IN INTRADAY TRADING TIPS 06 JUN 2012

SENSEX, NIFTY UP OVER 1.72%; TATA MOTORS, HERO MOTOCORP RALLY

DATE: 06/06/2012       

Indian equities gained further ground due to relentless buying seen across board tracking strong Asian markets. Auto, FMCG and metal stocks led the advance. 

Sensex was trading up 275.87 points or 1.72% at 16,296.51 with 30 components gaining. Meanwhile, the Nifty was trading higher by 83.75 points or 1.72% at 4,947.05 with 47 components gaining.

The 30-share benchmark index, BSE Sensex opened with a gain of 79.72 points or 0.50% at 16,100.36, while the broad based NSE Nifty started with a rise of 23.35 points or 0.48%, at 4,886.65.

Sensex Movers

I T C contributed rise of 53.06 points in the Sensex. It was followed by Tata Motors (24.29 points), H D F C Bank (22.38 points), Tata Consultancy Services (14.51 points) and I C I C I Bank (14.23 points).

However, Bharti Airtel contributed fall of 0.42 points in the Sensex. It was followed by Jaiprakash Associates (1.45 points), Grasim Industries (1.48 points), D L F (1.62 points) and Reliance Communications (1.84 points).

All shares in the Sensex are ruling in the positive. Biggest gainers were Tata Motors (4.72%), Hero Motocorp (4.67%), Jindal Steel & Power (3.77%), I T C (3.41%), Sterlite Industries (India) (3.28%), and Maruti Suzuki India (2.62%).

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 1.22% and 1.08% respectively.

The major gainers in the BSE Midcap were CORE Education and Technologies (4.02%), Aban Offshore (1.87%), A I A Engineering (1.15%), Allcargo Logistics (1.14%) and Alstom Projects India (1.05%).

The major gainers in the BSE Smallcap were Reliance MediaWorks (2.25%), Adhunik Metaliks (2.17%), A2Z Maintenance & Engineering Services (2.03%), Trident (0.42%) and Action Construction Equipment (0.17%).

Sectors in Limelight

The Auto index was at 8,997.05, up by 267.06 points or by 3.06%. The major gainers were Ashok Leyland (3.17%), Apollo Tyres (2.56%), Bharat Forge (1.96%), Bajaj Auto (1.65%) and Exide Industries (0.89%).

The FMCG index was at 4,580.92, up by 109.26 points or by 2.44%. The major gainers were I T C (3.41%), Hindustan Unilever (2.24%), Dabur India (1.71%), Marico (0.69%) and United Breweries (0.56%).

The Metal index was at 10,082.23, up by 234.15 points or by 2.38%. The major gainers were Jindal Steel & Power (3.77%), Hindalco Industries (2.26%), Hindustan Zinc (1.95%), Coal India (1.42%) and Bhushan Steel (0.77%).

The Power index was at 1,819.29, up by 38.38 points or by 2.16%. The major gainers were Reliance Infrastructure (3.68%), Adani Power (2.19%), Crompton Greaves (1.61%), Bharat Heavy Electricals (1.59%) and A B B (1.45%).

Market Breadth

Market breadth was positive with 1,606 advances against 736 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs. 484.59 million. It was followed by State Bank Of India (Rs. 449.94 million), Shree Cement (Rs. 236.67 million) and Larsen & Toubro (Rs. 215.88 million).

The volume chart was led by Cals Refineries with trades of over 4.68 million shares. It was followed by Lanco Infratech (3.25 million), Kingfisher Airlines (2.72 million) and Spicejet (2.45 million).

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