Market heat in India

The BSE benchmark rose 2 points to 17,559.86 and the NSE benchmark climb up to 2 points to 5,322.30.

Housing finance company has extended gains to 2.5% whereas top commercial vehicle maker Tata Motors still stand on top losers group with 2.6% losses.

Vedanta group company Sterlite Industries and country's largest car manufacturer Maruti Suzuki rallied 2% each.

Telecom operator Bharti Airtel and state-owned power equipment manufacturer BHEL jumped 1.5%.

Engineering and construction major Larsen & Toubro was on upside with 0.9% and index heavyweight Reliance Industries moved up 0.7%.

India's largest private sector lender ICICI Bank fell 1.2% while its rival State Bank of India gained 0.3%. Cigarette major ITC went down 0.7%.

Shares of TCS, HUL, Tata Steel, Hindalco Industries, Hero Motocorp and Jindal Steel were down 1-2%.

Market Buzz

The BSE Sensex and NSE Nifty pared losses led by buying interest in banks and FMCG stocks. European markets too recouped losses after initial fall; France's CAC, Germany's DAX and Britain's FTSE were flat.

The BSE benchmark rose 5 points to 17,543.56 while the NSE benchmark declined 3.55 points to 5,323.75.

Country's largest private sector lender ICICI Bank spiked over 1% while its rival HDFC Bank gained 0.8%. Top lender State Bank of India turned flat after recovery.

Housing finance company HDFC, and FMCG majors ITC and HUL moved up 1.3% each. Commercial vehicle maker Tata Motors and utility vehicle manufacturer Mahindra & Mahindra climbed 1%.

State-owned power equipment manufacturer BHEL went up 0.5% whereas engineering and construction major by sales Larsen & Toubro was down 1%.

Reliance Industries, India's most valued stock trimmed losses to 0.5% and top software services exporter TCS to 0.12% from 1% each.

Shares of Infosys, Wipro, Bharti Airtel, ONGC, Tata Steel and NTPC were down 0.5-1.5%.

Market Today

Finally my fears of market are stepping back from my life and hope it continue to do so. With the market going up and also prices of petrol I seriously think I should now again concentrate on markets and convert my insurance schemes into money values. Let's see what's in the market today :
Today most topped groups are of Pharmacies and Oil companies.

Tata Motors Ltd. (TTMT), the nation’s biggest truckmaker and owner of Jaguar Land Rover, dropped 1.2 percent after June sales declined. Bharti Airtel Ltd. (BHARTI), the largest mobile-phone operator, climbed 1.1 percent.

The BSE India Sensitive Index (SENSEX), or Sensex, retreated 0.2 percent to 17,403.83 at 9:54 a.m. after shuffling between gains and losses at least five times.
“Investors are taking a breather given the superb rally we had last month,” said Alex Mathews, head of research at Geojit BNP Paribas Financial Services Ltd. in Kochi. “They are waiting for some trigger which could come from more reform measures by the Prime Minister to boost economic growth.”

Indian stocks jumped the most in Asia in June on optimism Prime Minister Manmohan Singh will accelerate the government’s reform agenda after he took over the country’s Finance Ministry on June 26. Singh, who will head the ministry until a successor for Pranab Mukherjee is named, was finance minister in the 1990s, sparking an economic turnaround that now faces one of its sternest tests.

Reform Pressure

Singh’s administration has seen its agenda stymied by opposition from its own coalition allies, and last year suspended a plan to allow Wal-Mart Stores Inc. (WMT) and other foreign companies to buy majority stakes in Indian multi-brand retailers. An anti-corruption bill and proposals to allow foreign direct investment in pensions have also been shelved.

The Sensex has gained 13 percent this year and trades at 13.6 times estimated earnings. Valuations sank to a three-year low of 12.4 times on May 23 on concern slowing economic growth will hurt corporate profits. The MSCI Emerging Markets Index trades at 10 times.

Overseas investors sold a net $122.1 million of Indian stocks on June 28, paring their investment this year to $8.6 billion, according to the nation’s market regulator.

sensex newstotal

A strong stock market, which saw the BSE Sensexsurge 2.69%, has pushed up the combined market capitalisation (m-cap) of top nine blue-chips by Rs.46,869 crore, with energy major RIL alone adding Rs.8,645 crore to its value.

TCS , ONGC , Coal India, ITC , SBI , Infosys , HDFC Bank and NTPC also logged gains in value.

Bharti Airtel , however, was the only one in top-10 that saw slump in m-cap for the trading week ended on Friday.

The market value of Reliance Industries Ltd surged Rs. 8,645 crore to Rs. 2,41,481 crore, followed by IT major TCS which added Rs. 8,582 crore taking its m-cap to Rs.2,50,044 crore on Friday.

ITC's value climbed Rs. 6,568 crore to Rs. 2,02,458 crore, while NTPC added Rs.6,267 crore to reach Rs. 1,31,721 crore.

Similarly, the m-cap of CIL jumped Rs. 6,190 crore to Rs. 2,19,430 crore; ONGC saw a gain of Rs. 4,534 crore at Rs. 2,43,574 crore and HDFC Bank added Rs. 4,346 crore at Rs. 1,32,371 crore.

Infosys' value soared Rs. 1,576 crore to Rs. 1,43,703 crore and m-cap of SBI rose byRs. 161 crore to Rs. 1,44,888 crore.

In contrast, the market worth of Bharti Airtel slipped Rs. 2,184 crore to Rs. 1,15,824 crore.

TCS retained the first slot in the top 10 list for the week, followed by ONGC, RIL, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.

  

State run Coal-India beat the corporate leaders

In between the present trend of downmarket, the cumulative market capitalisation of eight of the top 10 companies grew by Rs 39,723 crore, with state-run Coal India alone adding Rs 8,432 crore.
However, corporate leader Reliance Industries and power producer NTPC saw erosion in their market value.
The BSE 30-scrip benchmark index Sensex up by 1.38% to end the trading week at 16,949.83 on Friday.
CIL m-cap advanced Rs 8,432 crore at Rs 2,14,724 crore, becoming the top gainer among the top 10 firms.
IT bellwether TCS was the second biggest gainer as its m-cap rose by Rs 7,887 crore at Rs 2,48,850 crore.
FMCG firm ITC added Rs 6,568 crore taking its value to Rs 1,93,975 crore, while the m-cap of Infosys surged Rs 5,791 crore to Rs 1,44,708 crore.
ONGC saw a spurt of Rs 5,561 crore in its market worth which stood at Rs 2,27,362 crore, while Bharti Airtel 's valuation moved up Rs 3,057 crore to Rs 1,18,444 crore. HDFC Bank added Rs 2,243 crore at Rs 1,28,694 crore and SBI 's worth climbed Rs 184 crore to Rs 1,46,475 crore.
In contrast to the gains made by these companies, RIL saw the loss stage of Rs 917 crore from its m-cap which was at Rs 2,37,928 crore, while NTPC lost Rs 4,659 crore from its value which was stood at Rs 1,23,764 crore.
TCS retained the number one position on the list, while RIL was at second place, followed by ONGC, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.