Date : Jul-24-2009 13:25
After witnessing wild swing in opening trade, which was short lived, the key benchmark indices is now hovering around the base line after gyrating in positive and negative terrain. Meanwhile, as per the provisional figures on the NSE, Foreign Institutional Investors (FIIs) bought shares worth Rs. 511.94 crore yesterday while domestic institutional investors sold shares worth Rs 34.16 crore. This was augmented by latest economic data indicated improving economic activity. Assimilation of six infrastructure industries, that accounts for 26.7% of India''s industrial output, namely Cement, Coal, Crude Oil, Refining, Electricity and Steel together improved at an annual rate of 6.5% in June 2009 faster compared to 2.8% in previous month.
On the sectoral front, out of 13 Indices, 11 indices advanced whereas 2 indices declined. Auto stocks remained strong on better-than-expected first quarter results from auto major Maruti Suzuki India yesterday. Metal stocks gains as LMEX, a gauge of six metals traded on the London Metal Exchange rose 1.29% overnight. Bank stocks weaken ahead of quarterly monetary policy review meet on Tuesday, 28 July 2009.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,582 stocks traded so far, 1,524 shares advanced while 971 shares declined. Nearly 87 shares are unchanged.
At 1.20PM, the BSE Sensex is trading higher by 73.70 points at 15,304.74 whereas NSE Nifty is up by 23.25 points at 4,547.
The BSE Mid Cap is trading higher by 73.64 points at 5,367.01 and Small cap is trading up by 78.42 points at 6,021.28.
Major gainers from the BSE Sensex pack are Tata Motors Ltd surged 6.79% to Rs. 363.50 along with Maruti Suzuki India Ltd 3.66% to Rs. 1343.00, Tata Steel Ltd 3.45% to Rs. 429.05, Sterlite Industries Ltd improved 3.11% to Rs. 652.35, DLF Ltd improved 2.80% to Rs. 380.00, Hindalco Industries Ltd gained 2.76% to Rs. 93.20, Jaiprakash Associates Ltd gained 1.96% to Rs. 234.15, Infosys Technologies Ltd by 1.70% to Rs. 1993.10, BHEL by 1.55% to Rs. 2201.10, Hero Honda Motors by 1.34% to Rs. 1688.00, Mahindra & Mahindra Ltd by 1.23% to Rs. 811.75 and TCS Ltd by 0.88% to Rs. 480.00 among others.
Major losers from the BSE Sensex Pack are Bharti Airtel Ltd weaken by plunged 48.05% to Rs. 422.85, Housing Development Finance Co by 2.75% to Rs. 2385.00, Reliance Industries Ltd by 1.80% to Rs. 2001.50, State Bank of India by 1.22% to Rs. 1704.80, HDFC Bank Ltd by 0.95% to Rs. 1441.90, Reliance Infrastructure by 0.80% to Rs. 1157.30 and ACC Ltd by 0.78% to Rs. 848.00.
The BSE Auto is higher by 143.53 points or 2.72% at 5,417.76. Stocks trading in green are Tata Motors Ltd spurted 6.79% to Rs. 363.50, Bharat Forge Ltd 6.72% to Rs. 170.00, Amtek Auto Ltd 6.42% to Rs. 123.55, MRF Ltd 4.29% to Rs. 3663.95, Exide Industries Ltd by 4.05% to Rs. 78.30, Maruti Suzuki India Ltd by 3.66% to Rs. 1,343.00 and Escorts Ltd 3.21% to Rs. 64.35 among others.
Alstom Projects India Ltd advanced 0.97% to Rs. 524.60 after net profit increased phenomenally 100.60% to Rs. 38.75 crore in Q1 June 2009 compared to Q1 June 2008.
Essel Propack Ltd spurted 4.94% to Rs. 27.60 after the company posted net profit of Rs 5.24 crore in Q2 June 2009 as against net loss of Rs 9.75 crore in Q2 June 2008, on a consolidated basis.
Maruti Suzuki India Ltd spurted 3.66% to Rs. 1343.00 after reporting higher-than-expected net profit in Q1 June 2009.
Gujarat State Petronet Ltd zoomed 4.83% to Rs. 66.15 after net profit increased phenomenally 146.6% to Rs. 80.49 crore on a 76.4% rise in sales to Rs. 210.82 crore in Q1 June 2009 over Q1 June 2008.
Bharat Forge Ltd shoot up 6.72% to Rs. 170.00 after the company expressed positive outlook for the future at the time of announcing Q1 June 2009 results
Idea Cellular surged 3.53% to Rs. 80.55 after net profit grew 14.7% to Rs. 309.21 crore on a 29.7% increase in sales to Rs. 2817.94 crore in Q1 June 2009 over Q1 June 2008.
Ambuja Cements Ltd plunged 2.06% to Rs. 94.95 after net profit sunk 43.74% to Rs 324.65 crore in Q2 June 2009 over Q2 June 2008.
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