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Nifty ends above 4150: Realty, Power, Bank surge

Published on Wed, Jul 09 at 09:48 , Updated at Thu, Jul 10 at 10:27
Source : moneycontrol.com

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It was very good day for the market, as bulls had an upper hand throughout the day. The BSE Sensex closed near it psychological 14000 mark and Nifty closed above 4150. All BSE sectoral indices ended in positive. Realty, power, bank, FMCG, capital goods, IT and oil & gas stocks witnessed good buying interest.

After yesterday’s 176 points loss on the Sensex, it has rebounded strongly in opening trade following positive cues from global markets, which had surge on the back of fall in crude price to USD 136 per barrel from all time high of USD 146 per barrel.

But following Iran test firing a missile, crude has rebounded from USD 136 levels to USD 137.66 per barrel on the Nymex.

The Sensex was up 614.61 points or 4.60% at 13964.26, and the Nifty was up 168.55 points or 4.23% at 4157.10.

About 2219 shares have advanced, 690 shares declined, and 234 shares are unchanged.

Reliance Infra, Jaiprakash Asso, Tata Motors, ITC, Reliance Comm and TCS were top gainers on the Sensex.

The BSE midcap and small cap indices were up 2.91% and 3.46% respectively.

The BSE realty index was up 6.06% or 280.18 points at 4901.16. Peninsula Land, Omaxe, Unitech, Anant Raj Ind, HDIL and Indiabulls Real surged.

The BSE power index closed up 5.39% or 125.53 points at 2455.87.Lanco Infratech, Reliance Infra, Reliance Power, Suzlon Energy and Power Grid Corp gained.

The BSE bankex ended up 4.87% or 287.39 points at 6183.53. Axis Bank, Kotak Mahindra, Bank of India, HDFC Bank, Union Bank and ICICI Bank spurted up.

The BSE capital goods index ended up 4.70% or 510.62 at 11364.76. Bharat Elec, Alstom Projects, Suzlon Energy, Lakshmi Machine, ABB and Punj Lloyd moved up.

The FMCG index was up 4.61% or 90.05 points at 2042.38. ITC, United Spirits, Dabur India, HUL, P&G gained.

The BSE oil & gas index closed up 4.46% or 389.74 points at 9133.10. Essar Oil, BPCL, GAIL, Reliance and Petronet LNG flared up.

The BSE IT index was up 4.30% or 174.12 points at 4220.07. Aptech, TCS, Tech Mahindra, Infosys and HCL Tech closed in green.

The BSE auto index ended up 3.08% or 107.64 points at 3606.02. Tata Motors, Escorts, Hind Motors, Tube Investment, Bajaj Auto, Hero Honda moved up.

The BSE metal index was up 3.06% or 375.84 points at 12645.62. SAIL, Jindal, Ispat ind, Jai Corp and NMDC gained.

The BSE healthcare index closed up 1.58% or 64.74 points at 4155.12. Wyeth, Cadila, Novartis India Biocon, Glennmark and Matrix Labs ended positive.

Turnover traded by markets stood at Rs 64923.44 crore. This includes Rs 11936.80 crore from NSE Cash segment, Rs 47907.81 crore from NSE F&O and the balance Rs 5078.83 crore from BSE Cash segment.

Market Snapshot

  • Markets end at days high on back of short covering
  • Sensex ends up 615 pts at 13964, Nifty ends up 170 pts at 4157
  • CNX Midcap Index up 3.4% ; BSE Small Cap up 3.5%
  • Index Gainers; Reliance Infra up 11%, Tata Mot up 7.8%, ITC up 7%
  • BSE Realty Index up 6%; Unitech up 7%, DLF up 5%
  • BSE Bank Index up 4.9%; ICICI Bank up 4.5%, SBI up 2.5%, HDFC Bank up 6%
  • BSE Capital Goods Index up 4.7%; ABB up 6%; Siemens up 5.5%; L&T up 5.3%; BHEL up 4.9%
  • Oil and Gas Gainers : RIL up 5%, Essar Oil up 8.2%; BPCL up 8%; GAIL up 7.8%
  • NSE Advance Decline at 6 : 1
  • Total FNO turnover at Rs 47908 cr Vs Rs 41118 cr
  • Total Market Turnover at Rs 64923cr Vs Rs 56817cr on Tuesday

Stocks In News

  • Mundra Port ends up 20%; petition dismissed by SC,construction to resume
  • RCom up 6%; MTN extends exclusive talks with RCom to July 21

Buzzers

  • Banks: Axis Bank up 10%, Kotak Mah up 8%
  • Realty/ Infra: Kolte Patil up 19.5%; MVL up 16%; Indiabulls Real up 7.5%; Lanco Infra up 14%; JP Assoc up 10%
  • Other Gainers: Godrej Ind, Mysore Cem up 13%, Mercator Lines up 12%
  • Recent listings: Tulsi Extrusions up 20%; First Winner up 18%

FNO Snapshot

  • Nifty futures discount at 20 pts Vs 60 pts in the morning
  • Nifty futures add 28 lakh shares in OI
  • More than 90 fno stocks sees gains of more than 5%

Stock Futures

  • Intrest Rate sensitives like Real Estate & Banks sees fresh long build up
  • Power Stocks like Rel Infra & Neyveli Lignite sees fresh long build up
  • Momemtum stocks like Renuka, Ifci, Naga Fert & Rnrl sees long build up

Options Activity:

  • Nifty 4000 put adds 4.5 lakh shares
  • Nifty 4100 put adds 3.4 lakh shares
  • Nifty 4100 call adds 3.2 lakh shares
  • Nifty 4200 call adds 2.3 lakh shares
  • Nifty 4000 call sheds 3.1 lakh shares

Fresh Longs

Momentum Stocks:

  • Renuka up 8.5%; adds 26.8 lakh shares
  • Jp Associates up 11.2%; adds 22 lakh shares
  • Ifci up 8.9%; adds 20 lakh shares
  • RNRL up 7.4%; adds 16.7 lakh shares
  • Punj Lloyd up 6.5%; adds 15 lakh shares
  • Nagarjuna Fert up 5.6%; adds 13.8 lakh shares

 

Continued on Page 2....

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