STOCK FUTURE TIPS 29 MAY 2012

SENSEX RISES IN EARLY TRADE

DATE: 29/05/2012       

                   Indian markets continued to gain in early trade for the second day on Tuesday. The 30-share benchmark index, BSE Sensex opened with a gain of 83.20 points or 0.51% at 16,500.04, while the broad based NSE Nifty started with a rise of 19.70 points or 0.40%, at 5,005.35.

Sensex was trading up 60.07 points or 0.37% at 16,476.91 with 24 components gaining. Meanwhile, the Nifty was trading higher by 10.55 points or 0.21% at 4,996.20 with 40 components gaining.

Sensex Movers

Tata Motors contributed rise of 12.51 points in the Sensex. It was followed by State Bank Of India (5.03 points), Reliance Industries (3.87 points), Larsen & Toubro (2.85 points) and I T C (2.71 points).

However, Infosys contributed fall of 2.76 points in the Sensex. It was followed by Tata Consultancy Services (2.62 points), Housing Development Finance Corporation (2.57 points), Hindustan Unilever (1.62 points) and Reliance Communications (1.1 points).

Major gainers in the 30-share index were Tata Motors (2.10%), Coal India (1.33%), Tata Power Company (1.03%), G A I L (India) (0.93%), Bharat Heavy Electricals (0.81%), and State Bank Of India (0.79%).

On the other hand, Tata Consultancy Services (0.30%), Hindustan Unilever (0.29%), Hindalco Industries (0.26%), Housing Development Finance Corporation (0.23%), and Infosys Technologies (0.19%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.16% and 0.21% respectively.

The major gainers in the BSE Midcap were Anant Raj Industries (1.83%), Amara Raja Batteries (1.44%), Amtek India (1.28%), CORE Education and Technologies (0.69%) and Aban Offshore (0.44%).

The major gainers in the BSE Smallcap were Genesys International Corporation (2.11%), Advanta India (1.19%), Reliance MediaWorks (0.54%), Aanjaneya Lifecare (0.22%) and A2Z Maintenance & Engineering Services (0.05%).

Sectors in Limelight

The Auto index was at 9,484.64, up by 84.73 points or by 0.90%. The major gainers were Ashok Leyland (1.01%), Bharat Forge (0.56%), Bajaj Auto (0.15%), Apollo Tyres (0.11%) and Exide Industries (0.08%).

The Power index was at 1,838.92, up by 12.68 points or by 0.69%. The major gainers were Bharat Heavy Electricals (0.81%), Crompton Greaves (0.64%), A B B (0.53%), G M R Infrastructure (0.48%) and GVK Power & Infrastructure (0.42%).

The PSU index was at 6,845.32, up by 46.46 points or by 0.68%. The major gainers were Bank Of Baroda(0.82%), Bank Of Maharashtra (0.81%), Allahabad Bank (0.78%), Andhra Bank (0.56%) and Bank Of India (0.18%).

The Consumer Durables index was at 6,482.21, up by 42.80 points or by 0.66%. The major gainers were T T K Prestige (0.8%), Videocon Industries (0.55%), Titan Industries (0.51%), V I P Industries (0.47%) and Whirlpool Of India (0.41%).

Market Breadth

Market breadth was negative with 572 advances against 312 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 64.38 million. It was followed by Godrej Properties (Rs. 46.49 million), Tata Motors (Rs. 42.01 million) and Bombay Dyeing and Manufacturing Company (Rs. 20.63 million).

The volume chart was led by Cals Refineries with trades of over 1.92 million shares. It was followed by Suzlon Energy (0.27 million), Shree Ashtavinayak Cine Vision (0.21 million) and Lanco Infratech (0.20 million).

                                                                                                          

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