Friday, 31 May 2013

Top 10 Dailies: 31st May, 2013


Market Closed:
Sensex: 19760.30 (-455.10)
Nifty 5985.95 (-138.10)

Closing Summary, Market Synopsis: 31st May, 2013


The Indian benchmarks ended the day on a sharply negative note on May 31, 2013. After opening with a gap down, they started losing ground consistently. Towards the last hour of trade the selling gained further momentum. The market plunged on Friday as the fourth quarter GDP reading of 4.8 percent, while on expected lines, reinforced concerns that a meaningful recovery in the economy was still some way off. Economists, bankers and industrials said the latest GDP reading indicated that the worst may be over for the economy, but did not see growth picking up any time soon. Also, with the RBI again warning of inflation and current account, expectations of a steep cut in policy rates at the June meet is receding. Again, beginning of a new derivative settlement also helped bears to create a fresh position. All these led the Sensex to close at the level of 19763.20 i.e. down by 452.20 points and the Nifty to close at the level of 5985.95 i.e. down by 138.10 points. The midcap index and the small cap index closed in red with a loss of nearly one and three-tens of a percentage point and one and a half percentage point respectively. On the sectoral front, all indices, except one, closed in red. The IT Index was the only gainer with the gain of nearly nine-tens of a percentage point. On the other hand the Realty Index closed as the biggest loser with a loss of nearly three and two-tens of a percentage point. This was followed by the Oil and Gas Index which closed with the loss of nearly two and seven-tens of a percentage point.
Further, the market breadth closed negative as two stocks were seen advancing against seven declining stocks.

Commodity Market Update (Copper)



On CMX, precious metals were trading higher in the morning session but later on eased its gain and are trading in red at the time of writing this. Gold is trading lower at $1409.90, down by $2.10 or 0.14% and Silver futures fell 0.75% or 17 cents to trade at $22.52 per ounce. On LME, base metals are trading mixed with Copper losing more than half a percent or $38.75 to trade at $7265.00 after having tested a low of $7251.25 while Lead is gaining to $2165.0, up 0.24% or $5.25 per metric ton. On NYMEX, energy prices are trading lower since morning with Crude Oil trading at $92.85, down 0.85% or 80 cents while Natural Gas is trading at $4.01 with a minor decline of a cent or 0.20% per mmBtu.

Morning Summary, Market Synopsis: 31 st May 2013













The major Indian equity benchmarks started the day on a flat note with a negative bias on May 31, 2013.This was in spite of a flatish to positive  international cues. US markets closed modestly higher on Thursday on hopes of Fed continuing its bond purchase programme following tepid economic data. Europe too closed in the green. Asian Markets were mixed on  Friday morning, but Japan rebounded 2 percent. At 7: 52 am (IST) China's Shanghai Composite was flat at 2,317.30. Hong Kong's Hang Seng shed 0.25 percent or 55.14 points at 22,429.17. The Indian benchmarks started its downmove as soon as they opened. The selling pressure was strong as it was the first trading day of a new settlement. Again market men are also waiting for the fourth quarter’s GDP data to be announced today at 11.00 AM. Investors and policymakers will be closely watching India's fourth-quarter and full fiscal year 2012/13 gross domestic product (GDP) growth figures on Friday. This led the Sensex to trade near the level of 19981.43 i.e. down by 233.97 points & the Nifty to trade near the level of 6050.85 i.e. down by 73.80 points. The Midcap index and small cap index are both trading in red with the loss of nearly one fifth of a percentage point and seven basis points of a percentage point respectively. On the sectoral front, the indices are trading mixed but with negative bias. The IT Index is trading as the biggest gainer with the gain of three-tens of a percentage point. On the other hand, the FMCG Index is the biggest loser with the loss of one and two-third of a  percentage point. This is followed by the Bank  Index which is trading with the loss of one and three-tens of a percentage point.

Further, the market breadth opened negative as seven stocks were seen advancing against eight declining stocks.

Thursday, 30 May 2013

Closing Summary, Market Synopsis: 30th May, 2013











The Indian benchmarks ended the day on a slightly positive note on May 30, 2013. After opening with a gap down, they started gaining ground and towards the last hour of trade gained further momentum. Dealers attributed the late spike to squaring of short positions in the derivatives segment, today being the settlement day for May series. Action continued to be centered around earnings candidates in the absence of any other key trigger. Tata motors, M&M and IOC were gainers backed by better than expected financial performance. All these led the Sensex to close at the level of 20215.40 i.e. up by 67.76 points and the Nifty to close at the level of 6124.05 i.e. up by 19.75 points. The midcap index closed in green with a gain of four basis points of a percentage point and the small cap index closed in red with the loss of more than one-third of a percentage point. On the sectoral front, the indices closed mixed. The Auto Index was the biggest gainer with the gain of two and three-tens of a  percentage point. This was followed by FMCG Index which closed with the gain of one and nine-tens of a percentage point. On the other hand the Realty Index closed as the biggest looser with the loss of nearly two and four-tens of a percentage point.

Further, the market breadth closed negative as four stocks were seen advancing against three declining stocks.


News Hour: 82% of the Asians believe that price of gold will increase, says World Gold Council


KOLKATA: World Gold Council chief executive officer Aram Shishmanian said on Wednesday that a new World Gold Council research shows that 82% of Asians believe that the price of gold will increase or will be stable in the next five years. 

He said: "It is well known that there is a deep belief in gold and its long-term prospects in India and China. Since the sudden drop in the gold price during mid-April, which was driven by the US investment markets, this belief has been reinforced. Not surprisingly, demand has surged as consumers have seen an investment opportunity to buy significant amounts of gold." 

World Gold Council has come out with market updates on Thursday shows that premiums pushed to exceptional levels Premiums paid for gold in Asian markets, over and above the spot price, rose almost immediately following the price fall. The Shanghai Gold Exchange saw premiums reach US$40/oz. 

The report adds that gold auctions run by the State Bank of Vietnam were fully subscribed with premiums at US$150/oz. In Mumbai premiums were as high as US$26/oz, before settling to around US$10/oz in the month following the price drop. 

India, which represents 28% of global consumer demand, may see an increase of up to 150% year-on-year in Q2 2013. This suggests that up to 400 tonnes of gold may be imported into India during Q2 2013, almost half of the total imports in the whole of 2012.

(Source: economictimes.indiatimes.com)

Top 10 Dailies: 30th May, 2013

Market Closed:
Sensex: 20215.40 (+67.76)
Nifty 6124.05 (+19.75)

Commodity Market Update (Natural Gas)

Bullion prices are trading well positive since morning with the most actively traded Gold contract is trading at $1408.00 which is up by $16.10 or more than a percent and is expected to continue the gain for the day. Silver contract is also trading higher at $22.72, +1.28% following Gold. NYMEX Crude Oil prices are trading at $92.46, down 0.72%, falling to a week low ahead of OPEC meeting, while Natural Gas is lower by 0.45% at $4.16. Copper contract on CMX is trading at $3.03 which is nominally higher by 0.18% and on LME Copper prices are at $7296.00, higher by 11 points along with other metals. Nickel is the only metal to trade negative at $14788.00, down just 20 points till now.
Data to watch: 
US Jobless Claims, Prelim GDP, Pending Home Sales, Crude Oil Inventories, Natural Gas Storage

Morning Summary, Market Synopsis: 30th May, 2013


The major Indian equity benchmarks started the day on a negative note on May 30, 2013.This is due to negative international cues. US markets were off their worst levels on Wednesday, but still closed in the red on concerns that Fed will start winding down its stimulus program. European markets too ended with nearly 2 percent cuts. Asian markets were also trading in the negative zone today morning. At 7: 51 am (IST), Japan's Nikkei shed 2.16 percent or 309.43 points at 14,017.03.The derivative settlement is today and benchmarks are expected to move in a band. Again, traders will be watching the specific stocks for their results. This led the Sensex to trade near the level of 20118.68 i.e. down by 28.96 points & the Nifty to trade near the level of 6093.80 i.e. down by 10.50 points. The Midcap index and small cap index are both trading in red with the loss of nearly one fifth of a percentage point each.On the sectoral front, the indices are trading mixed. The Auto Index is trading as the biggest gainer with the gain of one and two-tens of a percentage point. On the other hand, the Realty Index is the biggest loser with the loss of two and three-tens of a percentage point. This is followed by the Consumer Durables Index which is trading with the loss of slightly less than one and half of a percentage point.
Further, the market breadth opened negative as five stocks were seen advancing against three declining stocks.

Wednesday, 29 May 2013

Closing Summary, Market Synopsis: 29th May, 2013


The Indian benchmarks ended the day on a slightly negative note on May 29, 2013. After opening flat, they started drifting downward but found support in the last hour of trade and reversed to close at slightly lower level than the previous day. The market is expected to be volatile in near term, depending on global liquidity flows. There is still uncertainty over the US Federal Reserve's stance on the monetary stimulus it has been providing in the form of bond purchases. The traders are also watchful as derivative trading for May also expires tomorrow. All these led the Sensex to close at the level of 20147.64 i.e. down by 13.18 points and the Nifty to close at the level of 6104.30 i.e. down by 6.95 points. The midcap index and the small cap index closed in red with the loss of nearly four-tens of a percentage point and sixteen basis points of a percentage point respectively. On the sectoral front, the indices closed mixed. The Healthcare Index was the biggest gainer with the gain of one and eight-tens of a percentage point. This was followed by the Consumer Durables Index which closed with the gain of eight-tens of a percentage point. On the other hand the Realty Index closed as the biggest looser with the loss of nearly two and half percentage point.
Further, the market breadth closed negative as three stocks were seen advancing against five declining stocks.

Top 10 Dailies: 29th May, 2013


Market Closed:
Sensex 20147.64 (-13.18)
Nifty 6104.30 (-6.95)

Commodity Market Update (Crude Oil)


On CMX, Precious metals are trading silent since morning with Gold trading at $1384.70, up by $5.80 or 0.42% and front month Silver futures trading almost flat at $22.20 with a meager gain of 0.01% per ounce. Base metals are trading mixed on the London Metal Exchange due to mixed bag of economic data from US and China. 3-month Copper is losing 0.75% or $53.25 to trade at $7260.0 while Aluminum is gaining almost half a percent or $8.00 to trade at $1859.00. WTI Crude Oil is trading lower since morning, fell almost half a percent or 45 cents to trade at $94.60 and Natural Gas is trading in red at $4.16 with a marginal decline of 1 cent or 0.34% per mmBtu.

Morning Summary, Market Synopsis: 29th May, 2013


The major Indian equity benchmarks started the day on a flat note on May 29, 2013.This is in spite of favourable international cues. It was positive session on Wall Street on Tuesday with major indices closing in the green following upbeat economic data. The Dow closed at a new all-time high and the Dow Jones Industrial Average was up 106.29 at 15,409.39.The S&P 500 added 10.46 at 1,660.06, while the Nasdaq Composite Index jumped 29.74 at 3,488.89. European markets also closed near multi-year highs. However Asian markets were mixed in morning trade on Wednesday. Post opening, benchmarks are trading weak. The derivative expiry of Thursday is weighing on the mind of the traders. This is expected to make market choppy. This led the Sensex to trade near the level of 20145.43i.e. down by 15.39 points & the Nifty to trade near the level of 6103.80 i.e. down by 7.45 points. The Midcap index and small cap index are both trading in green with the gain of fourteen basis points of a percentage point and quarter of a percentage point. On the sectoral front, the indices are trading mixed. The Healthcare Index is trading as the biggest gainer with the gain of more than one percentage point. This is followed by the IT Index which is trading with the gain of slightly more than half of a percentage point. On the other hand, the Realty Index is the biggest loser with the loss of seven-tens of a percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Tuesday, 28 May 2013

Closing Summary, Market Synopsis : 28th May, 2013


Key benchmark indices gained for third day in a row on firm European and Asian stocks. The S&P BSE Sensex was provisionally up 136.77 points or 0.68%, up 204.31 points to settle above 20,000 level, Nifty is up by 28 pts to settle at 6111. The market breadth, indicating the overall health of the market, was positive with 650 advancing stocks to 586 declines in NSE. The outperforming sectors are Auto, Energy and PSE (Public Sector Enterprises) while the laggards arePharma,Media, MNC and PSU banks. Heromotors, Jp Associate and BHEL are the top gainers on Nifty, whereas Ranbaxy, Ultracemco & Kotakbank are the top losers.

Commodity Market Update (Silver)


Precious metals are trading lower today, the most actively traded Gold contract on CMX is at $1379.0 which is down by 0.60% or 8 points and Silver is at $22.7 an ounce, down by a percentage at the time of writing this. Prices are expected to trade with a negative bias while lack of macroeconomic releases from US and other economies may also keep market silent for the day. Base metals across the LME are trading marginally positive; with three-month Copper trading at $7293.0, higher by $10.0 or just 0.13%. Other metals are also positive with some minor gains while Nickel is the only one to trade in red at $14778.0, down by 0.24%. Crude Oil and Natural Gas prices are trading positive with Crude oil at $94.7 and Natural Gas is at $4.24, up by 0.60% and 0.17% respectively.

Morning Summary, Market Synopsis: 28th May, 2013


The major Indian equity benchmarks started the day on a flat note on May 28, 2013.The international cues were also lack luster. The UK and US markets were shut for public holidays. European markets closed higher on Monday rebounding from last week's losses. Asian markets were also mixed in morning trade. Japanese stocks fell on Tuesday. The Nikkei stock average opened down 1.4 percent, extending Monday's 3.2 percent plunge. Meanwhile, Japan's market moves kept investors on the edge and the Japanese panelist urged the government to get serious about fiscal reforms. Post opening, benchmarks were seen trading in the similar level. The expiry of derivative settlement is weighing on the mind of traders and the depreciation of rupee has also dampened the sentiment. All these have led the Sensex to trade near the level of 20062.03.e.up by 31.26 points & the Nifty to trade near the level of 6089.60 i.e. up by 6.65 points. The Midcap index and small cap index are both trading in green with the gain of nearly four-tens of a percentage point each. On the sectoral front, the indices are trading mixed. The PSU Index is trading as the biggest gainer with the gain of nearly one percentage point. This is followed by the Oil and Gas Index which is trading with the gain of nearly nine-tens of a percentage point. On the other hand, the Consumer Durables Index is the biggest loser with the loss of nearly six-tens of a percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against two declining stocks.

Monday, 27 May 2013

Top 10 Dailies: 27th May, 2013

MARKET CLOSED: 
SENSEX 20030.77 (+326.44)
NIFTY 6083.15 (+99.60)

Closing Summary, Market Synopsis: 27th May, 2013


The major Indian equity benchmarks started the day on a flat note on May 27, 2013.This was due to negative international cues. US Markets had a lackluster session on Wall Street with major indices closing flat on Friday as investors remained cautious over Fed's bond purchase program. European markets also ended lower. In Asia, Japanese market was down more than 3 percent in morning trade today. Post opening, Indian benchmarks were seen trading in a positive zone as benchmarks have started gaining momentum. They are making attempts to touch higher levels. Reliance Industries will be in focus this week. The company has announced a big natural gas discovery in the KG-D6 block, which will help arrest its falling output. The volatile currency movement is also affecting the sentiment. Finance Ministry sources say that volatility in currency should settle in a few days and rupee is expected to be back to its range in a few days. Rupee weakness is likely due to volatility in rupee non-deliverable forward (NDF). All these have led the Sensex to trade near the level of 19826.64i.e.up by 122.31 points & the Nifty to trade near the level of 6020.85 i.e. up by 37.30 points. The Midcap index and small cap index are both trading in green with the gain of nearly six-tens of a percentage point each. On the sectoral front, all the indices, except one are trading in green. The Oil and Gas Index is trading as the biggest gainer with the gain of nearly one and eight-tens of a percentage point. This is followed by the Consumer Durables Index which is trading with the gain of nearly one and two-tens of a percentage point. On the other hand, the Auto Index is the biggest loser with the loss of nearly half percentage point.
Further, the market breadth opened positive as two stocks were seen advancing against each declining stock.

Commodity Market Update (Gold)


Precious Metals are trading at 1393.10 an ounce, up 6.40 or 0.46% and Silver is higher by 19 cents or 0.88% at 22.695 an ounce. MCX Gold is trading at 26422.0 per ten grams and Silver is up 250 points to trade at 43720.0 per kilogram. US markets are likely to have a thin trading session as banks remains closed in observance of Memorial Day; usually liquidity remainslow coupled with irregular volatility. The bias for bullions is neutral. LME markets are closed due to Spring Bank Holiday in the UK. COMEX Copper is trading at 3.305 per pound, up 0.30% today. The bias for base metals is positive for the day even though we may not see much movement for the rest of the day. Crude Oil is down 53 cents or half a percent to trade at 93.63 per barrel while Natural Gas is trading unchanged at 4.282 per mmbtu. On MCX, prices are down 48 points to trade at 5220.0 and Natural Gas is down 0.80 at 235.60 today.

No Economic Releases today.

Morning Summary, Market Synopsis: 27th May, 2013


The major Indian equity benchmarks started the day on a flat note on May 27, 2013.This was due to negative international cues. US Markets had a lackluster session on Wall Street with major indices closing flat on Friday as investors remained cautious over Fed's bond purchase program. European markets also ended lower. In Asia, Japanese market was down more than 3 percent in morning trade today. Post opening, Indian benchmarks were seen trading in a positive zone as benchmarks have started gaining momentum. They are making attempts to touch higher levels. Reliance Industries will be in focus this week. The company has announced a big natural gas discovery in the KG-D6 block, which will help arrest its falling output. The volatile currency movement is also affecting the sentiment. Finance Ministry sources say that volatility in currency should settle in a few days and rupee is expected to be back to its range in a few days. Rupee weakness is likely due to volatility in rupee non-deliverable forward (NDF). All these have led the Sensex to trade near the level of 19826.64i.e.up by 122.31 points & the Nifty to trade near the level of 6020.85 i.e. up by 37.30 points. The Midcap index and small cap index are both trading in green with the gain of nearly six-tens of a percentage point each. On the sectoral front, all the indices, except one are trading in green. The Oil and Gas Index is trading as the biggest gainer with the gain of nearly one and eight-tens of a percentage point. This is followed by the Consumer Durables Index which is trading with the gain of nearly one and two-tens of a percentage point. On the other hand, the Auto Index is the biggest loser with the loss of nearly half percentage point.
Further, the market breadth opened positive as two stocks were seen advancing against each declining stock.

Tuesday, 21 May 2013

Closing Summary, Market Synopsis: 21st May, 2013


The major Indian equity benchmarks started the day on a flat note on May 21, 2013.This was in spite of negative international cues . US Markets ended slightly lower on Monday amid concerns that the Federal Reserve may taper its bond-buying program. European markets ended the session mixed. In Asia , Japanese markets were off their multi year highs on Tuesday morning. Post opening Indian benchmarks were seen trading in a similar range. The markets are expected to be choppy as follow up buying is missing at the higher levels. This have led the Sensex to trade near the level of 20231.06i.e.up by 7.08 points & the Nifty to trade near the level of 6154.35I.e. down by 2.55 points. The Midcap index and small cap index are trading in green with the gain of nearly three-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The IT Index is trading as the biggest gainer with the gain of nearly one and one-tens of a percentage point. This is followed by the Teck Index which is trading with the gain of nearly one percentage point. On the other hand, the Auto Index is the biggest loser with the loss of nearly six-tens of a percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Top 10 Dailies: 21st May, 2013

Market Closed :
Sensex: 20111.61 (-112.37)
Nifty 6114.10 (-42.80)

Commodity Market Update (Silver)


Precious Metals are trading in red right now after erasing gains seen in the morning session. Gold tested a high of 1399.90 and is trading at 1378.10, down 5.9 or 0.43% and Silver is down 6 cents to trade at 22.51 an ounce; silver tested a high of 22.91 earlier. On MCX, the weaker rupee is limiting downsides in bullions and we find Gold higher by 50 odd points at 26138.0 and Silver at 43300.0 at present. The bias for precious metals is weak for intraday. Base Metals are higher today, supported by rupee. LME Copper is trading at 7392.0 while Nickel is at 15071.0 a ton. The bias for precious metals is positive. Crude Oil is down 41 cents at 96.30 a barrel while Natural Gas is high by 0.61% at 4.11.

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Morning Summary, Market Synopsis: 21st May, 2013

The major Indian equity benchmarks started the day on a flat note on May 21, 2013.This was in spite of negative international cues . US Markets ended slightly lower on Monday amid concerns that the Federal Reserve may taper its bond-buying program. European markets ended the session mixed. In Asia , Japanese markets were off their multi year highs on Tuesday morning. Post opening Indian benchmarks were seen trading in a similar range. The markets are expected to be choppy as follow up buying is missing at the higher levels. This have led the Sensex to trade near the level of 20231.06i.e.up by 7.08 points & the Nifty to trade near the level of 6154.35I.e. down by 2.55 points. The Midcap index and small cap index are trading in green with the gain of nearly three-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The IT Index is trading as the biggest gainer with the gain of nearly one and one-tens of a percentage point. This is followed by the Teck Index which is trading with the gain of nearly one percentage point. On the other hand, the Auto Index is the biggest loser with the loss of nearly six-tens of a percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Monday, 20 May 2013

Closing Summary, Market Synopsis: 20th May, 2013


The Indian benchmarks ended the day on a slightly negative note on May 20, 2013. After opening flat they were seen trading in a narrow range, consolidating their recent gains. However, towards the last hour of trade, a fresh bout of profit booking forced the benchmarks to seek lower levels. Profit booking was evident after benchmarks hit a two and half years high. Pharma stocks were severely hit today. Glaxo SmithKline Pharma, Cadila Healthcare, Cipla and Ranbaxy are likely to be negatively impacted from the new drug price control order (DPCO). All these led the Sensex to close at the level of 20223.98 i.e. down by 62.14 points and the Nifty to close at the level of 6156.90 i.e. down by 30.40 points. The midcap index and the small cap index closed in red with a loss of nearly four-tens of a percentage point and two-tens of a percentage point respectively. On the sectoral front, all the indices, except three closed in red. The Auto Index was the biggest gainer with the gain of nearly eight-tens of a percentage point. This was followed by the IT Index which closed with the gain of nearly six-tens of a percentage point. On the other hand the Healthcare Index closed as the biggest loser with a loss of nearly one and eight-tens of a percentage point.
Further, the market breadth closed negative as two stocks were seen advancing against three declining stocks.

Commodity Market Update (Gold)

On CMX, precious metals are trading sharply lower since morning due to a speculation over an earlier-than-expected end to the Federal Reserve’s quantitative easing program. The most actively traded Gold contract is losing for the eight consecutive sessions and tested a five weeks low of $1336.30 before settling at $1349.60, down $15 or 1.10% while Silver futures tumbled to 32-momnth low of $20.25 and trading in red at $21.59, dropped by 3.5% or 78 cents an ounce. Precious metals are looking more negative as both metals break the major support level and trading below the said levels. On LME, base metals are trading higher since morning on the back of improved economic data with Copper is trading at $7305 while lead is gaining most among the group, up 1.03%. WTI Crude Oil is losing 0.66% or 64 cents to trade at $95.40 while Natural Gas is trading in green at $4.15, higher by 2.27% or 10 cents per mmBtu.

Morning Summary, Market Synopsis: 20th May, 2013


The major Indian equity benchmarks started the day on slightly positively on May 20, 2013.The international cues were also positive. It was a strong Friday for US markets with major indices hitting fresh highs boosted by positive economic data and European markets also closed with gains. Japanese stocks rose in early trade on Monday aided by positive US market cues. Indian benchmarks are seen trading in a narrow range, consolidating the recent gains. However, it seems that a fresh follow up buying is needed at this point, since benchmarks have hit a resistance zone. All these have led the Sensex to trade near the level of 20412.68i.e.up by 126.56 points & the Nifty to trade near the level of 6218.15I.e. up by 30.85 points. The Midcap index and small cap index are trading in green with the gain of nearly six-tens of a percentage point and four-tens of a percentage point respectively. On the sectoral front, all the indices, except one are trading in green. The Auto Index is trading as the biggest gainer with the gain of nearly one and seven-tens of a percentage point. This is followed by the Metal Index which is trading with the gain of nearly one percentage point. On the other hand, the Healthcare Index is the biggest loser with the loss of nearly seven-tens of a percentage point.
Further, the market breadth opened positive as nine stocks were seen advancing against five declining stocks.

Friday, 17 May 2013

Closing Summary, Market Synopsis: 17th May, 2013


The Indian benchmarks ended the day on a slightly positive note on May 17, 2013. After opening flat they were seen trading in a narrow range, consolidating their recent gains. There was a fresh bout of buying towards the closing hours. Most domestic players are said to have missed out on the rally as they remain worried about the weak macro-environment. it is clear that the market needs a bigger dose of liquidity to be able deliver meaningful returns hereon. Standard & Poor's reiterated its negative rating outlook on India's credit rating, which is one notch above junk status, warning of risks if the government carries out less reform than the agency says is needed to boost growth. All these led the Sensex to close at the level of 20286.12 i.e. up by 38.79 points and the Nifty to close at the level of 6187.30 i.e. up by 17.40 points. The midcap index and the small cap index closed in green with a gain of nearly three-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, the indices closed mixed. The Power Index was the biggest gainer with the gain of nearly three and one-tens of a percentage point. This was followed by the Capital Goods Index which closed with the gain of nearly three percentage point. On the other hand the Consumer Durables Index closed as the biggest loser with a loss of nearly seven-tens of a percentage point.
Further, the market breadth closed negative as four stocks were seen advancing against five declining stocks.

Top 10 Dailies: 17 th May, 2013

Market Closed:
Sensex: 20286.12 (+38.79)
Nifty 6187.30 (+17.40)

Commodity Market Update (Copper)


Precious Metals are trading marginally lower today, Gold futures traded on COMEX are down 0.51% to 1379.50 an ounce while Silver is also losing 13 cents or 0.59% to trade at 22.52 an ounce. Domestic prices are also lower with Gold at 26000.0 per ten grams, losing 140 points and Silver at 42942.0 per kilo, down 322 points since morning. Prices are trading near support levels and likely to trade with a neutral to negative bias. Base Metals are up in green since morning, Copper traded on LME is up almost a percent at 7325.0 a ton while on MCX, the metal is up 3.50 at 404.0 at the time of writing this. The rest of the metals are also higher over half a percent each since morning. Base Metals are likely to extend gains into the evening. Crude Oil is trading at 95.68, up 52 cents per barrel and Natural Gas is trading at 3.92 per mmbtu, slightly in green. Oil prices are trading with a positive bias and should move higher to test resistance at 96.5-97.0 in the evening. The rupee is trading at 54.82, weaker by 4 paise against the dollar the time of writing this.

Key Economic Releases: UoM Consumer Sentiment

Morning Summary, Market Synopsis: 17th May, 2013













The major Indian equity benchmarks started the day on a flat note on May 17, 2013.The international cues were relatively weak.  US markets ended near session lows on Thursday pressured by downbeat economic data and on talks of Fed tapering their bond-buying program in the coming months and Europe too ended flat. Asian markets were subdued in morning trade on Friday. South Korea & Hong Kong markets remain shut today. Indian benchmarks are consolidating the gains that they have made in last couple of weeks and consistent buying by Foreign Institutional Investors is keeping the sentiment upbeat. JM Financials hit 52-week high at Rs 27.50, up 15.7 percent on the BSE. Former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy stake in JM Financial through warrants. The company sought to strengthen its case for a banking license by roping in former Citigroup CEO Vikram Pandit. All these have led the Sensex to trade near the level of 20234.33i.e.down by 13.00 points & the Nifty to trade near the level of 6145.45. I.e. down by 6.45 points. The Midcap index and small cap index are both trading in green with the gain of nearly one-tens of a percentage point. On the sectoral front, the indices are trading mixed. The IT Index is trading as the biggest gainer with the gain of nearly eight-tens of a percentage point. This is followed by the Realty Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, Consumer Durables Index is the biggest loser with the loss of nearly seven-tens of a percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Thursday, 16 May 2013

Closing Summary, Market Synopsis: 16th May, 2013


The Indian benchmarks ended the day on a slightly positive note on May 16, 2013. After opening flat they soon gathered some momentum , but were seen trading in a narrow range. The focus was shifting to stock specific moves in a broader market. Hopes of commodity prices maintaining their downtrend, interest rates easing and continued global liquidity flows are the key sentiment drivers at this point. All these led the Sensex to close at the level of 20247.33 i.e. up by 34.37 points and the Nifty to close at the level of 6169.90 i.e. up by 23.15 points. The midcap index and the small cap index closed in green with a gain of nearly four-tens of a percentage point and two-tens of a percentage point respectively. On the sectoral front, the indices closed mixed. The Realty Index was the biggest gainer with the gain of nearly one and eight-tens of a percentage point. This was followed by the Oil and Gas Index which closed with the gain of nearly one and six-tens of a percentage point. On the other hand the FMCG Index closed as the biggest loser with a loss of nearly one and one-tens of a percentage point.
Further, the market breadth closed neutral as one stock was seen advancing against each declining stock.

Top 10 Dailies: 16th May, 2013

Market Closed :
SENSEX 20247.33 (+34.37)
NIFTY 6169.90 (+23.15)

Commodity Market Update (Natural Gas)


Gold and Silver prices are trading significantly lower since morning, the most active Gold contract is at $1372.0, down by 24 points or 1.72% and Silver slumped 2.33% or more than half a dollar to trade at $22.12, with this heavy breakdown in both Gold and Silver we can expect the near term outlook to remain bearish and traders are advice to ignore aggressive longs for the day. Base metals across the LME are trading down today, with Copper is at $7144, lower by 55 points or 0.76% along with all other industrial metals. Energy Prices on NYMEX are trading in red with Crude Oil active contract is at $93.50, down by 0.85% or 80 cents while Natural Gas prices are slightly higher at $4.07, adding 0.17% at the time of writing this.

Morning Summary, Market Synopsis: 16th May, 2013

Photo: Morning Market Update:
The major Indian equity benchmarks started the day on a flat note on May 16, 2013.The international cues were positive. It was positive session on Wednesday in the US  markets. The US markets gained with the Dow and S&P 500 closing at a fresh high and Europe too ended higher as the risk on rally continued. Asian markets were flat in morning trade on Thursday. Post opening, Benchmarks build up on the gains made yesterday. Rate sensitive stocks were ruling firm. There has been strong buying by FIIs in recent times. All these have led the Sensex to trade near the level of 20281.45i.e.up by 68.49 points & the Nifty to trade near the level of 6172.55. I.e. up by 25.80 points. The Midcap index and small cap index are trading in green with the gain of nearly eight-tens of a percentage point and six-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Healthcare Index is trading as the biggest gainer with the gain of nearly one and four-tens of a percentage point. This is followed by the Bankex Index which is trading with the gain of nearly one and two-tens of a percentage point. On the other hand, IT Index is the biggest loser with the loss of nearly half percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against two declining stocks.
The major Indian equity benchmarks started the day on a flat note on May 16, 2013.The international cues were positive. It was positive session on Wednesday in the US markets. The US markets gained with the Dow and S&P 500 closing at a fresh high and Europe too ended higher as the risk on rally continued. Asian markets were flat in morning trade on Thursday. Post opening, Benchmarks build up on the gains made yesterday. Rate sensitive stocks were ruling firm. There has been strong buying by FIIs in recent times. All these have led the Sensex to trade near the level of 20281.45i.e.up by 68.49 points & the Nifty to trade near the level of 6172.55. I.e. up by 25.80 points. The Midcap index and small cap index are trading in green with the gain of nearly eight-tens of a percentage point and six-tens of a percentage point respectively. On the sectoral front, the indices are trading mixed. The Healthcare Index is trading as the biggest gainer with the gain of nearly one and four-tens of a percentage point. This is followed by the Bankex Index which is trading with the gain of nearly one and two-tens of a percentage point. On the other hand, IT Index is the biggest loser with the loss of nearly half percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against two declining stocks.



Wednesday, 15 May 2013

Closing Summary, Market Synopsis: 15th May, 2013


The Indian benchmarks ended the day on a strongly positive note on May 15, 2013. After opening with a small gap up, they gathered momentum and gained a strong ground with huge volumes. As a result of this, benchmarks logged their biggest single day gain in 28 months, as India joined the ongoing party in emerging markets. The steady decline in wholesale and consumer price indices has raised hopes of a further reduction in interest rates when the RBI reviews its monetary policy in June. RBI said low inflation numbers will be taken into account in its next monetary policy on June 17. All these led the Sensex to close at the level of 20212.96 i.e. up by 490.67 points and the Nifty to close at the level of 6146.75 i.e. up by 151.35 points. The midcap index and the small cap index closed in green with a gain of nearly one and six-tens of a percentage point and one percentage point respectively. On the sectoral front, all the indices closed in green. The Realty Index was the biggest gainer with the gain of nearly four percentage point. This was followed by the Bankex Index which closed with the gain of nearly three and nine-tens of a percentage point. On the other hand the IT Index closed as the smallest gainer with a gain of nearly four-tens of a percentage point.
Further, the market breadth closed positive as nine stocks were seen advancing against four declining stocks.

Commodity Market Update (Crude Oil)



Tax facts to note while selling property


























































Detailed News : Pre Session: 15th May, 2013



Market may open higher http://goo.gl/TU6gE

Morning Summary, Market Synopsis: 15th May, 2013


The major Indian equity benchmarks started the day on a positive note on May 15, 2013.The international cues were strongly positive.US markets closed at record high on Tuesday, S&P 500 gained a percent to reach a new record high of 1650 and European market also pared losses to close at 5-year highs. Asian markets were subdued on Wednesday, but Japanese market surged 2 percent on Yen weakness. Post opening, benchmarks gathered further strength and moved up breaking the highs formed on Tuesday. The strong dollar also helped markets recover. All these have led the Sensex to trade near the level of 19943.84i.e.up by 221.55 points & the Nifty to trade near the level of 6062.25. I.e. up by 69.85 points. The Midcap index and small cap index are trading in green with the gain of nearly nine-tens of a percentage point and eight-tens of a percentage point respectively. On the sectoral front, all the indices are trading in green. The Bankex Index is trading as the biggest gainer with the gain of nearly one and seven-tens of a percentage point. This is followed by the Realty Index which is trading with the gain of nearly one and six-tens of a percentage point. On the other hand, IT Index is the smallest gainer with the gain of one-tens of a percentage point.
Further, the market breadth opened positive as three stocks were seen advancing against each declining stock.

Tuesday, 14 May 2013

News Hour: April inflation hits 41-month low of 4.89% versus 5.96% in March


NEW DELHI: Declining price of food items, including fruits and vegetables, pulled down inflation to nearly a three-and-a-half-year low of 4.89 per cent in April, which may present a case for further monetary policy easing. 
Inflation based on the Wholesale Price Index (WPI) stood at 5.96 per cent in March. In April, 2012, it was 7.50 per cent. 
This is the lowest level of inflation since November, 2009 when it was 4.78 per cent. 
As per official data released today, WPIinflation in the manufactured items category declined to 3.41 per cent in April from 4.07 per cent in March. 
Also, inflation in food articles category, which has a 14.34 per cent share in the WPI basket, came down to 6.08 per cent. Inflation in this category was at 8.73 per cent in March. 
The easing in food inflation was helped by a sharp drop in prices of vegetables. Inflation in vegetables stood at (-)9.05 per cent in April, against (-)0.95 per cent in the previous month. 
The inflation in fruits declined to 0.71 per cent during the month as compared to 4.71 per cent in March. However, the rate of price rise in onion was high at 91.69 per cent for the month of April, as against inflation rate of 94.85 per cent in the previous month. 
Inflation for February was revised upwards to 7.28 per cent from 6.84 per cent as per provisional estimates. 
The retail inflation, as measured by consumer price index, came down to single digit at 9.39 per cent in April after many months, indicating that inflationary expectation is on declining trend. 
The RBI will take into account the declining inflationary trend while unveiling its mid-quarter policy review on June 17. 
Commenting on inflation figures, Department of Economic Affairs Secretary Arvind Mayaram said: "We are happy that inflation figure has come down". Inflation in wheat eased to 13.89 per cent in April, as against 19.87 per cent in the previous month. Potatoes too saw decline to (-)2.42 per cent, from 20.06 per cent in March. 
Inflation rate in rice and cereals eased to 17.09 per cent and 15.63 per cent, respectively, in April. 
Pulses prices declined marginally to 10.28 per cent during the month. 
While the inflation rate in egg, meat and fish category stood at 10.44 per cent, for milk it was 4.04 per cent. For the fuel and power category, it was lower at 8.84 per cent in April as compared to 10.18 per cent in March, 2013. 
In order to accelerate economic growth, the Reserve Bank of India (RBI) earlier this month cut key interest rates by 0.25 per cent. 
"Although headline WPI inflation has eased by March, 2013 to come close to the Reserve Bank's tolerance threshold, it is important to note that food price pressures persist and supply constraints are endemic, which could lead to a generalisation of inflation...," the RBI had said.

(Source: economictimes.indiatimes.com)

Top 10 Dailies: 14th May, 2013


Market Closed :
SENSEX 19722.29 (+30.62)
NIFTY 5995.40 (+14.95)

Commodity Market Update (Silver)


Precious metals are trading lower at the time of writing this with Gold trading at $1431.30, down by $3.20 or 0.25% while front month Silver futures eased 20 cents or 0.91% to trade at $23.48 an ounce. LME base metals are trading in red due to a stronger dollar against the other currency holders. 3-month Copper rolling contract is leading the industrial metal group, losing 2.22% or $164.25 to trade at $7249.00, followed by rest of the metals. On NYMEX, energy prices are trading mixed since morning with Crude Oil trading at $94.98, lower by 0.20% while Natural Gas is trading almost flat at $3.93 with a positive bias.

Morning Summary, Market Synopsis: 14th May, 2013

The major Indian equity benchmarks started the day on a flat note on May 14, 2013.The international markets were on a weak footing. Major indices in the US markets closed flat and European markets snapped a four-day rally. Asian markets were subdued in morning trade on Tuesday. Post opening, benchmarks were seen moving in the similar range. Investors seem to be worried at the political drama as there are speculations of the growing rift between Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi. This is keeping the market list less. All these have led the Sensex to trade near the level of 19678.42i.e.down by 13.25 points & the Nifty to trade near the level of 5976.35. I.e. down by 4.10 points. The Midcap index is trading in red with the loss of nearly one-tens of a percentage point and the small cap Index is almost in the positive zone. On the sectoral front, the indices are trading mixed. The Oil and Gas Index is trading as the biggest gainer with the gain of nearly nine-tens of a percentage point. This is followed by the PSU Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, Consumer Durables Index is the biggest loser with the loss nearly one percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Photo: Market update:
The major Indian equity benchmarks started the day on a flat note on May 14, 2013.The international markets were on a weak footing. Major indices in the US markets closed flat and European markets snapped a four-day rally. Asian markets were subdued in morning trade on Tuesday. Post opening, benchmarks were seen moving in the similar range.  Investors seem to be worried at the political drama as there are speculations of the growing rift between Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi. This is keeping the market list less. All these have led the Sensex to trade near the level of 19678.42i.e.down by 13.25 points & the Nifty to trade near the level of 5976.35. I.e. down by 4.10 points. The Midcap index is trading in red with the loss of nearly one-tens of a percentage point and the small cap Index is almost in the positive zone. On the sectoral front, the indices are trading mixed. The Oil and Gas Index is trading as the biggest gainer with the gain of nearly nine-tens of a percentage point. This is followed by the PSU Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, Consumer Durables Index is the biggest loser with the loss nearly one percentage point.
Further, the market breadth opened neutral as one stock was seen advancing against each declining stock.

Monday, 13 May 2013

News Hour: Sensex at over 14 months low, plunges 431 points on profit-booking

The Sensex fell 2.14% to 19,691.67, a biggest slump after Feb 27, 2012. The index had climbed to over three months high in the previous session.
MUMBAI: The BSE benchmark Sensex today declined the most in more than 14 months by losing 431 points on across-the-board selling mainly in FMCG, capital goods, metal and auto stocks amid a surge in April trade deficit.

The Sensex fell 430.65 points, or 2.14 per cent, to 19,691.67, a biggest slump after February 27, 2012. The index had climbed to over three months high in the previous session.

Similarly, the broad-based National Stock Exchange index Nifty dropped by 126.80 points, or 2.08 per cent, to 5,980.45 led by stocks of   ITC Ltd BSE -5.31 % and Tata Consultancy Services.

The MCX-SX flagship index SX40 closed 228.64 points, or 1.92 per cent, lower at 11,662.34 points.

Brokers said the selling pressure, mostly of profit-booking nature, was so strong that all the index components in 30-BSE and 50-NSE closed with losses.

"Surge in April trade deficit, considerable rise in USDINR rates and finally Nifty trading in resistance zone around 6120 resulted in selling pressure at higher levels," said Milan Bavishi, Head Research, at Inventure Growth & Securities.

The country's exports grew for the fourth consecutive month recording a growth of 1.6 per cent in April but surge in gold imports pushed up the trade deficit to USD 17.7 billion.

A weak trend in the Asian region and lower opening in Europe ahead of the US reports of retail sales and a weak dollar further influenced the market sentiment on the domestic front here, traders said.

ITC Ltd was the major loser of the day dropping 5.31 per cent to Rs 336.86 followed by TCS by 2.42 per cent to Rs 1,451.65, Tata Motors BSE -3.27 % by 3.27 per cent to Rs 297.65, Larsen and Toubro BSE -2.96 % by 2.96 per cent to Rs 1,516.85.

Telecom major Bharti Airtel BSE -4.14 % declined by 4.14 per cent to Rs 311.65 and Gail India by 2.14 per cent to Rs 332.15.

The two most heaviest with their 15 per cent weightage, Reliance Industries BSE -1.27 % and Infosys lost 1.27 per cent to Rs 903 and by 0.92 per cent to Rs 2,340.35, respectively.

All sectoral indices led by FMCG and Capital goods closed in negative territory with losses up to 3.17 per cent.

(Source: economictimes.indiatimes.com)

Closing Summary, Market Synopsis: 14th May, 2013

Photo: Closing   Market Update:
The Indian benchmarks ended the day on a sharply negative note on May 13, 2013. After opening flat, they immediately started drifting downward. The strengthening dollar induced further selling and benchmarks were on a down spree. It was also felt that a portion of global liquidity flows could ease as the Federal Reserve was expected to start tightening its monetary policy. All these led the Sensex to close at the level of 19691.67 i.e. down by 430.65 points and the Nifty to close at the level of 5980.45 i.e. down by 126.80 points. The midcap index and the small cap index closed in red with a loss of nearly one and a half percentage point and one and two-tens of a percentage point respectively. On the sectoral front, all the indices, closed in red. The FMCG Index was the biggest loser with the loss of nearly three and two-tens of a percentage point. This was followed by the Capital Goods Index which closed with the loss of two and six-tens of a percentage point. On the other hand Healthcare Index closed as the smallest loser with a loss of nearly one percentage point. 

Further, the market breadth closed negative as two stocks were seen advancing against seven declining stocks.
The Indian benchmarks ended the day on a sharply negative note on May 13, 2013. After opening flat, they immediately started drifting downward. The strengthening dollar induced further selling and benchmarks were on a down spree. It was also felt that a portion of global liquidity flows could ease as the Federal Reserve was expected to start tightening its monetary policy. All these led the Sensex to close at the level of 19691.67 i.e. down by 430.65 points and the Nifty to close at the level of 5980.45 i.e. down by 126.80 points. The midcap index and the small cap index closed in red with a loss of nearly one and a half percentage point and one and two-tens of a percentage point respectively. On the sectoral front, all the indices, closed in red. The FMCG Index was the biggest loser with the loss of nearly three and two-tens of a percentage point. This was followed by the Capital Goods Index which closed with the loss of two and six-tens of a percentage point. On the other hand Healthcare Index closed as the smallest loser with a loss of nearly one percentage point.

Further, the market breadth closed negative as two stocks were seen advancing against seven declining stocks.

Top 10 Dailies: 13th May, 2013

Market Closed :
SENSEX 19691.67 (-430.65)
NIFTY 5980.45 (-126.80)

Commodity Market Update (Gold)

Precious metals are trading lower with actively traded Gold contract is at $1429.00, down by half a percent or $7.60 and Silver is at $23.58, down by 0.33%. We expect precious metals to trade with a negative bias for the day. On base metals Copper, Lead and Zinc are trading marginally positive while other two metals are trading lower. Copper three-month rolling contract is at $7397.00, higher by 0.30%. NYMEX Crude Oil and Natural Gas are trading lower today with Oil contracts at $94.96, lower by 1.12% and Natural Gas is at $3.89, down by 0.38% at the time of writing this.

Morning Summary, Market Synopsis: 13th May, 2013


The major Indian equity benchmarks started the day on a flat note on May 13, 2013.The international markets were also mixed. While Wall Street ended higher on Friday for third week running and Europe also closed at 5-year high as stocks continue in risk-on mode, Asian markets were flat in morning trade on Monday, but Japanese market is up over a percent on weak yen. Post opening , benchmarks started drifting downward as the follow up buying was missing at higher levels. However, at lower levels , some buying is expected to emerge. All these have led the Sensex to trade near the level of 19987.00.34i.e.down by 135.32 points & the Nifty to trade near the level of 6071.15. I.e. down by 36.10 points. The Midcap index and small cap Index are trading in red with the loss of nearly two-tens of a percentage point and one-tens of a percentage point respectively. On the sectoral front, all the indices, except two are trading in red. The Healthcare Index is trading as the biggest gainer with the gain of nearly seven-tens of percentage point. This is followed by the Consumer Durables Index which is trading with the gain of nearly six-tens of a percentage point. On the other hand, FMCG Index is the biggest loser with the loss of one and three-tens of a percentage point.
Further, the market breadth opened negative as two stocks were seen advancing against three declining stocks.

Detailed News : Pre Session,


Market may open slightly higher http://goo.gl/NVmts