The domestic stock market closed on a firm note on last hour substantial buying in index heavyweights like Hindalco, Tata Motors, ONGC and SBI that closed more than 5% each. The speculators took fresh positions on the first day of the August future and option series. After a strong opening, the key benchmark indices gained more strength and continued its northward journey, hitting their highest level in more than a year coupled with positive cues from the global markets and better than expected India Inc. results. Also, the domestic markets have joined the rally across US and Asian markets with the hope of global economic recovery on track backed by solid overseas corporate results. World equity funds gathered $9.5 billion in the week ending 29 July 2009, as per global fund tracker EPFR Global, highest since June 2008. BRIC (Brazil, Russia, India and China) equity funds seeing net inflows for a 19th consecutive week. India equity funds took in a year-to-date high of $211 million in the most recent week, while China and Greater China stock funds reported $711 million in fresh money. The BSE Sensex ended above15,350 level and NSE Nifty closed above 4,550 mark.
The market opened with strong gains and kept on marching forward till the mid session however, selective profit booking in the late after noon trade led the market to shed most of its gains tracking the weakness in the European markets. However, the market gained strength in the last hour on substantial buying across the counter. The US stock markets on Thursday closed higher. Better than expected earnings report and lack of negative news helped markets gain at broader level. The markets witnessed broad based buying effort along with shot covering. The material sector was in the limelight supported by higher commodity prices and also Dow Chemical (DOW 21.51, +1.24). Visa (V 67.05, +0.27) and MasterCard (MA 194.17, +5.62) both reported upside earnings results of their own and also provided support to the financial sector. The northward movement in the markets was supported by news that the four-week moving average for initial jobless claims fell to its lowest level in months, even though weekly claims climbed more than expected. During final trading hours, market witnessed sharp gains on good buying interest backed by rise in Asian stocks. From the sectoral front, the realty stocka witnessed heavy selling pressures while FMCG along with Oil & Gas and Bankex indices attracted investors’ confidence to close with decent gains.
Among the Sensex pack 23 stocks ended in green territory and 7 in red. The market breadth indicating the overall health of the market remained positive as 1,401 stocks closed in green while 1,299 stocks closed in red and 101 stocks remained unchanged in BSE.
The BSE Sensex closed higher by 282.35 points or (1.83%) at 15,670.31 and NSE Nifty ended up by 65 points or (1.42%) at 4,636.45. BSE Mid Caps and Small Caps closed with gains 64.62 and 1.82 points at 5,571.02 and 6,205.83 respectively. The BSE Sensex touched intraday high of 15,732.81 and intraday low of 15,449.47.
Gainers from the BSE Sensex pack are Hindalco (6.65%), Tata Motors (6.61%), ONGC (5.91%), SBI (5.29%), HUL (3.32%), Reliance Inds (3.01%), ITC (2.99%), Sterlite Inds (2.91%), HDFC Bank (2.73%) and HDFC (2.69%).
Losers from the BSE Sensex pack are Bharti Airtel (3.06%), Reliance Communication (2.11%), Hero Honda (2.08%) and DLF (1.48%) and NTPC (0.78%).
On the global markets front, the Asian markets that opened before the Indian market, ended higher. Shanghai Composite, Nikkei 225, Hang Seng , Seoul Composite and Straits Times ended up by 2.72%, 1.89%, 1.68%, 1.47% and 0.87% at 3,412.06, 10,356.83, 20,573.33, 1,557.29 and 2,659.20 respectively.
The BSE FMCG index ended up by (3.17%) or 84.01 points at 2,738.15. Scrips that gained are United Spirits (6.40%), Nestle Ltd. (6.40%), HUL (3.32%), Tata Tea (3.27%), Godrej Consumer (2.61%) and Ruchi Soya (2.52%).
The BSE Oil and Gas index closed higher by (2.65%) or 245.45 points at 9,480.09. ONGC (5.91%), Aban Offshore (4.57%), Essar Oil (3.89%), Reliance Industries (3.01%) and RPL (2.53%) ended in green territory.
The BSE Bankex index increased by (1.92%) or 159.85 points to close at 8,465.76. Main gainers are SBI (5.29%), Kotak Bank (4.03%), HDFC Bank Ltd. (2.73%), Indus Ind Bank (2.54%), Bank of Baroda (2.50%) and Canara Bank (2.24%).
The BSE IT index advanced by (1.81%) or 70.28 points at 3,962.12. Gainers are Patni Computer (10.31%), Financial Technologies (4.06%), Oracle Fin (5.52%), Infosys Technologies (2.66%) and Mphasis Ltd. (1.23%).
The BSE Consumer Durable index gained (1.60%) or 49.01 points at 3,119.09. Blue Star Ltd. (4.12%), Titan Industries (1.27%) and Gitanjali Gems (1%) closed in positive territory.
The BSE Metal index ended higher by (1.47%) or 180.11 points at 12,395.26. Scrips that gained are Hindalco Industries (6.65%), Gujarat NRE (5.09%), NALCO (5.15%), Sesa Goa (3.82%), Sterlite Industries (2.91%), Jindal Saw (2.64%) and Tata Steel (2.12%).
The BSE Realty index ended down by (1.36%) or 53.79 points at 3,908.77. Scrips that lost are Omaxe Ltd. (3.57%), Akruti City (2.91%), Unitech Ltd. (2.01%), Orbit Co (1.78%) and Phoenix Mill (1.66%).
Hindalco Industries Ltd closed up by 6.65% at Rs. 100.20. The company has posted a net profit of Rs 4805.60 million for the quarter ended June 30, 2009 where as the same was at Rs 6967.60 million for the quarter ended June 30, 2008. Total Income is Rs 39748.10 million for the quarter ended June 30, 2009 where as the same was at Rs 48621.90 million for the quarter ended June 30, 2008.
Tata Power Company Ltd closed higher by 0.63% at Rs. 1302.05. The company posted a net profit after tax and Statutoty Appropriations of Rs 3969.70 million for the quarter ended June 30, 2009 as compared to Rs 1625.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 21133.30 million for the quarter ended June 30, 2008 to Rs 21232.00 million for the quarter ended June 30, 2009.
Aban Offshore Ltd closed up by 4.57% at Rs. 1038.78. The company has posted a net profit of Rs 794.988 million for the quarter ended June 30, 2009 as compared to Rs 715.090 million for the quarter ended June 30, 2008. Total Income has increased from Rs 2714.852 million for the quarter ended June 30, 2008 to Rs 3442.608 million for the quarter ended June 30, 2009.
Great Eastern Shipping Company Ltd (GE Shipping) closed up by 1.94% at Rs. 257.40. The company has posted a net profit after tax of Rs 1262.80 million for the quarter ended June 30, 2009 as compared to Rs 3875.90 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 9914.80 million for the quarter ended June 30, 2008 to Rs 6290.20 million for the quarter ended June 30, 2009.
The market opened with strong gains and kept on marching forward till the mid session however, selective profit booking in the late after noon trade led the market to shed most of its gains tracking the weakness in the European markets. However, the market gained strength in the last hour on substantial buying across the counter. The US stock markets on Thursday closed higher. Better than expected earnings report and lack of negative news helped markets gain at broader level. The markets witnessed broad based buying effort along with shot covering. The material sector was in the limelight supported by higher commodity prices and also Dow Chemical (DOW 21.51, +1.24). Visa (V 67.05, +0.27) and MasterCard (MA 194.17, +5.62) both reported upside earnings results of their own and also provided support to the financial sector. The northward movement in the markets was supported by news that the four-week moving average for initial jobless claims fell to its lowest level in months, even though weekly claims climbed more than expected. During final trading hours, market witnessed sharp gains on good buying interest backed by rise in Asian stocks. From the sectoral front, the realty stocka witnessed heavy selling pressures while FMCG along with Oil & Gas and Bankex indices attracted investors’ confidence to close with decent gains.
Among the Sensex pack 23 stocks ended in green territory and 7 in red. The market breadth indicating the overall health of the market remained positive as 1,401 stocks closed in green while 1,299 stocks closed in red and 101 stocks remained unchanged in BSE.
The BSE Sensex closed higher by 282.35 points or (1.83%) at 15,670.31 and NSE Nifty ended up by 65 points or (1.42%) at 4,636.45. BSE Mid Caps and Small Caps closed with gains 64.62 and 1.82 points at 5,571.02 and 6,205.83 respectively. The BSE Sensex touched intraday high of 15,732.81 and intraday low of 15,449.47.
Gainers from the BSE Sensex pack are Hindalco (6.65%), Tata Motors (6.61%), ONGC (5.91%), SBI (5.29%), HUL (3.32%), Reliance Inds (3.01%), ITC (2.99%), Sterlite Inds (2.91%), HDFC Bank (2.73%) and HDFC (2.69%).
Losers from the BSE Sensex pack are Bharti Airtel (3.06%), Reliance Communication (2.11%), Hero Honda (2.08%) and DLF (1.48%) and NTPC (0.78%).
On the global markets front, the Asian markets that opened before the Indian market, ended higher. Shanghai Composite, Nikkei 225, Hang Seng , Seoul Composite and Straits Times ended up by 2.72%, 1.89%, 1.68%, 1.47% and 0.87% at 3,412.06, 10,356.83, 20,573.33, 1,557.29 and 2,659.20 respectively.
The BSE FMCG index ended up by (3.17%) or 84.01 points at 2,738.15. Scrips that gained are United Spirits (6.40%), Nestle Ltd. (6.40%), HUL (3.32%), Tata Tea (3.27%), Godrej Consumer (2.61%) and Ruchi Soya (2.52%).
The BSE Oil and Gas index closed higher by (2.65%) or 245.45 points at 9,480.09. ONGC (5.91%), Aban Offshore (4.57%), Essar Oil (3.89%), Reliance Industries (3.01%) and RPL (2.53%) ended in green territory.
The BSE Bankex index increased by (1.92%) or 159.85 points to close at 8,465.76. Main gainers are SBI (5.29%), Kotak Bank (4.03%), HDFC Bank Ltd. (2.73%), Indus Ind Bank (2.54%), Bank of Baroda (2.50%) and Canara Bank (2.24%).
The BSE IT index advanced by (1.81%) or 70.28 points at 3,962.12. Gainers are Patni Computer (10.31%), Financial Technologies (4.06%), Oracle Fin (5.52%), Infosys Technologies (2.66%) and Mphasis Ltd. (1.23%).
The BSE Consumer Durable index gained (1.60%) or 49.01 points at 3,119.09. Blue Star Ltd. (4.12%), Titan Industries (1.27%) and Gitanjali Gems (1%) closed in positive territory.
The BSE Metal index ended higher by (1.47%) or 180.11 points at 12,395.26. Scrips that gained are Hindalco Industries (6.65%), Gujarat NRE (5.09%), NALCO (5.15%), Sesa Goa (3.82%), Sterlite Industries (2.91%), Jindal Saw (2.64%) and Tata Steel (2.12%).
The BSE Realty index ended down by (1.36%) or 53.79 points at 3,908.77. Scrips that lost are Omaxe Ltd. (3.57%), Akruti City (2.91%), Unitech Ltd. (2.01%), Orbit Co (1.78%) and Phoenix Mill (1.66%).
Hindalco Industries Ltd closed up by 6.65% at Rs. 100.20. The company has posted a net profit of Rs 4805.60 million for the quarter ended June 30, 2009 where as the same was at Rs 6967.60 million for the quarter ended June 30, 2008. Total Income is Rs 39748.10 million for the quarter ended June 30, 2009 where as the same was at Rs 48621.90 million for the quarter ended June 30, 2008.
Tata Power Company Ltd closed higher by 0.63% at Rs. 1302.05. The company posted a net profit after tax and Statutoty Appropriations of Rs 3969.70 million for the quarter ended June 30, 2009 as compared to Rs 1625.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 21133.30 million for the quarter ended June 30, 2008 to Rs 21232.00 million for the quarter ended June 30, 2009.
Aban Offshore Ltd closed up by 4.57% at Rs. 1038.78. The company has posted a net profit of Rs 794.988 million for the quarter ended June 30, 2009 as compared to Rs 715.090 million for the quarter ended June 30, 2008. Total Income has increased from Rs 2714.852 million for the quarter ended June 30, 2008 to Rs 3442.608 million for the quarter ended June 30, 2009.
Great Eastern Shipping Company Ltd (GE Shipping) closed up by 1.94% at Rs. 257.40. The company has posted a net profit after tax of Rs 1262.80 million for the quarter ended June 30, 2009 as compared to Rs 3875.90 million for the quarter ended June 30, 2008. Total Income has decreased from Rs 9914.80 million for the quarter ended June 30, 2008 to Rs 6290.20 million for the quarter ended June 30, 2009.
No comments:
Post a Comment