MY: Mkts trade higher; metal, bank, oil exp, cap goods gain
Published on Thu, Jan 01, 2009 at 10:56 , Updated at Thu, Jan 01, 2009 at 11:02
Source
The markets are trading higher with some volatility. Buying in shares of oil exploration, metal, banking, capital goods, real estate and select power companies is supporting the markets. However, shares of oil marketing companies are under pressure due to gain in crude oil prices. Midcap and small cap stocks are on buyers' radar.
The Sensex rose 105 points to 9,752 and the Nifty gained 30 points to 2,989, at 10:53 hours IST. BSE Midcap and Small cap indices went up over 1.5% each.
Markets breadth is positive due to strong broader indices; about 1817 shares have advanced while 938 shares have declined. Nearly 448 shares are unchanged.
Major supporters to the benchmark indices are ONGC, Reliance Industries, ICICI Bank, SAIL, SBI, Sterlite Industries, Infosys, BHEL, TCS, Reliance Communication, NTPC, L&T, HDFC Bank, HDFC and DLF.
Markets @ 10:56 am : Mkts bounce back on 1st day of 2009; RIL, ONGC up
The benchmark indices have opened on a positive note on the first day of 2009. Shares of metal, oil exploration, technology and select capital goods companies are witnessing buying interest. However, shares of oil marketing companies are weak due to gain in crude.
At 9:56 am, the Sensex rose 98 points to 9,745 and the Nifty rose 26 points to 2,985. CNX Midcap 100 went up 22 points to 3,757.
Among the frontliners, Satyam, Cairn, Sterlite Industries, ICICI Bank, Hindalco, Suzlon, Jaiprakash Associates, Tata Steel, Infosys, Wipro, TCS, SAIL, Siemens, ONGC and Reliance Industries are gainers in the early trade.
However, ACC, BPCL, HUL and Bharti Airtel are weak.
Metal stocks rebounded, as base metals gained last night in international markets.
Asian markets are shut today on account of New Year.
US markets finished 2008 on a positive note, gaining 1.4% this session, and 3.9% over the past two sessions. Investors welcome the gains after markets plunged the most since the great depression as financial shares collapsed, energy and metal producers tumbled and the world's biggest economy suffered a year long recession.
The Dow Jones ended up 108 points at 8776. Nasdaq up 26 points at 1577 and S&P 500 up 12 points at 903.
Market cues:
FIIs net buy USD 30.8 million in equity on December 30
MFs net buy Rs 256.5 cr in equity on December 30
NSE F&O Open Int up by Rs 571 cr to Rs 40195 crore
CNBC TV18 poll sees inflation for the week ended 20th December at 6.36 % vs actual no.6.61%
FIIs net sell $13.13 bn in the cash market, which is ~20% of net inflows since 1991
DIIs net buy Rs 72,965 cr in the cash market
MFs (Part of DIIs) net buy Rs 13,350 cr in the cash market
F&O cues:
Nifty ends down 0.7%, Nifty Fut Open Int down 6 lakh shares (- 2%)
Total Fut shed Rs 452 cr in Open Int, Total Options add Rs 1024 cr in Open Int
Nifty Fut trade at 15 pts discount versus 7 pts prem a day ago
Stock Futures add 4.3 lakh shares in Open Int against 5.8 cr in previous 3 days
Nifty Open Int (Put-Call ratio) PCR remains unchanged at 1.06
Nifty call add 13.3 lakh shares in Open Int, Put add 12.5 lakh shares in Open Int
Highest Open Int Outstanding in 3000 call, 2800 put
Nifty 3000 Put add 6.6 lakh shares in Open Int (34%)
Nifty 3000 call add 6.3 lakh shares in Open Int (21%)
NIfty 3100 call add 3.5 lakh shares in Open Int (18%)