STOCK FUTURE TIPS 29 MAY 2012

SENSEX GAINS 105 POINTS; REALTY, IT RALLY

DATE: 29/05/2012       

                                 Indian markets gained momentum after European market opened in the positive terrain. Sustained buying activity was seen in index heavyweights. Realty, IT, tech stocks gained ground. 

At 1.54 p.m., the Sensex was trading up 105.37 points or 0.64% at 16,522.21 with 26 components gaining. Meanwhile, the Nifty was trading higher by 32.50 points or 0.65% at 5,018.15 with 37 components gaining.

European stocks gained ahead of reports from America that may show consumer confidence is growing and the housing market is stabilizing. U.S. index futures and Asian shares advanced.

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 Movers

Infosys contributed rise of 17.09 points in the Sensex. It was followed by Reliance Industries (12.94 points), Tata Consultancy Services (12.23 points), I C I C I Bank (10.1 points) and State Bank Of India (8.98 points).

However, I T C contributed fall of 15.97 points in the Sensex. It was followed by Grasim Industries (2.39 points), ACC (1.33 points), Reliance Communications (1.1 points) and Reliance Infrastructure (0.73 points).

Major gainers in the 30-share index were Coal India (2.44%), Maruti Suzuki India (2.20%), Bharat Heavy Electricals (1.57%), Tata Motors (1.45%), State Bank Of India (1.41%), and Tata Consultancy Services (1.41%).

On the other hand, I T C (1.00%), Cipla (0.40%), Hindalco Industries (0.39%), and Bajaj Auto (0.05%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.28% and 0.40% respectively.

The major gainers in the BSE Midcap were Allcargo Logistics (5.17%), Aban Offshore (2.13%), A I A Engineering (1.63%), Amtek Auto (0.91%) and Alstom Projects India (0.75%).

The major gainers in the BSE Smallcap were Action Construction Equipment (3.17%), Advanta India (2.58%), Aegis Logistics (1.02%), Trident (0.69%) and Adhunik Metaliks (0.14%).

Sectors in Limelight

The Realty index was at 1,609.58, up by 21.29 points or by 1.34%. The major gainers were Housing Development and Infrastructure (5.35%), Oberoi Realty (2.33%), Anant Raj Industries (1.4%), D B Realty (0.88%) and D L F (0.08%).

The IT index was at 5,629.85, up by 70.41 points or by 1.27%. The major gainers were H C L Technologies (2.92%), Tata Consultancy Services (1.41%), Wipro (1.37%), Infosys (1.2%) and Financial Technologies (India) (0.03%).

The IPO index was at 1,442.63, up by 16.18 points or by 1.13%. The major gainers were Bedmutha Industries (5%), Coal India (2.44%), BS TransComm (1.77%), Career Point (1.03%) and Ashoka Buildcon (0.55%).

On the other hand, the FMCG index was at 4,608.69, down by 22.36 points or by 0.48%. The major losers were Jubilant FoodWorks (1.79%), Marico (1.4%), I T C (1%), Colgate-Palmolive (India) (0.52%) and Dabur India (0.05%).

Market Breadth

Market breadth was negative with 1,406 advances against 1,168 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,408.38 million. It was followed by Tata Motors (Rs. 381.03 million), Jubilant FoodWorks (Rs. 278.26 million) and JSW Steel (Rs. 241.22 million).

The volume chart was led by Lanco Infratech with trades of over 6.60 million shares. It was followed by Cals Refineries (6.48 million), Housing Development and Infrastructure (3.49 million) and Shree Ashtavinayak Cine Vision (3.03 million).

                                                                                            

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