MARKET VIEW 30.09.2009

Markets surged more than one and a half percent in today’s trade to close at fresh 14 month high. Sensex scaled the 17000 mark for the first time since 23rd May 2008 and closed at 17126, gaining 274 points, while Nifty finished at 5084, up 77 points. BSE Mid-cap and Small-cap indices gained 0.9% each. In the month of September, Sensex and Nifty are up 9.3% and 9% respectively. Bankex and Metal index surged 18.1% and 14.5% respectively over the month, becoming the top gainers among the sectoral indices. European markets were up about 0.5%, lifted by strength among Pharmaceuticals and insurers. US stock indices futures were up just less than half a percent ahead of the release of latest economic reports, including a reading on employment.
Bankex and Auto index were the top gaining sectoral indices for the day, putting on 3.7% and 2.1% respectively, while FMCG and Consumer Durable indices lost 0.4% and 0.3% respectively. SBI and ICICI Bank gained the most among the Sensex stocks, rising 5% and 4.6% respectively, while ONGC and ITC lost the most, shedding 1.2% and 1% respectively

MARKET VIEW 29.09.2009

After a gap up opening, markets traded in a narrow range throughout the day and closed with a gain of nearly a percent. Sensex was up 160 points at 16852, while Nifty ended at 5007, up 48 points. BSE Mid-cap and Small-cap indices gained 0.6% and 0.9% respectively. Turnover at Rs. 65365 cr. was however nearly 21% lower than that of Friday. European markets were down about one third of a percent on the back of weakness in commodity shares. US stock indices futures too were marginally in the red.
All the sectoral indices, except BSE Realty index, which lost 0.7%, closed in green. IT and Healthcare indices gained the most, putting on 2.3% and 1.6% respectively. Sun Pharma surged 6%, becoming the top gainer among the Sensex stocks, followed by TCS, which gained 4%. SBI and Grasim lost the most, shedding 2.3% and 1.6% respectively

MARKET VIEW THIS WEEK GAINERS & LOSERS

26.09.2009
The BSE Banking Index (up 1.2%): The top gainers in the banking sector were IOB (up 6.3%), HDFC Bank (up 4.8%), Karnataka Bank (up 3.4%), Allahabad Bank (up 3.4%) and Andhra Bank (up 2.1%).
The top losers in were Canara Bank (down 4.3%), OBC (down 3.9%), ICICI Bank (down 3.8%), Union Bank of India (down 2.7%) and Yes Bank (down 2.6%).
The BSE Auto Index (down 1.2%): The top gainers in the auto space were Swaraj Mazda (up 12.8%), Ashok Leyland (up 5.4%), Maruti Suzuki (up 5%), Eicher Motors (up 3.2%) and Bajaj Auto (up 2.4%).
The top losers in were M&M (down 2.2%), Tata Motors (down 2%), Hero Honda (down 0.6%) and Hindustan Motors (down 0.4%).
The BSE Oil & Gas Index (up 1.1%): The top losers in the oil & gas space were Shiv-Vani Oil (down 9.4%), Hindustan Oil (down 5.8%), MRPL (down 4.7%), Essar Oil (down 4.7%) and Cairn India (down 2.3%).
The top gainers were BPCL (up 8.5%), IOC (up 8.3%), HPCL (up 6.3%), Reliance Industries (up 2.3%) and RPL (up 0.8%).
The BSE Capital Goods Index (down 0.9%): The top gainers in the capital goods space were Gammon India (up 11.5%), Carborundum Universal (up 10.1%), Thermax (up 6.7%), Esab India (up 2.7%) and Bharat Electronics (up 2.5%).
The top losers were Kirloskar Brothers (down 7.7%), Jyoti Structures (down 6.2%), Usha Martin (down 5.6%), Lakshmi Machine (down 3.2%) and BEML (down 2.1%).
The Cement Sector: The top gainers in the cement space were Birla Corp (up 5.7%), JK Cements (up 4.9%), Shree Cement (up 4.7%), Binani Indus (up 4.4%) and Madras Cements (up 4.2%).
The top losers were Kakatiya Cement (down 4.3%), Prism Cement (down 3.4%), Dalmia Cement (down 3.2%), ACC (down 1.4%) and Mangalam Cement (down 0.9%).
The Telecom Sector: The top gainers in the telecom sector were Shyam Telecom (up 14.5%), Gemini Comm (up 9.1%), WWIL (up 8.8%) and TTML (up 0.9%).
The top losers were Bharti Airtel (down 4.2%), RCom (down 3.6%), Himachal Futuristic (down 2.3%), MTNL (down 1.7%) and Tata Communication (down 1.2%).
The Realty Sector (0.0%): The top gainers in the Real Estate space were Mahindra Lifespace (up 5.2%), Parsvnath (up 4.8%), Akruti City (up 3.8%), Sobha Developers (up 2.8%) and Omaxe (up 1.8%).
The top losers were HDIL (down 2.7%), Unitech (down 0.6%) and Anant Raj Indus (down 0.5%).
The Metals sector (down 4%): The top losers in the metals space were Lloyds Metals (down 6.3%), SAIL (down 4.9%), Adhunik Metaliks (down 4.3%) and Tata Steel (down 4.3%).
The top gainers were Tata Sponge (up 8.7%), JSW Steel (up 1.1%) and Sunflag Iron (up 0.8%).

THIS WEEK MARKET 26.09.2009

I FLY VERY HIGH MADE HIGH
The Nifty and Sensex both ended the week down 0.3%managed to close at 4,959 and 16,693 respectively.
The BSE Sensex hit an intra-week high of 16,943 and low of 16,494 while, NSE Nifty hit an intra-week high of 5,036 and low of 4,904.
The Foreign Institutional Funds purchased Rs78.7bn during the week. On the other hand, the Domestic Institutional Funds were net sellers to the tune of Rs4.96bn during the week.
The top gainers: The top gainers in the Sensex were Ranbaxy Labs (up 16.7%), HDFC (up 7.3%), Maruti Suzuki (up 5%), HDFC Bank (up 4.8%) and Cipla (up 3.1%).
The Top Losers: The top losers in the Sensex were Hindalco (down 7.1%), Infosys (down 5.1%), Tata Steel (down 4.3%), Bharti Airtel (down 4.2%) and ICICI Bank (down 3.8%).
The BSE IT Index (down 3.1%): The top losers in the IT sector were Patni Computer (down 7.7%), Infosys Tech (down 5.1%), Financial Tech (down 3.6%), Sasken Communication (down 3%) and HCL Tech (down 2.1%).
The BSE Consumer Index: The top gainers in the consumer durables space were Videocon Industries (up 3.8%), Mirc Electronics (up 1.1%) and Su-Raj Diamonds (up 0.4%). The top losers were Titan Inds (down 3.2%) and Blue Star (down 0.2%).
The BSE Healthcare Index (up 7.4%): The top gainer in Pharma space was Dr Reddy's Labs. The stock surged over 18% during the week. Piramal Healthcare also surged over 14% during the week. According to reports, GlaxoSmithKline Plc is looking for the acquisition of Piramal Healthcare or Dr Reddy’s Labs. Torrent Pharma (up 14.3%), and Natco Pharma (up 13.9%) were among the other major gainers.

MARKET OUTLOOK 23.09.2009

Indian markets took a pause for the first time in the last 12 trading sessions with the NSE Nifty closing below the 5,000 mark. It was an absolute lackluster day of trades as key indices continued to struggle for any specific direction. Market players were in a limbo on account of mixed global cues, uncertain external environment and F&O expiry. Traders also seemed to be
waiting for the Fed policymakers’ verdict. The late slide was led by the Realty, Telecom and the IT stocks. Even the Mid-Cap and the Small-Cap stocks weren’t spared. The BSE Sensex fell 166 points or 1% at 16,719 after touching a high of 16,905 and a low of 16,838. The index opened at 16,905 against the previous close of 16,886. NSE Nifty slipped 50 points to shut shop at 4,969.
The markets breadth was negative. Out of 2,864 stocks traded, 1,001 advanced and 1,784 declined.
INDEX MOVERS...HDFC Bank surged 1.455% to Rs 1,560, Sterlite gained 1.09% to Rs 769 and Sun Pharma rose 0.58% to Rs 1,212....AND SHAKERS Jai Prakash Associates sunk 6.34% to Rs 235, Bharti Airtel dropped 3.43% to Rs 414 and RCom declined 2.9% to Rs 308. Mahindra, Hindustan Unilever and Rel Infra lost between 1 and 2 per cent each.
Market outlook: Below 4960 Nifty may slide to 4910, 4840. If it cross 5000 may touch 5040, 5085 levels.