Free Hot intraday stock tip for December 31, 2010

Free intraday stock market tips,Stock picks for today December 31,2010,Hot intraday pick of the day,Buy ABG Infralogistics

ABG Infralogistics Buy Above Rs.213.00, Target-I: Rs.217.50, Target-II: Rs.220.00, StopLoss: Rs.206.00

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Nifty closed above 6100 today; first time since November 15, 2010

BSE Sensex today,NSE Nifty today,Today's Indian stock market updates,Share markets today

The 30-share BSE Sensex today closed at 20,389.07 by gaining 133.04 points or 0.66% and the 50-share NSE Nifty rose 41.50 points or 0.68% to close at 6101.85. The Nifty January futures ended at a 25-point premium. In the December series, the Sensex surged 5.5% while the Nifty rose 5.2%.

Suzlon Energy was the biggest gainer with 5.5% jump. NTPC is also the leader in Nifty today gained 2.2% followed by technology stocks like TCS and Infosys with gain of 1.2% each. Wipro rose 0.3%. In power pack, Tata Power, Power Grid, Reliance Power and Reliance Infrastructure were up 0.6-1.7%.

On metal side, Sterlite Industries, Jindal Steel and Hindalco went up 1.3-1.9%. Tata Steel, Sesa Goa and SAIL were up 0.5-0.7%. Bharti Airtel from telecom pack rose 1% while Reliance Communications declined just 0.2%. BHEL and L&T from capital goods space gained 1-1.4%. Tata Motors and Hero Honda from auto segment moved up 2% each; M&M and Maruti were marginally up.

In financial space, HDFC and Axis Bank climbed 1.6% each; ICICI Bank and IDFC went up 0.6% each. However, HDFC Bank, SBI, Kotak Mahindra Bank and PNB slipped 0.2-1%. HUL from FMCG space rose 1.5% and ITC was up just 0.2%. Heavyweights Reliance Industries gained just 0.25% while ONGC lost 0.67%. The Newly listed Punjab & Sind Bank closed at Rs 127.15 as against issue price of Rs 120 a share.

The BSE Midcap Index was up 0.7% and Smallcap up 0.4%. About 1681 shares have advanced, 1254 shares declined, and 538 shares are unchanged. In midcap space, Rajesh Exports, Ruchi Soya, Dredging Corp, Aban Offshore and Indiabulls Real jumped 5.7-10% while Man Infra, MVL, Sunteck Realty, Polaris and Tulip Telecom fell 2-3.5%. In smallcap space, Binani Industries, ABG Infralogistics, Surana Industries, Symphony and Hawkins Cooker rallied 9-12% whereas SE Investments, Modern India, Garden Silk Mills, Maharashtra Elektrosmelt and Midfield Industries lost 5-8.6%.

Total traded turnover on exchanges stood at Rs 1,88,073.75 crore. This included Rs 15,252.87 crore from NSE cash segment, Rs 1,69,305.31 crore from NSE F&O and the rest of Rs 3,515.57 crore from BSE cash segment.

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Nifty closed above 6100 today; first time since November 15, 2010

BSE Sensex today,NSE Nifty today,Today's Indian stock market updates,Share markets today

The 30-share BSE Sensex today closed at 20,389.07 by gaining 133.04 points or 0.66% and the 50-share NSE Nifty rose 41.50 points or 0.68% to close at 6101.85. The Nifty January futures ended at a 25-point premium. In the December series, the Sensex surged 5.5% while the Nifty rose 5.2%.

Suzlon Energy was the biggest gainer with 5.5% jump. NTPC is also the leader in Nifty today gained 2.2% followed by technology stocks like TCS and Infosys with gain of 1.2% each. Wipro rose 0.3%. In power pack, Tata Power, Power Grid, Reliance Power and Reliance Infrastructure were up 0.6-1.7%.

On metal side, Sterlite Industries, Jindal Steel and Hindalco went up 1.3-1.9%. Tata Steel, Sesa Goa and SAIL were up 0.5-0.7%. Bharti Airtel from telecom pack rose 1% while Reliance Communications declined just 0.2%. BHEL and L&T from capital goods space gained 1-1.4%. Tata Motors and Hero Honda from auto segment moved up 2% each; M&M and Maruti were marginally up.

In financial space, HDFC and Axis Bank climbed 1.6% each; ICICI Bank and IDFC went up 0.6% each. However, HDFC Bank, SBI, Kotak Mahindra Bank and PNB slipped 0.2-1%. HUL from FMCG space rose 1.5% and ITC was up just 0.2%. Heavyweights Reliance Industries gained just 0.25% while ONGC lost 0.67%. The Newly listed Punjab & Sind Bank closed at Rs 127.15 as against issue price of Rs 120 a share.

The BSE Midcap Index was up 0.7% and Smallcap up 0.4%. About 1681 shares have advanced, 1254 shares declined, and 538 shares are unchanged. In midcap space, Rajesh Exports, Ruchi Soya, Dredging Corp, Aban Offshore and Indiabulls Real jumped 5.7-10% while Man Infra, MVL, Sunteck Realty, Polaris and Tulip Telecom fell 2-3.5%. In smallcap space, Binani Industries, ABG Infralogistics, Surana Industries, Symphony and Hawkins Cooker rallied 9-12% whereas SE Investments, Modern India, Garden Silk Mills, Maharashtra Elektrosmelt and Midfield Industries lost 5-8.6%.

Total traded turnover on exchanges stood at Rs 1,88,073.75 crore. This included Rs 15,252.87 crore from NSE cash segment, Rs 1,69,305.31 crore from NSE F&O and the rest of Rs 3,515.57 crore from BSE cash segment.

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Free & hot intraday stock market tip for December 30, 2010

Free intrday stock tips,Hot intraday stock market tip,Buy for December 30,2010,Binani Industries Buy call,stock pick of the day

Binani Industries Buy Above Rs.200.00, Target-I: Rs. 204.00, Target-II: Rs.206.50, StopLoss: Rs.194.00

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Indian stock markets ended at one & half month high; All sectors in BSE ended at green

BSE Sensex today,NSE Nifty today,Indian equity market updates,Share markets today,Indian stock markets update

The 30-share BSE Sensex closed at 20,256.03, up 230.61 points or 1.15% and the Nifty rallied 64.35 points or 1.07% to settle at 6,060.35. Broader indices too gained; the BSE Midcap Index was up 0.5% and Smallcap up 1.1%.

By gaining 230 points indian equity benchmarkes closed at one and half month highs. Buying are interested in financial, metal, FMCG and auto sectors. The Nifty settled above 6050 level for first time since November 15, 2010 and the Sensex added more than 200 points on Wednesday after a big period consolidation.

All sectors in BSE ended in green. The BSE FMCG, Metal and Bank indices went up 1.5% each. Auto, Capital Goods, IT and Power were up 0.4-0.8%. Bharti Airtel was the leader on Nifty today; surged 3.4% while Reliance Communications went down 0.5% on profit booking. Heavyweight ONGC was up 1%.

Financials and metals were biggest gainers today. In financial space, HDFC Bank rose 3.2% and HDFC was up 2.4%. ICICI Bank, SBI and Axis Bank gained 1-2%. Sterlite Industries, SAIL, Hindalco and Jindal Steel from metal pack were up 1.5-3.4%. Tata Steel and SAIL were up 0.5% each. ITC and HUL from FMCG space moved up 1.75% & 3.5%, respectively.

TCS and Infosys from technology space climbed 0.66-0.9% while HCL Tech and Wipro fell 0.5-0.6%. DLF from realty segment rose 0.75%. L&T and BHEL from capital goods space gained 0.87% & 0.33%, respectively. In power pack, NTPC, Reliance Infrastructure and Tata Power moved up 0.4-1% while Power Grid, Suzlon and Reliance Power declined 0.2-0.6%.

In auto space, Maruti, M&M and Bajaj Auto went up 1.2-1.6%; Tata Motors and Hero Honda were up 0.4-0.6%. In midcap space, Gujarat Flourochem, MindTree, Ruchi Soya, Greaves Cotton and HCC shot up 4.4-7.5% while Money Matters, United Breweries, Amtek Auto, Sterling International and Rei Agro lost 2-5%.

In smallcap space, Binani Industries surged 20% and AP Paper Mills jumped 19%. TTK Healthcare, Maharashtra Polybutenes and ISMT gained 12-17%. However, Asian Hotels, Graviss Hosp, Elpro Intl, Oscar Invest and Centrum Finance declined 5-8.7%.

Market breadth was positive. About 1843 shares advanced while 1115 shares declined on BSE. Both exchanges reported total traded turnover at Rs 1,37,498.94 crore. This included Rs 9,520.92 crore from NSE cash segment, Rs 1,25,045.95 crore from NSE F&O and the rest of Rs 2,932.07 crore from BSE cash segment.

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Indian stock markets trading positive; Nifty above 6000 mark

BSE Sensex,NSE Nifty,Indian stock markets now,Share market updates

The Indian equity benchmarks gained in the morning trading session. The Sensex gained more than 100 points, especially after consolidation for last few sessions. The Nifty has been in a range of 5950-6050 level.

Financial and metal companies' shares were leading the markets, followed by FMCG, power and oil & gas companies' shares along with Bharti Airtel, TCS, DLF, Maruti, Tata Motors and Infosys.
However, downtrend continued in Wipro, BHEL, Sun Pharma, Cipla, Reliance Communications, HCL Tech, Ambuja, M&M, Hero Honda and ACC, which capped gains a bit.

The 30-share BSE Sensex rose 139.57 points to 20,164.99 and the 50-share NSE Nifty gained 41.40 points at 6,037.40. Broader indices were outperforming benchmarks; the BSE Midcap Index was up 0.7% and Smallcap up 1%.

Among largecaps, Hindalco, Bharti Airtel, Sterlite Industries, HDFC Bank, Jindal Steel and SAIL went up 1-2% while Cipla, Wipro, BHEL, Reliance Communications, M&M and Sun Pharma declined 0.2-0.9%.

Gitanjali Gems, Ravi Kumar Distilleries, VIP Industries, Tata Motors, BF Utilities, Reliance Industries, ICICI Bank and Aban Offshore were most active shares on exchanges.

In midcap space, MindTree, Monsanto India, KGN Industries, Shriram City and Aban Offshore were up 3.7-6% while Money Matters, Sterling International, Amtek Auto, Manappuram and Info Edge lost 1.8-5%.

In smallcap space, Binani Industries surged 17%. TTK Healthcare, Sahara One, ISMT and Symphony gained 10-13% whereas Asian Hotels, Elpro Intl, SVC Resources, Midfield Industries and Spectacle Info fell 5% each.

Breadth was positive; about 1807 shares advanced while 900 shares declined on Bombay Stock Exchange.

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Free & Hot intraday pick of the day December 29, 2010

Free intraday stock market tips,Hot stock tips for today,Intrday pick of the day December 29,2010,Buy India Infoline

India Infoline Buy Above Rs.80.00, Target-I: Rs.82.50, Target-II: Rs.84.50, StopLoss: Rs.75.25

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Nifty struggling aroung 6000 mark; Trading in Red

BSE Sensex update,NSE Nifty today,Today's market update,Sensex and Nifty Now,Indian stock markets today

At 03:25 pm IST, the 30-share BSE Sensex was trading at 20,009, down 19 points while the 50-share NSE Nifty fell 5 points to 5,993.

The benchmark Nifty was hovering around 6000 level due to low participation from traders. ADAG Stocks, technology, telecom, HDFC group, healthcare, select power and metal companies' shares were witnessing buying interest.

On the other side of trade, selling continued in ONGC, Tata Motors, Reliance Industries, SBI, ICICI Bank, L&T, HUL, SAIL and Power Grid, which capped the gains.

Among Blue chip, Reliance Communications, HDFC Bank, Tata Power, Wipro,Bajaj Auto, Ranbaxy Labs and Suzlon Energy went up 1-3%.

However, Tata Motors was trading at Rs 1,273.50, down 2.08% and Axis Bank was at Rs 1,292.80, down 1.81%. ICICI Bank, SBI, L&T, ONGC and GAIL declined 0.7-1%.

In midcap space, United Breweries rallied 14.46%. Motilal Oswal, UB Holdings, Manappuram and Trent were up 5-10% while Money Matters, Glodyne Tech, Hathway Cable, Amtek Auto and Patni Computer were down 3-5%.

In smallcap space, Bartronics rose 16.83%. Symphony, Genus Power, Moser Baer and Shasun Chemical gained 8.7-10% while Sahara One, Graviss Hosp, Surana Industries, Aditya Birla and Centrum Finance lost 5-8%.

Market breadth was mixed which was about 1411 shares advanced on Bombay Stock Exchange as against 1429 shares declined.

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Free & Hot intraday stock tips for December 28, 2010

Free intraday stock market tips,Hot stock tips for today,Intrday pick of the day December 28,2010,Sell SAIL

SAIL Sell Below Rs.177.00, Target-I: Rs.175.50, Target-II: Rs.173.00, StopLoss: Rs.184.00

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Nifty ended the day with down by 44 points, settle at 5998

BSE Sensex today,NSE Nifty today,Indian stock markets today,Share market updates

Indian shares ended the day with red closed 0.2% lower on Monday. The 30-share BSE Sensex closed at 20029, down 44.7 points and the 50-share NSE Nifty fell 13.5 points to settle at 5,998 as investors locked in some gains.

Metal producer Sterlite Industries , top mobile phone operator Bharti Airtel and India's most valuable firm Reliance Industries led the losses. ADAG's Reliance Communications closed down 3.6 percent at 136.85 rupees, after elder brother Mukesh Ambani's Reliance Industries on Friday denied market talk it was planning to invest in India's No. 2 mobile operator. Reliance Communications stock had risen 10.5 percent on Friday, helped by the market rumour. The 30-share main BSE index .

The Newly listed Ravi Kumar Distilleries closed at Rs 80.05 up 25.08% over issue price of Rs 64 a share. In smallcap space, Shriram EPC, Transport Corp, Venkys, Gokul Refoils and Kanani Industries went up 10-12.2% whereas Centrum Finance, Midfield Industries, EIH Associated Hotel, SVC Resources and Sujana Towers lost 5% each.

About 1502 shares advanced on Bombay Stock Exchange while 1441 shares declined.

Total traded turnover on exchanges stood at Rs 1,18,992.19 crore. This included Rs 9,317.43 crore from NSE cash segment, Rs 1,06,622.35 crore from NSE F&O and the rest of Rs 3,052.41 crore from BSE cash segment.

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Nifty trading in negative territory; SAIL, Bharti, Sterlite, RCom leads the decline

NSE Nifty,BSE Sensex,Today's market,Share market now,stock markets today,Indian stock markets update

The 50-share NSE Nifty was consolidating at previous closing value and was moving in a narrow range of 6012-6045. Capital goods, technology, healthcare, realty, cement and auto companies' shares were helping the markets; ONGC was also quite supportive.

However, telecom, metal, Anil Dhirubhai Ambani Group and select power companies' shares were witnessing selling pressure, which limited the gains.

The Sensex was trading at 20106, with gain of 32 points and the Nifty rose 7 points to 6,018. The BSE Midcap Index was up 0.3% and Smallcap up 0.6% around 01:00pm IST.

Among largecaps, DLF, TCS, ICICI Bank, L&T, Tata Power, Ambuja Cements, Dr Reddy's Labs and Sun Pharma were up 0.7-2.2%.

However, Reliance Communications, Sterlite Industries, Reliance Infrastructure, Tata Steel, Hindalco, SAIL and Reliance Power slipped 0.9-3%.

BF Utilities, Jindal Photo, SBI, Reliance Communications, Tata Motors and Tata Steel were most active shares on exchanges.

New listing - Ravi Kumar Distilleries was trading at Rs 85, up 32.81% over issue price of Rs 64 a share.

In midcap space, BF Utilities rallied 14.41% as board approved FDI investment of Rs 500 crore in NECE (Nandi Economic Corridor Enterprises) via equity and convertible debentures.

ARSS Infra, Praj Industries, Gammon Infra and Essar Shipping gained 5-7% while Money Matters, India Infoline, KGN Industries, Shriram City and Blue Dart were down 2.6-5%.

In smallcap space, Shriram EPC shot up 15.74% and Transport Corp up 13.61%. Venkys, Kanani Industries and Jindal Worldwid were up 8-10% while Midfield Industries, SVC Resources, Bheema Cements, Sujana Towers and Spectacle Info declined 5% each.

About 1656 shares advanced on Bombay Stock Exchange as against 1071 shares declined.

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Intraday stock pick of the day December 27, 2010

Intraday pick,Stock tip for today,pick of the day,Free stock tips for December 27,2010,Hindalco Buy

Hindalco Buy Above Rs.240.00, Target-I: Rs.243.50, Target-II: Rs. 246.00, StopLoss: Rs.235.00

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Sensex closed above 20,000 mark in volatile session

BSE Sensex,NSE Nifty,Anil Dhirubhai Ambani Group (ADAG),Indian share markets today,Stock market updats

After trading in a range of 5950-6000 since morning, the benchmark Nifty strengthened in the last couple of hours to close above the psychologically important level of 6000. The index was in the 50-point range since Tuesday while the Sensex has been hovering around a 100-150 point range.

Telecom, Anil Dhirubhai Ambani Group (ADAG), FMCG, power, healthcare and select metal companies' shares along with L&T, Wipro, HDFC Bank, SBI and DLF supported the Sensex to settle above 20,000-mark.

However, the sell-off was seen in Tata Motors, ICICI Bank, ONGC, BHEL, SAIL, BPCL, HDFC, IDFC JSPL and HCL Tech, which limited gains to some extent.

The 30-share BSE Sensex closed at 20,073.66, up 90.78 points or 0.45% and the 50-share NSE Nifty rose 31.60 points or 0.53% to settle at 6,011.60.

ADAG companies' shares were on buyers' radar in last couple of hours of trade; Reliance Communications was top gainer as well as leader on Nifty with 10.4% gains. Reliance Power rose 5%. Reliance Infrastructure and Reliance Capital gained 2.8-3.4%. Bharti Airtel from telecom pack went up 1.5%.

ITC and HUL from FMCG space were up 1.3-1.8%. Sun Pharma was among top gainers for second consecutive day; rose another 4.5%. Cipla was up 1% and Ranbaxy Labs up 0.5%.

L&T from capital goods space moved up 1.3% and Siemens surged 4% while BHEL declined 0.76%. In power pack, Suzlon Energy jumped 4%; NTPC, Tata Power, Power Grid were up 0.5-1.3%.

In metal segment, Sterlite Industries, Tata Steel, Hindalco and Sesa Goa moved up 1.7-2.6% whereas SAIL and Jindal Steel were down 0.2-0.75%. DLF from realty space went up 0.9%.

M&M and Hero Honda from auto space rose 0.4-1.4% while Tata Motors tanked 3.44%, which was top loser on Nifty.

In financial space, HDFC Bank and PNB were up 1-1.25%; SBI and Kotak Mahindra Bank went up 0.3% each while IDFC, HDFC and ICICI Bank fell 0.4-1%.

Heavyweight ONGC lost 0.4% and BHEL slipped 0.76%.

In midcap space, BF Utilities surged 19.47%. Jubilant Foodworks, Bajaj Hindusthan, MVL and HCL Info were up 4.6-5.5% while Money Matters, Simplex Infra, Ballarpur Industries, Jain Irrigation and Hathway Cable slipped 3-5%.

In smallcap space, Jindal Worldwide shot up 20% and Hercules Hoists up 15.12%. Hanung Toys, Hawkins Cooker and MBL Infra gained 7-9.7% while Lloyds Metals, Asian Hotel (E), Relaxo Footwear, Sahara One and Graviss Hosp declined 5-7%.

A2Z Maintenance, BF Utilities, Reliance Communications, SBI, Tata Steel and Tata Motors were the most active shares on exchanges.

About 1617 shares advanced on Bombay Stock Exchange as against 1291 shares declined.

Total traded turnover on exchanges stood at Rs 1,23,382.81 crore. This included Rs 9,978.84 crore from NSE cash segment, Rs 1,10,437.94 crore from NSE F&O and the rest of Rs 2,966.03 crore from BSE cash segment.

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Free intraday stock pick of the day December 24, 2010

Intraday pick,pick of the day,stock pick for December 24,2010,Sintex Industries buy

Sintex Industries Buy Above Rs.180.00, Target-I: Rs.184.00, Target-II: Rs.187.00, StopLoss: Rs.175.00

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Skype is down for more than 12 hours

Skype,Skype down,2010 Skype down,12 hours down for skype

Skype was down, suffering the worst outage to the popular VOIP service provider since 2007. Skype's outage affected millions of users around the world for several hours, Skype confirmed in a statement. Skype is slowly coming back to normal, lthough not yet 100%.

An hour ago, Skype had this message on its Twitter feed. Skype apologized to users for the unexpected outage and suggested the service is still working to get all its users back online.

Skype said the outage occurred due to a lack of supernodes in certain version of Skype -- although a p2p service, Skype relies on what it calls 'supernodes' to establish communication between your PC and a phone. And Skype said it's working on solving the problem.

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Free Hot intraday tip for December 23, 2010

Free intraday stock tips,Hot intraday tip for December 23,2010,DB Realty,intraday pick of the day

DB Realty Buy Above Rs.190.00, Target-I: Rs.193.00, Target-II: Rs.195.50, StopLoss: Rs.185.00

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Nifty slips into red; Trading below 6000 mark

BSE Sensex,NSE Nifty,Stock market updates,Share markets today,BSE Small-Cap index,BSE Mid-Cap index,Top gainers,Top Losers

At 2:23 pm (IST), the BSE Sensex was at 20,060, down 106 points over the previous close. It had earlier touched a day's high of 20,151 and a day's low of 19,936. It had opened at 20,118. The NSE Nifty was down 36 points at 5963 after touching a day's high of 6,019 and a day's low of 5960. It had opened at 6,019.

After holding in a narrow trading range for most part of the day, the key Indian stock indices have slipped into the negative territory in mid-afternoon trade. The BSE Sensex and the NSE Nifty are trading near the lowest point of the day.

The broader market too has witnessed selling pressure at higher levels with the BSE Mid-Cap index falling into red. The BSE Small-Cap index is barely holding on to slim gains.

In global action, markets in Asia finished mixed. Benchmarks in Japan ended marginally down while that in China fell by nearly 1%. Stock indices in Hong Kong and Australia rose slightly. European markets were trading more or less flat.

The BSE Small-Cap index was up 0.15% while and the BSE Mid-Cap index was down 0.09%.

Bharti Airtel, Jindal Steel, M&M, Sterlite, Tata Power, NTPC, Ranbaxy, Jindal Steel, Power Grid and ONGC were the top gainers in the two main indices

Maruti, Cipla, Hero Honda, Reliance Infra, Wipro, Suzlon ,IDFC and HCL Tech were the biggest losers in the Sensex and the Nifty.

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Nifty trading above 6000 mark

NSE Nifty,BSE Sensex,Indian Stock markets today,stock market now,update indian share market

The benchmark Nifty started the trade on a mildly positive note amid volatility. Even Asian markets were quite in trade today. The index was holding the 6000-mark and the Sensex jumped above 20100 level. At 10:50 hours IST, the 30-share BSE Sensex was trading at 20097, up 37 points and the 50-share NSE Nifty rose 9 points to 6010.

Among frontliners, ICICI Bank, SBI, Bharti Airtel, PNB, Sesa Goa, Sterlite Industries, Infosys, Ambuja Cements, BHEL, Ranbaxy, Sun Pharma, ITC and HUL were on buyers' radar.However, Wipro, TCS, Hero Honda, ACC and Maruti Suzuki were witnessing selling pressure.

The CNX Midcap jumped 37 points at 8,740 and the BSE Smallcap Index went up 0.36% to 9,342. About 569 shares advanced while 177 shares declined on National Stock Exchange.

JSW Steel has put open offer for Ispat at Rs 20.54/share, which will open on February 12 and close on March 3. JSW Steel was up 0.5% and Ispat Industries jumped 4.5% to above Rs 22.

Patni promoters may have got 3 financial bids for stake sale, reports CNBC-TV18 quoting sources. The stock gained 2%.

Tanla Solutions shot up 5.7% and Essar Shipping up 5%. 3i Infotech, Indiabulls Financial, India Infoline, City Union Bank and Core Projects rallied 1-3%. However, Mahindra Satyam was down 1.8%, Shree Ashtavinayak down 4.7% and M&M Financial down 2.5%.

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Indian stock markets today; Sensex ended above 20,000

Indian stock markets today,BSE Sensex,NSE Nifty updates today,BSE Midcap,BSE Smallcap

Indian markets gained for the second straight day where BSE Sensex ended the day by gaining 171 points to close at 20,060 and the NSE Nifty gained 53 points to close at 6,001.

Sustained buying was seen in Metals, Banking and Realty counters, while defensive plays such as Pharma, FMCG and IT stocks were subdued. Sentiment was upbeat throughout the session today, as Asian markets posted smart gains following the easing of tensions on the Korean peninsula. Equity markets across Europe too extended gains, notwithstanding a warning from Moody's that it could slash Portugal's credit rating.

The BSE Sensex advanced 171 points to close at 20,060 after being as high as 20,090. It had opened at the day's low of 19,925. The NSE Nifty gained 53 points to close at 6,001 after touching a day's high of 6,007. It had opened at the day's low of 5,960.

Sterlite, Hindalco, ICICI Bank, DLF, SBI, Wipro, Jindal Steel, Tata Steel, HDFC Bank, M&M, RIL, Maruti, Ranbaxy, Sesa Goa, Axis Bank and IDFC were the top gainers in the two main indices. Sun Pharma, Hero Honda, Dr. Reddy's, BPCL, Suzlon and ACC were the notable losers in the Sensex and the Nifty.

Outside the main indices, the biggest winners were Arshiya International, Akzo India, City Union Bank, India Infoline, Gujarat Pipavav, Jai Corp, Tech Mahindra, Firstsource Solutions, Hotel Leela, SpiceJet, Asian Paints and Wockhardt.

Ispat Industries, Unichem Labs, Shree Ashtavinayak, Sintex, Sadbhav Engineering, Opto Circuits and Power Finance were among the biggest losers in the BSE 500 index.

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Hot intraday stock pick of the day December 21, 2010

Hot stock pick,Intraday stock pick of the day,Today's hot stock pick,tip of the day December 21,2010,Ispat Industries

Ispat Industries Buy Above Rs.25.00, Target-I: Rs. 26.50, Target-II: Rs. 28.25, StopLoss: Rs. 22.00

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Indian stock markets trading in positive today; Nifty above 5950

BSE Sensex,NSE Nifty,BSE Auto Index,BSE Small-cap,BSE Mid-cap,Indian stock markets today,Latest market update,Today's indian share market updates

At 12:53pm IST, the 30 share indian stock index BSE Sensex was at 19,922, up 55 points or 0.2% over the previous close. It had earlier been as low as 19,711 after opening at 19,770.

The broader market is doing sightly better today compared to the Large-Cap counters, leading to a positive market breadth. Hero Honda has leading a rally in the BSE Auto index as investors welcome clarity on the terms of the formal break-up with Honda. Consumer Durables, IT and Metal shares have gained marginally. Banking and Pharma stocks are the worst performers of the day so far.

The NSE Nifty was up 12 points at 5,961 or 0.2% after touching a day's high of 5,962 and a day's low of 5,900. It opened at 5,926.

The BSE Small-cap index and the BSE Mid-cap index are up 0.8% and 0.2% respectively.

Hero Honda, Cipla, M&M, TCS, Tata Steel, Infosys,RIL, HFC, ICICI Bank, Jindal Steel, Wipro, BHEL, JP Associate, DLF, Bajaj Auto and IDFC are among the notable gainers in the Sensex and the Nifty.

Dr. Reddy's, Bharti Airtel, ONGC, Kotak Mahindra Bank, Axis Bank, NTPC, Sun Pharma, RCOM, HDFC Bank and ITC are among the laggards in the Sensex and the Nifty.

The market breadth is positive on the BSE with 1,638 shares rising and 1,089 shares falling.

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Hot intraday stock pick of the day - December 20, 2010

Intraday stock pick,stock pick of the day,hot stock pick today,free stock tip for December 20,2010

Wipro Buy Above Rs.470.00, Target-I: Rs. 477.00, Target-II: Rs. 481.50, StopLoss: Rs.462.50

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Indian stock market outlook for next week: Dec 20 to 24, 2010

Indian stock market outlook,Indian stock market next week,Share market overview for Dec 20 to 24,2010,Stock outlook next week

After a long sideways trading session markets gained the momentum on last trading session of the week to close with smart gains. The strength shown on the last day of the week confirmed the presence of bulls in the market and as we had mentioned in our earlier records the importance of 5725 level in nifty future and the same was not broken and nifty futures bounced from the levels of 5750 which is another major indication of strength in the markets.

5980 is a minor resistance level in nifty future above which it will try to test the level of 6090 and once the level of 6100 is comfortably crossed and sustained, it will confirm a bottoming formation in nifty and it will again try to touch new highs. So, one can have bullish sentiments in the markets for next week above the levels of 5980.

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RBI keeps rates unchanged; Cuts SLR from 25% to 24%

Reserve Bank of India (RBI),interest rates,repo,reverse repo,CRR,statutory liquidity ratio (SLR)

Reserve Bank of India (RBI) has left all rates unaltered after six increases since March. Thus rates including repo, reverse repo, CRR stand unchanged at 6.25%, 5.25% and 6%, respectively.

Even though easing inflation has given the RBI enough room to leave interest rates on hold at its policy review, it has warned that the risk in its inflation outlook is to the upside and unveiled steps to address persistently tight liquidity.

The bank has cut the statutory liquidity ratio (SLR) from 25% to 24% with effect from December 18, 2010 to January 28, 2011. It would also conduct open market operation (OMO) auctions for purchase of government securities for an aggregate amount of Rs 48,000 crore in the next one month. These two measures are expected to inject liquidity on an enduring basis of the order of Rs 48,000 crore.

Commenting on its rational behind the move, the RBI stated that these measures will alleviate liquidity pressure in line with the policy and reduce liquidity deficit close to RBI’s comfort zone. While these measures have helped stabilise overnight interest rates, the extent of deficit could constrain banks’ ability to expand their balance sheets commensurate with the productive needs of the economy.

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Twitter has been valued at US$3.7bn

Twitter,Facebook,Twitter value,Micro-blogging websites,Google,Amazon.com,Twitter CEO

Popular micro-blogging web site Twitter has been valued at US$3.7bn after it raised US$200mn in new financing, which was led by one of the highest-profile Internet investors in Silicon Valley. According to one estimate, Twitter's annual revenue was currently under US$100mn.

The company was last valued at US$1bn in a funding round last year. Facebook, the world's No. 1 Internet social networking company, is valued at more than US$45bn in recent stock purchase transactions on the secondary market.

The San Francisco-based Twitter had raised US$160mn in four earlier funding rounds, from investors that included Spark Capital, Institutional Venture Partners and T. Rowe Price.Twitter’s newest round was led by venture capital firm Kleiner Perkins Caufield & Byers, and early investor in Internet giants such as Google, Amazon.com and others.

As part of the new funding round, Twitter has added two new board members - Flipboard CEO Mike McCue, and former Google executive David Rosenblatt. Twitter CEO Dick Costolo said on Wednesday that the company has added over 100 million new registered accounts in the past year, and now employs over 350 people.

The money will help Twitter expand the company, Costolo said in the company's corporate blog. Costolo replaced Twitter co-founder Evan Williams as CEO in October. Twitter had 175 million users as of September.

Twitter has been developing revenue models designed to cash in on its growing popularity among the marketers, advertisers, media professionals apart from celebrities, politicians and businesses. The company recently unveiled “Promoted Accounts,” a service aimed at drawing users to Twitter accounts operated by advertisers.

Twitter also has sealed deals with Google, Microsoft and Yahoo to have its short messages, or tweets, appear in these companies’ search results.

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Today's hot intraday stock tip - December 16, 2010

Free intraday stock tip,hot stock market tip,intraday tip for December 16 2010,Hot stock market tip,Free stock tip of the day

Gitanjali Gems. Buy Above Rs.205.00, Target-I: Rs.208.50, Target-II: Rs.211.00, StopLoss: Rs.199.50

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Sensex, Nifty losses their 3 days winning streak

Sensex Today,Indian stock markets today,Today's share market update,Market outlook today,BSE Sensex,NSE Nifty

BSE Sensex fell 151 points to close at 19,648 and the NSE Nifty slipped 52 points to close at 5,892.

After managing to retrieve some lost ground in the last three days, the Indian markets were unable to continue the upswing on Wednesday. The NSE Nifty closed below the 5900 mark in the process.

Today's fall was led by Realty, Banking and Consumer Durables while IT stocks escaped the selling pressure being the only BSE index in the green today. The broader stock indices did worse than the benchmark indices, with both the BSE Small-Cap and BSE Mid-Cap slipping 1.5% and 1.4%, respectively.

The BSE Sensex fell 151 points to close at 19,648 and the NSE Nifty slipped 52 points to close at 5,892.

Among the BSE sectoral indices, the BSE Realty index was the top loser the index lost 3.5%, followed by BSE Bankex index was down 3.1% and the BSE Consumer Durables index slipped 2.5%.

The broader indices also ended in red, the BSE Mid-Cap index was down 1.3% and BSE Small-Cap index fell 1.5%. Bucking the negative trend were, BSE IT index gained 1.5% and BSE Teck index added 1.2%.

The European indices were trading in the red, the DAX in Germany was down 0.6%, the CAC 40 index in France was down 0.6% and FTSE index was trading slightly lower by 0.2%.

Outside the frontline indices, the big losers in the broader market were UCO Bank, Indian Bank, Titan Ind and Canara Bank. On the other hand, gainers included Patni, IGL, Dabur India and Apollo Tyres.

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Indian stock markets gained for the third day; Sensex up by 107 points

Indian stock market update,BSE Sensex,NSE Nifty,Sensex today,Share markets today

Sensex surged 107 points to close at 19,799 and the NSE Nifty rose 36 points to close at 5,944.

The Indian markets ended in the positive terrain for a third straight trading session on Tuesday, as investors continued their gradual return after last week's big selloff. Barring Auto all the other BSE sectoral indices ended in the green. Consumer Durables, Metals and PSU stocks were among the major gainers. The broader market indices outperformed the benchmark indices for the second consecutive day. Markets opened on a flat note but the benchmark indices witnessed gradual upswing ahead of the release of November inflation report.

“Sentiment remained upbeat after the country’s monthly inflation cooled down to 7.48% from 8.58% MoM. The decline in inflation could prompt the Reserve Bank of India (RBI) to take a pause in its monetary tightening campaign after raising the key policy rates six times this year to check spiraling prices”, says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex surged 107 points to close at 19,799 and the NSE Nifty rose 36 points to close at 5,944.

Among the BSE sectoral indices, the BSE Consumer Durable index was the top gainer the index gained 3.1%, followed by BSE Metal index up 1.6% and the BSE PSU index gained 1%. The broader indices also ended in green, the BSE Mid-Cap index was up 1.5% and BSE Small-Cap index gained 1.6%.

The European indices were trading flat, the DAX in Germany was flat, the CAC 40 index in France was flat and FTSE index was trading slightly lower by 0.2%.

Outside the frontline indices, the big gainers in the broader market were Financial Tech, Shriram Trans, HOECL and GSPL. On the other hand, losers included Nestle India, Adani Ent, Exide Ind and P&G.

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Sensex and Nifty trading in green; SAIL, CIPLA and BPCL were up

Sensex,Nifty,Indian Stock Market update,BSE mid cap,BSE small cap,Top gainers,Top losers

The Nifty was trading in green around 12:00pm IST. It was a quiet session for the markets as Nifty was hovering around 5900 mark. The action was mainly seen in selective midcap stocks. Buying was seen in metal, consumer durables, PSU and capital goods stocks. Selling was seen in realty and auto stocks.

The Sensex was up 187.11 points or 0.96% at 19696.00, and the Nifty was up 6.50 points or 0.11% at 5914.15 around 11:15pm. About 1529 shares advanced, 757 shares declined, and 1174 shares remain unchanged.

In the largecap space, Sterlite Industries, SAIL, Cipla, L&T and BPCL were up 1-2%. Hero Honda, Axis Bank, Mahindra and Mahindra, Bharti Airtel and HDFC Bank were down 1-3%.

Index heavyweight Reliance was trading at Rs 1,046.50 up 0.45% from its previous close of Rs 1,041.80. Refinery major HPCL was trading at Rs 404.05 up 1.6% from its previous close of Rs 397.70. Tech major Infosys was trading at Rs 3,145.50 down 0.1% from its previous close of Rs 3,148.50.

HUL was trading at Rs 299.70 down 0.17% from its previous close of Rs 300.20. Cigarette major ITC was trading at Rs 167.80 up 0.36% from its previous close of Rs 167.20.

Top gainers on the BSE Midcap: Hindustan Construction, Petronet LNG, EID Parry, Gujarat State Petronet and Coromandel Int were up 4-6%.

Top losers on the BSE Midcap: Money Matters, S Kumars Nation, Birla Corp, 3M India and Shree Global Tr were down 2-5%.

Top gainers on the BSE Smallcap: Religare Technova, SE Investments, Oscar Inv, Gitanjali Gems and Zylog Systems were up 7-16%.

Top losers on the BSE Smallcap: Spectacle Industries, Surana Industries, Rollatainers, Sujana Towers and Urja Global were down 5-10%.

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Free Intraday stock market tip for December 14, 2010

Free stock market tip,free intraday tip,Free Intraday stock market tip for December 14,2010,Free stock tip,Stock tip of the day

DLF Sell below Rs.290.00, Target-I: Rs.285.00, Target-II: Rs.281.50, StopLoss: Rs.300.50

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Indian stock market outlook for the week December 13 to 17, 2010

Market outlook for next week,indian stock market next week,December 13 to 17 market movement,Indian stock market view next/current week.

Indian stocks are undergoing a rather turbulent December with Sensex closing 800 points higher in one week and tumbling 450 points lower next week. The cut is even more deeper in BSE mid and small cap indices. The small-cap index can decline a little further and come to halt around 8000.

Sensex could not move above the resistance at 20,280 thus reiterating the negative bias in the short-term. Immediate targets of the current down-move are 18,954 and 18,886. Since these supports occur around the key medium term support zone around 19,000, investors can stay sanguine as long as the index does not record a strong close below 18,880.

Resilience at these levels will maintain a positive medium-term bias for the index and will retain the possibility of sideways move between 19,000 and 21,500 for few more weeks before an upward break-out to 23,031 or 24,098.

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K Sera Sera acquires 5% stake in Citi Gold Corporation

Citi Gold Corporation Ltd.,K Sera Sera Productions Ltd.,K Sera Sera Holdings PTY Ltd,Australia.

Citi Gold has a JORC complaint gold resource of 10 million ounce (310 Metric Tonnes). The company has a current market capitalisation of approx. over AUD 115 mn.

K Sera Sera Productions Ltd has acquired a 5% stake in one of the largest Australian Gold Mining Company, Citi Gold Corporation Ltd. through its subsidiary K Sera Sera Holdings PTY Ltd, Australia.

Citi Gold has a JORC complaint gold resource of 10 million ounce (310 Metric Tonnes). The company has a current market capitalisation of approx. over AUD 115 mn.

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Free Intraday stock tip for December 10, 2010

Free Intraday stock tip,stock tip for December 10,2010,Free stock market tip,Pick of the day,Intraday tip today

Indiabulls Real Estate Sell Below Rs.127.00, Target-I: Rs. 123.00, Target-II: Rs.119.75, StopLoss: Rs.134.50

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Hot intrday stock tip - December 09, 2010

Hot stock market tip,intraday stock pick for December 09,2010,Stock pick of the day,Hot tips,intraday tips

Ruchi Soya Sell Below Rs.89.00, Target-I: Rs.86.00, Target-II: Rs.84.50, StopLoss: Rs.95.00

Analysis: In Ruchi Soya, CBI suspects insider trading by a market operator. The stock fell more than 27% by yesterday.

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Indian markets ended in the red; Nifty below 6000 mark

Equity benchmarks,Indian stock markets update,stock markets today,BSE Sensex,NSE Nifty

Equity benchmarks closed a rangebound session with a modest cut. The indices lost around 0.8% during the day but managed to show a smart recovery in the last one hour of trade, which could be attributed to positive European cues. Overall the market consolidated for the third consecutive session.

Financials were on sellers' radar for another session on Tuesday, especially after the RBI governor asked banks to trim interest margins. The BSE Bankex cracked 2.86%; heavyweights SBI and ICICI Bank plunged 3-3.5%. Axis Bank was top loser on Nifty with 4.2% cut. Kotak Mahindra Bank was also down 3.3% and PNB down 2.5%; HDFC Bank declined 1.3% and HDFC fell 0.57%.

The 30-share BSE Sensex closed at 19,934.64, down 46.67 points and the 50-share NSE Nifty fell 15.70 points or 0.26% to settle at 5,976.55, after seeing recovery of 110.2 points & 36.85 points from day's low.

Realty and FMCG companies' shares along with TCS, Tata Motors, Jaiprakash Associates, Ranbaxy and Reliance Communications were also witnessed selling pressure.

On the other side, buying in oil & gas, cement, select technology, auto, metal and capital goods companies' shares along with Bharti Airtel limited losses to major extent.

European markets like France's CAC jumped 2%; Britain's FTSE and Germany's DAX gained more than one percent each. Even Dow Jones and Nasdaq futures went up 0.7-0.9%.

DLF from realty space slipped 3.4%. Shares of India's largest commercial vehicle maker Tata Motors lost 1.65% while Maruti Suzuki, Bajaj Auto, M&M and Hero Honda were up 0.8-1.5%.

ITC and HUL from FMCG segment declined 0.5% & 1.5%, respectively. Ranbaxy Labs from healthcare space fell 1.4% whereas Sun Pharma rose 1.6%; Dr Reddy's Labs and Cipla gained 0.36-0.6%.

Oil & gas exploration companies' shares were quite supportive; Reliance Industries and ONGC went up 1-1.3%. GAIL was up 1.7% and Cairn India up 0.8% while BPCL lost over 1%. ACC and Ambuja Cements moved up 1.4-2%.

In technology pack, Infosys, HCL Tech and Wipro were up 1-2.3% while TCS declined 1.3%. Bharti Airtel from telecom space rose 1% while Reliance Communications went down 0.9%.

NTPC was the leader on Nifty with 2.4% gain; Tata Power, Reliance Infrastructure and Reliance Power were up 0.2-0.9% while Suzlon Energy fell 2.3% and Power Grid was down 0.75%. In capital goods space, L&T and Siemens moved up 0.35-0.5%.

In metal space, Hindalco surged 2.5%; Sesa Goa was up 1.7% and Tata Steel up 0.7%. Sterlite Industries and Jindal Steel gained just 0.4% each while SAIL lost 0.35%.

In midcap space, Amtek Auto, Pfizer, S Kumars Nationwide, Jain Irrigation and Coromandel International were up 3.6-8.3% while Allahabad Bank, IRB Infra, Manappuram, United Bank and Emami fell 5-6.8%.

In smallcap space, Hexaware Tech, Spice Mobility, Graviss Hosp, Genesys Intl and Karuturi Global went up 6.8-13.9% while SVC Resources, Midfield Industries and Uflex locked at 20% lower circuit. Parekh Aluminex was locked at 10% lower circuit. Sarda Energy fell 9.57%.

About 887 shares advanced on the Bombay Stock Exchange as against 2095 shares declined. Nearly 477 shares remained unchanged.

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Indian stock markets update: Nifty trading below 6000 mark

Indian stock markets update,NSE Nifty,BSE Sensex,BSE Midcap Index,Smallcap index,Bombay Stock Exchange

The 50-share NSE Nifty extended losses on the back of further sell-off in financial, FMCG, realty, capital goods and select metal companies' shares around 11:45 am IST,. TCS, Tata Motors and Reliance Communications were also down.

The index was near to 5,950 level while the Sensex shed more than 100 points amid volatility.

Heavyweights SBI and ICICI Bank lost 2-3%; Axis Bank was top loser on the Nifty with 4% fall. HDFC Bank, HDFC, Kotak Mahindra Bank and PNB were down 0.7-2%. DLF from the realty pack lost 2.5%. HUL and ITC from FMCG segment declined 1.1-1.5%.

Paul Schulte of China Construction Bank said Indian banks were not as attractive on valuations as its Chinese peers. He added that European banks were the most leveraged banks globally.

However, indices were getting support from oil & gas, select technology and auto companies' shares along with Bharti, Sun Pharma, Hindalco, ACC and Dr Reddy's Labs, which limited losses.

In oil & gas space, Reliance Industries, Cairn India and ONGC gained 1% each. Wipro, Infosys and HCL Tech from technology pack went up 0.5-0.9% while TCS lost 1%.

Auto sector was also quite supportive; Maruti, Hero Honda, Bajaj Auto and M&M gained 0.4-1% while Tata Motors fell 2.8%. Bharti Airtel from telecom pack rose 1%.

The Sensex fell 113 points to 19868 and the Nifty was trading at 5956, down 36 points. The broader indices slipped more than benchmarks; the BSE Midcap Index was down 1.2% and Smallcap down 1.4%.

In the midcap space, Amtek Auto, Coromandel International, Pfizer, Den Networks and Hathway Cable gained 2-4% while Network 18, Allahabad Bank, Dewan Housing, Money Matters and United Bank slipped 4.8-6.8%.

In the smallcap space, HBL Power rallied 7.96% as Promoter of Igarashi Motor sold stake in company to HBL Power. Spice Mobility, Ind-Swift Labs, Mirc Electronic and Prraneta Ind went up 3.7-7.8%. However, SVC Resources and Midfield Industries crashed 20% each. Parekh Aluminex was down 10%. Ahluwalia and Odyssey Fin lost 7-8%.

About 728 shares advanced on Bombay Stock Exchange while 1917 shares declined. Nearly 814 shares were unchanged.

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Hot intraday stock pick for December 07, 2010

Deccan Chronicle Holdings Ltd.,Hot stock pick,intraday stock pick,stock pick for December 07,hot stock pick of the day,intraday stock tips,free share tips

Deccan Chronicle Holdings Ltd., Sell below Rs. 106.00, Target-I: Rs.104.25, Target-II: Rs.102.00, StopLoss: Rs.111.50

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Indian Stock Markets extends their gain; Sensex and Nifty are in green

BSE Sensex,NSE Nifty,Indian stock markets,BSE Small-cap index,BSE Metal index,Stock markets today

BSE Sensex was at 20,202, up 234 points or 1.07% over the previous close. It had earlier been as high as 20,197 and as low as 20,038 after opening at 20,038.

The Indian stock markets has extended today's gains with the key stock indices accelerating in late morning trade while the non-index counters have rebounded following the crash in the previous session.

The undertone has been spurred by the positive finish on Wall Street on Friday despite a weak jobs data.

Also, Federal Reserve chairman Ben S. Bernanke has said that the central bank may commit more money in QE2 beyond the US$600bn announced last month. He also said a return to a recession “doesn’t seem likely.”

At 11:48 am (IST), the BSE Sensex was at 20,202, up 234 points or 1.07% over the previous close. It had earlier been as high as 20,197 and as low as 20,038 after opening at 20,038.

The NSE Nifty was up 72 point at 6,065 or 1% after touching a day's high of 6,069 and a day's low of 6,023. It opened at 6,033.

The BSE Small-cap index and the BSE Mid-cap index are up 1% and 1.2% respectively.

The BSE Metal index is up 3%. The Realty, Consumer Durables,Oil & Gas,Auto, Capital Goods,Power, IT and Pharma indices are up around 1-2%. The FMCG, Banking and PSU stocks are muted.

The market breadth is positive on the BSE with 1,918 share rising and 791 shares falling.

Tata Motors, Hindalco, JP Associate, Tata Steel, Jindal Steel, Sterlite Inds, Reliance Infra, BHEL, DLF, Cipla, Wipro,Suzlon, Siemens, Cairn India and SAIL are among the notable leaders in the Sensex and the Nifty.

HUL, ITC, SBI, ICICI Bank, Hero Honda and BPCL are the laggards in the Sensex and the Nifty.

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Nifty hovering aroung 6000 mark

BSE Sensex,NSE Nifty,Market status,Nifty range today,stock market now

The Sensex was trading around 20000 mark amid less volatility around 01:30pm IST. It was a quiet session for the markets as largecaps failed to gain momentum on either side in trade today. The broader markets underperformed largecaps. BSE Midcap and Smallcap index were down 1.6% and 2.2% respectively. Heavy selling was seen in realty and banking stocks. Buying was seen in IT and telecom stocks.

The Sensex was down 9.14 points or 0.05% at 19983.56, and the Nifty was down 27.60 points or 0.46% at 5984.10. About 771 shares advanced, 2098 shares declined, and 588 shares remain unchanged.

In the largecap space, Hero Honda, HUL, Dr Reddys, Bharti Airtel and Wipro were up 1.5-3%. On the losing side, Jaiprakash Associates, Reliance Infra, Axis Bank, DLF and Suzlon Energy were down 3-4%.

Index heavyweight Reliance was trading at Rs 1,015.05 up 0.55% from its previous close of Rs 1,009.50. Refinery major HPCL was trading at Rs 417.00 down 1.76% from its previous close of Rs 424.45. Tech major Infosys was trading at Rs 3,142.40 up 1.52% from its previous close of Rs 3,095.45.

Cigarette major ITC was trading at Rs 170.80 up 0.06% from its previous close of Rs 170.70. Hindustan Lever was trading at Rs 303.05 up 2.33% from its previous close of Rs 296.15.

Top gainers on the BSE Midcap: Manappuram, HMT, KGN Industries, Jyothy Labs and Jet Airways were up 2-6%.

Top losers on the BSE Midcap: Welspun Corp, Ackruti City, Videocon Industries, KS Oils and Core Projects were down 11-25%.

Top gainers on the BSE Smallcap: Elpro International, Mount Everest, TCI Industries, Shree Nath Comm and PTL Enterprises were up 5-7%.

Top losers on the BSE Smallcap: Parekh Aluminex, Karuturi Global, Murli, Hanung Toys and MSK Projects were down 14-20%.

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Hot intraday stock pick of the day December 03, 2010

Hot stock,Intraday pick of the day,Hot stock pick,December 3 intraday tips

Dish TV Buy Above Rs.76.50, Target-I: Rs.78.00, Target-II: Rs.79.75, StopLoss: Rs.73.00

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Nifty and Sensex extend their gains; Trading in green

Indian equity benchmarks,BSE Sensex,NSE Nifty,Stock markets today,Share market update

At 03:00pm IST, the Indian equity benchmarks were trying to hold psychologically important levels since morning trade - the Nifty at 6000 and the Sensex at 20000 mark. Oil & gas, financial, metal, technology, realty and Anil Dhirubhai Ambani Group companies' shares were on buyers' radar.

Support was also led by global cues; European markets like France's CAC, Germany's DAX and Britain's FTSE gained 0.4-0.7%. Asian markets ended the session 0.5-2% higher.

However, Hero Honda crashed further; tumbled over 7% as Hero & Honda agreed to royalty at around Rs 2300-2400 crore. NTPC, Bharti Airtel, L&T, M&M, Maruti, GAIL, BPCL, ITC, Tata Power and HUL were other losers, which capped the gains to some extent.

The 30-share BSE Sensex gained 149 points at 19999 and the 50-share NSE Nifty rose 50 points to 6,011. The BSE Midcap and Smallcap indices were up 1.2% each.

Top gainers - Reliance Communications was trading at Rs 141.90, up 3.39%; Sterlite Industries was at Rs 169.55, up 3.04%; Tata Motors was at Rs 1,321.25, up 2.57%; Wipro was at Rs 425.05, up 2.53%; ICICI Bank was at Rs 1,193.65, up 2.29% and Suzlon Energy was at Rs 52.85, up 2.52%.

In midcap space, Gujarat Flourochem surged 17%. Man Infra, Dishman Pharma, ARSS Infra and GSFC gained 8-10% while Shree Ashtavinayak plunged 10%. Money Matters, MVL, Hathway Cable and Jet Airways slipped 2.8-5%.

In smallcap space, Mastek rallied 13.21%. Dunlop India, Shasun Chemical, Gujarat Ambuja Exports and Confidence Petro went up 8.6-11% while Bheema Cements, TCI Industries, Urja Global, Well Pack Paper and Sujana Metal lost 5-10%.

About 1925 shares advanced while 1036 shares declined on BSE. Nearly 496 shares were unchanged.

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Gold price rises today for the fourth day

Gold price today,Bullion market,Commodity market Gold

Gold prices advanced in the international market for a fourth successive day on Thursday, as global investors sought protection in the precious metal amid lingering concerns over the eurozone sovereign debt crisis.

Fears of a possible escalation in the geopolitical tension on the Korea peninsula also prompted investors to rush to the safety and quality of the precious metal.

Spot gold gained 0.3% to US$1,391.38 an ounce at 11:57 a.m. in Tokyo after yesterday touching US$1,397.50, the highest price since Nov. 12. It has gained 27% this year, reaching a record US$1,424.60 an ounce on Nov. 9.

The bullion got a bit of a boost from news that China's gold imports jumped six-fold in January to October to more than 200 tons.

China’s gold imports in the first 10 months of this year jumped to 209 tons compared with 45 tons in all of 2009, the Shanghai Gold Exchange said.

US gold futures for February rose US$5.0 an ounce to at US$1,393.3 an ounce.

Bullion for immediate delivery advanced to a record 1,070.474 euros an ounce yesterday and an all-time high of 895.4353 British pounds.

The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said that its holdings rose to 1,293.891 tons by Dec 1 from 1,286.603 tons on Nov 29. The holdings hit a record at 1,320.436 tons on June 29.

Worries about eurozone's sovereign debt crisis persist despite hopes that the European Central Bank (ECB) and the United States would step in to help resolve the deepening crisis.

The ECB is under pressure to unveil new steps to stabilise the eurozone when it meets on Thursday.

Investors have been focusing on Portugal and Spain after a financial rescue of Ireland failed to assure investors that the debt contagion has stopped worsening.

A US official is believed to have said that Washington would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the IMF.

Separately, the Tokyo Shinbun said today that North Korea may attack Gyeonggi province, surrounding Seoul. The official made the remark last month after the shelling of South Korea’s Yeonpyeong island, the report said.

Silver for immediate delivery climbed 0.2% to US$28.5131 an ounce after touching US$28.8375 yesterday, the highest level since Nov. 9, when the price reached a 30-year high.

Palladium rose 0.5% to US$738.50 an ounce after jumping 5% yesterday.

Platinum advanced 0.4% to US$1,693.50 an ounce.

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Sensex went up by 200 points

BSE Sensex,NSE Nifty,Market update,Sensex today

The 30-share BSE Sensex extended gains and was trading above 19700 level, by adding 200 points in trade today. Even the Nifty was holding 5800 - a psychologically important level. Five shares advanced for every one share declined on Nifty.

Oil & gas, financial, auto, metal, realty, capital goods and select power companies' shares were on buyers' radar. TCS, Reliance Communications, Cipla and Jaiprakash Associates were other gainers in trade.

Aditya Narain of Citigroup expects about 15% returns in 2011. He expects market performance to be earnings driven but its premium to other EMs moderating. However, he said, "The market pace should be more measured and predictable, volatility lower and sectoral divergences more moderate."

The Sensex rallied 209 points to 19730 and the Nifty was trading at 5927, with gain of 65 points over previous closing value. The broader indices added more gains; the BSE Midcap Index was up 2.3% and Smallcap up 2.8%.

Among frontliners, Hindalco and Tata Steel rallied 4% each. Suzlon Energy shot up 7%. SBI, M&M and Tata Motors gained 2.6-3%. However, Bharti Airtel plunged 2.53% on profit booking. ITC, Sesa Goa, Wipro, Dr Reddy's Labs, HUL and NTPC declined 0.4-0.9%.

SBI, LIC Housing Finance, Tata Steel, ABG Shipyard, Delta Corp, Tata Motors and Reliance Industries were the most active shares on exhanges.

In midcap space, Bhushan Steel, Glodyne Tech, Jubilant Food, IVRCL Assets and OnMobile Global gained 7-11% while Shree Ashtavinayak was down 10% and Money Matters was locked at 5% lower circuit. P&G, Jagran Prakashan and Binani Cement slipped 1.5-2%.

In smallcap space, Zenith Infotech, Ganesh Housing, Marg, Hitachi Home and Oscar Invest were up 11-14% while Bheema Cements, Urja Global, Koutons Retail, Sujana Metal and Well Pack Paper fell 5-10%.

About 2512 shares advanced while 704 shares declined on the Bombay Stock Exchange. Nearly 240 shares were unchanged.

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Sensex ended the day with green

BSE Sensex,NSE Nifty,Market update

After staging a smart pull back in the previous trading session, the benchmark Indian stock indices extended gains after the second quarter GDP data came in ahead of most estimates.
 
The rally today was led by the Realty stocks, which were badly battered in the past week in the wake of the bribes-for-loans scandal. The other notable gainers were the Consumer Durables (2%), Power (1.8%) and PSU (1.7%) indices. Even the broader indices participated in the upswing, with the BSE Mid-Cap and the Small-Cap indices rising 1.4% and 1.9%, respectively.
 
India's economy grew at a much faster pace than anticipated in the second quarter of FY11, resulting in a smart recovery in the stock market and lifting hopes of meeting the Government's annual target of 8.75%. India's economy expanded by an impressive 8.9% in the July to September quarter as against 8.7% in the year-ago period. GDP had expanded by a revised 8.9% in the first quarter of FY11.
 
The advance in the Indian market came despite weakness in other Asian markets, especially in the Japanese and Chinese indices. Also, the European markets reversed their opening gains to trade flat even as the euro slipped below the 1.30 mark against the US dollar. 

The BSE Sensex gained 116 points to close at 19,521 and the NSE Nifty gained 33 points to close at 5,863.

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Nifty back to above 5850 and Realty index zooms

BSE Sensex,NSE Nifty,Q2 GDP data,Realty Index,BSE Midcap,Smallcap,Top gainers,Top losers

The Nifty staged a smart recovery from days low post Q2 GDP data. Short covering in realty stocks led the Nifty back above 5850 mark. BSE Realty index was up close to 5%. Buying was also seen in power, banks, telecom and auto stocks.

The broader markets outperformed the largecaps in trade. BSE Midcap and Smallcap indices were up 0.9% and 1.25% respectively.  

The Sensex was up 96.87 points at 19492.29, and the Nifty was up 29.10 points at 5859.10. About 1833 shares advanced, 1226 shares declined, and 396 shares remain unchanged.

In the largecap space, Bharti Airtel, DLF, Tata Motors, Axis Bank and Suzlon Energy were up 3.5-5.4%. On the losing side, Bajaj Auto, BPCL, ACC, Tata Steel and Larsen were down 1-2%.

Index heavyweight Reliance was trading at Rs 996.40 down 0.18% from its previous close of Rs 998.20. Refinery major HPCL was trading at Rs 404.80 down 1.16% from its previous close of Rs 409.55 Tech major Infosys was trading at Rs 3,061.30 down 0.12% from its previous close of Rs 3,064.85.

Cigarette major ITC was trading at Rs 168.50 down 0% from its previous close of Rs 168.50. Hindustan Lever was trading at Rs 297.30 down 0.2% from its previous close of Rs 297.90.

Top gainers on the BSE Midcap: Kwality Dairy, Indiabulls Real, Core Projects, Prakash Industries and Tube Investment were up 7-11%.

Top losers on the BSE Midcap: Money Matters, Ashtavinayak, Den Networks, Monnet Ispat and Blue Dart were down 3-10%.

Top gainers on the BSE Smallcap: Nitesh Estates, Jindal Worldwide, MBL Infra, VasconEngg and SE Investments were up 12-16%.

Top losers on the BSE Smallcap: Bheema Cements, English Ind Cla, Hanung Toys, Empee Distilleries and Urja Global were down 5-20%.

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Hot intraday stock pick for November 30, 2010

Hot stock pick,intraday pick,stock pick for Nov 30,Hot intraday pick,Intraday tips

Unitech Sell Below Rs.61.00, Target-I: Rs.59.75, Target-II: Rs.58.00, StopLoss: Rs.65.00

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Sensex zooms; Nifty back to above 5800

NSE Nifty,BSE Sensex,Top gainers,Top losers,Stock market update

The 50-share NSE Nifty continued its uptrend and was consistently holding 5800 - a psychologically important level - in the second half of trade. Stocks, which were beaten down in last week's sell-off bounced back in trade today. European markets were also supportive, which gained 0.5-0.9%.

All sectoral indices were in the green; the BSE oil & gas surged 2.7%. IT, Bank, Capital Goods, Teck, Realty, Metal, Auto and Healthcare indices gained 1-1.5%. The broader indices also turned positive with a 0.4% gain.

However, Anil Dhirubhai Ambani Group (ADAG) companies' shares along with Power Grid, Bajaj Auto, Tata Steel, ITC, Siemens, ACC and Axis Bank were on sellers' radar.

The Sensex was trading at 19,422, up 284 points and the Nifty was at 5833, up 80 points. The Nifty December futures were trading at 20 points premium.

Top gainers - Cairn India was trading at Rs 313.20, up 6.53%; Reliance Industries was at Rs 998.35, up 3.74%; Ranbaxy Labs was at Rs 563.85, up 3.28%; Sesa Goa was at Rs 308.85, up 3.10%; Wipro was at Rs 419.50, up 2.94%; TCS was at Rs 1,073.50, up 2.68%; BHEL was at Rs 2,151.10, up 2.43% and ICICI Bank was at Rs 1,152, up 2.41%.

Top losers - Reliance Infrastructure was at Rs 819.50, down 4.02%; Power Grid Corp was at Rs 94.10, down 2.44%; Reliance Communications was at Rs 128.10, up 1.84%; Bajaj Auto was at Rs 1,587.10, down 1.62%; Tata Steel was at Rs 591.35, down 1.24%; ACC was at Rs 996.30, down 0.37% and ITC was at Rs 167.25, down 0.33%.

In midcap space, BGR Energy rallied 17%. MVL, UB Holdings, Shree Renuka and Chambal Fertiliser (GoM to meet on December 3 for urea decontrol) gained 8-9%.

However, Shree Ashtavinayak tumbled 19.92%. Money Matters, Core Projects, Prakash Industries and Escorts slipped 5-10%.

In smallcap space, Kiri Dyes Chemical and English India surged 20% each. Aqua Logistics, Jindal PolyFilm and GSS America Info were up 9.6-15%. However, Bheema Cements, Koutons Retail, Sujana Metal, Sarasind and Jindal Worldwid lost 10%.

About 1490 shares advanced while 1721 shares declined on BSE. Nearly 244 shares were unchanged.

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MOIL IPO subscribed fully on Day 2

MOIL IPO,Manganese Ore India,MOIL IPO subsciption,MOIL Price band,MOIL IPO size

The initial public offering (IPO) of MOIL (formerly Manganese Ore India) has been fully subscribed on second day. The issue has received bids for 3.7 lakh equity shares as against issue size of 336 lakh shares, as per data available on NSE at 12 pm.

The issue has been subscribed 1.1 times so far. Till Friday, the reserved portion of qualified institutional investors was fully subscribed followed by non-institutional and retail investors with subscription of 0.88 times and 0.36 times, respectively.

MOIL aims to raise around Rs 1142.40-1260 crore at price band of Rs 340-375 a share. Retail investors and MOIL employees will get shares at 5% discount to final offer price. The issue will close for qualified institutional bidders on November 30 and for other investors on December 1.

Company will not receive any proceeds from the offer and all proceeds shall go to the selling shareholders.

MOIL is the India’s largest manganese ore producer and has 50% share in the domestic manganese production. It is one of the lowest cost producers of manganese ore in the world.

For the period of six months ended on September 30, 2010, MOIL reported net profit of Rs 330.72 crore on total income of Rs 692.49 crore.

Edelweiss Capital Limited, IDBI Capital Market Services Limited and JP Morgan India Private Limited are the book running lead managers to the issue.

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Hot intraday stock pick of the day November 29, 2010

Hot intraday stock pick,stock pick of the day,pick of the day November 29,2010,Intraday stock tip

Shipping Corporation of India Sell below Rs.145.00, Target-I: Rs.142.00, Target-II: Rs.140.50, StopLoss: Rs.150.00

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Indian stock market outlook for next week: Nov 29 to Dec 03, 2010

BSE Sensex,NSE Nifty,Indian Stock markets next week,Share market outlook,last week stock market movement,next week markets

Sensex (19,136.6)

 Irrationality was to the fore once again last week, this time sending stocks spinning down a deep chasm. Any stock with a real-estate and banking tag or remotely connected with the so called ‘loans for bribes' scam was battered out of shape. The loss to the large-cap stocks was, however, not so severe and the Sensex closed 450 points or less than 3 per cent lower.

 It was the BSE Small-cap Index that was badly bruised, losing 7 per cent. This sell-off in smaller stocks has severely affected investor morale. FIIs too turned nervous following North Korea's aggression against its southern neighbour and the continuing debt crisis in Europe. Barring Monday, they were net sellers through the week. Derivative volumes reached a crescendo towards mid-week as expiry coincided with the market crash.

Though the Irish debt problem could reach a solution this weekend, sabre rattling by South Korea and the involvement of US and China in the Korean skirmish could keep markets edgy next. With the corporate cupboards overflowing with skeletons of all kind, there will be plenty for the self-styled bloodhounds to unearth to keep the panic going in the ongoing loan racket. That means that it will be an up-hill struggle for the Sensex in the days ahead.

 Oscillators in the daily chart have moved deep in to the oversold zone, while the weekly oscillators are still hovering in the neutral zone indicating that the medium-term trend has not reversed lower yet. Similar movement is observed in monthly oscillators. Formation of a doji star in the monthly candle-stick chart of the Sensex is a cause for concern. But we need to see the next month's movement before confirming the implications of this pattern that is a long-term reversal.

 The Sensex recorded the intra-week low of 18,955 before ending at 19,136. We continue with the view that the medium-term view remains positive as long as the index holds above 19,000. The Sensex can yet reverse higher from these levels and move above 20,000 again. This coincides with our expectation of the index spending few more months in a sideways band between 19,000 and 21,500 before attempting a new high.

But it is human to feel apprehensive near the lower boundary of a trading range and overtly bullish near the upper. What if the 19,000 level is breached strongly? As we have been explaining over the past weeks, decline below 19,000-floor will put the medium as well as the long-term trend in jeopardy.

We had been working with the assumption that the up-move from May trough is currently being retraced. This retracement can pull the index all the way down to 17,926 or 18,000 (to quote a psychological figure). But once the flood-gates of selling are opened, it is hard to say where it can be dammed. Decline below 19,000 will also bring forth the possibility that the entire up-move from March 2009 low of 8,047 is being corrected. Minimum retracement targets as per this assumption are 17,189 and 16,118.

The ideal scenario is one of a mid-week blip to 18,534 or 18,348 before the index clambers back above the 19,000 mark. The movement over the next couple of weeks needs to be seen before drawing conclusion on the degree of the correction and the shape it is likely to take.

A weak start to the week will find the Sensex declining to 18,534, 18,348 or 17,926 in the days ahead. Resistance will be at 19,502, 19,776 and 20, 284. The short-term situation will be salvaged only if the index climbs above 20,200 where the 21- and 50-day moving averages are positioned.

Nifty (5,751.9)

Nifty moved briefly below our key medium-term support at 5,745 to record the low of 5,690 before ending above this support. The index has key support at 5,745 since this occurs at 38.2 per cent retracement of the move from the 4,786-trough. If the index manages to hold above this level, a movement between 5,745 and 6,400 remains possible for few more months.

But as explained last week, decline below this level can cause a sharp decline to 5,562 or 5,378 before the index bounces higher.

We have to wait for the movement over the next two weeks to determine the degree of this correction. If the correction is of a larger degree, it might not get stemmed at 5,300, but pull the Nifty all the way to 5,200 or 4,886.

A weak beginning to the week can pull the Nifty lower to 5,645 or 5,378. A bounce appears quite likely above 5,378 and traders can watch for buying opportunity around this level. Short-term resistances will be at 5,798 and 5,865 and traders can continue with their short positions as long as the Nifty trades below the second resistance. The medium-term view will turn positive on a close above 6,070.

Global Cues

Global markets turned nervous with the ongoing tension in Korea. With China's impending policy rate tightening and continuing problems in Ireland, there was no way equity prices could head higher. Most global market, however, put up a resilient show and closed with only marginal losses. CBOE Volatility Index spiked up to 22 on Friday as Standard and Poor slashed debt rating of Irish banks.

It, however, needs to be borne in mind that this index is in a range between 18 and 22 since October and a move above 22 is required to signal that the mood has become too bearish. DJ Euro STOXX fell 3.8 per cent last week implying the onset of the third leg of the correction that is on since April. This correction can pull this index another 5 to 7 per cent lower.

US stocks were extremely volatile last week and the Dow closed 111 points lower after swinging wildly in both directions. We stay with the view that the short-term view will be roiled only on a close below 11,000. But the struggle to move beyond 11,250 signifies that the index can head lower to 10,700 or 10,550 in the days ahead. Despite being in the eye of the storm, the Shanghai Composite closed the week almost unchanged.

The sideways movement in this index however, appears to be a pause before the downtrend from the November 11-peak resumes.

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Loan scam suffered sensex 448 points this week

Sensex this week,Indian stock markets last week,Indices last week,Market update for last week

The markets have closed lower for a fourth straight week suggesting a deep rooted correction has set in. The Sensex fell 182 points to 19,137 and the Nifty declined 48 points to 5,752 in trade today.

This week, the markets were rocked by the realty funding scam. Banking and realty stocks crashed after the CBI arrested top officials of the banking industry for collusion with developers and middlemen. Reports also indicated that SEBI was initiating a probe against insider trading though the finance minister has denied this.

For the week (all provisional), the Sensex fell 2.51 per cent and the Nifty registered a 2.63 downfall. IT stocks rose 2.1 per cent. All other sectors ended in the red with the steepest cuts coming from realty stocks that declined 13.2 per cent. HCL Tech rose 3.5 per cent in the week while Suzlon and JP Associates fell 13 per cent.

Most analysts believe that the scam has been blown out of proportion. Shankar Sharma of First Global said that the loan scam was being blown out of proportion and it was a "bribery scandal at the most."

Analysts were also worried that scams hit a discordant note with FIIs and if they started pulling out money from emerging markets, the situation could worsen.

Today's trade was marked with volatility. The markets opened with modest gains but a broad based sell off that start with realty stocks took the Sensex to below 19,000 levels. Shankar Sharma of First Global said, "The selloff was triggered by margin calls." However, the markets recovered from the day's low but another round of selling pressure towards the day close sent the benchmark indices close to 1 per cent lower.

Realty stocks were the worst hit. While some stocks were hit by the realty scam, others fell from a rub-off effect. Ackruti City, Orbit Corp and Indiabulls Real Estate fell 11-13 per cent. DB Realty was locked up in trade after it fell 9.99 per cent the moment the markets opened. Sharma said that realty sector has fundamental problems. "The sector is overvalued and stocks can fall to 2008 levels.  Issues such as funding, accounting and corporate governance also plague the sector," he added.

Other sectors that saw deep cuts included metals (down 2.54 per cent), oil and gas (down 1.36 per cent) and auto (down 1.89 per cent).

Banking stocks surprisingly did better and closed with minor downside. IDBI fell 5.06 per cent. PNB fell 2.81 per cent. The CBI had arrested one of the Bank's GM for involvement in the scam.

Stocks named by the CBI in the realty funding scam had a free fall.

LIC Housing Finance closed with 11.91 per cent loss. The company's board is meeting next week after its CEO was arrested for involvement in the scam.

Money Matters was locked up after falling 9.99 per cent. The company's board is holding an emergency meeting today.

Other stocks to decline included: Jaiprakash Associates (8.04 per cent), HCC (18.88 per cent, the stock was also affected by the environment ministry's show cause notice to its Lavasa project), BGR Energy (12.40 per cent), Suzlon (4.16 per cent), Ashapura Minechem (9.46 per cent) and Adani Enterprises (16.99 per cent).

Selling was also seen in small cap and midcap counters, with the latter declining 4.49 per cent.

The market breadth remained weak with only 16 per cent stocks advancing on the BSE. On the Sensex, only 6 stocks advanced. TCS was the top gainer, rising 2.14 per cent. Cipla, SBI and Tata Power rose between 1-2 per cent.

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Sensex fell by 182 points and closed at 19,137

BSE Sensex,NSE Nifty,Sensex Today,Indian stock markets today,Market update o the day

BSE Sensex fell 182 points to close at 19,137 and the NSE Nifty lost 48 points to close at 5,752.

The Indian markets extended their losing streak to the fourth straight trading session and third consecutive week as investors remained worried about the fallout of the bribes-for-loans scam on the banking system and the real estate market. Today’s fall was led by persistent selling in Realty, Metals and Power stocks. The broader indices were among the worst hit today amid reports that brokers were offloading clients' shares to make up for the shortfall in margins. However, the BSE as well as the NSE clarified that there was no margin default on the part of any broker and that the trades were being settled on time. The advance-decline ratio was absolutely in favor of the bears. On the BSE, 2508 stocks declined as against 485 advancing stocks while 79 stocks reminded unchanged. "For the third day running, the bribes-for-loans scam continued to take a heavy toll on the Indian market as concerns about its impact on property prices sent realty shares into a tailspin. However, the banking index recovered from the session lows and IT shares bucked  the negative trend.  A weak finish for the Asian markets and fresh fall in the European markets also didn't help matters for the bulls. Also, there were reports of some new artillery firing being heard on the South Korean island." The BSE Sensex fell 182 points to close at 19,137 and the NSE Nifty lost 48 points to close at 5,752. All the BSE sectoral indices ended in the red, the BSE Realty index was the top loser the index lost 5%, followed by BSE Consumer durables index fell 4% and the BSE Metal index slipped 2.5%. The broader indices ended in red as well, the BSE Mid-Cap index was down by 3% and BSE Small-Cap index declined 4.5%. The European indices were trading mixed, the DAX in Germany was up 0.2%, the CAC 40 index in France was down 0.4% and FTSE index was trading higher by 0.2%. Outside the frontline indices, the big losers in the broader market were Adani Ent, BGR Energy, LIC Housing Fin, IFCI and DB Realty. On the other hand, gainers included IRB Infra, Petronet Lng, OBC and Motherson Sumi.

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