deep industries ltd (bse code 532760)cmp 101.7
buy around 96-97 sl 91.7 trgt 125/133/higher (2 weeks)
Wednesday, June 23, 2010
Tuesday, June 22, 2010
The 100 Crore Lemons
The janta review of Kites and Raavan was swift and cruel. F-L-O-P. Flop. That’s real bad news for the common producer of both films – Reliance Big Pictures. Sources say the company has lost upwards of Rs 100 crore on these films. By its current scale of performance, Raavan looks to sink lower than the other mega-budget dud – Kites.
Both films had extensive pre-launch promotions. Alas – promotions ensure that a film has a good opening over the weekend. That’s it. After that, it is the content of the film itself which will make it swim or sink. Beating poor reviews and word-of-mouth ratings, Kites managed a good opening weekend, netting in Rs 30 crore.
Raavan has collected less than Rs 20 crore at the close of its opening weekend. This week onwards, Raavan has a clear run with no competing releases. Yet, analysts predict it will sink further. Nothing can salvage Raavan with its below average opening of 50% across the country.
Kites and Raavan were expected to follow Raajneeti’s rocking show at the box office. Instead, the films have become Bollywood ki Aag. That’s something, even by Bollywood standards of expecting the most unexpected.
Was it the actors? Raavan is Abhishek Bacchan’s third film with Mani Ratnam. After Yuva and Guru, expectations were sky-high from Abhishek Bachchan. (We tend to dismiss Delhi 6). What the janta saw was largely dismissed as hamming and posturing, amateurish and naive. Questions raised on faking the much-vaunted dive didn’t help.
Hrithik was appreciated in Kites for his good looks (which the camera made love to, framing him in tight close-ups and bare torso scenes). Jai faltered, Hrithik didn’t.
Scintillating Barbara Mori looked pretty in Kites. So does Aishwarya in Raavan. Luminous, floating around in the forest, long curly drenched hairpiece and carefully crafted no make up look. So we’ve heard of the chemistry between the stand-in Sita and the shrieking baddie. We think back to the mock fight when the same pair landed on a bed in Guru and phuuuuuus- zilch. Aishwarya, I suspect, still looks hottest with Hrithik. Hrithik and Barbara’s crackling chemistry and smouldering looks kept Kites ticking.
Both films are richly crafted and produced – sweeping shots, stunning locales, jungles, waterfalls, but where is the story? So Kites was painful and downright silly in the second half. With Raavan and its confusing plot (Beera is Raavan, Robin Hood or Veerappan), why does Vikram wear aviator glasses in the jungle (he’s a cop, they cost a lot, no?) and run slo-mo, etc, etc. The plot rests mostly in Mani Ratnam’s head.
To sum up, here’s what I am saying other filmmakers should avoid like the plague:
* Avoid bumbling actors who ham for the camera
* If your film is titled Raavan, don’t hope that Sita will see it through
* Get a lead pair who look hot together
* Let the story out of the director’s head and out there for the audience
* Acknowledge the use of stuntmen/women
* Don’t get Ma and Pa to defend your film
* Think of a strategy to counter word-of-mouth ratings and reviews
* Don’t let others in Bollywood poke fun at your expense and ask RGV and KJo to take their tweet battles offline
Read my colleague Rummana’s review of Raavan here. ‘Abhi-Ash are insufferable’, she says. And here’s the trailer.
Both films had extensive pre-launch promotions. Alas – promotions ensure that a film has a good opening over the weekend. That’s it. After that, it is the content of the film itself which will make it swim or sink. Beating poor reviews and word-of-mouth ratings, Kites managed a good opening weekend, netting in Rs 30 crore.
Raavan has collected less than Rs 20 crore at the close of its opening weekend. This week onwards, Raavan has a clear run with no competing releases. Yet, analysts predict it will sink further. Nothing can salvage Raavan with its below average opening of 50% across the country.
Kites and Raavan were expected to follow Raajneeti’s rocking show at the box office. Instead, the films have become Bollywood ki Aag. That’s something, even by Bollywood standards of expecting the most unexpected.
Was it the actors? Raavan is Abhishek Bacchan’s third film with Mani Ratnam. After Yuva and Guru, expectations were sky-high from Abhishek Bachchan. (We tend to dismiss Delhi 6). What the janta saw was largely dismissed as hamming and posturing, amateurish and naive. Questions raised on faking the much-vaunted dive didn’t help.
Hrithik was appreciated in Kites for his good looks (which the camera made love to, framing him in tight close-ups and bare torso scenes). Jai faltered, Hrithik didn’t.
Scintillating Barbara Mori looked pretty in Kites. So does Aishwarya in Raavan. Luminous, floating around in the forest, long curly drenched hairpiece and carefully crafted no make up look. So we’ve heard of the chemistry between the stand-in Sita and the shrieking baddie. We think back to the mock fight when the same pair landed on a bed in Guru and phuuuuuus- zilch. Aishwarya, I suspect, still looks hottest with Hrithik. Hrithik and Barbara’s crackling chemistry and smouldering looks kept Kites ticking.
Both films are richly crafted and produced – sweeping shots, stunning locales, jungles, waterfalls, but where is the story? So Kites was painful and downright silly in the second half. With Raavan and its confusing plot (Beera is Raavan, Robin Hood or Veerappan), why does Vikram wear aviator glasses in the jungle (he’s a cop, they cost a lot, no?) and run slo-mo, etc, etc. The plot rests mostly in Mani Ratnam’s head.
To sum up, here’s what I am saying other filmmakers should avoid like the plague:
* Avoid bumbling actors who ham for the camera
* If your film is titled Raavan, don’t hope that Sita will see it through
* Get a lead pair who look hot together
* Let the story out of the director’s head and out there for the audience
* Acknowledge the use of stuntmen/women
* Don’t get Ma and Pa to defend your film
* Think of a strategy to counter word-of-mouth ratings and reviews
* Don’t let others in Bollywood poke fun at your expense and ask RGV and KJo to take their tweet battles offline
Read my colleague Rummana’s review of Raavan here. ‘Abhi-Ash are insufferable’, she says. And here’s the trailer.
Saturday, June 19, 2010
IRDA wins ULIP battle: Govt to amend laws to revive sales--20 Jun 2010, 0051 hrs IST,ET Bureau
NEW DELHI: Insurance industry regulator Irda has emerged the victor in a high-profile tussle over the regulation of so-called unit-linked insurance plans or Ulips, with the government ruling that it and not the market watchdog Sebi would oversee the product.
The government is “clarifying by way of an explanation that life insurance business shall include any unit-linked insurance policy or scripts or any such instruments,’’ said a statement from the press information bureau. “This would set at rest all the issues regarding Ulips between the two financial regulators.’’
The government promulgated an ordinance late on Friday to amend four major laws that could revive the sale of Ulips and force the mutual fund industry to look for new avenues to get investors.
“This will completely end the uncertainty regarding unit linked insurance plans,’’ said Kamesh Goyal, chief executive, Bajaj Allianz Life Insurance. “Ulips have also turned extremely customer-friendly after recent measures taken by the regulator to bring down surrender charges.”
Irda and Sebi got into a legal battle over Ulips regulation after the markets regulator on April 9 banned 14 insurers from selling Ulips. Sebi withdrew the ban when bureaucrats brokered a truce, but only to revive it. Sebi moved the Supreme Court to club various public interest litigations against Ulips and resolve the issue of alleged mis-representation and the issue of jurisdiction.
The Supreme Court will have to take cognisance of the Ordinance when it hears the case on July 8. “The government’s clarification will enhance policy holder confidence as it settles the issue over regulation”, J Hari Narayan, chairman Irda told SundayET in an interview.
The ruling is a relief to existing policy holders who were unsure of continuing with the product and new investors were wary of buying them.
Ulips are hybrid products incorporating investment and insurance cover. They account for more than 85% of the portfolio for life insurers. Insurers can now sell new Ulips launched after April 9, 2010.
The government will amend the RBI Act, the Insurance Act, the Sebi Act and the Securities Contract Regulation Act to include Ulips, scripts or any such insttruments under the life insurance business. The Bill will be introduced in the monsoon session of Parliament, said a senior finance ministry official.
The government is “clarifying by way of an explanation that life insurance business shall include any unit-linked insurance policy or scripts or any such instruments,’’ said a statement from the press information bureau. “This would set at rest all the issues regarding Ulips between the two financial regulators.’’
The government promulgated an ordinance late on Friday to amend four major laws that could revive the sale of Ulips and force the mutual fund industry to look for new avenues to get investors.
“This will completely end the uncertainty regarding unit linked insurance plans,’’ said Kamesh Goyal, chief executive, Bajaj Allianz Life Insurance. “Ulips have also turned extremely customer-friendly after recent measures taken by the regulator to bring down surrender charges.”
Irda and Sebi got into a legal battle over Ulips regulation after the markets regulator on April 9 banned 14 insurers from selling Ulips. Sebi withdrew the ban when bureaucrats brokered a truce, but only to revive it. Sebi moved the Supreme Court to club various public interest litigations against Ulips and resolve the issue of alleged mis-representation and the issue of jurisdiction.
The Supreme Court will have to take cognisance of the Ordinance when it hears the case on July 8. “The government’s clarification will enhance policy holder confidence as it settles the issue over regulation”, J Hari Narayan, chairman Irda told SundayET in an interview.
The ruling is a relief to existing policy holders who were unsure of continuing with the product and new investors were wary of buying them.
Ulips are hybrid products incorporating investment and insurance cover. They account for more than 85% of the portfolio for life insurers. Insurers can now sell new Ulips launched after April 9, 2010.
The government will amend the RBI Act, the Insurance Act, the Sebi Act and the Securities Contract Regulation Act to include Ulips, scripts or any such insttruments under the life insurance business. The Bill will be introduced in the monsoon session of Parliament, said a senior finance ministry official.
Wednesday, June 16, 2010
Apple sells 600,000 iPhone 4s in a day, shares up
LOS ANGELES: Apple Inc has sold more than 600,000 units of its newest iPhone after just a day of preorders, surpassing some analysts' expectations and sending its shares up nearly 3 per cent on Wednesday.
The makers also of the iPad and iPod said it and carrier partner AT&T Inc had been forced to turn away "many" potential customers after the surprising volume of online orders triggered order and approval system malfunctions.
"We apologize to everyone who encountered difficulties, and hope that they will try again ... once the iPhone 4 is in stock," Apple said in a statement. AT&T, the exclusive US provider for iPhone, said orders of the iPhone 4 on Tuesday, the first day of online preorders, were 10 times higher than for the iPhone 3GS last year.
The makers also of the iPad and iPod said it and carrier partner AT&T Inc had been forced to turn away "many" potential customers after the surprising volume of online orders triggered order and approval system malfunctions.
"We apologize to everyone who encountered difficulties, and hope that they will try again ... once the iPhone 4 is in stock," Apple said in a statement. AT&T, the exclusive US provider for iPhone, said orders of the iPhone 4 on Tuesday, the first day of online preorders, were 10 times higher than for the iPhone 3GS last year.
Market heading 5300-www.moneycontrol.com
It was a quiet session for the markets. The indices moved within a tight range and closed the day absolutely flat. The Nifty ended the day at 5,233, up 11 points. The Sensex shut shop at 17,462, up 50 points. The Midcap index also ended marginally in the green. The gap between the advance and declines narrowed through the session to end at 1:1.
The mood on Dalal Street is getting optimistic. But does that mean a big rally is on its way or will global cues play spoilsport?
Naresh Kothari, President, Edelweiss Capital, sees some amount of optimism returning to the market over the last 3-5 days. "At lower levels, we are seeing continuous buying interest. At 4700-4800, we saw very good interest come in. I guess this continues to remain a period when people are sort of coming out of their shell and starting to look at opportunities and ideas."
He asks investors to be cautious around 5,300-5,400 levels. "The global phenomenon continues to be an overhang on the market. Also, the second half might not be as good as the first half. I think the market is a little bit more cautious on the upside. These two factors are actually ensuring that this will not be a runaway market. I would start buying more of Puts and build some amount of cash in the portfolio."
Ambareesh Baliga of Karvy Stock Broking expects the Nifty to continue in a 5,200-5,300 range. "Crossing this level will be quite difficult. Inspite of all the good news, whether it is advance tax figures, IIP (Index of Industrial Production) data, monsoons, GDP (gross domestic product) estimates, if you are not able to convincingly cross these levels, it clearly shows that there is no conviction in the market. Over the next two-three months, we will be in the broad range of 4,700-4,800 and to around 5,300."
However, Sudarshan Sukhani of Technical Trends feels the market can see a 70-80 or 100 point correction. He advises investors to buy on dips.
Phani Sekhar, Fund Manager, Angel Broking, too asks investors to buy on dips. But unlike Sukhani he sees another 4-5% upside. "Individual midcaps and stocks will be doing much better than indices and that is where a lot of money is there to be created."
How should you play stocks from the Reliance pack?
On Reliance:
Baliga sees huge upside potential in Reliance Industries. "We have been talking of Rs 1400 levels, which it is refusing to go towards in the last six-eight months. But by January- February next year, once all these things settle down, it should trade over Rs 1400. At these levels, we are quite bullish on Reliance Industries."
Sekhar is betting on Reliance Industries and Reliance Infrastructure from the Mukhesh Ambani stable.
On the ADAG pack:
Reliance Communications, Baliga said, has already moved up decently from lower levels. "I don't think it can move much more looking at the way the telecom sector is doing." On the other stocks in the pack, he feels they are more of a speculative move than a fundamental move. "It is more of traders' pick at this point of time than a fundamental buy."
From the ADAG group, Sekhar likes Reliance Infrastructure. "This is a very young engineering company. The numbers that you see now are not really reflective of the potential numbers that you will see in a couple of years’ time when majority of its current projects come onstream. Valuationswise, it looks pretty attractive. We will give a pass to the rest of the stocks and pick Reliance Infrastructure."
The mood on Dalal Street is getting optimistic. But does that mean a big rally is on its way or will global cues play spoilsport?
Naresh Kothari, President, Edelweiss Capital, sees some amount of optimism returning to the market over the last 3-5 days. "At lower levels, we are seeing continuous buying interest. At 4700-4800, we saw very good interest come in. I guess this continues to remain a period when people are sort of coming out of their shell and starting to look at opportunities and ideas."
He asks investors to be cautious around 5,300-5,400 levels. "The global phenomenon continues to be an overhang on the market. Also, the second half might not be as good as the first half. I think the market is a little bit more cautious on the upside. These two factors are actually ensuring that this will not be a runaway market. I would start buying more of Puts and build some amount of cash in the portfolio."
Ambareesh Baliga of Karvy Stock Broking expects the Nifty to continue in a 5,200-5,300 range. "Crossing this level will be quite difficult. Inspite of all the good news, whether it is advance tax figures, IIP (Index of Industrial Production) data, monsoons, GDP (gross domestic product) estimates, if you are not able to convincingly cross these levels, it clearly shows that there is no conviction in the market. Over the next two-three months, we will be in the broad range of 4,700-4,800 and to around 5,300."
However, Sudarshan Sukhani of Technical Trends feels the market can see a 70-80 or 100 point correction. He advises investors to buy on dips.
Phani Sekhar, Fund Manager, Angel Broking, too asks investors to buy on dips. But unlike Sukhani he sees another 4-5% upside. "Individual midcaps and stocks will be doing much better than indices and that is where a lot of money is there to be created."
How should you play stocks from the Reliance pack?
On Reliance:
Baliga sees huge upside potential in Reliance Industries. "We have been talking of Rs 1400 levels, which it is refusing to go towards in the last six-eight months. But by January- February next year, once all these things settle down, it should trade over Rs 1400. At these levels, we are quite bullish on Reliance Industries."
Sekhar is betting on Reliance Industries and Reliance Infrastructure from the Mukhesh Ambani stable.
On the ADAG pack:
Reliance Communications, Baliga said, has already moved up decently from lower levels. "I don't think it can move much more looking at the way the telecom sector is doing." On the other stocks in the pack, he feels they are more of a speculative move than a fundamental move. "It is more of traders' pick at this point of time than a fundamental buy."
From the ADAG group, Sekhar likes Reliance Infrastructure. "This is a very young engineering company. The numbers that you see now are not really reflective of the potential numbers that you will see in a couple of years’ time when majority of its current projects come onstream. Valuationswise, it looks pretty attractive. We will give a pass to the rest of the stocks and pick Reliance Infrastructure."
Wednesday, June 9, 2010
Loss in equities? Don't fall prey to investment myths-
Once bitten twice shy investors often fall victims to popular myths about investing rather than learning from their mistakes.
In the bargain, they lose out on other opportunities.
Here we took a look at some of the myths that are prevalent in the minds of those who have lost money
Investors feel that they do not need investment advisors and can make investment decisions on their own using their trusted sources. However, one must remember that markets today are far more complex.
It is virtually impossible for any one individual to track all asset classes. Hence choosing a good advisor, helps.
“An advisor is equipped to look at your changing needs and risk profile, and offer appropriate solutions given the market conditions and basket of products available.
"They are experts and will help you navigate the journey towards financial freedom with a high degree of certainty,” says Ashish Kehair, business head, private wealth management at ICICI Securities.
The NAV is the total value of all the securities in its portfolio, less any liabilities, divided by the number of units outstanding.
The NAV does not signal an entry or an exit point. Instead, one should look at the portfolio quality of the fund, see whether it is a large cap, mid-cap or small-cap oriented, the fund manager, the past performance and the style of investing.
“Individuals should look at the return on investment rather as a pure number to the NAV has no meaning”, says Anil Chopra, Group CEO, Bajaj Capital.
Bonds or debt mutual funds carry interest rate risk.
In a rising interest rate scenario, the value of your bond falls and you lose money and vice versa. Besides, there is a credit risk with bonds of private companies.
Hence investors must factor in that before making an investment in debt.
his works for a lot of people, but this is not sacrosanct.
For example, if you are 30 years old and have a loan and are the only working member in your family, and barely manage to meet your monthly expenses, it may be risky for you to put 70% of your assets in equities.
Alternatively, if you are an HNI and 60 years old, with your retirement nest built and well taken care of, then you can still afford to invest more than 40% in equities.
Hence, it is best that you discuss the same with a financial planner before taking a final decision.
A lot of investors are constantly trying to find the next multi-bagger. First, in an individual capacity it is not easy to spot one.
Even if you have a multi-bagger but it constitutes a small percentage of your portfolio then it does not make significant difference to your returns.
“In the process of identifying a multi-bagger, investors accumulate as many as 15 small-cap stocks, 14 of which would go down, so it is not really worth the effort,” says Radhika Gupta, director and founder of Forefront Capital.
Most investors think that they will buy at the bottom and sell at the top, in short they want to time the market. However, during their investment journey sooner or later they realise that timing the market is not possible and in the process they miss out on many opportunities.
“There is no best time to invest, but there is a best time horizon to invest. If you have the time horizon to live the shocks of the particular asset class, you will make money,” says AV Srikanth, executive director, Anand Rathi Wealth Managers.
Investors should build a portfolio over a period of time, depending on the risk that he can take.
Financial advisors advise diversification of portfolio to increase returns and reduce risk.
However, diversification does not mean buying stocks and funds at random.
“Overall we believe that investors should not have more than 20 instruments be it stocks, mutual funds or fixed deposits in their portfolio as diversification beyond that reduces returns without reducing risk”, says Sandeep Raichura, business head, wealth management at Pioneer Wealth Management.
In the bargain, they lose out on other opportunities.
Here we took a look at some of the myths that are prevalent in the minds of those who have lost money
Investors feel that they do not need investment advisors and can make investment decisions on their own using their trusted sources. However, one must remember that markets today are far more complex.
It is virtually impossible for any one individual to track all asset classes. Hence choosing a good advisor, helps.
“An advisor is equipped to look at your changing needs and risk profile, and offer appropriate solutions given the market conditions and basket of products available.
"They are experts and will help you navigate the journey towards financial freedom with a high degree of certainty,” says Ashish Kehair, business head, private wealth management at ICICI Securities.
The NAV is the total value of all the securities in its portfolio, less any liabilities, divided by the number of units outstanding.
The NAV does not signal an entry or an exit point. Instead, one should look at the portfolio quality of the fund, see whether it is a large cap, mid-cap or small-cap oriented, the fund manager, the past performance and the style of investing.
“Individuals should look at the return on investment rather as a pure number to the NAV has no meaning”, says Anil Chopra, Group CEO, Bajaj Capital.
Bonds or debt mutual funds carry interest rate risk.
In a rising interest rate scenario, the value of your bond falls and you lose money and vice versa. Besides, there is a credit risk with bonds of private companies.
Hence investors must factor in that before making an investment in debt.
his works for a lot of people, but this is not sacrosanct.
For example, if you are 30 years old and have a loan and are the only working member in your family, and barely manage to meet your monthly expenses, it may be risky for you to put 70% of your assets in equities.
Alternatively, if you are an HNI and 60 years old, with your retirement nest built and well taken care of, then you can still afford to invest more than 40% in equities.
Hence, it is best that you discuss the same with a financial planner before taking a final decision.
A lot of investors are constantly trying to find the next multi-bagger. First, in an individual capacity it is not easy to spot one.
Even if you have a multi-bagger but it constitutes a small percentage of your portfolio then it does not make significant difference to your returns.
“In the process of identifying a multi-bagger, investors accumulate as many as 15 small-cap stocks, 14 of which would go down, so it is not really worth the effort,” says Radhika Gupta, director and founder of Forefront Capital.
Most investors think that they will buy at the bottom and sell at the top, in short they want to time the market. However, during their investment journey sooner or later they realise that timing the market is not possible and in the process they miss out on many opportunities.
“There is no best time to invest, but there is a best time horizon to invest. If you have the time horizon to live the shocks of the particular asset class, you will make money,” says AV Srikanth, executive director, Anand Rathi Wealth Managers.
Investors should build a portfolio over a period of time, depending on the risk that he can take.
Financial advisors advise diversification of portfolio to increase returns and reduce risk.
However, diversification does not mean buying stocks and funds at random.
“Overall we believe that investors should not have more than 20 instruments be it stocks, mutual funds or fixed deposits in their portfolio as diversification beyond that reduces returns without reducing risk”, says Sandeep Raichura, business head, wealth management at Pioneer Wealth Management.
Nifty ends at 5K amid volatility; Bharti up 5%, ITC dips 4Nifty ends at 5K amid volatility; Bharti up 5%, ITC dips 4%
The benchmark Nifty closed with modest gains, after witnessing a consolidation throughout session. It settled at 5,000 level, after struggling to hold the same level since beginning of trade today.
The markets consolidated today after previous two-day sell-off on back of weak global cues. The Sensex shot up more than 200 points after European markets opened 1% higher but that could not sustain for long.
The 30-share BSE Sensex closed at 16,657.89, up 40.79 points or 0.25% and the 50-share NSE Nifty rose 13.20 points or 0.26% to settle at 5,000.30. Nifty June futures turned into premium of 7 points from 20 points discount.
Telecom, oil & gas, metal, capital goods, private banking and realty companies' shares helped indices to remain in positive terrain. However, the sell-off in technology and FMCG companies' shares along with NTPC, Tata Power, Tata Motors, SBI, Power Grid, Hero Honda and Siemens added to volatility.
Bharti Airtel was the top gainer on Nifty; shot up 5.3%. The telecom major was in focus as it closed the Zain Africa acquisition on Tuesday. However, rating agency Standard & Poor's tried to play party pooper and cut Bharti's rating to BB+ from BBB-. The downgrade was on account of worsening leverage and cash flow ratios.
Akhil Gupta, Deputy Group CEO and MD, Bharti Enterprises, said he absolutely disagrees with S&P's assessment. "We see no reason why our business will go down. We have built up net cash positions in the past for major acquisitions. Every good company should have a reasonable amount of debt."
Among other telecom players, Reliance Communications was up 1.5% and Idea Cellular up 0.3%.
ONGC from oil & gas space was the leading counter; gained 2.23% and heavyweight Reliance Industries rose 1%. Cairn India, GAIL and BPCL went up 0.66-1.66%.
The most beaten down metal space also bounced back today; SAIL, Sterlite Industries and Tata Steel gained 1.6-3.3%. Hindalco was up 0.6% and Jindal Steel up 0.4%.
In the financial pack, HDFC Bank, ICICI Bank, PNB, Axis Bank and IDFC were up 0.9-1.7% while SBI lost 0.5%.
Watch CNBC-TV18 live only on MYTV >>
Also Read
* See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows
* See how Global Markets are trading
* Indian ADRs
RSS feed for news
Click here
L&T from capital goods space rose 0.9% and BHEL was up 0.7%. ABB went up 0.3% while Siemens fell 0.6%.
Unitech from realty segment moved up 2.4% and DLF gained 0.35%. ACC from cement pack rose 1.9% while Ambuja Cements was flat.
In auto space, M&M and Maruti were up 0.7-1.3% while Hero Honda and Tata Motors declined 0.5-1%.
On the other side, Wipro and TCS from technology pack slipped 2% each. Infosys was down 1% and HCL Tech down 0.5%.
ITC was the biggest loser on Nifty; plunged over 4%. HUL was down 0.7%.
In the midcap space, Marico, Bajaj Holdings, Bombay Rayon, Anant Raj Industries and Kwality Dairy gained 5-6% while Thomas Cook, Rajesh Exports, Gujarat Mineral, Info Edge and Pantaloon Retail fell 3-5.5%.
However, KPIT Cummins was locked at 20% upper circuit. The company formed joint venture with Bharat Forge to manufacture an indigenously developed hybrid technology solution for automobiles.
Ashapura Mine, Titagarh Wagons, DCM Shriram Consolidated and Diamond Power went up 6-9%. However, Shristi Infra, Kanani Industries, Alcobex Metals, Money Matters and Timken lost 5-11.5%.
The market breadth was positive; about 1624 shares advanced while 1458 shares declined on BSE. Nearly 225 shares remained unchanged.
Volume remained above Rs 1 lakh crore mark; the markets reported total turnover of Rs 1,08,677.93 crore. This included Rs 11,735.54 crore from NSE cash segment, Rs 93,058.52 crore from NSE F&O and the balance Rs 3,883.87 crore from BSE cash segment.
On the global front, Shanghai surged 2.78% post Chinese exports in May grew about 50% from a year earlier, sources told Reuters on Wednesday.
Hang Seng gained 0.7% while Nikkei and Taiwan fell 1% each.
At 14:07 hours IST, the benchmark Sensex turned volatility again after witnessing sharp upmove in the last one hour of trade. The Nifty was consistently facing resistance at around the 5000 level. European markets also came off their day's high, were trading flat with positive bias.
Heavyweights slipped from their day's high and some financials came under pressure. Technology and FMCG companies' shares were down along with NTPC, SBI, Tata Motors, Sun Pharma, Hero Honda, Jaiprakash Associates, Power Grid, HDFC, DLF, Siemens and Kotak Mahindra Bank.
Watch CNBC-TV18 live only on MYTV >>
Also Read
* See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows
* See how Global Markets are trading
* Indian ADRs
RSS feed for news
Click here
However, buying continued in telecom, metal, private banking and oil & gas companies' shares.
The Sensex was trading at 16614, down 2 points and the Nifty was at 4986, down 0.45 points.
Sesa Goa, Tata Steel, SBI, Tata Motors and Hindalco were the most active shares on bourses.
In the midcap space, Marico, Bombay Rayon, Kwality Dairy, Bajaj Finserv and Anant Raj Industries gained 4-7% while Rajesh Exports, Gujarat Mineral, Thomas Cook, Hindustan National Glass and M&M Financial fell 2-5%.
In the smallcap space, KPIT Cummins surged 19.5%. Ashapura Minechem was up 12.10%. Thiru Arooran, Diamond Power and Thinksoft went up 5%. However, Sundram, Kanani Industries, Maharashtra Polybutenes, Alcobex Metals and Money Matters lost 4-5%.
Nifty holds 5K; ONGC, Bharti, RIL, ICICI Bk, BHEL lead
At 13:30 hours IST - the benchmark Nifty was trading higher on back of short covering and was consistently holding the 5000 level, after seeing sell-off in previous two sessions. Positive European cues were quite supportive today, which were down for last three days; CAC, DAX and FTSE gained more than 0.5%.
Metal, oil & gas, realty, banking, pharma, capital goods and telecom companies' shares were helping the Sensex to trade with more than 100 points gains; respective sectoral indices rose 1-2%.
However, there was a bit of volatility due to selling in heavyweight ITC, which was down 3.4%. Tata Power, Wipro, Infosys, NTPC,Tata Motors, HUL, Power Grid and Jaiprakash Associates were other losers in trade.
The Sensex was trading at 16756, up 139 points and the Nifty was at 5031, up 44 points. However, the Nifty June future trimmed its discount to 11 points from 20 points.
Among Asian markets, Shanghai surged 2.8%. Chinese exports in May grew about 50% from a year earlier, sources said on Wednesday, a figure that blew past expectations and fuelled a big jump in domestic stocks.
Hang Seng gained 0.7% while Nikkei and Taiwan fell 1% each.
The market breadth was positive; about 913 shares advanced while 343 shares declined on NSE.
Top gainers - Bharti Airtel was trading at Rs 271.05, up 4.92%; Sterlite Industries was at Rs 624.50, up 2.50%; Reliance Infrastructure was at Rs 1,081, up 2.20%; ACC was at Rs 860.30, up 2.13%; SAIL was at Rs 193.10, up 2.12% and ICICI Bank was at Rs 831.85, up 1.83%.
(With inputs from Reuters)
Sensex trading strong; oil & gas, realty, pharma up
At 11.54 hrs IST, the Sensex was trading strong with 100 points gains at 16,719. Buying was seen in oil & gas, realty, pharma, metal, banking and auto stocks. However, FMCG stocks witnessed selling pressure. Stocks like Reliance, ICICI Bank, L&T, HDFC and HDFC Bank were the positive contributors to the Sensex while Infosys, ITC, HUL, Tata Motors and NTPC were the negative contributors.
The Sensex was up 102.44 points or 0.62% at 16719.54, and the Nifty was up 38.85 points or 0.78% at 5025.95.
About 1738 shares advanced, 1115 shares declined, and 453 shares were unchanged.
Top gainers on the Sensex were Bharti Airtel at Rs 270.50 up 4.93%, ONGC at Rs 1,198 up 2.78%, Reliance Infra at Rs 1,078 up 2.01%, ACC at Rs 857.65 up 1.95% and M&M at Rs 580.65 up 1.69%.
Index heavyweight Reliance was trading at Rs 1,010.50 up 1.41% from its previous close of Rs 996.45.
Refinery major HPCL was trading at Rs 358 up 2.89% from its previous close of Rs 347.95.
However, Top losers on the Sensex were ITC at Rs 280.60 down 3.14%, Tata Power at Rs 1,227.25 down 1.2%, Wipro at Rs 641.90 down 0.31%, Infosys at Rs 2,649 down 0.23% and HUL at Rs 251.25 down 0.1%.
Cigarette major ITC was trading at Rs 280.60 down 3.14% from its previous close of Rs 289.70.
Markets Outlook
Markets, globally, continue to witness a bout of turbulence leading to massive volatility since the past many trading sessions. However, Raamdeo Agrawal of Motilal Oswal Financial Securities feels the current fall is not alarming yet but he does agree to the fact that the cyclicals have been impacted more by the recent correction.
Concentrating on specific stocks and sectors rather than the global scenario, which, according to him, is unlikely to have any catastrophic impact on Indianmarkets in the near term, he says he is bullish on public sector banks. "The State Bank of India (SBI) looks attractive from that pack," he adds.
Suresh Mahadevan of UBS Securities "Maintaining a target of 22,000 for the Sensex by March FY11. If the markets rebound, metal stocks will do very well. He is positive on banks, pharma, real estate and power. “Also, steel stocks look attractive. In fact we have upgraded SAIL to buy,” he adds.
Sensex consolidates; Bharti, ONGC, BPCL top gainers
At 10:23 hours IST - the benchmark Sensex was consolidating at current levels, after previous two-day sell-off on weak global cues. On the one side, oil & gas, telecom, realty and bankingcompanies' shares were helping the markets.
However, selling continued in ITC, Wipro, Infosys, Tata Motors, Tata Power, L&T, Hero Honda, Sun Pharma, Jaiprakash Associates, HCL Tech, HDFC, Power Grid, Hindalco, Jindal Steel and Cipla.
The Nifty continued to face resistance at 5000 level and was trading at 4999, up 12 points. The Sensex rose just 38 points to 16655. However, the Nifty June futures have been in discount since the beginning of series; it was trading at 16 points discount.
The broader indices were outperforming the benchmark indices; about 866 shares advanced while 320 shares declined on NSE.
Top gainers - Bharti Airtel was top gainer on bourses; shot up nearly 6%. The company has made an announcement on Tuesday that it has taken control of Zain Assets.
BPCL was trading at Rs 558.50, up 2.71%; ONGC was at Rs 1,194.25, up 2.57%; Idea Cellular was at Rs 54.20, up 1.78%; M&M was at Rs 577.60, up 1.20%; Reliance Communications was at Rs 169.40, up 1.04%; HDFC Bank was at Rs 1,878, up 0.95% and DLF was at Rs 259.70, up 0.87%.
In the midcap space, Bajaj Finserv, Marico, Kwality Dairy, Simplex Infra and Redington gained 4-7.5% while Rajesh Exports, Triveni Engg, Thomas Cook, M&M Financial and KS Oils fell 2-3.5%.
In the smallcap space, KPIT Cummins, Shrenuj & Company, Shirpur Gold, Thinksoft and Jindal Worldwid went up 5-7% while Kanani Industries, Maharashtra Polybutenes, Ferro Alloys, Henkel India and Oscar Investment lost 3-5%.
Nifty flat with positive bias; oil & gas, metals up
The benchmark Nifty started the day on a flat note following quiet trade in Asian markets. It was facing resistance at around 5000 mark. Oil & gas, metal, realty, financials and auto sectors were on the buyers' radar.
At 9:03 hours IST, the Nifty was trading at 4998, up 112 points and the Sensex was at 16650, up 30 points.
The CNX Midcap rose 55 points to 7796 and BSE Smallcap gained 32 points at 8501. About 513 shares advanced while 161 shares declined on NSE.
Among the frontliners, ITC (went ex-dividend today), HCL Tech, Tata Power, Infosys, HDFC, Reliance Communications and NTPC were under pressure.
However, BPCL, Bharti Airtel, Hindalco, Cairn India, SAIL, Sterlite Industries, ICICI Bank, Reliance Industries, Unitech, ONGC and DLF were gainers in early trade.
Midcap & Smallcap space:
Bajaj Finserv shot up 10%; Berkshire Hathway arm is in preliminary talks with the company, reports CNBC-TV18 quoting sources.
M&M Financial gained just 0.6% on rumours that PE companies may buy some stake in the company.
Rana Sugars rose 2%, as the company is considering demerger of hotel, sugar business.
Texmo Pipes rose 5% and Marico shot up 6%.
Fortis Healthcare, Lakshmi Vilas Bank, Sesa Goa and Ashok Leyland gained 1.2-1.5%.
Global cues:
Asian markets were a bit soft in trade. Nikkei fell 1%. Hang Seng, Jakarta, Kospi and Taiwan lost 0.3-0.4%. Shanghai and Straits Times were flat.
Market cues:
FIIs were net sellers of USD 45.7 million in equities on June 7
NSE F&O Open Int was up Rs 3564 crore at Rs 1.25 lakh crore
As per provisional data of June 8, FIIs were net sellers of Rs 243 crore; DIIs were net buyers of Rs 41 crore in cash markets. FIIs were net buyers of Rs 169 crore in F&O.
F&O cues:
Futures Open Int up Rs 734 crore
Options Open Int up Rs 2830 crore
Nifty Futures add 18 lakh shares in Open Int
Nifty Futures at 18-point discount
Nifty Open Int PCR at 1.32 versus 1.37
Nifty Puts add 14 lakh shares in Open Int
Nifty Calls add 31 lakh shares in Open Int
Nifty 4500 Put adds 4.8 lakh shares in Open Int
Nifty 4900 Put adds 4 lakh shares in Open Int
Nifty 5000 Put sheds 6 lakh shares in Open Int
Nifty 5000 Call adds 8.9 lakh shares in Open Int
Nifty 5100 Call adds 6 lakh shares in Open Int
Stock Futures add 1 cr shares in Open Int
The markets consolidated today after previous two-day sell-off on back of weak global cues. The Sensex shot up more than 200 points after European markets opened 1% higher but that could not sustain for long.
The 30-share BSE Sensex closed at 16,657.89, up 40.79 points or 0.25% and the 50-share NSE Nifty rose 13.20 points or 0.26% to settle at 5,000.30. Nifty June futures turned into premium of 7 points from 20 points discount.
Telecom, oil & gas, metal, capital goods, private banking and realty companies' shares helped indices to remain in positive terrain. However, the sell-off in technology and FMCG companies' shares along with NTPC, Tata Power, Tata Motors, SBI, Power Grid, Hero Honda and Siemens added to volatility.
Bharti Airtel was the top gainer on Nifty; shot up 5.3%. The telecom major was in focus as it closed the Zain Africa acquisition on Tuesday. However, rating agency Standard & Poor's tried to play party pooper and cut Bharti's rating to BB+ from BBB-. The downgrade was on account of worsening leverage and cash flow ratios.
Akhil Gupta, Deputy Group CEO and MD, Bharti Enterprises, said he absolutely disagrees with S&P's assessment. "We see no reason why our business will go down. We have built up net cash positions in the past for major acquisitions. Every good company should have a reasonable amount of debt."
Among other telecom players, Reliance Communications was up 1.5% and Idea Cellular up 0.3%.
ONGC from oil & gas space was the leading counter; gained 2.23% and heavyweight Reliance Industries rose 1%. Cairn India, GAIL and BPCL went up 0.66-1.66%.
The most beaten down metal space also bounced back today; SAIL, Sterlite Industries and Tata Steel gained 1.6-3.3%. Hindalco was up 0.6% and Jindal Steel up 0.4%.
In the financial pack, HDFC Bank, ICICI Bank, PNB, Axis Bank and IDFC were up 0.9-1.7% while SBI lost 0.5%.
Watch CNBC-TV18 live only on MYTV >>
Also Read
* See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows
* See how Global Markets are trading
* Indian ADRs
RSS feed for news
Click here
L&T from capital goods space rose 0.9% and BHEL was up 0.7%. ABB went up 0.3% while Siemens fell 0.6%.
Unitech from realty segment moved up 2.4% and DLF gained 0.35%. ACC from cement pack rose 1.9% while Ambuja Cements was flat.
In auto space, M&M and Maruti were up 0.7-1.3% while Hero Honda and Tata Motors declined 0.5-1%.
On the other side, Wipro and TCS from technology pack slipped 2% each. Infosys was down 1% and HCL Tech down 0.5%.
ITC was the biggest loser on Nifty; plunged over 4%. HUL was down 0.7%.
In the midcap space, Marico, Bajaj Holdings, Bombay Rayon, Anant Raj Industries and Kwality Dairy gained 5-6% while Thomas Cook, Rajesh Exports, Gujarat Mineral, Info Edge and Pantaloon Retail fell 3-5.5%.
However, KPIT Cummins was locked at 20% upper circuit. The company formed joint venture with Bharat Forge to manufacture an indigenously developed hybrid technology solution for automobiles.
Ashapura Mine, Titagarh Wagons, DCM Shriram Consolidated and Diamond Power went up 6-9%. However, Shristi Infra, Kanani Industries, Alcobex Metals, Money Matters and Timken lost 5-11.5%.
The market breadth was positive; about 1624 shares advanced while 1458 shares declined on BSE. Nearly 225 shares remained unchanged.
Volume remained above Rs 1 lakh crore mark; the markets reported total turnover of Rs 1,08,677.93 crore. This included Rs 11,735.54 crore from NSE cash segment, Rs 93,058.52 crore from NSE F&O and the balance Rs 3,883.87 crore from BSE cash segment.
On the global front, Shanghai surged 2.78% post Chinese exports in May grew about 50% from a year earlier, sources told Reuters on Wednesday.
Hang Seng gained 0.7% while Nikkei and Taiwan fell 1% each.
At 14:07 hours IST, the benchmark Sensex turned volatility again after witnessing sharp upmove in the last one hour of trade. The Nifty was consistently facing resistance at around the 5000 level. European markets also came off their day's high, were trading flat with positive bias.
Heavyweights slipped from their day's high and some financials came under pressure. Technology and FMCG companies' shares were down along with NTPC, SBI, Tata Motors, Sun Pharma, Hero Honda, Jaiprakash Associates, Power Grid, HDFC, DLF, Siemens and Kotak Mahindra Bank.
Watch CNBC-TV18 live only on MYTV >>
Also Read
* See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows
* See how Global Markets are trading
* Indian ADRs
RSS feed for news
Click here
However, buying continued in telecom, metal, private banking and oil & gas companies' shares.
The Sensex was trading at 16614, down 2 points and the Nifty was at 4986, down 0.45 points.
Sesa Goa, Tata Steel, SBI, Tata Motors and Hindalco were the most active shares on bourses.
In the midcap space, Marico, Bombay Rayon, Kwality Dairy, Bajaj Finserv and Anant Raj Industries gained 4-7% while Rajesh Exports, Gujarat Mineral, Thomas Cook, Hindustan National Glass and M&M Financial fell 2-5%.
In the smallcap space, KPIT Cummins surged 19.5%. Ashapura Minechem was up 12.10%. Thiru Arooran, Diamond Power and Thinksoft went up 5%. However, Sundram, Kanani Industries, Maharashtra Polybutenes, Alcobex Metals and Money Matters lost 4-5%.
Nifty holds 5K; ONGC, Bharti, RIL, ICICI Bk, BHEL lead
At 13:30 hours IST - the benchmark Nifty was trading higher on back of short covering and was consistently holding the 5000 level, after seeing sell-off in previous two sessions. Positive European cues were quite supportive today, which were down for last three days; CAC, DAX and FTSE gained more than 0.5%.
Metal, oil & gas, realty, banking, pharma, capital goods and telecom companies' shares were helping the Sensex to trade with more than 100 points gains; respective sectoral indices rose 1-2%.
However, there was a bit of volatility due to selling in heavyweight ITC, which was down 3.4%. Tata Power, Wipro, Infosys, NTPC,Tata Motors, HUL, Power Grid and Jaiprakash Associates were other losers in trade.
The Sensex was trading at 16756, up 139 points and the Nifty was at 5031, up 44 points. However, the Nifty June future trimmed its discount to 11 points from 20 points.
Among Asian markets, Shanghai surged 2.8%. Chinese exports in May grew about 50% from a year earlier, sources said on Wednesday, a figure that blew past expectations and fuelled a big jump in domestic stocks.
Hang Seng gained 0.7% while Nikkei and Taiwan fell 1% each.
The market breadth was positive; about 913 shares advanced while 343 shares declined on NSE.
Top gainers - Bharti Airtel was trading at Rs 271.05, up 4.92%; Sterlite Industries was at Rs 624.50, up 2.50%; Reliance Infrastructure was at Rs 1,081, up 2.20%; ACC was at Rs 860.30, up 2.13%; SAIL was at Rs 193.10, up 2.12% and ICICI Bank was at Rs 831.85, up 1.83%.
(With inputs from Reuters)
Sensex trading strong; oil & gas, realty, pharma up
At 11.54 hrs IST, the Sensex was trading strong with 100 points gains at 16,719. Buying was seen in oil & gas, realty, pharma, metal, banking and auto stocks. However, FMCG stocks witnessed selling pressure. Stocks like Reliance, ICICI Bank, L&T, HDFC and HDFC Bank were the positive contributors to the Sensex while Infosys, ITC, HUL, Tata Motors and NTPC were the negative contributors.
The Sensex was up 102.44 points or 0.62% at 16719.54, and the Nifty was up 38.85 points or 0.78% at 5025.95.
About 1738 shares advanced, 1115 shares declined, and 453 shares were unchanged.
Top gainers on the Sensex were Bharti Airtel at Rs 270.50 up 4.93%, ONGC at Rs 1,198 up 2.78%, Reliance Infra at Rs 1,078 up 2.01%, ACC at Rs 857.65 up 1.95% and M&M at Rs 580.65 up 1.69%.
Index heavyweight Reliance was trading at Rs 1,010.50 up 1.41% from its previous close of Rs 996.45.
Refinery major HPCL was trading at Rs 358 up 2.89% from its previous close of Rs 347.95.
However, Top losers on the Sensex were ITC at Rs 280.60 down 3.14%, Tata Power at Rs 1,227.25 down 1.2%, Wipro at Rs 641.90 down 0.31%, Infosys at Rs 2,649 down 0.23% and HUL at Rs 251.25 down 0.1%.
Cigarette major ITC was trading at Rs 280.60 down 3.14% from its previous close of Rs 289.70.
Markets Outlook
Markets, globally, continue to witness a bout of turbulence leading to massive volatility since the past many trading sessions. However, Raamdeo Agrawal of Motilal Oswal Financial Securities feels the current fall is not alarming yet but he does agree to the fact that the cyclicals have been impacted more by the recent correction.
Concentrating on specific stocks and sectors rather than the global scenario, which, according to him, is unlikely to have any catastrophic impact on Indianmarkets in the near term, he says he is bullish on public sector banks. "The State Bank of India (SBI) looks attractive from that pack," he adds.
Suresh Mahadevan of UBS Securities "Maintaining a target of 22,000 for the Sensex by March FY11. If the markets rebound, metal stocks will do very well. He is positive on banks, pharma, real estate and power. “Also, steel stocks look attractive. In fact we have upgraded SAIL to buy,” he adds.
Sensex consolidates; Bharti, ONGC, BPCL top gainers
At 10:23 hours IST - the benchmark Sensex was consolidating at current levels, after previous two-day sell-off on weak global cues. On the one side, oil & gas, telecom, realty and bankingcompanies' shares were helping the markets.
However, selling continued in ITC, Wipro, Infosys, Tata Motors, Tata Power, L&T, Hero Honda, Sun Pharma, Jaiprakash Associates, HCL Tech, HDFC, Power Grid, Hindalco, Jindal Steel and Cipla.
The Nifty continued to face resistance at 5000 level and was trading at 4999, up 12 points. The Sensex rose just 38 points to 16655. However, the Nifty June futures have been in discount since the beginning of series; it was trading at 16 points discount.
The broader indices were outperforming the benchmark indices; about 866 shares advanced while 320 shares declined on NSE.
Top gainers - Bharti Airtel was top gainer on bourses; shot up nearly 6%. The company has made an announcement on Tuesday that it has taken control of Zain Assets.
BPCL was trading at Rs 558.50, up 2.71%; ONGC was at Rs 1,194.25, up 2.57%; Idea Cellular was at Rs 54.20, up 1.78%; M&M was at Rs 577.60, up 1.20%; Reliance Communications was at Rs 169.40, up 1.04%; HDFC Bank was at Rs 1,878, up 0.95% and DLF was at Rs 259.70, up 0.87%.
In the midcap space, Bajaj Finserv, Marico, Kwality Dairy, Simplex Infra and Redington gained 4-7.5% while Rajesh Exports, Triveni Engg, Thomas Cook, M&M Financial and KS Oils fell 2-3.5%.
In the smallcap space, KPIT Cummins, Shrenuj & Company, Shirpur Gold, Thinksoft and Jindal Worldwid went up 5-7% while Kanani Industries, Maharashtra Polybutenes, Ferro Alloys, Henkel India and Oscar Investment lost 3-5%.
Nifty flat with positive bias; oil & gas, metals up
The benchmark Nifty started the day on a flat note following quiet trade in Asian markets. It was facing resistance at around 5000 mark. Oil & gas, metal, realty, financials and auto sectors were on the buyers' radar.
At 9:03 hours IST, the Nifty was trading at 4998, up 112 points and the Sensex was at 16650, up 30 points.
The CNX Midcap rose 55 points to 7796 and BSE Smallcap gained 32 points at 8501. About 513 shares advanced while 161 shares declined on NSE.
Among the frontliners, ITC (went ex-dividend today), HCL Tech, Tata Power, Infosys, HDFC, Reliance Communications and NTPC were under pressure.
However, BPCL, Bharti Airtel, Hindalco, Cairn India, SAIL, Sterlite Industries, ICICI Bank, Reliance Industries, Unitech, ONGC and DLF were gainers in early trade.
Midcap & Smallcap space:
Bajaj Finserv shot up 10%; Berkshire Hathway arm is in preliminary talks with the company, reports CNBC-TV18 quoting sources.
M&M Financial gained just 0.6% on rumours that PE companies may buy some stake in the company.
Rana Sugars rose 2%, as the company is considering demerger of hotel, sugar business.
Texmo Pipes rose 5% and Marico shot up 6%.
Fortis Healthcare, Lakshmi Vilas Bank, Sesa Goa and Ashok Leyland gained 1.2-1.5%.
Global cues:
Asian markets were a bit soft in trade. Nikkei fell 1%. Hang Seng, Jakarta, Kospi and Taiwan lost 0.3-0.4%. Shanghai and Straits Times were flat.
Market cues:
FIIs were net sellers of USD 45.7 million in equities on June 7
NSE F&O Open Int was up Rs 3564 crore at Rs 1.25 lakh crore
As per provisional data of June 8, FIIs were net sellers of Rs 243 crore; DIIs were net buyers of Rs 41 crore in cash markets. FIIs were net buyers of Rs 169 crore in F&O.
F&O cues:
Futures Open Int up Rs 734 crore
Options Open Int up Rs 2830 crore
Nifty Futures add 18 lakh shares in Open Int
Nifty Futures at 18-point discount
Nifty Open Int PCR at 1.32 versus 1.37
Nifty Puts add 14 lakh shares in Open Int
Nifty Calls add 31 lakh shares in Open Int
Nifty 4500 Put adds 4.8 lakh shares in Open Int
Nifty 4900 Put adds 4 lakh shares in Open Int
Nifty 5000 Put sheds 6 lakh shares in Open Int
Nifty 5000 Call adds 8.9 lakh shares in Open Int
Nifty 5100 Call adds 6 lakh shares in Open Int
Stock Futures add 1 cr shares in Open Int
Subscribe to:
Posts (Atom)