Pre Session Indian stock Market Commentary, 18/08/2009

Today indian stock market are likely to open negative as the US markets closed in negative territory after the disappointment over the Japanese economy which showed lower than expected growth of 0.9% during the second quarter. The sentiments across Asia are weak and therefore in the domestic market one could witness another day of selling pressure. During the day the domestic markets are likely to trade range bound with negative bias.

On Monday, Domestic markets closed with heavy losses. The domestic market today nosedived deep into red terrain on huge selling pressure over the ground as unsatisfactory US consumer sentiment report weakened concerns about the recovery in global economy. Market closed near day’s low tracking negative European markets. In addition, weak Asian markets along with lower US index futures also took huge beating on the bourses. Meanwhile, benchmark indices also exhibited weakness on monsoon worries as the country is going towards the worst drought year over the last two decades. The BSE Sensex ended below 14,800 level and NSE Nifty closed below 4,400 mark. During final trading hours, market slipped sharply and widened its negative gap to end the day with huge losses on intense selling pressure over the stocks. From the sectoral front, investors offloaded positions across the sectors. Besides, Realty, Metal, Auto, Oil & Gas, Bank, Capital Goods, FMCG and Consumer Durables stocks contributed to most of the selling pressure. Broader markets also supported the negative sentiments as BSE Midcap and Smallcap stocks lost more than 3% each.

The BSE Sensex closed lower by 626.71 points or (4.07%) at 14,784.92 and NSE Nifty ended down by 24.95 points at 4,580.05. BSE Mid Caps and Small Caps closed with losses of 218.30 and 200.85 points at 5,385.51 and 6,211.71 respectively. The BSE Sensex touched intraday high of 15,284.23 and intraday low of 14,740.63.

On Monday, US stock markets closed lower. Profit taking in the wake of slower-than-expected economic growth in Japan triggered a global sell-off that sent stocks below their recent trading ranges and handed the major U.S. indices their worst single-session percentage loss in six weeks. With stocks looking overextended in the near term, overseas participants moved against stocks upon learning that Japan''s economy expanded at a slower-than-expected rate of 0.9% in the second quarter. In turn, Japan''s Nikkei shed 3.1%, while several other major Asian averages also finished with losses exceeding 3%. US light crude oil futures for September delivery closed at $66.75 per barrel lower by 1.1% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed lower by 186.06 points at 9,135.34, NASDAQ index declined by 54.68 points to 1,930.84 and the S&P 500 (SPX) closed lower by 24.36 points at 979.73.

Today major stock markets in Asia are trading negative. Japan''s Nikkei is trading down by 21.42 points at 10,247.19 followed by Hang Seng which is trading lower by 155.59 points at 19,982.155.59, and Taiwan Weighted is trading also trading lower by 132.77 points at 6,843.27.

Indian ADRs plunged on Monday. In the IT space, Satyam Computers was down 6.36%, Patni Computers was down 5.77%, Wipro was down 4.8% and Infosys was down 3.13%. In the banking space, ICICI Bank was down 6.82% and HDFC Bank was down 2.75%. In the telecom space, Tata Communication was down 6.12% and MTNL was down 4.8%. In other sectors, Sterlite Industries was down 8.63%, Tata Motors was down 7.63% and Dr Reddy''s Labs was down 5.04%.

The FIIs on Monday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 2,639.90 Crore and gross debt purchased stood at Rs 447.60 Crore while the gross equity sold stood at Rs 1,609.20 Crore and gross debt sold stood at Rs 821.00 Crore. Therefore, the net investment of equity reported was Rs 1,030.70 Crore and net debt was Rs (373.40) Crore.

On Monday, the partially convertible rupee ended at 48.95/96 per dollar, 1.47% weaker than previous close at 48.24/25. Rupee lost the strength against the dollar on the back of huge selling pressure in the local stock markets that led to huge losses in benchmark indices raising further concerns of greenback inflow.

On BSE, total number of shares traded were 37.72 Crore and total turnover stood at Rs 4,977.50 Crore. On NSE, total number of shares traded were 83.57 Crore and total turnover was Rs 15,425.56 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with total volume traded 60045516 shares, followed by Unitech with 48357785, DLF with 10765817, Tata Steel with 9396975 and Idea Cellular with 8828467 shares.

On NSE Future and Options, total number of contracts traded in index futures was 787408 with a total turnover of Rs 16,578.8 Crore. Along with this total number of contracts traded in stock futures were 526933 with a total turnover of Rs 16,261.97 crore. Total numbers of contracts for index options were 1596210 with a total turnover of Rs 36,217.85 Crore and total numbers of contracts for stock options were 60574 and notional turnover was Rs 1,924.57 Crore.

Today, Nifty would have a support at 4,491 and resistance at 4,596 and BSE Sensex has support at 14,536 and resistance at 14,896.

Pre Session Indian stock Market Commentary, 17/08/2009

Today Indian stock market are likely to open negative as majority of Asian markets are trading with heavy losses. Nikkei has conceded more than 2% loss on the back of concerns of weak consumer sentiment in the US. However Japan’s economy grew by 0.9% in April-June quarter marking its fist expansion in the last five quarters. The sentiments across Asia are weak and therefore in the domestic market one could witness an early selling pressure erupting across broader level. During the day the domestic markets are likely to trade negative.

On Friday, domestic markets closed with staggering gains. After previous session’s strong rally, the domestic market closed the today’s instable session in red terrain on profit booking. Depressing US index futures weighed on the sentiments. Benchmark indices were under pressure also on concerns regarding poor monsoon. However, market tried to recover during mid session on the positive Asian markets and firm European markets, though were unable to continue the respite. The BSE Sensex ended below 15,450 level and NSE Nifty closed below 4,500 mark.

The BSE Sensex closed lower by 106.86 points at 15,411.63 and NSE Nifty ended down by 24.95 points at 4,580.05. BSE Small Caps closed with gains of 25.51 points at 6,412.56 whereas BSE Mid Caps ended with losses of 50.8 points at 5,603.81. The BSE Sensex touched intraday high of 15,535.47 and intraday low of 15,367.61.

On Friday, US stock markets closed lower. There was broad based selling pressure on the back of some latest dose of data. July CPI and core CPI were released ahead of the opening bell, which showed a monthly growth of 0.1%. The July CPI data was inline with expectations and therefore hardly affected the market sentiments. The Industrial production data for July recorded a stronger than expected growth of 0.5%. Material stocks were the laggards of the day with a loss of 2.7% followed by Retailers that shed 1.7%. Financial stocks provided a lot of support to the markets as they pared their early losses of 2% to close with modest loss of 0.5% only. US light crude oil futures for September delivery closed at $67.29 per barrel lower by 4.6% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed lower by 76.79 points at 9,321.40, NASDAQ index declined by 23.83 points to 1,985.52 and the S&P 500 (SPX) closed lower by 8.64 points at 1004.09.

Today major stock markets in Asia are trading negative. Japan''s Nikkei is trading down by 246.62 points at 10,521.02 followed by Hang Seng which is trading lower by 596.60 points at 20,471.77 and Taiwan Weighted is trading also trading lower by 84.02 points at 7,034.27.

Indian ADRs ended mixed on Friday. In the IT pack, Infosys was down 2.19%, Satyam was down 1.96%, Wipro was down 1.53%, while Patni was up 0.93%. In the Telecom space, MTNL was down 3.65% but Tata Comm was up 1.88%. In the banking lot, ICICI Bank was down 2.93%, while HDC Bank was up 0.59%. In the other sectors, Dr Reddys was down 0.72%, Tata Motors was down 3.51% and Sterlite was down 1.38%.


On Friday, the partially convertible rupee ended at 48.24/25 per dollar, 0.3% weaker than previous close at 48.11/12. It rupee weakened duet to lackluster local stocks markets and also slowing economic growth after weak monsoon rains dented the outlook for farm output.

On BSE, total number of shares traded were 44.38 Crore and total turnover stood at Rs 5,649.97 Crore. On NSE, total number of shares traded were 90.76 Crore and total turnover was Rs 16,421.25 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 40787003 shares, followed by Suzlon Energy with 38859379, DLF with 14406199, Hindalco with 12990865 and Tata Steel with 11898887 shares.

On NSE Future and Options, total number of contracts traded in index futures was 712281 with a total turnover of Rs 15,422.16 Crore. Along with this total number of contracts traded in stock futures were 548389 with a total turnover of Rs 17,775.52 crore. Total numbers of contracts for index options were 1243373 with a total turnover of Rs 28,858.95 Crore and total numbers of contracts for stock options were 55779 and notional turnover was Rs 1,835.09 Crore.

Today, Nifty would have a support at 4,486 and resistance at 4,532 and BSE Sensex has support at 15,065 and resistance at 15,236.

Pre Session Indian stock Market Commentary, dated 14/08/2009

Today Indian stock are likely to open positive as there is moderate buying sentiments prevailing across broader level. The US markets closed with minimal gains due to disappointing macro economic data however the resurgence of European economy is likely to bring a lot of confidence across Asian markets. Today one could expect a range bound trade with positive bias.

On Thursday, Domestic markets closed with staggering gains. Market rallied sharply following firm European markets along with positive US index futures and higher Asian stocks. Further, strong industrial production (IIP) also boosted investor’s sentiments, which expanded 7.8% in June 2009, at the fastest pace in 16 months. The draft direct tax code, which proposes to reduce tax rates on individual and corporate and scrapping of the Securities Transaction Tax (STT) also contributed to the upward movement across the board. Meanwhile, inflation fell to the lowest in three decades to (-) 1.74% for the week ended 1st August 2009. During final trading hours, market gained further grounds and concluded its upward journey with strong gains. From the sectoral front Realty, Metal, Bank, Auto, Capital Goods, FMCG, PSU and Power witnessed most of the buying from these baskets.

The BSE Sensex closed higher by 498.33 points or (3.32%) at 15,518.49 and NSE Nifty ended up by 147.50 points or (3.31%) at 4,605. BSE Mid Caps and Small Caps closed with gains of 194.36 and 252.12 points at 5,608.89 and 6,387.05 respectively. The BSE Sensex touched intraday high of 15,545.13 and intraday low of 15,207.96.

On Thursday, US stock markets closed higher. There was lot of optimism and strong buying sentiment during the opening bell as German and French economies both exceeded expectations by posting second quarter growth of 0.3%. However array of bad US economic news tarnished the shine of stocks. Total retail sales for July made an unexpected 0.1% decline and sales less autos fell a sharper-than-expected 0.6%. Initial jobless claims were also higher than expected at 558,000 and propelled the 4-week moving average up to 565,000 from 556,500. Meanwhile, continuing claims made a larger-than-expected retreat to 6.20 million, but the drop is most likely from unemployed workers losing their benefits. US light crude oil futures for September delivery closed at $70.65 per barrel higher by 0.7% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed higher by 36.58 points at 9,398.19, NASDAQ index inclined by 10.63 points to 2,009.35 and the S&P 500 (SPX) closed higher by 6.92 points at 1012.75.

Today major stock markets in Asia are trading mixed. Shanghai Composite is low by 74.47 points at 3,066.92. Japan''s Nikkei is trading up by 60.46 points at 10,577.65 followed by Strait Times which is trading lower by 0.26 points at 2,613.92 and Seoul Composite is trading higher by 15.97 points at 1,580.61. Hang Seng is trading low by 190.63 points at 20,670.67.

Indian ADRs ended mostly up on Thursday. In the banking space, ICICI Bank was up 4.14% and HDFC Bank was up 2.01%. In the telecom space, Tata Communication was up 3.69% and MTNL was up 1.48%. In the IT space, Satyam Computers was up 2.94%, Patni Computers was up 3.26%, Wipro was up 0.9% while Infosys was down 0.37%. In other sectors, Sterlite Industries was up 4.41%, Tata Motors was up 3.2% while Dr Reddy''s Labs was down 0.06%.

The FIIs on Thursday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 2,595.00 Crore, while the gross equity sold stood at Rs 2,705.50 Crore and gross debt purchased stood at Rs 119.60 Crore, while gross debt sold stood at Rs 285.50 Crore. The net investment of equity reported was Rs (110.50) Crore and net debt was Rs (165.80) Crore.

On BSE, total number of shares traded were 48.06 Crore and total turnover stood at Rs 6,105.39 Crore. On NSE, total number of shares traded were 96.66 Crore and total turnover was Rs 17,892.37 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 60974334 shares, followed by Suzlon Energy with 46635075, DLF with 13008636, Hindalco with 11631313 and Tata Steel with 10466794 shares.

On NSE Future and Options, total number of contracts traded in index futures was 704015 with a total turnover of Rs 15,182.35 Crore. Along with this total number of contracts traded in stock futures were 596910 with a total turnover of Rs 18,937.86 crore. Total numbers of contracts for index options were 1283432 with a total turnover of Rs 29,578.09 Crore and total numbers of contracts for stock options were 57906 and notional turnover was Rs 1,853.89 Crore.

Today, Nifty would have a support at 4,568 and resistance at 4,655 and BSE Sensex has support at 15,425 and resistance at 15,675.

Pre Session Indian stock Market Commentary dated 13/08/2009

Today Indian stock Market likely to open with positive as all the Asian markets are also trading in northward direction. The US markets closed with gains on the Fed’s accompanying statement and also the fed funds rate remaining unchanged at 0.00-2.00%. In the domestic arena the IIP data for the month of June recorded phenomenal growth of 7.8% which helped markets to rebound during the previous day’s trade. Today one could expect some rebound happening across the broader level.

On Wednesday, Domestic markets closed negative after late buying. Market opened on downbeat note tracking weak cues from the global markets. The Asian markets were down and US stocks markets closed lower on Tuesday, due to broad based selling led by banking stocks. Stocks skidded for the second consecutive day as investors awaited the Federal Reserve''''s latest decision on monetary policy and guidance on the outlook for recovery from the recession. Further, the investors were closely watching the industrial output that was data due later in the day. The IIP improved sharply in the month of June 2009 reporting a growth of 7.8%. Stocks continued to extend losses till afternoon mainly on concern that lesser than normal rain may weigh down economic recovery. However, market started recovering during final trading hours and minimized losses at the end on positive European markets. From the sectoral front, IT, Metal, PSU, Oil & Gas, Bank and Capital Goods witnessed most of the selling pressure. However, Realty, Pharma and Auto stocks were able to gain favour from the market. The BSE Midcap and Smallcap indices also remained on buyers’ radar.

The BSE Sensex closed lower by 54.43 points at 15,020.16 and NSE Nifty ended down by 13.85 points at 4,457.50. BSE Mid Caps and Small Caps closed with gains of 15.11 and 28.71 points at 5,414.53 and 6,134.93 respectively. The BSE Sensex touched intraday high of 15,043.62 and intraday low of 14,071.05.

On Wednesday, US stock markets closed higher. FOMC leaves the fed funds rate unchanged at 0.00% to 2.00%. There was no negative news in the markets and therefore a lot of buying supported extended gains across broader level. Traders were also concerned about Fed''s accompanying statement, which indicated that the FOMC expects inflation to remain subdued for some time and economic activity is likely to remain weak for some time. The FOMC also said sluggish income growth will constrain household spending, though members hold the belief that economic activity is leveling out. Financial stocks were the leaders with gains of 2.0%, whereas consumer staples were the laggard of the day. US light crude oil futures for September delivery closed at $70.16 per barrel higher by 1.0% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed higher by 120.61 points at 9,361.61, NASDAQ index inclined by 28.99 points to 1,998.72 and the S&P 500 (SPX) closed higher by 11.46 points at 1005.81.

Today major stock markets in Asia are trading in positive territory. Shanghai Composite is low by 12.32 points at 3,100.39. Japan''s Nikkei is trading up by 99.25 points at 10,534.25 followed by Strait Times and Seoul Composite which are also trading higher by 40.16 and 11.09 points at 2,611.47 and 1,576.44 respectively. Hang Seng is up by 397.65 points at 20,832.89 and Taiwan Weighted is up by 116.58 points at 7,015.48.

Indian ADRs ended in green on Wednesday. In the banking space, ICICI Bank was up 3.78% and HDFC Bank was up 1.83%. In the telecom space, MTNL was up 3.58% and Tata Communication was up 2.63%. In the IT space, Patni Computers was up 4.27%, Infosys was up 0.87%, Satyam Computers was up 3.22% and Wipro was up 1.84%. In other sectors, Tata Motors was up 4.80%, Sterlite Industries was up 1.62% and Dr Reddy''s Labs was up 1.41%.

The FIIs on Wednesday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 2,894.10 Crore, while the gross equity sold stood at Rs 2,190.00 Crore and gross debt purchased stood at Rs 91.80 Crore, while gross debt sold stood at Rs 254.30 Crore. The net investment of equity reported was Rs 704.20 Crore and net debt was Rs (162.50) Crore.

On Wednesday, the partially convertible rupee ended at 48.36/37, 0.83% weaker than its previous close at 47.96/97. The negative trading in the domestic markets pulled the local currency against dollar.

On BSE, total number of shares traded were 39.48 Crore and total turnover stood at Rs 5,917.26 Crore. On NSE, total number of shares traded were 77.08 Crore and total turnover was Rs 15,992.79 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 60299149 shares, followed by Suzlon Energy with 43263196, Tata Steel with 15207451, DLF with 13292541 and Hindalco with 10913902 shares.

On NSE Future and Options, total number of contracts traded in index futures was 847356 with a total turnover of Rs 18,006.14 Crore. Along with this total number of contracts traded in stock futures were 516285 with a total turnover of Rs 15,877.74 crore. Total numbers of contracts for index options were 1234591 with a total turnover of Rs 28,200.10 Crore and total numbers of contracts for stock options were 45336 and notional turnover was Rs 1,435.39 Crore.

Today, Nifty would have a support at 4,486 and resistance at 4,512 and BSE Sensex has support at 15,098 and resistance at 15,235.

Indian Stock Market Commentary Headline : Pre Session Market dated 11/08/2009

Today Indian Stock Market likely have gap down opening on the back of weak global cues as US markets closed lower on Monday. However, Asian markets are trading mixed in early trading. Additionally, lower than normal monsoon rains and spread of the deadly swine flu in the country will also fuel the sentiments. Domestic stockss may witness volatility during the trading.

On Monday, Market belled the day on positive note backed by the firm cues from the US and Asian markets. The US stocks markets closed higher on Friday by logging impressive gains for the week due to the better-than-expected jobs report. Moreover, US jobs report revealed that fewest amount of job losses in nearly one year by coming in at 247,000 for July as against the consensus estimate called for 350,000 job losses. Further, Indian benchmark indices turned volatile soon after start and pared all initial gains. However, market managed to regain strength and moved into positive before losing strength yet again. Going ahead, stocks continued to swing between positive and negative terrain without any sign of recovery. During the final trading hours, market slipped sharply to close with losses on weak European markets. Investors’ were also worried on lesser than normal rain that may interrupt a hopeful revival in the domestic economy. From the sectoral front, most of the selling was observed in Auto, FMCG, Capital Goods, Realty, PSU, Power and Bank stocks. The border market indices also followed the same trend as BSE Midcap and Smallcap indices ended with losses of more than 2% each. However, IT and Teck stocks remained in limelight as witnessed most of the buying from these baskets.

The BSE Sensex closed lower by 150.47 points or (0.99%) at 15,009.77 and NSE Nifty ended down by 43.75 points or (0.98%) at 4,437.65. BSE Mid Caps and Small Caps closed with losses of 92.77 and 120.73 points at 5,340.48 and 6,073.03 respectively. The BSE Sensex touched intraday high of 15,417.34 and intraday low of 14,902.02.

On Monday, US stock markets closed lower on profit booking after a four-week rally. Stocks slipped also ahead of vital economic data, including Federal Reserve''s statement on interest rates, due this week. Market was choppy during the trading in the absence of market-moving earnings announcements and no economic data. US light crude oil futures for September delivery closed at $70.62 per barrel lower by 0.4% on the New York Mercantile Exchange. Oil prices fell ahead of this week''s U.S. consumer spending data that could shed light on the strength of the economic recovery.

The Dow Jones Industrial Average (DJIA) closed lower by 32.12 points at 9,337.95, NASDAQ index declined by 8.01 points to 1,992.24 and the S&P 500 (SPX) closed lower by 3.38 points at 1,007.10.

Today major stock markets in Asia are trading mixed. Shanghai Composite is up by 2.11 points at 3,251.87. Japan''s Nikkei is trading high by 20.67 points at 10,544.93 followed by Strait Times and Seoul Composite up by 36.15 and 0.33 points at 2,585.50 and 1,576.44 respectively. However, Hang Seng is down by 51.81 points at 20,877.71 and Taiwan Weighted is low by 59.59 points at 6,823.28.

Indian ADRs ended mixed on Monday. However, losers outnumbered the gainers. In the banking space, ICICI Bank was down 5.91% and HDFC Bank was down 3.01%. In the telecom space, MTNL was down 5.71% and Tata Communication was down 2.57%. In the IT space, Infosys was down 1.03%, Satyam Computers was down 0.54% while Wipro was up 1.89% and Patni Computers was up 3.54%. In other sectors, Dr Reddy''s Labs was down 3.75%, Tata Motors was down 2.46% and Sterlite Industries was down 2.25%.

The FIIs on Monday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 2,141.80 Crore, while the gross equity sold stood at Rs 2,987.90 Crore and gross debt purchased stood at Rs 463.40 Crore, while gross debt sold stood at Rs 699.60 Crore. The net investment of equity reported was Rs (846.10) Crore and net debt was Rs (236.30) Crore.

On Monday, the partially convertible rupee ended at 47.81/82, 0.08% stronger than its previous close at 47.85/86. Expectations of inflows from institutional share placements helped rupee gain strength.

On BSE, total number of shares traded were 38.90 Crore and total turnover stood at Rs 5,536.76 Crore. On NSE, total number of shares traded were 84.85 Crore and total turnover was Rs 17,133.82 Crore.

Top traded volumes on NSE Nifty – Suzlon Energy with total volume traded 63215845 shares, followed by Unitech with 52117641, Bharti Airtel with 15902099, Hindalco with 12831031 and Tata Steel with 11816809 shares.

On NSE Future and Options, total number of contracts traded in index futures was 877483 with a total turnover of Rs 18,656.28 Crore. Along with this total number of contracts traded in stock futures were 535813 with a total turnover of Rs 16,498.55 crore. Total numbers of contracts for index options were 1379213 with a total turnover of Rs 31,772.73 Crore and total numbers of contracts for stock options were 49937 and notional turnover was Rs 1,565.92 Crore.

Today, Nifty would have a support at 4,352 and resistance at 4,524 and BSE Sensex has support at 14,719 and resistance at 15,294.

Indian Stock Market Commentary : Pre Session Indian Stock Market Headline Date, Aug-10-2009

Today domestic markets are likely to open positive as majority of Asian markets are trading in green on the back of positive closing of US markets last Friday. The US job losses for the month of July clicked at 247,000 as against the consensus estimates of 350,000. And also the unemployment rate has eased at 9.4% from 9.5%. Majority of markets across Asian have cheered the positive macro economic news coming from US. In the domestic arena one could witness a positive opening followed by northward trend.

On Friday, Market extended yesterday’s losses and opened sharply lower backed by negative cues from the global markets. The US stocks markets ended on downbeat note on Thursday for the second straight session after a solid start. The major indices opened higher following smaller-than-expected weekly initial jobless claims, even though continuing claims were more-than-expected. Further, benchmark indices were trading with volatility and managed to lessen some of the losses. However, market was unable to hold the same momentum and slipped again as profit booking continued across the sectorial indices. Further, the weak cues across the Asian markets also fueled the sentiments today. Market continued to extend losses and slipped sharply during final trading to end the day with huge losses. From the sectoral front, all indices closed in red. Among those, Consumer Durables, Auto, Realty, Bank, Power, Capital Goods, FMCG and Metal stocks were major draggers, which pulled down the market. Continuous selling also pulled down the border market indices as BSE Midcap and Smallcap indices ended lower.

The BSE Sensex closed lower by 353.79 points or (2.28%) at 15,160.24 and NSE Nifty ended down by 104.10 points or (2.27%) at 4,481.40. BSE Mid Caps and Small Caps closed with losses of 126.01 and 121.03 points at 5,433.25 and 6,193.76 respectively. The BSE Sensex touched intraday high of 15,501.94 and intraday low of 15,104.

On Friday, US stock markets closed higher. Markets opened with phenomenal gains backed by broad based buying. There was strong positive sentiment prevailing across the broader level on the back of better than expected Nonfarm payrolls data. Job losses for the month of July recorded at 247,000 much lower than the consensus estimate of 350,000. Further, the unemployment rate eased back for the first time since April by coming in at 9.4%, down from 9.5% and also lower than the expected 9.6%. Nine of the major 10 sectors finished higher. Energy stocks fell by 0.1% due to strengthening dollar that further pulled the oil prices by 1.5%. AIG (AIG 27.14, +4.61) was top gainer in the financial sector after posting its first profit since 2007. US light crude oil futures for September delivery closed at $70.88 per barrel lower by 1.5% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed higher by 113.81 points at 9,370.07, NASDAQ index inclined by 27.09 points to 2,000.25 and the S&P 500 (SPX) closed higher by 13.40 points at 1,010.48.

Indian ADRs ended mixed on Friday. In the IT space, Satyam Computers was down 1.25%, Infosys was up 0.14%, Patni Computers was up 2.16% and Wipro was up 1.25%. In the banking space, HDFC Bank was up 0.95% and ICICI Bank was down 5.41%. In the telecom space, MTNL was down 0.96% and Tata Communication was up1.73%. In other sectors, Sterlite Industries was down 0.07%, Dr Reddy''s Labs was up 2.38% and Tata Motors was up 1.06%.

The FIIs on Friday stood as net sellers in equity and debt. Gross equity purchased stood at Rs 2,580.90 Crore, while the gross equity sold stood at Rs 2,827.40 Crore and gross debt purchased stood at Rs 228.50 Crore, while gross debt sold stood at Rs 295.40 Crore. The net investment of equity reported was Rs (246.50) Crore and net debt was Rs (66.90) Crore.

On Friday, the partially convertible rupee ended at 47.85/86, 0.35% weaker than its previous close at 47.68/69. The rupee lost grounds due to downtrend in local stock markets which fell sharply for the second consecutive day.

On BSE, total number of shares traded were 40.78 Crore and total turnover stood at Rs 5,442.57 Crore. On NSE, total number of shares traded were 91.45 Crore and total turnover was Rs 17,655.37 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 60167483 shares, followed by Suzlon Energy with 46799627, Tata Steel with 17035801, DLF with 13363854 and Hindalco with 12576733 shares.

On NSE Future and Options, total number of contracts traded in index futures was 822708 with a total turnover of Rs 17,580.66 Crore. Along with this total number of contracts traded in stock futures were 549564 with a total turnover of Rs 16,973.98 crore. Total numbers of contracts for index options were 1239865 with a total turnover of Rs 28,846.15 Crore and total numbers of contracts for stock options were 57212 and notional turnover was Rs 1,830.48 Crore.

Today, Nifty would have a support at 4,515 and resistance at 4,572 and BSE Sensex has support at 15,215 and resistance at 15,396.

Indian Stock Market Commentary : Pre Session Indian Stock Market Headline Date, Aug-07-2009

Today domestic markets are likely to open negative as there are bearish sentiments prevailing across other markets. The US markets closed lower after unimpressive July same stores data. There is hardly any guidance from other markets and therefore one could witness some consolidation happening across domestic markets as well. Markets are likely to trade range bound today.

On Thursday, Domestic markets opened on downbeat note tracking weak cues from global markets. The US stocks markets closed lower on Wednesday following some weaker-than-expected economic reports. The ISM services index for July unexpectedly slipped to 46.4 from 47 in June. Besides, the latest ADP employment report in US indicated that 3.71 lakh jobs were slashed in July. Further, benchmark indices continued to trade weak amid volatility on sustained selling over the counters. However, market managed to gain some ground during afternoon trade tracking gains in European stocks, before slipping again. Going ahead, stocks extended losses and nosedived during final trading backed by strong selling pressure. From the sectoral front, investors off-loaded positions across the sectors. Besides, most of the selling was witnessed in Auto, Realty, Metal, FMCG, Power, Consumer Durables, Capital Goods and IT stocks. BSE Midcap and Smallcap indices also remained under pressure.

The BSE Sensex closed lower by 389.80 points or (2.45%) at 15,514.03 and NSE Nifty ended down by 108.65 points or (2.31%) at 4,585.50. BSE Mid Caps and Small Caps closed with losses of 136.07 and 82.59 points at 5,559.26 and 6,314.79 respectively. The BSE Sensex touched intraday high of 15,969.81 and intraday low of 15,443.22.

On Thursday, US stock markets closed lower. Markets opened with solid gains however the unimpressive data of July same store sales pulled the market sentiments. On the other hand, the smaller-than-expected weekly initial jobless claims tally of 550,000 was positive driving news for the traders. Meanwhile the continuing claims were more-than-expected at 6.31 million, up from the previous week. Traders are also waiting for the Non-farm payrolls data for the month of July that is due to be declared today before the opening bell. In sector specific Financials which were logging gains for the past five consecutive sessions ended with losses of 0.7%. US light crude oil futures for September delivery closed at $71.94 per barrel lower by 0.1% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed lower by 24.71 points at 9,256.26, NASDAQ index declined by 19.89 points to 1,973.16 and the S&P 500 (SPX) closed lower by 5.64 points at 997.08.

Indian ADRs ended in red on Thursday. In the IT space, Satyam Computers was down 6.05%, Infosys was down 2.14%, Patni Computers was down 2.97% and Wipro was down 0.85%. In the banking space, HDFC Bank was down 2.67% and ICICI Bank was down 1.7%. In the telecom space, MTNL was down 2.12% and Tata Communication was down 0.83%. In other sectors, Sterlite Industries was down 5.11%, Dr Reddy''s Labs was down 3.76% and Tata Motors was down 2.84%.

The FIIs on Thursday stood as net sellers in equity and net buyers in debt. Gross equity purchased stood at Rs 1,948.90 Crore, while the gross equity sold stood at Rs 2,429.40 Crore and gross debt purchased stood at Rs 196.90 Crore, while gross debt sold stood at Rs 71.40 Crore. The net investment of equity reported was Rs (480.40) Crore and net debt was Rs 125.50 Crore.

On Thursday, the partially convertible rupee ended at Rs 47.68/69, 0.3% weaker than its previous close at 47.52/53. The rupee lost grounds due to drastic fall in local stock markets.

On BSE, total number of shares traded were 56.78 Crore and total turnover stood at Rs 7,169.11 Crore. On NSE, total number of shares traded were 113.30 Crore and total turnover was Rs 21,070 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 65119620 shares, followed by Suzlon Energy with 35254386, Hindalco with 15388145, DLF with 14618793 and ICICI Bank with 13908696 shares.

On NSE Future and Options, total number of contracts traded in index futures was 959421 with a total turnover of Rs 21,171.56 Crore. Along with this total number of contracts traded in stock futures were 670402 with a total turnover of Rs 21,194.51 crore. Total numbers of contracts for index options were 1241929 with a total turnover of Rs 29,475.34 Crore and total numbers of contracts for stock options were 60942 and notional turnover was Rs 1,977.99 Crore.

Today, Nifty would have a support at 4,478 and resistance at 4,622 and BSE Sensex has support at 15,322 and resistance at 15,610.

Pre Session Indian stock Market Commentary Jul-31-2009

Today domestic markets are likely to open positive as majority of Asian markets have opened in the positive territory. There was a lot of short covering in yesterday''s trade due to F&O expiry, which helped benchmark indices mark gains. There is some positive momentum prevailing across the world which will benefit to bolster the domestic sentiments as well. Broad based buying effort could emerge during the day''s trade.

On Thursday, domestic markets closed higher. The domestic market rebounded sharply from initial losses to close near day’s high after exhibiting instability during the early trading hours. Speculators contributed to upward movement as indulged in covering short positions on the last day of the expiry of the July contracts in derivatives. Firm trading in European markets along with recovery in Asian markets and higher US index futures also added to the positive sentiments. In addition, market gained ground during afternoon trade after initial slide, also on encouraging first-quarter earnings by State Bank of India. The bank reported 42.03% rise in its net profit in first quarter. Meanwhile, inflation for week ended July 18 it came in at -1.54% as compared to -1.17% for the previous week ended July 11, 2009. The BSE Sensex ended above 15,350 level and NSE Nifty closed above 4,550 mark. Today domestic markets are likely to trade positive.

The BSE Sensex closed higher by 241.50 points or (1.41%) at 15,387.96 and NSE Nifty ended up by 57.95 points or (1.28%) at 4,571.45. BSE Mid Caps and Small Caps closed with gains 29.31 and 49.26 points at 5,506.40 and 6,204.01 respectively. The BSE Sensex touched intraday high of 15,409.91 and intraday low of 15,065.48.

On Thursday, the US stock markets 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. Continuing claims declined more than expected for another straight week. Continuing claims now stand at levels not seen since April, but many economists caution that the labor market remains far from good. US light crude oil futures for September delivery closed at $67 per barrel up by 5.8% on the New York Mercantile Exchange.

The Dow Jones Industrial Average (DJIA) closed higher by 83.74 points at 9,154.16, NASDAQ index inclined by 16.54 points to 1,984.30 and the S&P 500 (SPX) closed higher by 11.45 points at 986.60.

Today major stock markets in Asia are trading positive. Hang Seng is up by 419.65 points at 20,653.73. Shanghai Composite is up by 40.289 points at 3,361.849. Japan''s Nikkei is trading up by 171.77 points at 10,336.98. Strait Times is up by 17.20 points at 2,653.39.

Indian ADRs ended in green on Thursday. In the banking space, ICICI Bank was up 4.47% and HDFC Bank was up 3.93%. In the telecom space, Tata Communication was up 2.99% and MTNL was up 1.86%. In the IT space, Satyam Computers was up 2.18%, Infosys was up 1.56%, Wipro was up 1.77% and Patni Computers was up 20.45%. In other sectors, Sterlite Industries was up 5.33%, Tata Motors was up 3.15% and Dr Reddy''s Labs was up 0.9%.

The FIIs on Thursday stood as net buyers in equity and net sellers in debt. Gross equity purchased stood at Rs 2,851.70 Crore, while the gross equity sold stood at Rs 2,712.60 Crore and gross debt purchased stood at Rs 387.20 Crore, while gross debt sold stood at Rs 0.00 Crore. The net investment of equity reported was Rs 139.10 Crore and net debt was Rs 387.20 Crore.

On Thursday, the partially convertible rupee ended at Rs 48.34/35, 0.16% stronger than its previous close at 48.42/43. The rupee gained on the back of phenomenal resurgence in the local stock markets.

On BSE, total number of shares traded were 39.47 Crore and total turnover stood at Rs 6,065.04 Crore. On NSE, total number of shares traded were 103.33 Crore and total turnover was Rs 23,186.09 Crore.

Top traded volumes on NSE Nifty – Unitech with total volume traded 69415188 shares, followed by Suzlon Energy with 47803705, Tata Steel with 19407942, SAIL with 18185228 and DLF with 14563513 shares.

On NSE Future and Options, total number of contracts traded in index futures was 869901 with a total turnover of Rs 19,296.52 Crore. Along with this total number of contracts traded in stock futures were 1066247 with a total turnover of Rs 32,282.30 crore. Total numbers of contracts for index options were 1783295 with a total turnover of Rs 40,648.73 Crore and total numbers of contracts for stock options were 75027 and notional turnover was Rs 2,249.84 Crore.

Today, Nifty would have a support at 4,598 and resistance at 4,672 and BSE Sensex has support at 15,412 and resistance at 15,575.