Morning Bell !!!!..........Market in Red due to Global cues

 

SENSEX  16794.91    -290.43 (-1.70%)                                   NIFTY  5054.65   -84.50 (-1.64%)

The main Indian equity indices have slipped in early morning trade amid reports that European leaders are still divided on the issue of expanding the eurozone rescue fund ahead of this weekend's important summit in Brussels.

A weak assessment of the US economy by the Federal Reserve in it's Beige Book survey is also weighing on the mood partially. As far as domestic cues are concerned, the Finance Minister's admission that key economic targets for FY12 will be difficult to meet has also dampened the sentiment before the RBI's policy meet on Oct. 25.

The BSE Sensex and the NSE Nifty are down by ~1% each at this juncture. The breadth is also weak due to losses in the Small-Cap and Mid-Cap counters. All the sectoral indices on the BSE are in the red, led by Metals, Capital Goods, IT, Oil & Gas, Banking and Realty indices

Source:- India Infoline

Results today: Bajaj Auto, Cairn India, Yes Bank, Ultratech Cement, Indiabulls Real Estate, IDBI Bank, Hexaware Tech, Sterlite Tech, Thermax, Dewan Housing, KPIT Cummins, Dhanlaxmi Bank, Exide, Industries, SREI Infra, Mahindra Forgings, GHCL, Piramal Healthcare, Bajaj Holdings, HSIL, Bharat Bijlee, Noida Toll, Kirloskar Brothers, AGC Networks, Hindustan Media Ventures, Wabco India, Ashapure Minechem, DCW, Deepak Fertilizers, FAG Bearings, Gujarat Alkalies, Gujarat Industries Power, GSFC, Indiabulls Securities, ESAB India, GM Breweries, Gujarat Narmada Valley fertilizer, Sagar Cements, State Bank of Travancore, Swaraj Engines, Nilkamal, Excel Crop Care, Indiabulls Power, Indoco Remedies, Granules India, Repro India, Kewal Kiran Clothing, DB Corp, Fresenius Kabi, Infoedge India

Stock In NEWS

- Moser Baer amicably resolves all issues with 150 striking workers

- AP Paper to use the sale proceeds for expansion in its textile & tea businesses—ET

- Oil companies pitch for fuel price hike; companies forced to borrow as govt hasn’t paid them subsidy for last quarter (ET)

- Marg makes an open offer to acquire 76.5 lakh shares at Rs 91/sh (CMP: 81.70)

- Thomas Cook in talks with Travelex to sell its Forex unit in India (FE)

- Abbott plans to split Medical products and R&B biz, Indian arm to fall under medical products biz –Mint

- Panel mulls 26% hike in tax on bidis & 15% tax on for cigarettes (FE)

- SEBI issues show-cause notice to India Infoline for certain violations, brokerage says seeking consent settlement – Mint

- GVK Power & Infra acquires Siemens 14% stake in Bangalore Intl Airport for Rs 613.82cr ((Holding now 43%))

Source:- Moneycontrol

Asian Markets

Today, the Asian indices are trading in the red with Hang Seng and Shanghai trading lower by 1.7% and 1.5% respectively. Nikkei is down 0.9% while Taiwan is down 0.8%. Strait Times and Kospi are down by 0.4% and 0.2% respectively.

Outlook for Today

Today, we expect the Indian Markets to open lower following weak global cues. However, later during the day it could try and recover part of the losses. Among the sectors, Banking and IT stocks look weak. Sectors like FMCG and Healthcare (defensive sectors) could outperform.

Morning Bell !!!!....Sensex 200+, All sectoral indices on the BSE are in the positive terrain

The key Indian equity benchmarks have advanced in early morning trade, spurred by a firm trend across Asian markets and overnight rally in the US markets.

The positive undertone has been underpinned by an unconfirmed report by a British newspaper that Germany and France have agreed to boost the eurozone bailout fund. another report has cited officials as saying that the UK paper's report is untrue.

  

DLF, SBI, L&T, HDFC Bank, BHEL, ICICI Bank, Tata Steel, Wipro, ONGC, RPower, Maruti, Hero MotoCorp,Tata Motors, HCL Tech, Axis Bank, were among the notable leaders in the Sensex and the Nifty.

All sectoral indices on the BSE are in the positive terrain.

Auto, Realty, Metals, Banking, Consumer Durables and Capital Goods indices are among the top winners so far on the BSE. The FMCG index on the BSE is subdued.

The India VIX on the NSE is down by over 6% at 24.25 after being as low as 24.16. Its previous close was 25.90. In contrast, the CBOEX VIX in the US climbed overnight.

Hindustan Unilever, Bharti Airtel, Tata Power, Siemens, BPCL were among the notable losers in the Sensex and the Nifty.

US stocks climbed amid reports that Germany and France have agreed to shore up the eurozone bailout fund. But, another report has denied the same stating that the debate on the size of the EFSF may continue for a while. Consensus view is unlikely anyways.

Asian markets are holding firm. European indices finished mixed following the fresh downgrade of Spain and a Moody's warning to France over its "AAA" rating outlook.

Bank, Crompton Greaves, Dish TV and Hindustan Zinc will be in focus before their earnings. Hero MotoCorp will also be in the spotlight after its Q2 results.

Results Today:

HDFC Bank, Crompton Greaves, Mastek, Indraprastha Gas, Hindustan Zinc, Biocon, Dish TV, Bajaj Finance, Bajaj Finserv, Alembic, JB chemicals, Rallis India, Zee Learn, Zee News, WWIL, Torrent Power, Navin Flourine, Everest Industries, Manali Petro, Shree Precoated Steels, Ajmera Realty, Kirloskar Industries, Camlin, NRC, Madras Fertilizers, Raymond, Infotech Enterprise, Tata Investment Corp, Nippo Batteries, Excel Industries, RPG Lifesciences, Dolphin Offshore, Supreme Petrochem, Essar Ports, Eclerx, Hinduja Ventures, JSW Ispat

Stock In NEWS

- GVK Power arm ups stake in MIAL to 50.5%

- SEBI may settle insider trading charges against RIL , by asking the co to pay up to Rs 2052 cr (Mint)

- RIL to bid for EL Paso shale assets in USA (TOI)

- GMR , Lanco power plants face cut in D6 Gas supply; govt to take action as GMR’s Tanir Bavi & Lanco’s Kondapalli unit sell power at market rates (ET)

- Glencore looks to buy 24% in Cronimet Alloys for around Rs 50-75 crore (CMP Rs 138.60, M-cap Rs 170 cr)

- Coromandel International board approves issue of bonus debentures in the ratio of 1 debenture of Rs 15/- for every equity share held

- 3I infotech board meet on October 21 to consider rights issue of shares

Source:- Moneycontrol

Asian Markets

Today, the Asian indices are trading mixed with Hang Seng and Nikkei trading higher by 0.9% and 0.6% respectively. Shanghai is down 0.3% while Kospi and Taiwan are down 0.1% respectively. Strait Times is up by 0.3%.

Commodities
Oil for November delivery rose $1.96 to settle at $88.34 a barrel.
Gold futures for December delivery fell $23.80 to settle at $1,652.80 an ounce.

Key Indices

SENSEX            16945.72                197.43 (1.18%)

NIFTY               5098.70                  61.20 (1.21%)

CNX Midcap      7126.35                  78.70 (1.12%)

Outlook for Today

Today, we expect the Indian Markets to open on a positive note following strong global cues. Later, it could take cues from the European markets. Among the sectors, Banking stocks could underperform while Capital Goods, Metals and Oil & Gas look weak.

Closing Bell !!!!!.......TCS and HCL Tech took huge beating as investors disappointed with their quarterly performance

Markets got butchered quite badly on Tuesday on the back of broad based selling. It reacted to a fall in global markets post a statement from German FM.


While the BSE Sensex finally closed 276.8pts or 1.63% lower at 16,748.29, the Nifty lost 80.75pts or 1.58% to close at 5,037.50. Broad market indices too ended lower. While the BSE Midcap index shed 1.21%, the BSE Small Cap index lost 0.99%. Market breadth was negative as the A/D ratio was 0.52:1 on the BSE. NSE cash turnover was Rs.8,797crs. Vs. Rs.9,143crs. in the previous session.

All the sectoral indices ended lower. The top losers were the BSE IT, Realty, Capital Goods and Metal indices. The top gainers from the BSE 30 were Coal India and HDFC Bank. The top losers were TCS, Tata Motors, Hindalco and Sterlite.

With the markets falling sharply today, the immediate supports of 5000 will be crucial levels to watch in the short term. A failure to hold above these levels could see a further correction in the markets.

Morning Bell !!!!............Global cues drag SENSEX 200 pts down

The main Indian equity benchmarks have taken a beating in early morning trade, extending the decline from the previous session, amid renewed doubts over Europe's ability to produce a comprehensive plan to tackle the debt crisis at the Oct. 23 Brussels summit.


Coal India, NTPC, HEROMOTOCO, BPCL, NTPC were among the notable leaders in the Sensex and the Nifty.

Infosys, SBI, ICICI Bank, Jindal Steel, Tata Motors, DLF, Tata Steel, Wipro, TCS, Hindalco Inds, were among the notable losers in the Sensex and the Nifty.

The market breadth is not in favor of the bulls with Small-Cap and Mid-Cap indices also in the red. All sectoral indices on the BSE are trading in a negative terrain.

The BSE IT index is the top loser, down 3% after TCS and HCL Tech results failed to enthuse investors. Both the stocks are down over 6% each. Other It bellwethers - Infosys and Wipro are also down sharply.

Realty, Metals, Banking, Consumer Durables and Capital Goods indices on the BSE are down 1-2%.

Pharma, Oil & Gas and Auto indices have lost 0.5% or more. The remaining indices on the BSE are flat to slightly down

Results Today:

HCL Tech, Hero Motocorp, JSPL, IndusInd Bank, Patni Computer, Petronet LNG, Chambal Fertilizers, Crisil, Coromandel International, NIIT Tech, BOC India, Aditya Birla Money, Torrent Pharma, Maharashtra Scooters, Kirloskar Brothers, Edelweiss Financial, Symphony, Chennai Petro. MM forgings, KSB Pumps, SE Investments, Sutlej Textiles, Blue Star Infotech, Premier, Honeywell Automation, Prism Cement, Fame India, ADOR Welding, Inox leisure, Shalimar Paints, Oudh Sugar mills, Aro Granite Industries.

Stock In NEWS

- Crisil : Board to consider buy back of shares

- Symphony board to consider stock split

- Santowin board approves stock split from Rs 2 to Rs 1/sh

- FDI caps for broadcasting sector set to rise to 74% from the existing 49% (FE)

- Govt suspends manufacture, sale of cancer drug Letrozole - Ranbaxy to be impacted as the company launched this drug on July 25 in UK, Romania & France

Source:- Moneycontrol

Key Indices

SENSEX 16766.78 -258.31 (-1.52%)
NIFTY 5041.60 -76.65 (-1.50%)

CNX Midcap 7055.75 -83.80 (-1.17%)

Closing Bell !!!!!........Markets closed marginally lower amid a choppy session

Markets closed marginally lower amid a choppy session on Monday. This was despite positive global cues. The Sensex/Nifty remained in negative terrain due to a sharp fall in heavyweight Reliance Industries post its second quarter earnings.

While the BSE Sensex finally closed 57.6pts or 0.34% lower at 17,025.09, the Nifty lost 14.05pts or 0.27% to close at 5,118.25. Broad market indices ended on a mixed note. While the BSE Midcap index shed 0.01%, the BSE Small Cap index gained 0.22%. Market breadth was negative as the A/D ratio was 0.92:1 on the BSE. NSE cash turnover was Rs.8,643crs. Vs. Rs.9,930crs. in the previous session.

The sectoral indices ended with a mixed bag. While the top gainers were the BSE Auto, CD and Bankex indices, the top losers were the BSE Oil and Gas, Capital Goods and Power indices. The top gainers from the BSE 30 were Tata Motors, Maruti, DLF and Sterlite. The top losers were Reliance, NTPC, JP Associates and BHEL.
The 5169-5198 Nifty resistances continue to remain crucial resistances to watch in the coming sessions. A failure to move above these resistances could see the Nifty continuing to trade within the 4720-5198 levels.

On the global front, Asian markets closed 1-2% higher while Shanghai rose just 0.4%. European markets were up more than 0.6%, at the time of closing of Indian equities



Morning Bell!!!........S&P downgraded Spain's credit rating,Fitch cut ratings of top UK banks

The Indian market has got off to a cautious start, with the BSE Sensex and the NSE Nifty posting modest gains in early morning trade amid anxiety ahead of today's important inflation numbers. The undertone is also guarded due to weakness in overseas markets. S&P downgraded Spain's credit rating by one notch while Fitch cut ratings of top UK banks and warned about possible downgrade of a number of other top banks.

A warning from the ECB against asking private Eurozone bondholders to take higher haircuts coupled with disappointing Chinese trade data is also weighing on the sentiment. Lower-than-expected earnings from US banking giant JP Morgan has also prompted investors to take a step back following the recent advance.

RIL,Siemens, NTPC, Wipro, Tata Power,Sun Pharma,Jindal Steel,ITC,Ranbaxy, TCS, Cipla were among the notable leaders in the Sensex and the Nifty.

DLF, Coal India, Hindalco Inds, Maruti Suzuki,Tata Steel, ONGC, ACC, HDFC were amongthe notable losers in the Sensex and the Nifty.

Coming back to the Indian markets, the indices seem to be holding on to slim gains after consolidating in the previous session. Indian stocks had rallied on Wednesday, notwithstanding another dour IIP report, as IT major Infosys came out with strong earnings and improved guidance.

Market breadth is positive so far as most indices on the BSE are trading in the positive terrain. Only the BSE Realty index and the BSE Metal index are in the red. The Small-Cap and Mid-Cap indices too are up marginally.

Results Today

Geojit BNP Paribas Financial Services, Balaji Telefilms, Heidelberg Cement, Infomedia 18, Gateway Distriparks, Reliance Industrial Infra, RS Software

Stock In NEWS

- SpiceJet board allots 3.5 crore shares to Kalanithi Maran at Rs 36.48/sh (CMP: 21.05); promoters stake to go up from 38.6% to 43%

- PE firm Carlyle & Advent in race to pick up British Telecom’s 23.2% stake in Tech Mahindra – TOI

- HDFC AMC under SEBI scanner for shady trades; market regulator looking into call records & trade data of some members of fund management (ET)

- Reliance Infra in talks to buy Rs 2000 crore road projects in Tamil Nadu & Karnataka (ET)

- Century Textiles cement business set to merge with Ultratech (BS)

- MPS makes an Open offer to acquire 33 lakh shares at Rs 37/sh (CMP: 37)

- State Cos may be allowed to buy back govt stakes (FE)

Source:- Moneycontrol



KEY INDICES

SENSEX 16927.14 43.22 (0.26%)

NIFTY 5085.35 7.50 (0.15%)
CNX Midcap 7102.60 -3.80 (-0.05%)

Morning Bell !!!!.........Sensex crosses 17000 ,Key Indices Rise on Europe Plan

The key Indian stock indices advanced in early morning trade on the back of solid gains across global markets due to rising hopes that European leaders are showing urgency in handling the credit crisis. Also Fed policymakers last month left the door open for further monetary easing to shore up US economic growth.

TCS, SBI, ONGC, BHEL, RCOM , Infosys, ICICI Bank, Wipro, Tata Motors, M&M, ITC were among the notable leaders in the Sensex and the Nifty.

Axis Bank, Jindal Steel, Sun Pharma, Sesa Goa, RIL, DLF, Maruti Suzuki, RPower, were among the notable losers in the Sensex and the Nifty.

Market breadth is favorable for the bulls as the Small-Cap and Mid-Cap indices have also posted modest gains.

A day after Infosys announced better-than-expected Q2 results and improved guidance. IT stocks are pacing the advance, Infosys is up along with others like TCS, Wipro and HCL Tech. The BSE Teck index is also up by 1%. Banking, CD, Power, PSU and Auto stocks have seen select buying.

The risk trade is back in vogue, at least for the time being amid hopes that the eurozone debt crisis may not get worse from here on and that the US will avoid another recession.

Results Today

AP Paper, Asahi India, Kajaria Ceramics, Piramal Lifesciences, Praj Industries and VST Industries

Stock In NEWS

- Agnus Capital buys 7.43%, Pronomz Ventures buys 14.99% stake in Strides Arcolab at Rs 105/sh (CMP Rs 350/sh)

- ONGC Videsh in pact for 25% share in Kazakh Satpayev oil block

- Jet Airways signs a MoU with Vietnam Airlines for a strategic co-operation

- NRB Bearings board approves scheme of arrangement between NRB bearings & NRB Industrial bearings

- Ashoka Buildcon to dilute stake in arm & raise around Rs 737 crore for its upcoming projects

- DoT asks TRAI to reconsider pricing for excess spectrum; breather for Idea , Bharti & vodafone

- SBI may delay overseas fund –raising plans

- Banking regulator plans to frame new rules for FCCBs; may require companies to set aside funds from profits for redemption of bonds

Source:- Moneycontrol
Indices

SENSEX 17033.26 74.87 (0.44%)

NIFTY 5122.95 23.55 (0.46%)

CNX Midcap 7160.55 49.45 (0.7%)

Morning Bell!!!!....NSE Nifty crossing 5,000 for the first time in October.

The key Indian equity indices have advanced in early morning trade, extending the previous session's strong rally, with the NSE Nifty crossing 5,000 for the first time in October. The BSE Sensex surpassed 16,700 mark.


With this, the Indian markets are now up for a third straight day, and the Nifty is very close to rising above its 50-day moving average (DMA) of 5043.
Both, the Sensex and the Nifty are up nearly 1% each. All the sectoral indices on the BSE are trading in the positive zone. Metals, Banking, Realty, Capital Goods and Consumer
Durables have gained 1-1.5%. Power and Auto indices are up 1% apiece.


DLF, ICICI Bank, HDFC Bank,Tata Power, Bajaj Auto, Reliance Infra, Hindalco Inds,Bharti Airtel,Sterlite Inds,SBI, Tata Steel,L&T were among the notable leaders in the Sensex and the Nifty.


Infosys, ACC, ONGC, BPCL were among the notable losers in the Sensex and the Nifty.


Market breadth is favorable with the Small-Cap and Mid-Cap indices also joining the party for the second successive session. The India VIX is down over 5% at 28.39 as against the previous close of 30.03.


Stock In NEWS
- Unitech to move CLB against JV partner Telenor citing gross mismanagement by the company
- RIL to ink deal with UTV Software to acquire content for its telecom operations
- USA based ADM may buy four plants of KS Oils
- Coal India union claims, company to incur Rs 138 crore loss & production loss of 13 lakh tonnes due to strike
- UB Holdings to raise its borrowing limit to Rs 3500 crore
- SBI slashes rights issue size to Rs 5000 crore, issue likely by December
- CAG has raised fresh concerns about costs claimed by RIL for its D6 block
- UTV to buy 30% more stake in India Games for Rs 94.56 crore


Indices

SENSEX 16748.63 191.40 (1.16%)

NIFTY 5035.80 56.20 (1.13%)

CNX Midcap 7070.95 84.05 (1.2%)