Free Intraday Stock and Share Tips for July 1

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Free Intraday Stock and Share Tips for July 1
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DISH TV BUY IN Rs.48 target-I Rs.50, target-II Rs.52 and SL Rs.46



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Free Intraday Stock and Share Tips - June 30

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Today's Free Intraday Stock and Share Tips for June 30
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TATAPOWER SELL IN 1303 target 1289, 1280 SL 1315


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TODAY'S FREE SHORT TERM TIPS
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JINDALPHOTO buy in 203 target 210 SL195

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Today's Intraday Stock Share Tips for June 29th, 2010

Here is Today's Intraday Stock share Tips for June 29th, 2010:

GAIL buy in 474 target 488 SL459


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Nifty trades higher and hovering around 5300 mark

The 50-share NSE Nifty was trading higher and was hovering around the 5300 mark. The sell-off in ITC, GAIL, HDFC Bank, Maruti, Hero Honda, Jindal Steel, ABB, HDFC, Suzlon, ACC, Ambuja Cements and Cipla capped the gains to large extent. The Sensex was trading at 17661, up 87 points and the Nifty was at 5295, up 27 points. The BSE Midcap Index was up 0.5% and the Smallcap was up 1%.

Reliance Communications was trading at Rs 198.35, up 3.15%; ONGC was at Rs 1,301.70, up 3.03%; Idea Cellular was at Rs 58, up 2.56%; BPCL was at Rs 636.35, up 2.52%; Kotak Mahindra was at Rs 763.15, up 1.66%; Reliance Infrastructure was at Rs 1,186, up 1.54%; Reliance Industries was at Rs 1,078, up 1.39% and Tata Motors was at Rs 779, up 1.24%.

In the midcap space, GTL Infra, Sun Pharma Advanced, Gee Kay Finance, Fresenius Kabi and Peninsula Land were up 4-5% while Godrej Industries, Edelweiss Capital, Federal Bank, Apollo Tyres and United Bank fell 2% each.

In the smallcap space, Voltamp Transformers, Indo Tech Transformers, Taj GVK Hotels, Welspun India and GRUH Finance gained 7.5-13% while Panoramic Universal, Disa India, Religare Tech, Oriental Hotels and Atco Corp slipped 3-5%.

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Today's Intraday Stock Tips for June 28th, 2010

Here is Today's Intraday Stock Tips for June 28th, 2010:

TATASTEEL buy in 490 target 504 SL476

SATYAMCOMP buy in 91 target 94 SL87

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RCom, GTL Infra ink Rs 50,000 Crore tower deal

Anil Ambani-backed Reliance Communications and GTL Infrastructure have agreed on a Rs 50,000 crore deal to create the world’s largest independent telecom infrastructure company, which would not be controlled by any telecom operator.

Under the deal, the telecom towers of Reliance Infratel, in which Reliance Communications holds a 95 per cent stake, would be merged with GTL Infrastructure, which offers infrastructure services to wireless telecom operators.

The deal is expected to close within six months. The combined entity would have 80,000 towers and over 1.25 lakh tenancies.

The deal would help bring in significant cash into Reliance Communications and that would help it reduce the company’s debt burden. Reliance communications said that its 2 million shareholders would receive shares of GTL Infra, which is listed on the exchanges. The details of the cash inflow into Reliance Communications and the share-exchange ratios for Reliance Communications shareholders have not been decided yet.

India's largest optic fibre network of over 200,000 kms and related assets owned by Reliance Infratel will however remain under Reliance Communication's ownership.

Standard Chartered Bank acted as the banker to the deal.

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Today's free intraday stock tips June23

Hi Friends,

Here is the intraday free stock tip for June 23rd based on the technical advices:

TATAPOWER SELL IN 1325 target 1310, 1295 SL 1335

Nifty's intrday movement are expecting as below:

S2-5280 S1-5300 R1-5340 R2-5360

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Today's free intraday stock tips June21

Today's free intraday stock tips

RELINFRA BUY IN 1163 target 1175, 1185 SL 1153

SHORT TERM TIPS

IFCI buy in 54 target 56 SL 52

Online share market recommendation:

Nifty today support/resistance
S2 S1 Pivot R1 R2
5213 5235 5270 5295 5325

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Today's hot stock, f&o and intraday tips:

RELCAPITAL SELL IN 764 target 757,750 SL 772

SHORT TERM TIPS:

Nifty have a resistance in 5310-20 level, if nifty break this level it will touch 5380 level. Heavy selling pressure will form in 5320 level so breaking of this level is hard.

Tips of share market for trade:

Nifty today support/resistance:

S2 S1 Pivot R1 R2
5177 5226 5256 5305 5335

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Nifty ends above 5250; all sectoral indices in green

The benchmark Nifty broke out above 5250 on Thursday after witnessing consolidation for previous two days and consistently maintained positive trend for seventh consecutive day. Equity benchmarks were quiet in first of trade but they got strengthened in second half of trade on positive European cues. European markets like CAC, DAX and FTSE were trading 0.6-0.9% higher, at the time of closing of Indian equities. The Dow Jones and Nasdaq futures gained 0.4% each while Asian markets ended mixed on Thursday.

David Fuller, Global Strategist-Director of Stockcube Research says, India is an incredibly attractive long-term growth story. “If Wall Street is steady, we should see India break to the upside and sustain a move above the 18,000 level and possibly retest the 2008 peak during the second half of this year.”

The 30-share BSE Sensex closed at 17,616.69, up 153.82 points or 0.88% and the 50-share NSE Nifty rose 41.50 points or 0.79% to settle at 5,274.85.

Oil & gas, private financial, realty, auto (barring Hero Honda) select power, auto and telecom companies' shares helped equity benchmarks. However, selling in few stocks like SBI, NTPC, HUL, Hero Honda, BHEL, Tata Steel, PNB, Cairn, Sun Pharma and Idea Cellular capped the gains to major extent.

ONGC was the leading player; gained 1.85%. Heavyweight Reliance Industries rose 1.27% ahead of its Annual General Meeting on Friday. GAIL was up 2.5% and BPCL up 0.2% while Cairn declined 0.55%.

Anil Dhirubhai Ambani Group companies' shares also moved up ahead of RIL'a AGM. Reliance Communications went up 2.4% as CNBC-TV18 learns that the company may hive-off its DTH, IPTV business into separate company. Reliance Infrastructure, Reliance Power and Reliance Capital gained 0.7-1.77%.

L&T was the top gainer on Nifty; went up 3.24%. Among other capital goods stocks, Siemens was up 1.3% and ABB up 0.5% while BHEL fell 0.4%.

Tata Motors from the auto space continued its upmove on Thursday as well, especially post its monthly sales numbers. The stock rallied 2.8%. Maruti and M&M were up 0.9-1% while Hero Honda declined 1.65%.

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free stock tips of the day June16

Edelweiss has put out a BUY call on Mahindra Lifespace.

“Mahindra Group has more than 100,000 employees and group revenues exceeding $7 billion. Currently, it is executing 2.18 m sq ft of projects across Mumbai, NCR, Chennai, and Pune, and 5.89 m sq ft of planned projects. Average realisation is estimated at Rs 3,900 per sq ft and the build-out cost at Rs 1,700 per sq ft. We estimate that the se projects will generate cumulative cash of Rs 1,040 crore till FY16E,” it said.

“Mahindra Life is developing another SEZ/ business park at Jaipur, spread over 3,000 acres. It has already signed 36 MoUs, of which 16 have been converted into agreements and two units are operational with 1,500 employees. It is planning similar projects in Chennai and Pune across 4,000 acres,” it said.

“We have valued Mahindra Life on a DCF basis for its high-visibility projects and valuation of its balance land bank. We estimate the high visibility projects of to generate Rs 1,040 crore, and value these at Rs 480 crore,” Edelweiss said.

“We value its industrial parks/ SEZs at Rs 1,100 crore, including the Thane land, other businesses and net cash. Mahindra Life is valued at Rs 2,100 crore (Rs 519 per share), indicating an upside of 24% from the current levels. Hence, we give a BUY recommendation and rate it ‘sector underperformer’ on a relative return basis,” it said.

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MMTC board meet on June 29 for issue of bonus; stk up 24%

MMTC touched an intraday high of Rs 37,999 and an intraday low of Rs 34,230.15. At 09:21 hrs the share was quoting at Rs 35,411, up Rs 6,885.85, or 24.14%.

The company has a board meet on 29 June for issue of bonus and split, reports CNBC-TV18.

It was trading with volumes of 1,295 shares. Yesterday the share closed down 0.50% or Rs 142.25 at Rs 28,525.15.

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Nifty hovering around 5200

The Nifty was hovering around 5200 for most part of the day. It was a dull session for the markets. The market was struggling to breakout and was trading in a narrow range of 20 points on either side from 5200 mark.

The Sensex was up 23.32 points or 0.13% at 17361.49, and the Nifty up 15.40 points or 0.30% at 5213.10. About 1659 shares advanced, 1301 shares declined, and 351 shares were unchanged.

Buying was seen in FMCG, metal, power and capital goods stocks. Selling was seen in IT, oil&gas and banking stocks. BSE Midcap and Smallcap index were trading in green with positive bias.

In the largecap space, Reliance Power was up whopping 7%. Sterlite Industries, Reliance Communications, Suzlon Energy and Reliance Capital were up 2.7-4.8%. On the losing side, BPCL, TCS, Mahindra and Mahindra, ONGC and Axis Bank were down 1-4%.

Most active shares on NSE were RNRL, Reliance Industrial Infra, Reliance Industries, Reliance Capital and Hindustan Copper.

Top gainers on the BSE Midcap: BOC India, Fresenius Kabi, Godrej Property, Manappuram and Nat Fert were up 5-20%.

Top losers on the BSE Midcap: Kwality Dairy, MVL, IRB Infra, Prakash Industries and Patni Computer were down 2.5-15%.

Top gainers on the BSE Smallcap: Lok Housing, TTK Prestige, Shrenuj and Company, Force Motors and Reliance Industrial Infra were up 9-13%.

Top losers on the BSE Smallcap: Man Industries, Kanani Industries, Thinksoft, Shristi Infra and Shree Ram Urban were down 4-5.5%.

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Nifty consolidates post 4 day winning streak

The benchmark Nifty started the day with a consolidation mode, after gains in previous four days. Asian markets were also lacklustre in trade. Auto, technology and select financials were under pressure.

At 9:02 hours IST, the Nifty was trading at 5189, down 8 points and the Sensex was at 17306, down 31 points.

The CNX Midcap fell 6 points to 7947. About 367 shares advanced while 301 shares declined on NSE.

Among the frontliners, TCS, Bharti Airtel, ICICI Bank, Axis Bank, DLF, Jaiprakash Associates, Idea Cellular, Unitech, Hindalco and BPCL were witnessing selling pressure.

However, Reliance Communications gained 3%, as the company will demerge Reliance Infratel, a tower business.

Among other ADAG stocks, Reliance Power and Reliance Capital also went up.

However, HDFC, ITC and HCL Tech were gainers.

Midcap & Smallcap space:

Bajaj Hindusthan gained 3% as the company will consider merger of its arm Bajaj Hindusthan and Industries.

Shree Renuka Sugars and Balrampur Chini gained 2%. Govt has approved Rs 4/kg hike in levy sugar price paid to mills, reports CNBC-TV18.

Duncans rose 5%, as there were reports that JP Associates will buy out company's closed fertilizer unit.

Balaji Telefilms shot up 10%; Star India has revived plans to sell 26% stake in the company. Reliance Big Entertainment was seen as front-runner to buy stake.

GTL Infrastructure was up 3.5%, as Reliance Infratel & company were in talks for possible deal.

Reliance Industrial Infrastructure also gained.

However, Mahindra Satyam was down 2%. CLB allowed the company to publish Q1 results by September 2010.

Source: http://www.moneycontrol.com/news/local-markets/nifty-consolidates-post-4-day-winning-streak_464126.html

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Nifty ends at 1-mth high; Tech, oil & gas, metals up

The benchmark Nifty rallied for fourth consecutive day on positive global cues and closed at one-month high. It touched the 5200 mark in an intraday trade and closed tad away from the same level. The index was ranged at 4900-5120 level in last one-month.

According to portfolio manager PN Vijay the current low volatility period presents as a good buying opportunity. “We have enough locomotion in us, if the news isn’t too bad from the west, to take us a bit more probably 5,300 or so and then we will pause.”

European markets were trading 0.65-1.55% higher and Dow Jones & Nasdaq futures were up 0.8% each, at the time of closing of Indian equities. Euro also jumped 0.64% to 1.22 per dollar and in commodities; crude oil price went up 2.2% to USD 75.4 a barrel on the NYMEX.

Asian markets also closed higher. Nikkei went up 1.8% and Taiwan up 1.2%. Hang Seng, Jakarta, Straits Times and Kospi gained 0.8-0.9%. The US markets ended 0.4-1% higher on Friday.

The 30-share BSE Sensex closed at 17,338.17, up 273.22 points or 1.6% and the 50-share NSE Nifty rose 78.35 points or 1.53% to settle at 5,197.70. The Nifty June futures ended at 7 points premium, as per provisional data.

Investment Guru Mark Mobius continues to remain bullish on Indian markets. He continues to hold positions in India and is adding to positions.

All sectoral indices were in positive terrain barring pharma. Technology was the star performer; respective index rose 3.7%. Oil & Gas, Metal, FMCG, Power, Banking and Capital Goods indices rallied 1-1.9%.

source: Moneycontrol

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Sensex still trading in positive bias in the afternoon

The 30-share BSE Sensex erased some gains but was still trading higher at 01:17PM IST. Shares of oil & gas, technology, metal, FMCG, select financial and power companies were helping the markets to stay on the higher side. European markets opened the day with gap up, which was also quite supportive; CAC and DAX rose 0.8% each, and FTSE went up 0.4%.

The Sensex was trading at 17182, up 117 points and the Nifty was at 5148, up 29 points. However, the Nifty June future was trading with 4 points discount.
However, auto and realty companies' shares along with Bharti Airtel (down 2.7% on profit booking), NTPC, BHEL, SBI, Idea and Suzlon Energy were witnessing selling pressure, due to which markets came off their day's high.

Top gainers - Infosys was trading at Rs 2,703.85, up 2.78%; Wipro was at Rs 665, up 2.72%; BPCL was at Rs 555.05, up 2.60%; HCL Tech was at Rs 378.50, up 2.41%; Reliance Infrastructure was at Rs 1,133.10, up 1.85%; Hindalco was at Rs 141.70, up 1.58% and Tata Steel was at Rs 480, up 1.56%.

SpiceJet, Tata Steel, Reliance Industries, SBI, Infosys, ICICI Bank and Tata Motors were the most active shares on exchanges.

Source: http://www.moneycontrol.com/news/local-markets/sensex-northbound-bharti-ntpc-dlf-bhel-dip_463937.html

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HUL okays share buyback not exceeding Rs 280/share

HUL board has given its nod to buy back shares worth up to Rs 630 crore, which is within 25% of the total paid-up capital. The buyback amounting to 2.25 crore shares, which would translate into about 1% of the total equity, will be done at a price not exceeding Rs 280 per share. The motive, analysts say, is to provide a sentimental boost as it won't have any material impact on the stock.

The maximum price that has been fixed is at about 20% premium to the average closing price of the stock for the last three months.

The company has equity and reserves of about Rs 2583 crore. It also has cash and bank balance of Rs 1892 crore.

Analysts feel that the buyback has been done to provide a sentimental boost to the stock in the market to arrest the decline in stock price that the company has been witnessing in the past six months and do not expect a materal impact as far as the buyback is concerned.

The last time HUL did a buyback was in 2007 when it was carried out at an average share price of Rs 207 per share and the company had bought about 3 crore shares.

The HUL shares closed at Rs 252.50, up Rs 0.35, or 0.14%. Its market capitalisation stands at Rs 55,087.59 crore.

News source: http://www.moneycontrol.com/news/business/hul-okays-share-buyback-not-exceeding-rs-280share_463699.html

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Spicejet bought by Sun TV

On Friday, the acquisition of Spicejet was completed by the Chief Executive of Sun TV, Kalanithi Maran, son of Dayanidhi Maran.

Kalanithi bought 37 per cent stake in the low-cost no-frill airlines and entered into the field of aviation.

The acquisition will be done by the holding company of Maran, KAL Airways, in individual capacity. In this the deal, the owning of Boeing's 787 Dreamliner is also included.

Talking to the media, sources close to the development said that Maran has already signed an agreement to purchase 37 per cent stake in the airline. The promoters of the same are Bhupendra (Bhulo) Kansagra and Wilbur L Ross.

Out of the total 37 percent, 25 per cent will be of Ross. He owns the stake through foreign currency convertible bonds (FCCBs) in the company.

He will be paying Rs. 800 crore for the stake and will be done through off-market transactions.

Also there is news that Maran is going to make an offer to the minority shareholders of the company to buy the regulatory 20 per cent stake.

In May, Spicejet has already raised Rs. 355 crore thorough stake sale for funding its plans.

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source: http://www.topnews.in/spicejet-bought-sun-tv-2264525

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Global cues lift Sensex above 17K; RIL, Infy lead

Equity benchmarks started the day on a strong note following rally in global markets, which tracked better-than-expected US jobless claims, Australian unemployment data and rise in China's export-import along with sucessful Spanish bond auction. The Nifty got back above the 5100 level while the Sensex started trading above 17000 mark.

At 9:02 hours IST, the Nifty was trading at 5125, up 47 points and the Sensex was at 17077, up 155 points.

The CNX Midcap rose 62 points to 7943. About 669 shares advanced while 84 shares declined on NSE.

Among the frontliners, Sterlite Industries, SAIL, Reliance Industries (up 1.5% post upgrading the stock by brokerage firm on M&A news), HDFC, ICICI Bank, HDFC, M&M, HCL Tech, Wipro, DLF, Unitech, Reliance Power, Reliance Capital, Hindalco and Suzlon Energy were gainers in early trade.

Standard Chartered Bank IDR was trading at around its issue price of Rs 104 on first day.

Midcap & Smallcap space: Tata Metaliks rose 3%. HDIL and DB Realty gained nearly 5% post Bombay HC dismissed govt regulation on TDR Policy and cut FSI back to 1 from 1.33. Videocon Industries was up 2.6%, as banks may get preferential allotment from the company. DCB and Indiabulls Financial were up 1-2%. There were rumours that Kotak Mahindra Bank is planning to take over Karnataka Bank but Kotak Bank denied such rumours. Karnataka Bank rose 1%. Jet Airways went up 4%, as it carried 8.69 lakh revenue passenger in May 2010, up 41% YoY. HCC rose 2.4%. However, KPIT Cummins was down 1.7% after rallied in last few days.

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Nifty settled at 5000 level

The benchmark Nifty closed with modest gains, after consolidating throughout session. It settled at the 5,000 level. The markets consolidated today after previous two-day sell-off on the 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. The 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 the 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 exerted pressure on the markets.

Bharti Airtel was the top gainer on the 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.

Among the 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%.

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Nifty holds 5000 level

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%.

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Sensex consolidates; Bharti, ONGC, BPCL top gainers

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 banking companies' 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%.

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Sensex ends 164 pts lower; oil & gas, telecom, metals drag

The benchmark Nifty slipped into the red in the last one hour of trade and closed below an important psychological level of 5000 on the back of fall in European markets. The markets had opened marginally higher and were consolidating in the first half of trade after Monday's sharp sell-off. European markets like France's CAC 40, Germany's DAX and Britain's FTSE were down 1.2-1.5% for the third consecutive day on rising European debt crisis. The IBEX Index (Spain) was down 1.5% and Greek's Athex Composite was down 1.3%. Investors were still worried about recovery in European economies. Power companies' shares in Germany' declined more than 3% as government announced that they will impose a tax on nuclear fuel, which will increase government revenues. EON AG and RWE AG dropped over 3%.

Telecom, metal, realty, oil & gas, technology, auto, select financials and power companies' shares witnessed selling pressure, which dragged the Sensex down by more than 150 points. However, HDFC, ITC, Tata Power, Axis Bank, Siemens, BHEL, NTPC, Cipla, HUL and PNB were the only gainers. Indices slipped for the second consecutive day. The 30-share BSE Sensex closed at 16,617.10, down 163.97 points or 0.98% and the 50-share NSE Nifty fell 46.90 points or 0.93% to settle at 4,987.10. The Nifty June futures ended at 22 points discount, as per provisional data.

All the sectoral indices ended in the red barring FMCG. The BSE Metal and Realty indices tumbled 2-2.5%.

Telecom companies' shares witnessed profit booking as they rallied in the last week. Bharti Airtel, which took control of Zain Assets today, lost 3.7%. Reliance Communications was down 5% and Idea Cellular was down 2%. Hindalco was the top loser on the Nifty; tanked 6%. The company said it was looking to buy copper mines overseas. Among the other metal stocks, SAIL, Tata Steel and Sterlite Industries declined 2% each. Jindal Steel was down just 0.3%. ONGC, Reliance Industries and Cairn India from oil & gas space lost 1% each. Oil marketing companies' shares like BPCL, HPCL and IOC went down 3.5%, 2.5% and 1.76%, respectively. Empowered Group of Ministers deferred decision on fuel pricing in Monday's meeting.

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share to win | Sensex was trading in a narrow range

The benchmark Sensex was trading in a narrow range of 16970-17050, while the Nifty was hovering around the 5100 level. Telecom, technology, capital goods, power, metal and realty companies' shares were under pressure. HDFC Bank and Reliance Industries were also in the red.

However, FMCG, healthcare, select financial and auto companies' shares were witnessing buying interest and capped the losses to some extent. Public sector undertakings like ONGC, GAIL, BPCL and Chennai Petroleum were up 0.4-0.6% ahead of meeting on deregulation of oil prices. HPCL, IOC and Oil India gained 1.5-2.2%.

The Sensex was trading at 16980, down 42 points and the Nifty was at 5093, down 13 points. The Nifty June future was trading at 16 points discount.

HUL rose 1.5% as the company will consider buyback in a board meeting on June 11.

Tata Steel, Colgate, Sesa Goa, Havells India, SBI, ICICI Bank and Reliance Communications were the most active shares on bourses.

In the midcap space, Gujarat Flourochem, Syndicate Bank, TV18, IOB and IBN18 Broadcast gained 3-5.5% while Educomp Solutions, Indiabulls Real, Deccan Chronicle, Sintex India and Apollo Tyres lost 2-3.5%.

In the smallcap space, GeeCee Ventures, Phillips Carbon, Dhampur Sugar, Sonata and Transformers went up 6.6-13.4% while Electrotherm, Kanani Industries, Panoramic Universal, Maharashtra Ele and EIH Associated Hotel declined 4.6-6%.

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Share to win ~ Sensex ends 372 pts lower on global cues

The benchmark Nifty snapped four-day winning streak and closed below the psychological 5000-mark. The sell-off across global markets and fall in commodities along with currencies hammered the Sensex to shed 400 points in intraday trade.

Global markets fell and the euro slipped close to a four-year low against the dollar as expectations that slowing growth in China and the euro zone would hamper the global economic recovery hit risky assets.

European markets like CAC, DAX and FTSE were trading 2% lower on doubts of economic recovery. British Petroleum tumbled 15% after its attempt to plug a disastrous oil leak in the Gulf of Mexico failed.
Asian markets closed 0.6-1.4% lower; only Jakarta fell 2.6%. The Dow and Nasdaq futures were trading more than 1% down, at the time of closing of Indian equities.

The 50-share NSE Nifty closed at 4,970.20, down 116.10 points or 2.28% and the 30-share BSE Sensex fell 372.60 points or 2.2% to settle at 16,572.03. The Nifty June future ended at 30 points discount, as per provisional data.

All sectoral indices witnessed selling pressure; the metal saw huge profit booking on sell-off in commodities. Respective Index was down nearly 4%. Realty, Bank and Oil & Gas indices declined 2.5-3%.

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