Daily market calls reports (20 th april 2011)

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Sensex down 300 points

Sensex down 300 points; ADAG stocks tumble

The markets weakened further, with the Nifty and the Sensex down almost 100 and 300 points respectively on all-round selling. The traders appear keen on booking some profits ahead of the weekend. Losses in index heavyweights also led to a major decline. Midcap and Smallcap indices were also under pressure. Market breadth, indicating the health of the market, was weak.

The ADAG stocks witnessed heavy sell-off - Reliance Media down by 9.24%, Reliance Capital down by 8.36%, Reliance Communications down by 8.21%, Reliance Infra down by 7.20%, Reliance Power, 6.38% and Reliance Broadcast down by 4.06%

All the sectoral indices were down, Realty down by 2.36% followed by Auto down by 1.80% and Oil & Gas declined by 1.46%.

Among the 30 Sensex stocks, 22 shares in red. Jindal Steel surged by 2.34%, followed by HUL up by 1.99% and BHEL gained by 1.37%. On the other side, Reliance Infrastructure was the major loser, down by 8.78%, Reliance Communications and Jaiprakash Associates slipped by 8.21% and 4.10% respectively.

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Markets celebrate V-day; Sensex ends 475 pts up

It was a lovely day on the Dalal Street, with the key benchmark indices climbing higher all throughout the day. The markets carried the Friday’s rally in today’s trade with strong support from the global frontiers owing to easing concerns in Egypt. The Nifty closed above the 5400-mark for the first time in the last eight sessions on account of buying in all sectors. The Sensex too closed above the 18000 mark. A marginal dip in inflation for the month of January 2011 to 8.23% versus 8.43% seen in the month of December 2010 also boosted sentiments.
The Sensex rises 474 points higher to close at 18202 and the Nifty ends 146 points up, at 5456.

Terror Thursday.. Sensex lose 454 points, Nifty lose 137 points

Bears were charged up all through the day and dragged the Indian markets to end today's session deep in red. A massive sell-off was seen across the board as investors pressed the panic button citing reasons like political instability and series of scams. Fears of foreign fund withdrawals in the absence of any positive trigger also led the Indian markets fall drastically.

The Sensex shed more than 500 points during the day. The Nifty closed below 5800 - another psychologically important level, which even tested 5750 level in an intraday trade. Several stocks locked at lower circuits, which pushed the BSE Midcap and Smallcap indices down by 4.48% & 5.92%, respectively.

Financial, metal, realty, telecom, oil & gas and auto companies' shares took heavy beating on the exchanges followed by Midcaps and Smallcaps as well. Broader indices saw big crack today, in fact more than benchmarks. In Midcap space, StanChart IDR, Amara Raja Batteries, Kirloskar Brothers, IRB Infrastructure and Den Networks gained between 0.5-2.5% while Glodyne Technoserve Developers, Sunteck Realty, Amtek Auto, Hindustan Oil Exploration, KS Oils and Gitanjali Gems crashed in the range of 12.5-20%.

The Sensex began the session 50 points higher at 19746 and soon hit the day's high of 19771 in initial trade. The index slipped from the day’s high and traded in the negative zone all through the morning session. The Sensex continued its southbound journey in the afternoon session owing to heavy selling across the board. In late trade, the Sensex hit the day’s low of 19161 as huge sell-off was witnessed especially in consumer durables and realty stocks.

At finishing line, the Sensex closed at 19242, down by 454 points and the Nifty shut 137 points lower, at 5767.

Bond & Rupee update: India’s 10-year bonds dropped for a second day before the central bank buys back Rs120 billion ($2.7 billion) of securities to ease a cash crunch in the banking system.

Rally continues; Sensex up 329 points, Nifty up 98 points.

Bulls continued its strong run for the third straight day as the Indian markets witnessed a stellar rally in today’s trade led by upbeat economic data across the globe. World markets rose after China posted better-than-expected factory production data in November - rising to a seven-month high at 55.2, factory production in India also expanded in November at its fastest pace in six months, while euro zone manufacturing grew at its quickest rate in four months. Strong auto sales numbers by top Indian auto firms also supported the rally. The broad markets outperformed the key benchmark indices in today’s trade. The Nifty regained its psychological levels of 5900. The buying was seen in all sectors.

The BSE Midcap rose by 2.5% and BSE Smallcap surged by 3%. Among frontliners, Suzlon Energy, Reliance Capital, Cipla, Tata Steel, Bharat Petroleum Corporation, Hindalco Industries, Reliance Communications and State Bank of India were the major gainers.

The Sensex started the day mere nine points higher at 19530 tracking unsupportive Asian markets. The index hit the day’s low of 19525 in its initial trade. The Sensex gathered momentum and traded in the positive zone all through the morning session. The Sensex extended gains in the afternoon trade taking lead from the positive European markets. The Sensex hit the day’s high of 19887 in the late trade as strong buying was witnessed in metal, realty stocks and also in index heavyweights.

At the finishing line, the Sensex closed at 19850, higher by 329 points. The Nifty shut at 5961, up by 98 points.

Housing scam: CBI issues notices to 21 cos

The Central Bureau of Investigation (CBI) issued notices to 21 companies, which allegedly received loans from public sector banks and financial institutions.
The move comes a day after the agency arrested the CEO of LIC Housing Finance and seven others in the multi-crore housing scam and trading of insider information on companies.
The central agency has asked these companies to provide all documents relating to the case. They been asked to explain the benefits they received and favours that were extended to the arrested officials by them.

The agency claims the companies that allegedly benefited from the scam include Mantri Realty, Sigrun, Entertainment World, Indore City Treasure, Lavasa, Ashapura Minechem, BGR Energy, OPG Group, Krishna Group, Suzlon, Emaar-MGF, MBDB, Gold Souk Project and Jaypee Group.
In the FIR registered by CBI in Mumbai, the agency claimed that Naresh Chopra, LIC's secretary (investment), leaked information about companies like Adani group, J P Hydro, JSW Power, Religare, DB Realty, Pantaloons, Adalite and MTech, that allegedly benefited from the scam.
At 9.51 am, LIC Housing Finance was trading at Rs1001, down by 5.40%, with a volume of 10.05 lakh shares on the BSE.
DB Realty was trading at Rs211.75, down by 9.99%, with a volume of 0.21 lakh shares on the BSE.