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SENSEX - 26653.60    286.92 NIFTY - 8156.65    87.00  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 5:00 PM
Why the Sensex has posted its best weekly gain since March

Improving earnings have raised optimism for a broader-based economic recovery, especially at a time when investors are betting monsoon rains will be stronger than average this year.

Mirroring the optimism, foreign investors have bought Indian shares worth over $120 million this month, taking this year's inflows to $1.92 billion.

"Earnings have improved overall and this quarter's results have surprised markets positively," said Vaibhav Agrawal, vice-president & head of research at Angel Broking.

"India's macros and consumer-driven sectors are doing quite well and there is a clear-cut optimism that growth will pick up."

Sify Editors @ 4:40 PM
The Indian stock market saw yet another good spell in positive territory, as the bulls stayed aggressive on Friday, reacting to some good earnings reports and on hopes the government will move fast on reforms. A good monsoon forecast and the recent rating upgrade on Indian market helped as well.

As stocks rallied sharply, the benchmark indices Sensex and the Nifty50 hit their highest levels in almost seven months and closed on a buoyant note, extending their gains to a fourth successive session.

The BSE benchmark Sensex ended up 286.92 points or 1.09% at 26,653.60, after hitting a high of 26,677.43. The Nifty50 of the National Stock Exchange, which zoomed to 8164.20, closed at 8156.65, gaining 87 points or 1.08%.

In the forex market, the rupee was hovering around 70.00 a dollar by mid afternoon, up 0.26% from its previous close of 67.18 a dollar.

Sify Editors @ 3:40 PM
Key Indian stock indices Sensex and the Nifty50 hit near 7-month highs as the bulls held sway once again on the

bourses.

Some strong quarterly results, firmer rupee, hopes on the reforms front and good monsoon kept the mood upbeat.

The Sensex ended up 286.92 points or 1.09% at 26,653.60.

The Nifty50 closed at 8156.65, up 87 points or 1.08%.

Oil and healthcare turned in a fine performance.

Bank, metal and realty stocks too mostly ended with strong gains.

IT, automobile, consumer discretionary and metal stocks had a fairly good outing.

FMCG stocks were mostly subdued.

Midcap stocks were in demand, while smallcap stocks closed on a mixed note.

The market breadth was positive.

Sify Editors @ 3:20 PM
Buy BHEL for long term gains. The stock may stay a bit sideways in the near term, but long term prospects look good.

Sify Editors @ 3:05 PM
With the mood remaining quite bullish, the Indian stock market is all set to end on a high note once again. After snapping a four-day lowing streak and edging up marginally on Tuesday, the market recorded strong gains in the next two sessions with investors lapping up stocks amid hopes of speedier reforms, a good monsoon forecast, a stronger rupee and some impressive quarterly results.

The trend is no different today, with the market getting off on a rousing note after BPCL declared better than expected results and also announced a bonus issue.

At 26,633.12, the Sensex is now up 266.44 points or 1%. The Nifty50 is up 79 points or 0.98% at 8148.65.

Sify Editors @ 2:50 PM
Buy LIC Housing Finance for medium to long term. Hold with a stop loss around Rs 420.

Sify Editors @ 2:35 PM
Stay invested in NTPC if looking at long term. Fresh buying can be considered at declines.

Sify Editors @ 2:20 PM
The Indian stock market remains firmly entrenched in positive territory this afternoon, with several blue chip stocks extending their morning gains on sustained buying interest.

Hopes of good monsoon and fairly impressive quarterly earnings reports from India Inc appear to be prompting investors to step up buying in the market.

Among global markets, though European markets have opened lower, Asian markets closed on a firm note today.

The Sensex is up 255.10 points or 0.96% at 26,621.78, around 40 points off the day's high of 26,662.64. The Nifty50 is up 78.80 points or 0.98% at 8148.45.

Sify Editors @ 2:05 PM
Hold State Bank of India (Rs 185) and add on dips.

Sify Editors @ 1:45 PM
Buy ITC at current levels and add more at declines for medium term gains.

Sify Editors @ 1:15 PM
With the bulls still dominating proceedings in the stock market, the benchmark indices Sensex and the Nifty50 remain firmly entrenched in positive territory, rising for the third successive day and hitting multi-month highs in the process.

The Sensex is up 193.31 points or 0.73% at 26,559.99, off the day's high of 26,585.76. The Nifty50, which rose to 8141.30, is now at 8123.30, up 53.65 points or 0.66% from its previous close.

Sify Editors @ 1:00 PM
Sun Pharmaceutical Industries
gains as much as 4.6 pct to its highest since May 6 after its U.S. subsidiary Taro Pharma posts strong FY results.

Taro Pharmaceutical Industries said on Friday FY net sales rose 10.2 pct to $950.8 mln while gross profit rose to $779 mln.

"Today's traction is typically on account of Taro numbers, which were way above street estimates," says Siddhant Khandekar, analyst at ICICI Securities.

Taro typically contributes around 32 pct of the U.S. turnover of Sun Pharma, he adds.

Stock 2nd top gainer on the Nifty Pharma index , which is up 2.5 pct.

Sify Editors @ 12:30 PM
Bharat Petroleum Corp Ltd's
shares gain as much as 7 pct to 991 rupees, highest since April 27.

Stock up after the company on Thursday reported upbeat March-quarter results.

Q4 net profit 25.49 bln rupees; net sales 441.46 bln rupees.

Kotak Institutional Equities says BPCL's net income and reported EBIDTA were both ahead of its estimates.

BPCL's domestic sales volumes rose 12.5 pct.

Broker adds company's relative performance has improved over the past 3 quarters after previous under-performance in volumes compared to rivals.

Kotak expects BPCL's profitability to remain robust, led by steady marketing margins, expected recovery in refining margins from current lows and commissioning of a project in Kochi, in southern India.

Kotak has "buy" rating on stock with a PT of 960 rupees.

Sify Editors @ 12:10 PM
Buy Power Grid Corporation for medium term. Add at declines.

Sify Editors @ 11:50 AM
Buy HDFC for near to medium term gains. Hold with a stop loss around Rs 1100.

Sify Editors @ 11:30 AM
Buy Piramal Enterprises (Rs 1396) at current levels. Add more at declines.

Sify Editors @ 11:10 AM
Buy Larsen & Toubro and add more at sharp declines.

Sify Editors @ 10:50 AM
Buy Reliance Communications for medium term gains. Keep a stop at Rs 45 for near term.

Sify Editors @ 10:35 AM
Buy Sun Pharmaceutical Industries (Rs 810) and add in small quantities at declines. For near term, keep a stop loss around Rs 780.

Sify Editors @ 10:15 AM
Markets today remained on an upward trajectory for the fourth straight session, with the Sensex advancing over 148 points and the Nifty reclaiming 8,100-mark as investors built more bets and foreign inflows continued amid mixed Asian cues.

The 30-share index, which had gained 1,136 points in the previous three sessions, added 148.37 points, or 0.56 per cent, at 26,515.05 in early trade on fresh buying by participants as the June derivatives series got under way.

All sectoral indices led by oil and gas, healthcare and PSU were trading in the green, rising up to 1.91 per cent.

On similar lines, the NSE Nifty topped 8,100 by rising 43 points, or 0.53 per cent, at 8,112.65.

Brokers said creation of fresh long positions in the F&O segment and sustained foreign fund inflows kept up tempo.

Improving prospects of an economic recovery and forecast of a better-than-average monsoon just added it up.

Sify Editors @ 10:00 AM
With the bulls storming the ring once again, the Indian stock market opened on a buoyant note Friday morning, extending its winning run, amid optimism about speedier reforms, good monsoon and on some strong quarterly results from India Inc.

After having gained nearly 1100 points in the last three sessions, the BSE benchmark Sensex rallied to 26,582.09 this morning, gaining 205.41 points or 0.8% in the process. The index is currently up 157.75 points or 0.6% at 26,524.43. The Nifty50 of the National Stock Exchange is up 56.10 points or 0.7% at 8125.75, after advancing to a high of 8136.30.

Sify Editors @ 9:40 AM
Buy MOIL for the target price of Rs 262.

 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
State Bank of India 195.55 195.55
Suzlon Energy Ltd. 16.20 16.20
Spicejet Ltd. 66.50 66.50
Indiabulls Real Esta 103.35 103.35

volume toppers nse

Share
Company Name Current
Price
Previous
Close
State Bank of India 195.90 209.55
Suzlon Energy Ltd. 16.20 20.95
Indiabulls Real Esta 103.55 59.10
ICICI Bank Ltd. 243.15 246.75
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 29155.08 Rs. 39365.00
Mumbai Rs. 30588.24 Rs. 39365.00
Delhi Rs. 29732.62 Rs. 39365.00
Kolkata Rs. 30085.56 Rs. 39365.00
Kerala Rs. 28770.05 Rs. 39365.00
Buy/Sell Advice Share
Source Company Action
Firstcall Grasim Industries Buy
ICICIDirect NTPC Buy
ICICIDirect Cipla Buy
ICICIDirect ACC Sell

monthly gainers bse

Share
Company Name Current
Price
Change %
Mold-Tek Plastics Lt 50.40 596.23
Tide Water Oil Compa 5740.50 237.58
P I Drugs & Pharmace 140.90 233.85
Vivimed Labs Ltd. 83.55 221.54

monthly losers bse

Share
Company Name Current
Price
Change %
Signet Overseas Ltd. 26.75 -991.03
Sarla Polyester Ltd. 66.50 -744.66
SMS Pharmaceuticals 89.90 -693.16
Elpro International 34.00 -660.15

monthly gainers nse

Share
Company Name Current
Price
Change %
Welspun India Ltd. 100.05 512.89
Tide Water Oil Compa 5728.85 223.10
Pioneer Distilleries 126.80 208.83
Cambridge Technology 84.75 172.45

monthly losers nse

Share
Company Name Current
Price
Change %
Tata Coffee Ltd. 87.80 -1039.75
Corporation Bank 35.70 -972.97
Kotak Gold Exchange 259.40 -907.77
Bank of Baroda 138.60 -713.13

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 53.85 56.77
Cholamandalam Invest 890.00 38.03
Bajaj Finance Ltd. 7631.50 23.24
Hero MotoCorp Ltd. 3001.00 21.52

Bse top losers

Share
Company Name Current Change
IL&FS Engineering & 42.85 -35.95
Emkay Global Financi 51.50 -33.16
Jindal Stainless Ltd 15.70 -28.47
Texmaco Infrastructu 31.20 -24.55

Nse top gainers

Share
Company Name Current Change
N K Industries Ltd. 39.85 5592.86
Oriental Carbon & Ch 464.75 4666.67
Bajaj Finance Ltd. 7667.90 784.06
Maruti Suzuki India 4146.60 673.40

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 99.00 -88.82
Welspun India Ltd. 100.05 -88.28
Tide Water Oil Compa 5728.85 -81.84
Vivimed Labs Ltd. 83.75 -81.36
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17