3 December 2009 over Q3 December 2008.

National Aluminium Company rose 2.82%. The company's net profit declined 29.3% to Rs 155.18 crore in Q3 December 2009 over Q3 December 2008.

India's largest non-ferrous metal firm by capacity Sterlite Industries India rose 0.05%. The company's net profit slumped 77.16% to Rs 46.59 crore on a 39.83% increase in sales to Rs 3611.99 crore in Q3 December 2009 over Q3 December 2008.

But, Steel Authority of India (Sail) fell 0.37%. Sail reported a 99% jump in its net profit at Rs 1,675.55 crore in Q3 December 2009 over Q3 December 2008.

Rate sensitive realty shares extended Friday's gains after RBI kept interest rates unchanged on Friday, 29 January 2010. Indiabulls Real Estate, Housing Development & Infrastructure, Omaxe, Phoenix Mills rose by between 0.6% to 3.18%.

India's largest realty player by sales DLF rose 0.05% extending Friday's 2.54% gains. The company's net profit rose 26.04% to Rs 224.43 crore on 109.03% rise in sales to Rs 887.16 crore in Q3 December 2009 over Q3 December 2008. The company announced the Q3 result last week.

Unitech rose 2.15%. The company's net profit rose 576.6% to Rs 131.94 crore on 216.7% rise in sales to Rs 642.88 crore in Q3 December 2009 over Q3 December 2008.

Stocks from interest rate sensitive auto sector rose on strong vehicle sales in the month of January 2010. India's largest tractor maker by sales Mahindra and Mahindra (M&M) rose 2.7%. Mahindra & Mahindra total vehicle sales jumped 71.2% to 30,149 units in January 2010 over January 2009.

M&M's net profit surged 849% to Rs 413.70 crore on a 56.32% rise in sales to Rs 4478.70 crore in Q3 December 2009 over Q3 December 2008. The result was announced during trading hours on Monday, 25 January 2010. Meanwhile, the company also approved a 2-for-1 stock split.

India's top truck marker by sales Tata Motors rose 3.56%. Tata Motors reported net profit of Rs 400.14 crore in Q3 December 2009 as against net loss of Rs 263.26 crore in Q3 December 2008. Sales rose 89.45% to Rs 8929.80 crore in Q3 December 2009 over Q3 December 2008. The company announced the result after market hours on Friday, 29 January 2010.

India's top small car maker by sales Maruti Suzuki India rose 0.65%. The company's vehicle sales rose 33.3% to 94649 units in January 2010 over January 2009.

India's largest motorbike maker by sales Hero Honda Motors rose 1.36% extending Friday's 1.38% gains. After market hours on 25 January 2010, the company reported a 78.34% rise in net profit to Rs 535.77 crore on a 32.72% rise in sales to Rs 3814.42 crore in Q3 December 2009 over Q3 December 2008.

TVS Motor Company rose 0.1% after company's vehicle sales rose 34% in January 2010 over January 2009.

IT stocks reversed early losses on bargain hunting after recent losses. India's largest IT exporter by sales Tata Consultancy Services rose 1.4%.

India's third largest software services exporter Wipro rose 3.13% even as its ADR fell 3.29% on Friday. Wipro has reportedly been empaneled by General Electric as an outsourcing vendor, which will allow the Indian firm to bid for nearly $1 billion worth of outsourcing projects of GE every year, against rivals Tata Consultancy Services (TCS) and Genpact. Wipro said last week it signed a multi-year outsourcing deal with British American Tobacco Plc, the world's second-biggest cigarette maker.

But, India's second largest IT exporter by sales Infosys lost 1.11%. Its ADR fell 0.82% on Friday.

Oil exploration firms rose after the new oil secretary, S. Sundareshan, said on Monday that the government will take a decision on the merits of raising the price of natural gas pumped by state firms in the coming weeks. India's largest oil exploration firm by sales ONGC rose 0.12%. India's second largest oil exploration firm by sales Oil India rose 1.96%.

India's largest power utility firm by sales NTPC fell 1.4% ahead of its mega follow-on public offer (FPO). NTPC's FPO opens for bidding on 3 February 2010 and closes on 5 February 2010.

Among other power firms, CESC, Torrent Power, Reliance Infrastructure, Reliance Power rose by between 0.9% to 3.79%.

Rate sensitive banking shares fell as bank lending growth remained sluggish. India's largest bank by net profit and branch network State Bank of India fell 1.79%. SBI chairman O P Bhatt said deposit rates may not go up immediately but there is no room for deposit rates to come down. India's second largest private sector bank by net profit HDFC Bank fell 1.57%. Its ADR rose 1.92% on Friday. But, India's largest private sector bank by net profit ICICI Bank rose 0.27%. Its ADR rose 5.41% on Friday.

Bank stocks had risen on Friday 29 January 2010 after Reserve Bank kept interest rates unchanged in its quarterly monetary policy review announced on Friday. Commercial banks do not see any upward pressure on lending rates in the next six months, after the Reserve Bank raised banks' reserve requirements on Friday, 29 January 2010 top bankers said. The head of Indian Banks' Association (IBA), the apex industry body, said lending rates were expected to be stable till the first quarter of fiscal year starting 1 April 2010.

Banks' outstanding loans fell by Rs 11,900 crore in the two weeks to 15 January 2010 because companies repaid some loans as is typical at the beginning of a quarter, the central bank's data showed last week. The Reserve Bank of India data showed loans fell to Rs 30,08,000 crore in the two weeks to 15 January 2010 and deposits fell by around Rs 22,000 crore to Rs 42,43,000 crore. In the two weeks to 1 January 2010, outstanding loans rose by a massive Rs 78,192 crore and deposits also went up by Rs 82,769 crore.

India's largest power equipment maker by sales Bharat Heavy Electricals lost 0.6%. Bharat Heavy Electricals said last week it would sign an agreement with the Madhya Pradesh state utility to jointly set up a 1,600 megawatts thermal power plant in the central Indian state.

India's largest engineering and construction firm by sales Larsen & Toubro fell 0.56%. The company announced today that it won orders worth Rs 2155 crore.

Hindustan Fertiliser and Chemicals clocked the highest volume of 1.99 crore shares on BSE. Unitech (1.4 crore shares), Cals Refineries (1.24 crore shares), Suzlon Energy (1.11 crore shares) and SpiceJet (0.73 crore shares) were the other volume toppers in that order.

Tata Steel clocked the highest turnover of Rs 110.69 crore on BSE. Unitech (Rs 107.01 crore), State Bank of India (Rs 105.47 crore), Tata Motors (Rs 95.31 crore) and Larsen & Toubro (Rs 90.85 crore) were the other turnover toppers in that order.

Grey Market Premium - Jubilant Foodworks, Embbi Polyarns, DB Realty


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Kostak

(Rs. 1 Lac Application)

Jubilant Food Works

135 to 145

16 to 17

--

Infinite Computer

165

32 to 33

--

Birla Shloka

45 to 50

Discount

--

Aqua Logistics

200 to 225

3 to 3.50

2000 to 2100

Syncom Healthcare

65 to 75

8 to 9

--

Thangamayil Jewellery

70 to 75

3 to 4

--

Vascon Engg.

165 to 185

6 to 8

--

D. B. Realty

468 to 486

9 to 11

1800 to 1900

Emmbi Polyarns

40 to 45

4 to 5

1800 to 2000

NTPC (FPO)

--

--

--

REC (FPO)

--

--

--

SGX Nifty - Pre Market - Feb 1 2010


4,840.00 -46.50

No major trigger ahead; Global cues, foreign funds to drive market


The week gone by has only made the bearishness spread more in other asset classes as the dollar index has gone up further. Even the rise in GDP in US could not stop the fall in Dow & Nasdaq.

The US economy surprised forecasters by powering ahead at an annualised 5.7% in the fourth quarter - the fastest pace of growth that it has shown for six years.

The 30 share index, Sensex lost 501.7 points, or 2.98%, to 16,357.96 for the week ended Jan. 29, 2010. On the other hand, the broad based NSE Nifty plunged 153.95 points, or 3.06%, to 4,882.05 in the same period.

On Friday, the Dow Jones industrial average fell 0.52% to end at 10,067.33 while the Nasdaq Composite Index declined 1.45% to close at 2,147.35.

``Now as the result session is almost over so no major trigger in the short term is there. Therefore markets are likely to be guided by global cues. Foreign funds flow, a key driver of rally are reversing now as there is a large pressure seen in the exchange traded funds raised for investment in emerging economies,`` said the stock broker SMC while commenting on the market outlook.

However, in the short term money raising by government through disinvestment may cap the reversal of foreign flow. Trend of Nifty & Sensex is down now. Nifty faces resistance between 4,950-5,000 and Sensex between 16,650-17,000 levels, it added.

US stocks end lower for third consecutive week


Better than expected fourth quarter GDP reading fails to take US stocks higher

US stocks registered drop for the third consecutive week on Friday, 29 January 2010. It was mainly due to a sell off during the last two days of the week that stocks suffered losses for the week. Earning reports dominated the week but the positive ones also failed to cheer investors.

For the week, that ended on Friday, 29 January 2010, Dow ended lower by 105.65 points (1%) at 10,067.33. Nasdaq ended lower by 57.94 points (2.6%) at 2147.35. S&P 500 lost 17.89 points (1.6%) at 1073.87. All ten economic sectors ended in the red led by the materials, energy and IT sectors. A large number of notable names reported earnings this week.

During the week, The Federal Reserve's statement on U.S. monetary policy came out during the middle of the week. The central bank, as expected, kept its federal-funds rate unchanged and said it would keep them exceptionally low for an extended period.

On the same day, President Obama focused on job creation instead of on banking reforms, a topic that had spooked financial markets last week. But the address played out very much as expected, and had little effect on the market.

Among earning reports expected for the week, Procter & Gamble, Colgate Palmolive, Nokia and fellow Dow component 3M exceeded earnings expectations. AT&T met expectations but Eli Lilly fell short of the same.

Apple, introduced its new iPad tablet device during the week. But expectations appeared to have gotten too high prior to the product's unveiling and the stock dropped more than 4% the following day after launch.

In the other earning space, Caterpillar , United Technologies, Boeing and ConocoPhillips released upside earnings surprises for the latest quarter. However, themes like low quality earnings and mixed guidance made for an underwhelming response to the announcements. Boeing reported fourth quarter profit more than expected. Caterpillar's fourth quarter profit was below expectation and the company lowered its FY 2010 earning outlook.

In the technology sector, Apple, Microsoft and Sandisk reported that their bottom-line exceeded expectations but it was mainly due to cost cutting initiatives. Amazon.com beat estimates and issued upward guidance.

At the end of the day on Friday, 29 January, 2010, economic reports dominated the day. Though they checked in better than expected, stocks ended in the red despite attempting to trade higher. It was mainly due to the strong dollar.

On that day, the Dow Jones Industrial Average ended lower by 53.13 points at 10,067.33. Nasdaq ended lower by 31.65 points at 2147.35. S&P 500 ended lower by 10.66 points at 1073.87. Dow was trading higher by 37 points earlier during the day. All ten sectors ended in the red led by energy, technology, and materials sectors.

In the currency market on Friday, the dollar index, which weighs the strength of dollar against the basket of six other currencies headed up by almost 0.7% following stronger than expected fourth quarter GDP reading in the US.

The Commerce Department in US reported on Friday, 29 January 2010 that the U.S. economy grew at the fastest pace in six years during the fourth quarter of 2009, even as consumer spending and business investment remained tepid. As per the report, real gross domestic product increased at a 5.7% seasonally adjusted annual rate in the final three months of the year, the best quarterly growth since late 2003. The economy grew 2.2% in the third quarter. A year ago, the economy fell at a 5.4% pace.

The 5.7% increase in the fourth quarter was in line with the 5.4% gain expected by by market. In the fourth quarter of 2009, about two-thirds of the growth came via the swing in inventories. Excluding the change in inventories, final sales increased at a 2.2% annual rate. But, even with healthy growth in the second half of the year, the economy shrank 2.4% in 2009, the worst year for GDP since the 10.9% drop in 1946.

Separately, there was an upbeat report on consumer sentiment. The Reuters/University of Michigan consumer sentiment index rose to a reading of 74.4 in January from 72.5 in December, reaching its highest level since January of 2008.

Crude oil prices ended lower on Friday, 29 January 2010. Prices dropped as the dollar headed up based on strong fourth quarter GDP reading by the Commerce Department. The strong consumer sentiment data added further fuel. Prices were also slipping since last couple of days due to impending worries from China front where tightening monetary policies are bothering investors due to shaky demand of metals in coming months. Strong economic reports generally tend to push crude prices higher. But with a firm dollar, commodity prices were pressured on Friday.

On Friday, crude-oil futures for light sweet crude for March delivery closed at $72.89/barrel (lower by $0.75 or 1%). For the week, crude ended lower by 2.4%. In January 2010, crude ended lower by 8.3%.

Indian ADRs ended mixed on Friday. ICICI Bank soared 5.4% while Rediff.com shed 4.7%.

For the year, Dow, Nasdaq and S&P 500 are lower by 3.5%, 5.4% and 3.7% respectively. Earnings reports will continue to pour in the coming week and will include big names such as Exxon Mobil and Pfizer.

Market may fall on weak Asian stocks


The market may fall snapping last two days gains on weak Asian stocks. Fresh worries over public finances of Greece, Portugal and other smaller euro zone countries had weighed on US stocks on Friday 29 January 2010. Shares of auto, cement, steel firms will be in focus as the companies release monthly sales volume for January 2010.

An interest rate hike would have indicated a greater degree of confidence in the recovery but the possibility of a mid-cycle action exists in case of a provocative situation, a deputy governor at the Reserve Bank of India (RBI) Subir Gokarn said on Friday 29 January 2010.

The Reserve Bank of India (RBI) surprised markets by raising banks' cash reserve requirements by more than expected on Friday 29 January 2010 and warned of mounting inflation, setting the stage for increasing interest rates in the coming months. The RBI kept short-term interest rates steady at its quarterly policy review but signalled hawkish intent.

The RBI said the CRR would be increased by 50 basis points from 13 February 2010 and a further 25 basis points to 5.75 % from 27 February 2010. It held its lending rate, or the repo rate, unchanged at 4.75 % and its reverse repo rate, at which it absorbs surplus cash from banks, unchanged at 3.25 %.

The cash reserve ratio was cut by 4 percentage points between October 2008 and January 2009 as the central bank moved to support the economy during the global financial crisis also slashing interest rates to their lowest levels since 2000.

The consumer price index rose 14.97 % in December 2009 from a year earlier, higher than November's annual rise of 13.51 %, government data showed on Friday. The annual wholesale inflation rose to 7.31 % in December 2009, compared with 4.78 % rise in November and 6.15 % a year ago.

The RBI said that reversing its accommodative monetary policy would be ineffective unless the government cuts borrowing, on track to hit a record Rs 4,50,000 crore ($97 billion) this fiscal year, putting pressure on the government to rein in spending when it releases its budget on 26 February 2010.India is joining a trend in other major emerging economies towards gradual tightening of loose monetary policies.

This month, China started to tighten policy by raising banks' reserve requirements, clamping down on loan growth and accepting higher yields at bill auctions Last week, Brazil -- another member of the BRIC quartet of emerging powers that also includes Russia -- held rates steady but left the door open for a possible rate hike.

The central bank lifted its wholesale price index inflation forecast for the end of the fiscal year in March to 8.5 % from 6.5 % and upgraded its economic growth forecast for the current fiscal year to 7.5 % from 6 %, predicting a similar rate of growth the following year. It said it expected inflation to moderate from July 2010, assuming a normal monsoon and steady oil prices, but the new forecasts convinced many analysts an interest rate rise was imminent.

Meanwhile, the capital market regulator has reportedly shut its doors on several foreign funds amid concerns that they may turn out to be vehicles for round-tripping of money by local residents. The Securities and Exchange board of India (Sebi) is taking a closer look at the structure of new investors, as well as those seeking renewals, following misreporting of transactions by blue-chip foreign institutional investors (FIIs) like Barclays and Societe Generale (SocGen) report said.

Asian stocks fell on Monday after Toshiba Corp. cut its revenue forecast and Honda Motor Co. recalled cars.The key benchmark indices in China, Hong Kong, Japan, South Korea, Singapore, Taiwan and Indonesia fell by between 0.33% to 1.53%.

China's manufacturing expanded at the second-fastest pace since 2008 in January 2010 as export demand improved, helping to cement the nation's recovery. The Purchasing Managers' Index fell to a seasonally adjusted 55.8 from 56.6 in December 2009.

Fresh worries over public finances of Greece, Portugal and other smaller euro zone countries have weighed on global stocks, pushing Wall Street lower on Friday despite data showing the U.S. economy grew at its fastest pace in six years in the fourth quarter.

U.S. stocks slid sharply on Friday, sending the benchmark S&P 500 down more than 1 % during the last half-hour of the session as investors pared back exposure to riskier assets amid worries about fiscal turmoil in Europe. The Dow was down 53.13 points, or 0.5%, to 10,067.33. The S&P 500 index was down 10.66 points, or 1%, to 1,073.87, the Nasdaq Composite Index shed 31.65 points, or 1.5%, to 2,147.35.

President Barack Obama on Friday proposed $33 billion in tax credits to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda.

Obama will deliver remarks on the U.S. budget on Monday. He is to speak about the fiscal situation after release of his spending blueprint for the 2011 fiscal year.

Tens of millions more people in Africa and elsewhere will be driven into poverty this year even though the world is recovering from the global financial crisis, World Bank president Robert Zoellick said on Sunday.

Closer home, the key benchmark indices staged a strong intraday rebound albeit in choppy trade, extending gains for the straight second day on Friday, 29 January 2010, as European stocks and US index futures rose. The BSE 30-share Sensex rose 51.09 points or 0.31% to 16,357.96 on that day.

As per provisional figures on NSE, foreign funds sold shares worth Rs 996.09 crore and domestic funds bought shares worth Rs 1011.02 crore on Friday.

Daily News Roundup - Feb 1 2010


IOC has sought government’s intervention to participate in US$12.5bn Iranian projects. (ET)

Relinace Infra led consortium aims to achieve financial closure for the Rs110bn second phase of Mumbai Metro by October 2010. (BS)

TCS has bagged a US$50mn deal in the platform-based BPO unit. (BS)

Wipro is planning to reduce its headcount in Finland by around 85 people. (ET)

Bharti Airtel has partnered with US-based Limelight Networks for content delivery network services in India. (ET)

SBI says that it is not looking at acquisitions of any other bank outside the SBI group. (ET)

GAIL expects work on the Dhabol-Bangalore gas pipeline project to be completed by March 2010. (ET)

HCL Tech has appointed Mr. Satish Chadrashekharan to spearhead its global services delivery and retail vertical. (ET)

Reliance Capital AMC is negotiating with Malaysia to manage up to US$5bn of public and government fund. (ET)

Tata Teleservices has added 3.3mn subscribers in December 2009, becoming the No.1 operator in terms of subscriber addition for the fifth consecutive time. (ET)

HCL BPO is planning to increase headcount in its media BPO division to 600 from present 300 in the next 12-18 months. (BL)

Hindustan Zinc has reduced zinc prices by Rs900 a ton. (BL)

The Shipping Secretary says that government has no plans to divest stakes in SCI and Dredging Corporation. (ET)

Gammon Infra intends to buy stakes in international airports projects. (BS)

Essel Group and Bhushan Steel are set to acquire 250 acre plot in Khargar for Rs15.3bn. (BS)

Mercator Lines is looking at acquiring more coal mines in Indonesia. (ET)

Jubilant Organosys is de-merging its non core business, agri and performance polymer, into a separate subsidiary. (ET)

Trent to scale up Star Bazaar stores to 18 by the end of FY11. (ET)

Triveni Engineering proposes to hive-off its steam turbines business into a separate company. (BL)

Spectrum usage fees go up by 20% from January 1, 2010. (ET)

Government boosts PDS grain flow to fight against inflation. (ET)

Decline in farm output may pull down GDP growth in Q3 FY10 to 6-6.5%, says Pronab Sen, the Chief Statistician of India. (ET)

Food Inflation eased to 16.81% for the week ended January 9, 2010. (BL)

Trai moots plan to charge operators for phone number allocations. (BL)

Government to start 3G auction on February 25, 2010. (BS)

Pick when ready!


Pick the flower when it is ready to be picked.

Friday’s late spurt may have raised hopes of an encore at least on Monday. But, with most global indices flashing the red signs, looks like the Indian market will turn lower again. We expect a slight dip at start and another choppy session. The Nifty February futures in Singapore are pointing to a 40-point fall at the start.

Wait and watch should be the mantra in the near term to overcome the current phase of uncertainty and volatility. Be extremely choosy while picking up stocks at this juncture. You have all the time to closely examine each opportunity. We repeat, do proper due diligence lest you have to pay a heavy price later. For the time being, most stocks look neither ready nor steady for a convincing buy.

The ongoing consolidation though presents an excellent opportunity to revamp one’s portfolio. Get rid of weak stocks and replace them with potential outperformers.

Technically, 4800 remains a critical level. A sustained close below this could spell some more trouble for bulls. The Nifty may fall as low as 4600-4650 if the 4800 barrier is broken decisively. The upside too is capped and resistance is likely at 4900 and 5000.

Among the key factors to look out for going forward will be the borrowing programme for FY11. We expect the FM to return to the path of fiscal discipline in the Budget as he doesn't have much headroom to extend the spending spree. The reported deferment of 3G auction to FY11 is a setback even as fertilizer subsidy is set to swell. The Centre is also likely to announce its stimulus exit in a phased manner in the Budget.

Despite the 75bps hike in CRR, there is no fear of banks raising lending rates anytime soon. That will happen when the RBI hikes the policy rates, which is likely to be after the Budget.

Inflation remains among the biggest risks for India and other emerging markets like China. For the advanced economies, the major worry is to sustain the growth. So, policymakers in these regions will refrain from a hasty retreat from stimulus.

FIIs were net sellers in the cash segment on Friday at Rs9.96bn on a provisional basis. The local funds were net buyers of Rs10.11bn, according to figures published on the NSE's web site. In the F&O segment, the foreign funds were net buyers at Rs4.9bn.

US stocks declined on Friday, capping the worst month for Wall Street since Feb. 2009. Concerns over the outlook for technology earnings overshadowed data showing fastest GDP growth in six years. Crude oil prices slid for a fourth successive day.

The technology-heavy Nasdaq composite index led the decline, as investors bet that the strong economic growth of the fourth quarter can not be sustained.

The Dow Jones Industrial Average lost 53 points, or 0.5%, to 10,067.33. The S&P 500 index shed 11 points, or 1%, to 1,073.87. The Nasdaq fell 31 points, or 1.5%, to 2,147.35.

The Dow and S&P 500 closed at the lowest point since Dec. 6 and the Nasdaq at the lowest point since Nov. 30.

Technology and commodity shares led the declines for the second session in a row, following Thursday's big selloff.

Stocks rallied through Friday morning as the stronger-than-expected GDP report seemed to soothe some of the market's recent worries. Better-than-expected readings on consumer sentiment and manufacturing also gave stocks an initial fillip.

But the worries of the last two weeks resurfaced as the session progressed. Last week's selloff was sparked by concerns about China's plan to curtail reckless bank lending and the Obama administration's plan to restrict trading by big banks.

Although technology led the way Friday's selloff was fairly broad based. Intel, Microsoft, IBM, Apple and Hewlett-Packard were among the big decliners.

Treasury prices rose in a classic bid-to-safety move and the dollar firmed up versus other major currencies. The VIX, Wall Street's so-called fear gauge, climbed 3.8% as the stock selloff took hold.

Gross Domestic Product (GDP), the broadest measure of the economy, grew at a 5.7% annual rate in the fourth quarter, better than forecast and more than double the pace it grew in the third quarter. Economists thought GDP would grow between 4.5% to 5.5% after expanding by 2.2% in the previous quarter.

In the day's other economic news, the consumer sentiment index from the University of Michigan rose to 74.4 from 72.8 previously. Economists had forecast a reading of 73.

The Chicago PMI, a regional reading on manufacturing, rose to 61.5 from 58.7 previously. Economists thought it would fall to 57.2.

President Barack Obama was set to unveil a US$33bn package of tax credits later on Friday aimed at sparking more job growth. The plan includes providing a US$5,000 tax credit for each net new employee a business hires.

Dow component Microsoft reported higher quarterly sales and earnings that beat estimates, thanks to strong sales of Windows 7, the company's newest operating system. Nonetheless, shares fell 4% in the big tech selloff.

Amazon.com reported higher quarterly sales and earnings that topped estimates. Shares fell 1% on Friday.

With 220 companies, or 44% of the S&P 500 having already reported results, earnings are on track to have grown 206% from a year earlier, according to the latest estimates from earnings tracker Thomson Reuters. Revenue is on track to have grown 7% versus a year earlier.

The dollar gained versus the euro and the yen.

COMEX gold for February delivery fell 60 cents to US$1,083 an ounce. Gold closed at an all-time high of US$1,218.30 an ounce last month.

US light crude oil for February delivery fell 75 cents to US$72.89 a barrel on the New York Mercantile Exchange.

Treasury prices rallied, lowering the yield on the 10-year note to 3.61% from 3.64% late on Thursday.

For the month of January, the Dow lost 3.5%, its biggest monthly loss since Feb. 2009, when it fell 11.7%. The S&P 500 lost 3.7%, its biggest monthly loss since Feb. 2009, when it lost 11%. The Nasdaq lost 5.4%, for its biggest monthly loss since Feb. 2009, when it gave up 6.7%.

According to the Stock Trader's Almanac, as January goes, so goes the year. More specifically, as the S&P 500 goes, so goes the year. Since 1950, all the declines in Januarys were followed by a new or continuing bear market, a 10% correction or a flat market, meaning less than 5% fall or gain. However, the indicator is not all that accurate. For example, in 2003, the S&P lost 2.7% but still ended the year up 26.4%.

European shares ended January on a positive note on Friday, as strong results from Infineon Technologies and BMW coupled with encouraging US economic reports helped bolster the sentiment. Receding concerns about Greece's fiscal outlook also contributed to the gains.

The pan-European Dow Jones Stoxx 600 index rose 1% to 246.96, paring losses for the month and year to 2.7%.

The German DAX index climbed 1.2% to 5,608.79, while the French CAC-40 index advanced 1.4% to 3,739.46 while the UK's FTSE 100 index rose 0.8% to 5,188.52.

Sensex erases losses…Nifty ends above 4850

The BSE Sensex advanced 51 points to end at 16,357 after touching a high of 16,390 and a low of 15,982. The Nifty gained 15 points to end at 4,882.


Equity markets in Asia ended in the red. The Nikkei in Japan was down 2%, while Australia's S&P/ASX ended lower by 2.2%. The Shanghai SE Composite ended flat and Hang Seng index in Hong Kong was down 1.2%.


In Europe, stocks were trading positive. The DAX in Germany was up 0.8% and the CAC 40 index in France was up 0.7. The FTSE in the UK was up 0.6%.


Coming back to India, the BSE Banking index was the top gainer, adding 3%, followed by the Realty index that was up 2.6% and the BSE Capital Goods index was up 1.2%. The BSE Mid-Cap index gained 1.1% while BSE Small-Cap index was up 1%.


Among the losers were BSE FMCG index down 1.8% and Metal index down 1.5%.


Among the 30-components of Sensex 17 ended in the negative terrain and 13 ended in the green. ICICI Bank, BHEL, DLF, Sun Pharma and SBI ended in the positive terrain. Among the top gainers were, Hindustan Unilever, Wipro, Tata Motors, Tata Steel and Bharti Airtel.


Outside the frontline indices, the big gainers in the broader market were Piramal Healthcare, IFCI, RCF, UCO Bank and Century Textile. On the other hand, losers included Opto Circuit, Jain Irrigation, Madras Cement and Gujarat NRE Coke.