Postive sentiments kept markets breezy. Ended positively

Commentary

oi-Shoaib

By Shoaib Md

Published: Thursday, September 15, 2011, 16:43 [IST]

The Indian stocks consolidated positively after government data showed that the food Inflation eased to 9.47% for the week ended September 3. Positive sentiments from Euro zone also supported domestic stock markets in afternoon trade.

RBI's monetary policy review which is scheduled on Friday kept banking stocks active entire trading hours.

The 50-share NSE Nifty closed at 5075, gained by 63 points or 1.26% amid choppy trade and the 30-share BSE gained 167 points or 1% at 16,876.

On NSE, Unitech the most volatilie stocks, which was up 5.65%, followed by JP Associates up by 2.56%.

Top gainers on NSE were Tata Motors, GAIL, DLF, SBI and Sterlite Industries with 5.68%, 4.62%, 4.60%, 4.13% and 3.87%, respectively.

Stocks which ended negatively on Nifty were BHEL (-1.28%), L&T (-1.16), Tata Steel (-1%), Hindustan Lever (0.74%) and Tata Power (-0.67%).

On BSE front, Realty, technology, bank, auto and oil & gas sectors led the rally; respective indices rose 1-3%. However, the sell-off in FMCG and capital goods sectors has limited the upside.

Over the rate-sensitive sectors, SBI surged 3.6% and HDFC gained 2.6%. ICICI Bank and HDFC Bank moved up 1%. DLF from realty space shot up 4%.

4:45 p.m.

Nifty above 5,000. Stock market gains amid volatility

The Nifty index again gained and was hovering at 5,002 level, up by 17 or 0.34%. Meanwhile the Sensex was positive with gains of 50 points to 16,760, reflective a positive movement of 0.30%.

Among the NIfty stocks, the best performing stocks are tata Motors (3.40%), GAIL (3.31%) and DLF (3.23%). Meanwhile the worst performing stocks of the index are Larsen & Toubro (-1.66%) and Tata steel (-1.41%).

The most active stock of the NSE is Unitech followed by JP Associates.

Among the sectoral indices, Capital Goods was worst performing with -0.68% returns. Other sectors in the negative sphere were FMCG -0.56, Metal -0.06% and Health care 0.05%. Among the best performing stocks, Realty with gains of 2.59% was at the top slot.

2:09 p.m.

Sensex down by 92 points. Market participants waiting for RBI policy

The stock market is still under loss. It reaches near its previous close and then falls again.

Sensex is trading at 16,616 level, down by 92 points or 0.56%. Meanwhile, Nifty is at trading at the level of 4,993.55 levels, 19 points or 0.38%.

The markets are trading cautious as the RBI will be releasing its edict on the bankign policy of the country. The tone of the stock market will be set after this policy is released.

According to analysts, if there is a positive surpise then the stock market will go up. If the central banker decides to increase the interest rates then it will send the market in a tailspin.

Among the largecap stocks which populate the Sensex, the best performing stock is DLF with gains of 1.87% and the worst performing stock was Maruti Suzuki, which had fallen by 2.76%.

Then, among Midcap stocks, DB Realty is the best performing stock with gains of 7.14% and Sobha Dev that went up by 5.34%. Among the small cap stocks, Gokaldas Expo has the best performing stock with 13.76%, and the worst performing stock are Modern India with a fall of 6.12%.

12:30 p.m.

Markets become rangebound. Sensex falls 37 points

After positive during pre-opn, the stock market lost its momentum. And soon enough it declined in to the negative side on account of profit booking.

The 30-stock index, that is the benchmark of the Bombay Stock Exchange, Sensex fell by 37.65 points to 16,671.95 reflecting a fall of 0.23%. Meanwhile, the National stock exchange benchmark index Nifty also fell to the oblivian side. The Nifty was trading at 5,006, down 6.55 points or 0.13% on the negative side.

Among the sectoral indices of BSE, Realty performed the best with 1.68%. And the worst performer was Capital Goods with a fall of 0.57%. Other sectors in the negative space were Bankex, FMCGH, Auto and TECk.

In the mid cap space, DB Realty gained the highest with 8.66% followed by Hindusthan Nat 7.66% and GTL with 5.12%. However, Marico and KGN Inds fell the most with 7.04% and 4.79% respectively.

10:10 a.m.

Stock market opens positive. Sensex up 111 points

Following global cue, Indian indices started on a strong foot. They are expected to do well in first half.

Dow Jones closed 140 points up as the international markets hoped that the government will come together and increase everyone's insolvency by bailing out the defaulters.

9.15 a.m.

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