Nifty 10-06-2010

இன்றைய சந்தைகளை பொறுத்தவரை நிபிட்டி எட்ட்ரத்தில் முடிவடைய வாய்ப்புகள் உண்டு .நேற்றைய 5000 என்ற நிலையில்ருந்து 30 முதல் 65 புள்ளிகள் உயர வாய்ப்புண்டு இந்த ஏற்றத்திற்கு இன்று ரிலையன்ஸ்,பாரதி நிறுவன பங்குகள் உறுதுணையாக இருக்கலாம் முடிவடைந்த அமெரிக்க சந்தைகள் சற்று பின் தங்கியுள்ளன
தேசிய நிபிட்டி 4967 உடையாத வரை சந்தை உயரத்தையே தக்க வைக்க முயலும் அப்படி இயலாத பட்சத்தில் சந்தை 4820 வரை இறங்கவும் வாய்ப்புகள் அதிகம் .
ஏற்றத்தில் 5015 -5040 -5065 ------5115 இறக்கத்தில் 4980 -4965 4945 --------4820 வரை செல்லும் வாய்ப்புகள்


STOCKS TO WATCH

RELIANCE
CAIRN
ESSAROIL
HPL
IOC
OIL INDIA
RNRL
REC
NEYVELI LIG
RASTRIYA CHEM
NATIONAL FER
NAGARJUNA FER
DLF
HDIL
UNITECH
INDIABULLS REAL
BHARATFORGE
MARUTHI
APPOLLO TYRES
CUMMINS INDIA
BANK OF INDIA
CANARA BANK
SBI
HDFC
KOTAK MAHINDRA
ICICI
INDUSLAND
PNB
YESBANK
STERLITE IND
WELSPUN COR
BHARTHI
IDEA
LANCO INFRA
BHEL
TORRENT POWER
TECH MAHINDRA
MPHASIS
JSW STEEL
GUJ NRE COKE
HINDALCO
ISPAT INDUS
JINDAL STEEL
ABB
ALSTOM PROJ
CROMPTON GRE
EKC
L&T
PRAJ INDUS
TERMAX
HUL
UNITED SPRITS
BIOCON
IPCA LAB
STAR
STERLING BIO
OPTO CIR
SESA GOA
DIVIS LAB

HAPPY TRADING
BULLMARKET INDIAA

The key benchmark indices eked out small gains in a choppy trading session as data showing a surge in car sales in May 2010 triggered bargain hunting after a two-day slide. Revival of the monsoon rains also supported the domestic bourses. European stocks and US index futures dropped. Asian stocks were mixed. The BSE 30-share Sensex was provisionally up 64.79 points or 0.39%, off close to 135 points from the day's high and up close to 90 points from the day's low.

IT and FMCG stocks fell. Metal stocks rose. Index heavyweights Reliance Industries, ICICI Bank and Larsen & Toubro regained strength in late trade. The S&P CNX Nifty provisionally closed above the psychological 5,000 mark, having alternately moved above and below that level in intraday trade.

Intraday volatility was on the bourses was high. The market edged higher in early trade, shrugging off weak Asian stocks. It pared gains later. It soon regained strength to hit fresh intraday high in morning trade. The market once again pared gains soon. The market jumped in early afternoon trade as Chinese stocks surged. The market pared gains in afternoon trade after hitting a fresh intraday high. The market slipped into the red in mid-afternoon trade as European stocks pared gains. The market soon regained positive zone.

Car sales in India jumped 30.4% to 1.48 lakh units in May 2010 over May 2009, as rising incomes and a rapidly expanding economy offset the impact of price increases, data released by the Society of Indian Automobile Manufacturers (SIAM) today showed. It was the highest sales in May ever, the industry body said.

Meanwhile, the monsoon rains have covered good ground to make up for most of the delayed onset forced by tropical cyclone Phet, reaching Karwar on the west coast on Monday. Conditions are favourable for its further advance over some parts of Konkan, Goa, Madhya Maharashtra, Karnataka and Andhra Pradesh during the next three days, an India Meteorological Department (IMD) update said on Tuesday, 8 June 2010.

The monsoon rains were 11% below normal in the week to 2 June 2010. The June-September monsoon rains hit Kerala on 31 May 2010, a day ahead of schedule. The south-west monsoon usually covers the entire country by mid-July. The weather office late April 2010 said rainfall is likely to be 98% of the long-term average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Last month, Australia's weather bureau said the El Nino weather pattern was over. El Nino is caused by an abnormal warming of the eastern Pacific Ocean and can play havoc with weather patterns across the Asia-Pacific region.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season also holds key.

European shares turned negative on Wednesday morning, led lower by British Petroleum. The key benchmark indices in UK and Germany were down by 0.13% to 0.18%. France's CAC 40 was flat.

Chinese stocks surged, reversing earlier losses, boosted by a report of upbeat export and loan growth in May 2010. The Shanghai Composite jumped 2.78%. The key benchmarks in Indonesia and Hong Kong rose by 0.03% to 1.04%. In other Asian stocks, the key benchmark indices in Singapore, Japan, South Korea and Taiwan fell by 0.24% to 1.12%.

US index futures were volatile. Trading in US index futures indicated that the Dow could fall 30 points at the opening bell on Wednesday, 9 June 2010.

US Stocks mostly rose in volatile trading on Tuesday 8 June 2010 led by materials and financial shares, but investors shied away from big-cap technology shares on concerns about their European exposure. The Dow Jones Industrial Average gained 123.49 points, or 1.26% to 9,939.98. The Standard & Poor's 500 Index rose 11.53 points, or 1.10% to 1,062.00. But, the Nasdaq Composite Index dropped 3.33 points, or 0.15% to 2,170.57.

Federal Reserve Chairman Ben Bernanke said the US economy seemed to have enough momentum to avoid a double-dip recession, giving support to domestic-oriented companies.

Euro zone debt worries caused massive outflow of foreign funds from India recently as investors shunned risk. Foreign funds sold shares worth a net Rs 832.21 crore in the first six trading sessions this month, as per data from the stock exchanges. Foreign institutional investors (FIIs) had dumped shares worth a net Rs 12071.14 crore in May 2010.

Domestic funds have absorbed part of the selling by FIIs. Domestic funds bought stocks worth a net Rs 166.75 crore in the first six days this month. Domestic funds bought stocks worth a net Rs 6361.17 crore in May 2010.

On the macro front, data last week showed business activity remained strong for India's vast services sector in May 2010, with a key gauge growing for a 13th consecutive month even as some momentum was lost over the previous month. The HSBC-Markit Business Activity Index stood at 58.2 in May 2010 from a 21-month high of 62.1 in April 2010. A reading above 50 indicates expansion. Services make up about 55% of India's $1.2 trillion economy.

HSBC Markit Purchasing Managers' Index (PMI), based on a survey of 500 Indian firms, surged to a 27-month high of 59 in May 2010 from 57.2 in April 2010, bolstered by steady growth in output, new orders and employment. The rate of growth had slowed in March 2010 and April 2010.

On a flip side, another data showed that the food articles index rose 16.55% in the year to 22 May 2010, accelerating from previous week's rise of 16.23%. The primary articles index, which also includes food articles, rose 16.89%, higher than previous week's 15.90% rise. The fuel price index increased to 14.14 % versus 12.08% rise in the previous week.

India's economy grew at 8.6% in the March 2010 quarter driven by robust manufacturing sector on the back of government and consumer spending, data released by the government on Monday, 31 May 2010, showed. The growth was significantly higher than the revised 6.5% expansion in Q3 December 2009 and a 5.8% growth in Q4 March 2009. The manufacturing sector grew 16.3%, farm output rose 0.7%, mining sector expanded 14% and services increased by 8.4% in January-March 2010 quarter from a year earlier. For the full year to March 2010, the economy expanded 7.4%, above a government forecast of 7.2%. Economic growth had slowed down to 6.7% in year ended March 2009.

Investors will eye the first installment of the corporate advance tax payment which will give some clue about Q1 June 2010 corporate results. The first installment of corporate advance tax falls due on 15 June.

As per provisional figures, the BSE 30-share Sensex was up 64.79 points or 0.39% to 16,681.89. The Sensex rose 200.59 points at the day's high of 16,817.69 in early afternoon trade. The Sensex fell 25.84 points at the day's low of 16,591.26 in mid-afternoon trade.

The S&P CNX Nifty was up 22.25 points or 0.45% to 5,009.35 as per provisional figures.

The BSE Mid-Cap index rose 0.5%. The BSE Small-Cap index rose 0.37%.

The market breadth, indicating the overall health of the market, was positive. On BSE, 1448 shares advanced as compared with 1326 that declined. A total of 107 shares were unchanged. The breadth was much stronger earlier in the day.

From the 30 share Sensex pack, 19 rose and rest fell.

BSE clocked turnover of Rs 3882 crore, higher than Rs 3464.09 crore on Tuesday, 8 June 2010.

Index heavyweight Reliance Industries (RIL) rose 1.09% to Rs 1007.35. The stock hit a high of Rs 1014.80 and a low of Rs 1000. Anil Ambani withdrew a Rs 10000-crore defamation suit filed in the Bombay High Court against elder brother Mukesh Ambani as the two brothers seek harmonious relationship. Anil had accused Mukesh of defaming him in a 2008 interview with the New York Times.

Meanwhile, RIL may reportedly foray into nuclear energy after being freed from a non-compete agreement with the Anil Dhirubhai Ambani Group (ADAG) that barred it from investing in some businesses, including power. Recently, reports had also suggested that RIL may make its first big-ticket investment in coal-fired power plants.

India's largest cigarette maker by sales ITC fell 4.09% after the stock turned ex-dividend. The stock was the top loser from the Sensex pack. The stock had hit a record high of Rs 292.45 on Tuesday. ITC had declared a dividend of Rs 4.50 per share for the year ended March 2010 and also a special centenary dividend Rs.5.50 per share.

ITC's board meets on 18 June 2010 to consider the bonus share issue. The company had last issued bonus shares in the ratio of 1:2 in 2005.

India's largest FMCG maker by sales Hindustan Unilever fell 0.7%. The company said after market hours on Thursday, 3 June 2010, that its board of directors will meet on 11 June 2010 to consider buyback of shares.

Among other FMCG stocks, United Spirits, Tata Tea and Dabur India fell by between 0.69% to 2.12%.

Metal and mining stocks rose as LMEX, a gauge of six metals traded on the London Metal Exchange rose 2.03% on Tuesday, 8 June 2010. Sesa Goa, Jindal Steel & Power, Hindustan Zinc, Steel Authority of India, Sterlite Industries rose by between 0.51% to 3.38%.

India's largest steel maker by sales Tata Steel rose 2.49%. The stock fell 2.19% on Tuesday after the company announced before market hours on Tuesday that its subsidiary has raised stake in Canadian mining firm New Millennium Capital Corp (NML). The company now holds 27.4% outstanding shares of NML.

Hindalco Industries rose 1.66% on reports company plans to borrow about Rs 14000 crore in the next couple of years to build two new plants that will treble its aluminium making capacity.

Banking stocks rose in volatile trade. ICICI Bank was up 1.36% to Rs 828, on bargain hunting after a 3% fall on Tuesday. The stock a high of Rs 838.75 and a low of Rs 814. India's second largest private sector bank by sales HDFC Bank rose 1.32% to Rs 1885 as its ADR rose 3.65% on Tuesday, 8 June 2010. The stock hit a high of Rs 1894 and a low of Rs 1852.60.

India's largest bank in terms of branch network State Bank of India fell 0.5%. SBI is likely to launch a Rs 20000-crore rights issue in the second half of 2010/11, Chairman O.P. Bhatt said on Wednesday.

Bank credit to businesses and individuals has seen a pick-up of around Rs 5,600 crore while deposits with banks have fallen by nearly Rs 5,000 crore during the fortnight ended 21 May 2010.

IT stocks extended recent losses on disappointing US non-farms payroll data for May 2010. US is the biggest market for the Indian IT firms. India's second largest software services exporter by sales Infosys fell 1.17%, with the stock falling for the third straight day. Its ADR rose 1.47% on Tuesday, 8 June 2010. India's largest software services exporter by sales TCS fell 1.96%, with the stock falling for the third straight day.

India's third largest software services exporter by sales Wipro fell 2.12%, with the stock falling for the third straight day. Its ADR rose 0.55% on Tuesday, 8 June 2010. The company announced during market hours on Monday that it has fixed 16 June 2010 as the record date for issue of bonus shares in the ratio of 2:3.

High beta realty stocks rose on bargain hunting. DLF, Indiabulls Real Estate, Unitech, Phoenix Mills, Anant Raj Industries rose by between 0.25% to 5.1%.

Capital goods stocks rose on expectations of continued order flows. Bharat Heavy Electricals, ABB, Larsen & Toubro, Praj Industries, Crompton Greaves, Punj Lloyd rose by between 0.04% to 1.33%.

ARSS Infrastructure Projects jumped 3.05% after the company secured a new work order worth Rs 114.49 crore from Rites, Nagpur.


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