Market Commentary   

Market Activity: Key share indices opened weak today as Asian

markets kept sentiment subdued. Sensex and Nifty were down nearly 1% each. The 3% gains registered in the previous session could not be sustained as traders refrained from building fresh positions due to weak sentiment. 

At 10.10AM, Sensex was at 15620.58, down 136.53 points or 0.8%. Nifty was at 4728.70, down 32.45 points or 0.7%.  

BHEL was up nearly 2% after being battered in the last one month. Sterlite Industries was up 3% and HDFC Bank gained 1%. Tata Communications, down 8%, was the worst hit on Nifty after a court in Hague ruled Tata Communications must give Flag Telecom access to its landing station in Mumbai. Larsen & Toubro and Grasim Industries were down 2% each. 

In the mid trading session, Key share indices were down 1.3% as Asian markets remained weak and European markets fell around 1% after opening. At 2PM, Sensex was at 15560.18, down 196.90 points, or 1.3%, from Monday’s close. Nifty was trading at 4698.65, down 62.55 points, or 1.3%. Mid-cap shares bucked the weak market trend. CNX Mid-cap index was up 1%. Tata Communications extended its fall and was down 9%. SAIL and Wipro fell 5% each. Larsen & Toubro was down 5% despite winning orders worth Rs 16.8 bn. BHEL, up 5%, was the top Nifty gainer. Sterlite Industries rose 2%. 

Key share indices ended down over 1% today as weak Asian and European markets weighed on shares, and as investors booked profits after the 3% rise in the previous session. Sensex ended at 15587.62, down 169.46 points, or 1.1% from Monday’s close. Nifty closed at 4709.65, down 51.55 points, or 1.1%. Tata Communications was the worst hit on Nifty, falling 11.5% to end at Rs 479.30. Capital goods shares were among laggards. Larsen & Toubro fell 5% to Rs 2,580.20 despite the company winning a Rs 16.87 bn order. Information technology shares also shed some value in line with their global peers. Wipro was down 5%, while Infosys Technologies and Tata Consultancy Services fell 2% each. Bharat Heavy Electricals was the top Nifty gainer, ending up 4.4% at Rs 1,708 on short covering. 

Exchange Traded Volumes

Sector Activity : 

Tech stocks witnessed down trend with exception: Infosys closed down Rs 1466.95 with volumes of Rs 227.75 crs, Satyam closed down at Rs 430.40 with volumes of Rs 128.19 crs, TCS closed down at Rs 887.35 with volumes of Rs 89.80 crs, and TechM closed up at Rs 829.25 with volumes of Rs 45.43 crs.

Pharma stocks showed mixed trend: Orchid Chemical closed up at Rs 240.10 with volumes of Rs 832.11 crs, Ranbaxy closed down at Rs 472.15 with volumes of Rs 56.38 crs, Glenmark closed up at Rs 523.55 with volumes of Rs 42.59 crs, and Sun Pharma closed down at Rs 1268.25 with volumes of Rs 31.11 crs.

Banking stocks closed up: In the Public Sector SBI Bank up at Rs 1674.30 with volumes Rs 214.82 crs & Bank of India closed up at Rs 298.30 with volumes Rs 81.73 crs. In the Private sector ICICI Bank closed up at Rs 814 with volume of Rs 378.22 crs & Kotak Bank closed up at Rs 642.25 with volumes of Rs 140.18 crs.

Auto Stocks ended in Red: Tata Motors closed up at Rs 607.65 with volumes of Rs 35.52 crs & Tata Motors closed down at Rs 629.60 with volumes of Rs 30.39 crs. While in the 2 wheeler segment stocks, Hero Honda closed down at Rs 739.50 with volumes of Rs 19.80 crs, Bajaj Holding closed down at Rs 670 with volumes of Rs 4.37 crs.

Cement Stocks showed negative activity with exception: ACC closed down at Rs 825.35 with volumes of Rs 39.72 crs, Ambuja Cem closed flat at Rs 118.05 with volumes of Rs 26.52 crs, India Cement closed down at Rs 182.25 with volumes of Rs 14.25 crs and Prism Cement closed down at Rs 41.75 with volumes of Rs 3.16 crs.                      

Nifty ended at 4710 down by 52 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

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Market Commentary

Market Activity: Key shares indices gave up most gains made at

open on decline in shares of capital goods companies and Tata Steel. Rise in key Asian markets provided support.

At 10.10AM, Sensex was at 15351.43, up 8.58 points or 0.1%. Nifty was at 4653.05, up 5.80 points or 0.1%. The key indices were up 1% at open.

ICICI Bank, Wipro and Ranbaxy Laboratories, up 2% each, were top Nifty gainers. BHEL and ABB shares were down 4% each. Tata Steel fell 2%. Sita Shree Food Products listed at Rs 35 on NSE, against an issue price of Rs 30. The stock was trading at Rs 43.

In the mid trading session, indices extended gains, rising 3%, as Asian markets remained firm and European markers opened nearly 1% up. Information technology and FMCG shares were the top gainers. At 2.10PM, Sensex was at 15772.42 points, up 433.71 points, or 2.9%, from Friday. Nifty was 4776.00 points, up 129.45 points, or 2.8%. ITC, Ranbaxy and NALCO, up 6% each, were the top Nifty gainers. Frontline banks like State Bank of India and ICICI Bank rose 5%. Bharti Airtel was up 5% on reports the company is looking for acquisitions in emerging markets. BHEL, ABB and Maruti Suzuki remained laggards, down 2% each.

Key share indices ended up nearly 3% as investors covered short positions built last week. Firm cues from overseas markets also helped. Sensex ended at 15757.08, up 413.96 points or 2.7%. Nifty ended at 4761.20, up 114.20 points or 2.5%. Banks and FMCG shares were top gainers. ICICI Bank rose over 6% and ITC ended up 5%. Ranbaxy Laboratories gained 6%. Ranbaxy promoters’ group company Solrex Pharma has bought 8% stake in Orchid Chemicals. Orchid Chemicals ended up 23%. Sita Shree Food Products ended at Rs 44 after listing at Rs 35. Siemens down 2%, and Hero Honda Motors down 1%, were the worst hit on Nifty.

Sector Activity :

Tech stocks witnessed up trend: Infosys closed up Rs 1492.05 with volumes of Rs 304.29 crs, Satyam closed up at Rs 432.45 with volumes of Rs 132.37 crs, TCS closed up at Rs 904.10 with volumes of Rs 83.09 crs, and Educomp closed up at Rs 3694.40 with volumes of Rs 60.77 crs.

Pharma stocks showed positivity: Orchid Chemical closed up at Rs 207.20 with volumes of Rs 348.29 crs, Ranbaxy closed up at Rs 484.45 with volumes of Rs 145.34 crs, Sun Pharma closed up at Rs 1276.60 with volumes of Rs 50.83 crs, and Cipla closed up at Rs 215 with volumes of Rs 16.85 crs.

Banking stocks hogged the limelight: In the Public Sector SBI Bank up at Rs 1673.40 with volumes Rs 174.51 crs & Bank of India closed up at Rs 294.80 with volumes Rs 45.23 crs. In the Private sector ICICI Bank closed up at Rs 811.30 with volume of Rs 344.63 crs & Kotak Bank closed up at Rs 629.15 with volumes of Rs 91.15 crs.

Auto Stocks ended positive with exception: Tata Motors closed up at Rs 632.05 with volumes of Rs 67.22 crs & M&M closed up at Rs 615.10 with volumes of Rs 39.80 crs. While in the 2 wheeler segment stocks, Hero Honda closed down at Rs 750.05 with volumes of Rs 12.61 crs, Bajaj Holding closed up at Rs 676.70 with volumes of Rs 1.96 crs.

Cement Stocks showed positive activity with exception: ACC closed up at Rs 832.60 with volumes of Rs 40.55 crs, India Cem closed up at Rs 189.30 with volumes of Rs 22.64 crs, Ambuja Cement closed down at Rs 118.05 with volumes of Rs 13.07 crs and Prism Cement closed up at Rs 42.80 with volumes of Rs 7.7 crs.

Nifty ended at 4761 up by 114 points

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Market Commentary
Market Activity: Key share indices recouped losses in choppy

trade to rise nearly 1% after having slipped into red soon after a positive opening.  

At 10.10AM, Sensex was at 15876.95, up 126.55 points, or 0.8%, from Wednesday. Nifty was at 4792.35, up 38.15 points, or 0.8%. 

Tata Motors rose nearly 2% on reports the company plans to list depositary receipts on Tokyo Stock Exchange to raise over 100 bn yen (Rs 39 bn). Mahindra and Mahindra was also up 1% on news the company’s consortium plans to buy 100% stake in an Italian company Metalcastello SpA. DLF, up over 2%, was the top Nifty gainer. Gammon Infrastructure Projects listed at Rs 170 on NSE against an issue price of Rs 167. Laggards included ACC and Cipla, down 1% each. ABB, down over 1%, was the worst hit on Nifty. 

In the mid trading session, Market was choppy on lack of clear direction from Overseas. Key European markets had slipped into the red, while Asian markets were still trading in the positive territory. At 2.25PM, Sensex was at 15780.49, up 7.15 points, or 0.2%, from Wednesday. Nifty was at 4765.40, up 11.45 points, or 0.2%. Capital goods and power shares were among the worst hit. Reliance Energy fell 4%, while Bharat Heavy Electricals was down 6% after reporting lower-than-expected 2007-08 (Apr-Mar) net profit. Wipro, up 5%, and Dr. Reddy’s Laboratories, up 3%, were among top gainers on Nifty. 

Key share indices ended up after a volatile session in the absence of clear cues from global markets. Asian markets ended up today, while key European markets were trading down. Sensex ended at 15832.55, up 82.15 points, from Wednesday. Nifty closed at 4771.60, up 17.40 points, Shares of capital goods companies were the worst hit, with Bharat Heavy Electricals ending down over 5% on lower-than-expected 2007-08 (Apr-Mar) earnings. ABB had also slipped over 5% at close. Technology shares gained on defensive buying. Wipro was the top Nifty gainer, closing up over 5%. Satyam Computer also ended over 5% up, Infosys Technologies gained 3%, and HCL Technologies rose 1%. Power shares ended in the red, led by Suzlon Energy, down over 4%, followed by Reliance Energy, down 3%, and Tata Power, down 2%. 

Sector Activity : 

Tech stocks showed up trend with exception: Satyam closed up Rs 430.10 with volumes of Rs 231.87 crs, Infosys closed up at Rs 1522.50 with volumes of Rs 185.26 crs, TCS closed up at Rs 885.40 with volumes of Rs 72.17 crs, and Educomp closed down at Rs 3416.85 with volumes of Rs 57 crs. 

Pharma stocks closed positive trend: Orchid Chemical closed up at Rs 174.80 with volumes of Rs 165.76 crs, Sun Pharma closed up at Rs 1268.95 with volumes of Rs 35.43 crs, Dr Reddy closed up at Rs 617.15 with volumes of Rs 25.31 crs, and Cipla closed up at Rs 220 with volumes of Rs 20.44 crs.

Banking stocks witnessed positivity with exception: In the Public Sector SBI Bank down at Rs 1639.05 with volumes Rs 99.23 crs & Bank Of India closed up at Rs 283.10 with volumes Rs 55.44 crs. In the Private sector ICICI Bank closed up at Rs 786.75 with volume of Rs 211.52 crs & HDFC Bank closed up at Rs 1331.15 with volumes of Rs 76.97 crs.

Auto Stocks ended up with exception: Tata Motors closed down at Rs 629.20 with volumes of Rs 55.72 crs & M&M closed up at Rs 645.15 with volumes of Rs 33.75 crs. While in the 2 wheeler segment stocks, Bajaj Holding closed up at Rs 687.30 with volumes of Rs 16.60 crs, Hero Honda closed up at Rs 749.85 with volumes of Rs 11.13 crs.

Cement Stocks showed mixed activity: ACC closed down at Rs 826.90 with volumes of Rs 48.43 crs, India Cem closed down at Rs 186.05 with volumes of Rs 19.74 crs, Ambuja Cement closed up at Rs 121.60 with volumes of Rs 9.79 crs and Mysore Cement closed up at Rs 34.95 with volumes of Rs 62 crs.                   

Nifty ended at 4772 up by 18 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
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  Market Commentary
 

Market Activity: Key share indices were up over 3% today

tracking the rise in overseas markets. At 10.15AM, Sensex crossed the 16000 mark and was at 16147.08, up 520.46 points, or 3.4%, from Tuesday. Nifty was at 4884.55, up 145.00 points, or 3.1%. 

All Sensex and Nifty shares rose, with bank shares leading gains. ICICI Bank, up 6%, was the top Nifty gainer, while SBI was up 5%. CNX Mid-cap and S&P CNX 500 indices also climbed around 3% each. 

In the mid trading session, Market was off highs with Sensex down over 250 points from the day’s high as investors booked profits. Sensex and Nifty were up nearly 2% compared with 4% gains in early trade. At 12.35PM, Sensex was at 15970.50, up 343.88 points or 2.2%. Nifty was at 4833.10, up 93.80 points or 2%. Financial shares were top gainers after being notable laggards in the last few sessions. ICICI Bank was up 5% and HDFC rose 4%. Tata Steel, Reliance Energy and BHEL, down around 1% each, were major laggards on Nifty. 

Key share indices ended up but off highs as investors locked in profits. Sensex ended at 15750.40, up 123.78 points or 0.6% from Tuesday. Nifty closed at 4754.20, up 14.65 points or 0.3%. Metal and FMCG shares declined, with Tata Steel falling 3% and Hindustan Unilever down 1%. Reliance Energy, down over 5%, was the worst hit on Nifty. Bank shares held on to gains. ICICI Bank and State Bank of India ended up 4% and 2%, respectively. Hero Honda Motors, up 5%, was the top Nifty gainer. 

Sector Activity : 

Tech stocks showed up trend with exception: Infosys closed up Rs 1482.80 with volumes of Rs 206.42 crs, Satyam closed up at Rs 408.40 with volumes of Rs 93.73 crs, Educomp closed down at Rs 3549.35 with volumes of Rs 48.68 crs, and Wipro closed up at Rs 415.25 with volumes of Rs 30.66 crs. 

Pharma stocks closed mixed trend: Orchid Chemical closed down at Rs 159.45 with volumes of Rs 98.12 crs, Sun Pharma closed up at Rs 1237.50 with volumes of Rs 27.77 crs, Ranbaxy closed up at Rs 448.15 with volumes of Rs 23.53 crs, and Cipla closed up at Rs 219 with volumes of Rs 21.16 crs.Banking stocks showed buying opportunity: In the Public Sector SBI Bank up at Rs 1656.20 with volumes Rs 150 crs & Bank Of India closed up at Rs 281.85 with volumes Rs 75.41 crs. In the Private sector ICICI Bank closed up at Rs 784.55 with volume of Rs 369.52 crs & AXIS Bank closed up at Rs 744.60 with volumes of Rs 139.13 crs. Auto Stocks witnessed positive trend with exception: Tata Motors closed up at Rs 635.75 with volumes of Rs 61.54 crs & M&M closed up at Rs 666.70 with volumes of Rs 23.63 crs. While in the 2 wheeler segment stocks, Hero Honda closed up at Rs 740.35 with volumes of Rs 22.06 crs, Bajaj Holding closed down at Rs 650.10 with volumes of Rs 17.43 crs.

Cement Stocks ended up with exception: ACC closed up at Rs 838.80 with volumes of Rs 25.18 crs, India Cem closed up at Rs 191.05 with volumes of Rs 18.93 crs, Ambuja Cement closed down at Rs 120.45 with volumes of Rs 4.89 crs and Birla jute closed up at Rs 199.70 with volumes of Rs 1.58 crs.       

Nifty ended at 4754 up by 15 points 

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone:91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
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Email: customercare@krchoksey.com / eservices@krchoksey.com

  
Market Commentary

Market Activity: Key shares were up 1% at open on firm cues from overseas markets. At 10.13AM, Sensex was at 15805.77, up 161.33 points, or 1%, from Monday. Nifty was at 4773.50, up 39.00 points, or 0.8% after briefly slipping into red. However, some heavyweights like Tata Steel and Bharti Airtel declined around 2% each in choppy trade. Bharat Heavy Electricals, down nearly 2.5%, was the worst hit on Nifty. Cairn India, up 2%, was the top Nifty gainer, while Hero Honda Motors rose nearly 2% after its two-wheeler sales rose 15% on year in March.

In the mid trading session, The market extended gains in afternoon trade as buying continued in index pivotals. After opening on a firm note, market had lost ground by early afternoon trade only to recover helped recovery in index heavyweights Reliance Industries (RIL) and ICICI Bank. Trading was choppy. The market breadth was strong. 20 shares from the 30-member Sensex pack advanced.

 Positive cues from Asian and European markets propelled the market higher today. The rally raised hopes that the market might have bottomed out after a recent steep fall. The market today shrugged off a surge in inflation and overnight slide in US stocks. Capital goods stocks soared at the fag end of the session, followed by metal and IT stocks.  

Sector Activity : 

Tech stocks showed down trend with exception: Infosys closed down Rs 1423.05 with volumes of Rs 112.73 crs, Satyam closed up at Rs 398.90 with volumes of Rs 100.21 crs, Educomp closed down at Rs 3624 with volumes of Rs 791 crs, and Wipro closed down at Rs 409.40 with volumes of Rs 711.11 crs. 

Pharma stocks closed up with exception: Sun pharma closed down at Rs 1199.95 with volumes of Rs 50.23 crs, Ranbaxy closed up at Rs 446.05 with volumes of Rs 16.40 crs, Dr.Reddy closed up at Rs 592.80 with volumes of Rs13.63crs, and Cipla closed up at Rs 220.30 with volumes of Rs 12.85 crs.Banking stocks closed mixed: In the Public Sector SBI Bank up down at Rs 1623.20 with volumes Rs 146.13 crs & Bank Of India closed up at Rs 264.10 with volumes Rs 53.17 crs. In the Private sector ICICI Bank closed down at Rs 757.75 with volume of Rs 357.90 crs & AXIS Bank closed down at Rs 721.65 with volumes of Rs 122.94 crs.

Auto Stocks closed mixed: M&M closed down at Rs 650.40 with volumes of Rs 53.39 crs & TATA Motors closed up at Rs 628.20 with volumes of Rs 39.18 crs. While in the 2 wheeler segment stocks, Bajaj Holding closed down at Rs 656.85 with volumes of Rs 73.15 crs, Hero Honda closed up at Rs 704.05 with volumes of Rs 18.94 crs.

Cement Stocks closed down with exception: ACC closed down at Rs 824.70 with volumes of Rs 21.16 crs, Indiacem closed down at Rs 186 with volumes of Rs 10.07 crs, Ambuja Cement closed down at Rs 120.55 with volumes of Rs 9.86 crs and Birla jute closed up at Rs 199.10 with volumes of Rs 3.69 crs.           

Nifty ended at 4735 down by 208 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

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Market Commentary   

Market Activity: Key share indices were down over 1% on weak cues from overseas markets.

 At 10.10AM, Sensex was at 16103.25, down 268.04 points, or 1.6%, from Friday. Nifty was at 4879.15, down 62.85 points, or 1.3%.  

All BSE sector indices fell, with sectors like bank and real estate among the worst hit as inflation rose to 6.68% for the week to Mar 15. Infosys Technologies and ICICI Bank fell 4% each. Unitech was down 2%. Cairn India shares dropped 5%. The stock was the worst hit on Nifty after it reported a standalone net loss of Rs 788.2 mn for year ended December. Cipla, up nearly 3%, and Tata Power and ONGC, up 1% each, were among rare gainers on Nifty.  

In the mid trading session, Market extended losses midway through the session, shedding 4% on heavy selling in bank and information technology shares. Concern that the sharp rise in domestic inflation would dent growth and news the Institute of Chartered Accountants of India has asked companies to disclose all losses on derivatives contracts for the current financial year ending today dampened the sentiment here. At 1.15PM, Sensex was at 15733.18, down 645.15 points or 3.9% from Friday’s close. Nifty was at 4761.95, down 180.05 points or 3.7%. Frontline pharmaceutical shares gained on value buying. Cipla was up 2% and Ranbaxy Laboratories rose 1%. Hero Honda, up 3%, was the other major Nifty gainer. HDFC Bank shed 7.5% and ICICI Bank was down 7% on fears of interest rate hike, while Infosys Technologies and TCS shed 6% each as the rupee rose against the greenback. 

Key shares ended down over 4% as bank, technology and real estate shares fell. Weak cues from overseas markets also weighed. Sensex closed at 15644.44, down 726.85 points, or 4.4%, from Friday. Nifty ended at 4734.50, down 207.50 points, or 4.2%. All BSE sector indices ended in the red as the possibility of a rate hike following sharp rise in inflation to 6.68% for the week to Mar 15 spooked markets, causing interest-rate sensitive sectors to fall the most. ICICI Bank and DLF ended down 8% and 7%, respectively. Tata Communications, down 9%, was the worst hit on Nifty. Cipla, up nearly 1%, was the sole Nifty gainer. Apart from Sensex and Nifty shares, CNX Mid-cap index ended down 2%, while S&P CNX 500 index dropped nearly 4%. 

Sector Activity :

Tech stocks showed down trend: Infosys closed down Rs 1439.90 with volumes of Rs 361.40 crs, Satyam closed down at Rs 396.35 with volumes of Rs 114.27 crs, TCS closed down at Rs 810.45 with volumes of Rs 83.14 crs, and Educomp closed down at Rs 3823.95 with volumes of Rs 65.23 crs. 

Pharma stocks witnessed mixed trend: Orchid Chemical closed up at Rs 161.40 with volumes of Rs 305.35 crs, Ranbaxy closed down at Rs 438.45 with volumes of Rs 43.28 crs, Cipla closed up at Rs 220 with volumes of Rs 35.72 crs, and Sun Pharma closed down at Rs 1229.35 with volumes of Rs 27.54 crs.Banking stocks ended in Red: In the Public Sector SBI Bank closed down at Rs 1600.25 with volumes Rs 167.13 crs & Bank Of India closed down at Rs 253.25 with volumes Rs 38.38 crs. In the Private sector ICICI Bank closed down at Rs 769.40 with volume of Rs 396.29 crs & HDFC Bank closed down at Rs 1331.25 with volumes of Rs 156.42 crs. Auto Stocks closed mixed: Tata Motors closed down at Rs 622.70 with volumes of Rs 73.02 crs & M&M closed up at Rs 697.05 with volumes of Rs 59.88 crs. While in the 2 wheeler segment stocks, Bajaj Holding closed up at Rs 691.50 with volumes of Rs 29.96 crs, Hero Honda closed down at Rs 694.55 with volumes of Rs 16.73 crs.

Cement Stocks showed negative trend: India Cement closed down at Rs 186.80 with volumes of Rs 36.08 crs, ACC closed down at Rs 826.15 with volumes of Rs 31.62 crs, Ambuja Cement closed down at Rs 121.05 with volumes of Rs 22.13 crs and Madras Cement closed down at Rs 3349.30 with volumes of Rs 1.75 crs.                     

Nifty ended at 4735 down by 208 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com

Market Commentary

Market Activity: Key share indices were up 0.5%, after having risen nearly 1% earlier on gains in power, metal and realty companies.

At 10.15AM, Sensex was 16075.07, up 59.51 points, or 0.5%, from Thursday. Nifty was at 4852.45, up 22.20 points, or 0.4%.

The biggest Nifty gainers were Suzlon Energy, up 5%, and Tata Steel, up over 6%. Among laggards, Hindustan Unilever fell 2% and ICICI Bank was down 3%. Tata Motors remained weak for the second straight session as its buy of Jaguar and Land Rover brands from Ford Motor Co at $2.3 bn will weigh on the company’s balance sheet in the short-term. CNX Mid-cap index rose 1.2% and BSE Small-cap was up nearly 2%. ONGC was down over 3% on reports the company is on the verge of reporting losses on every barrel it sells due to higher subsidy burden.

In the mid trading session, indices recouped losses after falling nearly 1% after inflation for the week to Mar 15 rose sharply above expectations to 6.68% from 5.92% a week ago. At 12.35PM, Sensex was at 16063.64, up 48.08 points, or 0.3%, from Thursday. Nifty was at 4847.10, up 17.15 points, or 0.3%. Bank shares fell amid concern high inflation thwarts the possibility of an interest rate cut by the Reserve Bank of India. ICICI Bank and HDFC Bank, down 3% and 4%, respectively, were the worst hit on Nifty. Gainers included Tata Steel and Suzlon Energy, up around 5% each.

Key share indices ended up over 2% on short covering in some counters and value buying in others. A positive trend in Asian and European shares also helped investors shrug off a rise in inflation rate to above 6%. Sensex ended at 16371.29, up 355.73 points or 2.2% from Thursday. Nifty ended at 4942, up 111.75 points or 2.3%. Investors lapped up shares of metal, capital goods and IT companies. All BSE sector indices gained. CNX Mid-cap index ended up 3.5% and BSE Small-cap rose 5%. Suzlon Energy, up 11.5%, was the biggest Nifty gainer on short covering. HDFC Bank dropped 2% and Tata Motors was down 2%.

Sector Activity :

Tech stocks showed up trend: Infosys closed up Rs 1521.20 with volumes of Rs 220.59 crs, Satyam closed up at Rs 408.65 with volumes of Rs 86.29 crs, TCS closed up at Rs 871.05 with volumes of Rs 78.63 crs, and Educomp closed up at Rs 3941.60 with volumes of Rs 68.81 crs.

Pharma stocks witnessed positivity with exception: Orchid Chemical closed up at Rs 144.40 with volumes of Rs 135.37 crs, Ranbaxy closed up at Rs 438.65 with volumes of Rs 62.72 crs, Dr Reddy closed up at Rs 592.60 with volumes of Rs 30.38 crs, and Sun Pharma closed down at Rs 1252.40 with volumes of Rs 20.86 crs.

Banking stocks ended up with exception: In the Public Sector SBI Bank closed up at Rs 1677.80 with volumes Rs 211.46 crs & PNB closed up at Rs 530.30 with volumes Rs 43.08 crs. In the Private sector ICICI Bank closed up at Rs 835.50 with volume of Rs 481.74 crs & Kotak Bank closed down at Rs 673.50 with volumes of Rs 101.61 crs.

Auto Stocks closed positive with exception: Tata Motors closed down at Rs 646.05 with volumes of Rs 148.20 crs & M&M closed up at Rs 692.50 with volumes of Rs 24.75 crs. While in the 2 wheeler segment stocks, Bajaj Holding closed up at Rs 687.50 with volumes of Rs 56.44 crs, Hero Honda closed up at Rs 700.30 with volumes of Rs 11.07 crs.

Cement Stocks showed up trend with exception: ACC closed up at Rs 838.55 with volumes of Rs 38.95 crs, India Cement closed down at Rs 194 with volumes of Rs 22.90 crs, Ambuja Cement closed up at Rs 123.70 with volumes of Rs 7.46 crs and Madras Cement closed up at Rs 3388.75 with volumes of Rs 3.04 crs.

Nifty ended at 4942 up by 112 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com / eservices@krchoksey.com

Market Commentary

Activity: Key share indices were down nearly 1% as investor’s unwound positions on March derivatives contracts expiry today.

At 10.15AM, Sensex was 15945.96, down 140.87 points, or 0.9%, from previous close. Nifty was at 4822.70, down 18.40 points, or 0.4%.

Tata Motors fell 3% on concerns the company’s buy of Jaguar and Land Rover brands from Ford Motor Co for $2.3 bn will weigh on the company’s earnings for at least a couple of years. Among gainers, NALCO and Hindalco Industries gained 3% each. Suzlon Energy and HDFC Bank fell 3% each. CNX Mid-cap index fell 0.6%, while BSE Small-cap index was up 0.2%.

In the mid trading session, indices were trading mixed after recouping losses, helped by firm European markets. At 3PM, Sensex was at 16048.80, down 38.03 points, or 0.3%, from Wednesday after momentarily stepping into positive territory. Nifty was at 4835.55, up 6.70 points, or 0.1%. Real estate, metal, and FMCG shares led gains. Hindalco rose nearly 7%, while NALCO was up nearly 5%. Unitech and ITC rose 6% and 2%, respectively. Laggards included technology and auto shares. Tata Motors was down 4%, while HCL Technologies, down 6%, was the worst hit on Nifty.

Key share indices ended off lows on gains in heavyweights like Hindustan Unilever and Unitech up 4% each. Trade was volatile as investors rolled over outstanding positions to the April series on expiry of March derivatives contracts today. Sensex closed at 16015.56, down 71.27 points, from previous close. Nifty ended at 4830.25, up 1.40 points, or flat. HCL Technologies and Satyam Computer Services ended down 5% each. IT shares were the worst hit today. CNX Mid-cap index ended down 0.4%, while CNX Small-cap index bucked the weak trend, rising over 1%.

Sector Activity :

Tech stocks showed down trend with exception: Infosys closed down Rs 1441.75 with volumes of Rs 303.97 crs, TCS closed down at Rs 852.50 with volumes of Rs 132.05 crs, Satyam closed down at Rs 395.55 with volumes of Rs 123.34 crs, and Wipro closed up at Rs 429.45 with volumes of Rs 58.74 crs.

Pharma stocks witnessed positivity with exception: Sun Pharma closed up at Rs 1255.15 with volumes of Rs 171.99 crs, Ranbaxy closed down at Rs 433.45 with volumes of Rs 68.78 crs, Cipla closed up at Rs 212.75 with volumes of Rs 60.10 crs, and Orchid Chemical closed up at Rs 126.65 with volumes of Rs 48.83 crs.

Banking stocks ended in Red: In the Public Sector SBI Bank closed down at Rs 1646.60 with volumes Rs 356.11 crs & Bank Of India closed down at Rs 262.90 with volumes Rs 39.43 crs. In the Private sector ICICI Bank closed down at Rs 843.55 with volume of Rs 464.60 crs & HDFC Bank closed down at Rs 1433.20 with volumes of Rs 122.74 crs.

Auto Stocks closed mixed trend: Tata Motors closed down at Rs 655.35 with volumes of Rs 265.33 crs & M&M closed up at Rs 683.15 with volumes of Rs 46.10 crs. While in the 2 wheeler segment stocks, Hero Honda closed up at Rs 686.05 with volumes of Rs 48.33 crs, Bajaj Holding closed down at Rs 617.85 with volumes of Rs 13.69 crs.

Cement Stocks witnessed positive trend with exception: ACC closed up at Rs 823.15 with volumes of Rs 47.30 crs, Ambuja Cement closed up at Rs 122.85 with volumes of Rs 31.14 crs, India Cement closed up at Rs 194.80 with volumes of Rs 18.41 crs and Dalmia Cement closed down at Rs 279.10 with volumes of Rs 17.71 crs.

Nifty ended at 4830 up by 1 point

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com
eservices@krchoksey.com

Market Commentary

Market Activity: Key share indices slipped marginally and trade was choppy as Asian markets remained mixed and rolled over outstanding positions to the April derivatives series.

At 10.15AM, Sensex was 16180.15, down 37.34 points or 0.2% from Tuesday. Nifty was at 4861.90, down 15.60 points or 0.4%.

The biggest Nifty gainers were Sterlite Industries, up 5%, Hindalco Industries, up 3%, and GAIL India, up 2%. Bank shares were mixed with SBI rising 1% and ICICI Bank down 1.3%. BSE realty and metal indices rose 1% each. Sun Pharmaceutical Industries, down 2.5%, extended losses from Tuesday and SAIL was down 2%.

In the mid trading session, indices extended their fall, down 1%, as investors booked profits after the 6% rise in the previous session. Weak European indices also weighed on the market. At 2.18PM, Sensex was at 16068.83, down 148.66 points or 0.9% from Tuesday. Nifty was at 4827.45, down 50.05 points or 1%. Reliance Industries fell 2% while ICICI Bank and State Bank of India were down 4% and 1%, respectively. NALCO, down 6%, was the worst hit on Nifty. Tata Motors recouped losses and was up 0.4% ahead of a formal announcement on acquisition of Land Rover and Jaguar brands expected later today. PNB, up 2%, was the top Nifty gainer.

Key share indices ended down 1% today as investor’s unwound positions ahead of futures and options contracts expiry Thursday. A weak trend in Asian and European equities kept the mood cautious here. Sensex ended at 16086.83, down 130.66 points or 0.8% from Tuesday. Nifty ended at 4828.85, down 48.65 points or 1%. The biggest Nifty gainer was Tata Steel, up 4%, followed by Idea Cellular, up 3.4%, and HDFC, up 2.8%. Among Nifty laggards were NALCO, down 5%, and HCL Technologies, down 4.5%. Banks and oil and gas shares were the biggest laggards. However, mid-cap and small-cap share bucked the weak trend and the BSE mid-cap and small-cap indices rose 1-2%.

Sector Activity :

Tech stocks showed up trend with exception: Infosys closed up Rs 1499.50 with volumes of Rs 220.08 crs, Satyam closed up at Rs 414.15 with volumes of Rs 59.41 crs, TCS closed up at Rs 878.35 with volumes of Rs 47.62 crs, and Wipro closed down at Rs 428.70 with volumes of Rs 46.17 crs.

Pharma stocks witnessed negativity with exception: Orchid Chemical closed up at Rs 123.80 with volumes of Rs 77.14 crs, Sun Pharma closed down at Rs 1210.30 with volumes of Rs 61.72 crs, Ranbaxy closed down at Rs 449.15 with volumes of Rs 36.37 crs, and Dr Reddy closed down at Rs 575.30 with volumes of Rs 20.57 crs.

Banking stocks closed mixed: In the Public Sector SBI Bank closed down at Rs 1713.70 with volumes Rs 142.94 crs & Bank Of India closed up at Rs 267.25 with volumes Rs 56.77 crs. In the Private sector ICICI Bank closed down at Rs 843.95 with volume of Rs 361.41 crs & HDFC Bank closed up at Rs 1439.20 with volumes of Rs 177.09 crs.

Auto Stocks ended mixed: Tata Motors closed down at Rs 678.75 with volumes of Rs 119.84 crs & M&M closed down at Rs 679.55 with volumes of Rs 23.40 crs. While in the 2 wheeler segment stocks, Hero Honda closed up at Rs 679.60 with volumes of Rs 26.63 crs, Bajaj Holding closed up at Rs 650.30 with volumes of Rs 11.29 crs.

Cement Stocks showed mixed activity: ACC closed up at Rs 817.45 with volumes of Rs 30.45 crs, India Cement closed up at Rs 194.20 with volumes of Rs 18.61 crs, Ambuja Cement closed down at Rs 122.55 with volumes of Rs 10.58 crs and Madras Cement closed down at Rs 3175 with volumes of Rs 1.36 crs.

Nifty ended at 4829 down by 49 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com
Email: customercare@krchoksey.com
eservices@krchoksey.com

Market Commentary

Market Activity: Key share indices gained 2% led by bank, technology and FMCG shares. A positive trend is U.S. and Asian markets improved sentiment here.

At 10.24AM, Sensex was at 15281.21, up 286.38 points, or 1.9%, from Wednesday’s close. Nifty was at 4632.50, up 58.55 points, or 1.3%.

FMCG shares gained on reports companies may hike product prices. Heavyweights ICICI Bank and Reliance Industries recouped early losses and were up 6% and 0.1%, respectively. The biggest Nifty gainers were HDFC, up 6%, HCL Technologies, up 4%, and HDFC Bank, up 3%. Among the few laggards, Cairn India fell 5%, and Sterlite Industries was down over 2%.

In the mid trading session, indices had pared their early morning gains during the trade as participants resorted to profit booking at the higher levels. The overall market breadth was negative with losers outnumbering gainers by a ratio of 4.5 to 1 on the NSE. While software, banking and FMCG stocks were garnering investors’ interest, select auto, engineering, Pharma and metal stocks were reeling under selling pressure. At 1.00PM, Sensex was trading at 15,087, up 92 points while the Nifty was trading at 4,568, down 5 points. The rupee was trading at 39.88 to the dollar.

Key share indices ended up today amid choppy trade ahead of derivatives expiry Thursday. Shares of banks, software and FNCG companies were major gainers, while realty companies were worst affected. Sensex closed at 15289.40, up 294.57 points, or 1.9%, from Wednesday after moving between 15056.09 and 15351.31 intraday. Nifty ended at 4609.85, up 35.90 points, or 0.8%. It ranged between 4539.80 and 4649.45. HCL Technologies, up 9%, was the top Nifty gainer, which coupled with 6% and 3% rise in Wipro and Infosys Technologies, respectively, supported 1.8% rise in CNX IT Index. Shares of Cairn India and Tata Steel were worst hit on Nifty, down 8% and 7%, respectively.

Sector Activity :

Tech stocks ended positive with expection: Infosys closed up Rs 1360.45 with volumes of Rs 230.70 crs, TCS closed up at Rs 823.70 with volumes of Rs 68.15 crs, Satyam closed down at Rs 390.25 with volumes of Rs 62.08 crs, and Wipro closed up at Rs 398.70 with volumes of Rs 32.89 crs.

Pharma stocks witnessed down trend with exception: Sun Pharma closed up at Rs 1280.50 with volumes of Rs 82.76 crs, Orchid Chemical closed down at Rs 111.65 with volumes of Rs 69.58 crs, Ranbaxy closed down at Rs 446.45 with volumes of Rs 33.11 crs, and Cipla closed flat at Rs 206.30 with volumes of Rs 30.58 crs..

Banking stocks showed positive activity with exception: In the Public Sector SBI Bank closed up at Rs 1644.20 with volumes Rs 126.78 crs & Bank Of India closed up at Rs 244.75 with volumes Rs 24.69 crs. In the Private sector ICICI Bank closed up at Rs 802.20 with volume of Rs 595.63 crs & Axis Bank closed down at Rs 724.95 with volumes of Rs 93.53 crs.

Auto Stocks closed mixed: Tata Motors closed up at Rs 663.20 with volumes of Rs 70.83 crs & M&M closed up at Rs 667.80 with volumes of Rs 64.90 crs. While in the 2 wheeler segment stocks, Hero Honda closed down at Rs 647.70 with volumes of Rs 32.73 crs, Bajaj Holding closed down at Rs 593.40 with volumes of Rs 11.34 crs.

Cement Stocks showed buying opportunity: ACC closed up at Rs 804.65 with volumes of Rs 20.02 crs, India Cement closed up at Rs 171.90 with volumes of Rs 14.79 crs, Ambuja Cement closed up at Rs 124.45 with volumes of Rs 11.27 crs and Madras Cement closed up at Rs 3201 with volumes of Rs 1.91 crs.

Nifty ended at 4610 up by 36 points

Click here for A critical daily report from the Dealing Desk of the KRC Broking Division that provides our Investor Client with post-market analysis of the day with an action guide charted for the next day of trading. Good Evening KRC presents the technical viewpoint on the market and stocks and has been indexed into the following segments:
* Earning Idea: Technical calls for short term.
* Market Actions: News specific calls with expected action.
* F & O trading call: Derivative strategy for the day.
* Index Trend: Expected movement of the Sensex with range guidance.

Kisan Ratilal Choksey Shares and Securities Pvt. Ltd.
1102, Stock Exchange Tower, Dalal Street, Mumbai 400 001
Phone: 91-22-56338050 / 66965555. Fax: 5633 8060
Members: BSE & NSE
www.krchoksey.com