Equity high

Indian equities rose for the first time in five days ahead of a report tomorrow on the nation’s economic growth and a speech by U.S. Federal Reserve Chairman.

The BSE India Sensitive Index (SENSEX), or Sensex, increased 0.3 percent to 17,541.64, rebounding from an intraday drop of 0.7 percent, as investors closed bearish bets following the expiry of derivative contracts. Hindustan Unilever Ltd. (HUVR), the biggest home products maker, ITC Ltd. (ITC), the largest cigarette company, and Tata Consultancy Services Ltd. (TCS), the top software  exporter, all rallied to a record.

In the 50-stock S&P CNX Nifty Index futures were at 56.3 percent at 4:25 p.m., compared with 70 percent in July, this year, helped by the biggest overseas equity investments among 10 Asian markets tracked by Bloomberg. Foreign funds bought a net $30 million of stocks on Aug. 28, the 21st day of purchases, pushing up their investments this year to $11.8 billion, data from the regulator show. That’s the longest stretch of net buying since a record 41-day streak through Oct. 27, 2010, Bloomberg data show.

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%.

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.

From rise to down

From the yesterday's report of market recovery and green shots it was quite obvious to think og good future and corporate scorecard brings cheer sensex intra day movement was from 14843.12 rose to 15264.84. Car maker Suzuki at Rs.583.54 (25.3%), Bharti Airtel at a profit of Rs. 2517 crore
(17%), Aditya Birla at a profit of Rs.297.10 crore, Cigarette-to-hoteld conglomerate ITC rise of Rs.879 core (17.4).....
While today's market report uptill was below satisfactory with the Red color of sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50. little bit of relaxations are provided coming from the several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

With several blue chip stocks finding support hard to come by at higher levels, the benchmark indices Sensex and Nifty, which faltered after a rousing start, are seen struggling to make a headway now.

BSE : 15248.14 NSE :4530.50

The Sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50.

Realty and automobile stocks continue to hog the limelight. Consumer durables stocks have rallied after a somewhat subdued start. A few stocks from metal, information technology, capital goods and power sectors have posted sharp gains. PSU, pharma, oil, bank and FMCG stocks remain a bit subdued.

Meanwhile, several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

Maruti Suzuki remains the top gainer in the Sensex. At Rs 1346, the stock is up by nearly 4%. Strong quarterly results and expectations of higher sales in forthcoming quarters of this fiscal are driving the stock up north today. Tata Motors has gained close to 3.5% at Rs 352. Mahindra & Mahindra, which has eased a bit to Rs 813, is up by 1.4%.

DLF is up with a gain of 3.3%. Tata Steel, Sterlite Industries, BHEL, Hindalco, Jaiprakash Associates and Infosys Technologies are up by 1.5% - 3%. Tata Consultancy Services, Wipro, Tata Power and Reliance Communications are up with modest gains. NTPC is up marginally.

SAIL, Ambuja Cements, HDFC, Punjab National Bank and ITC have lost over 2%. ICICI Bank, Cipla, Reliance Infrastructure, HDFC Bank, State Bank of India, ONGC, Power Grid Corporation, Axis Bank and Siemens are also trading with sharp losses.

Among midcap stocks, Havells India, Phoenix Mills, HT Media, Amtek Auto, Tulip Telecom and Bharat Forge are up by 6% - 8%. Godrej Consumer Products, TV 18, MRF and BF Utilities are up by over 5%.

KEC International, Gujarat Petronet, EID Parry, GE Shipping, Bannari Amman Sugars, MphasiS, Monnet Ispat, Carborundum Universal and Rashtriya Chemicals & Fertilizers are also trading firm with impressive gains.