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| October 10, 2013 | 5:30 PM
| Benchmarks end flat ahead of Infy results, IIP data
Indian shares rose on Thursday to their highest close in nearly three weeks, as Tata Motors surged to a record high on unit Jaguar Land Rover's sales while Infosys also edged up ahead of its July-September results on Friday. The Sensex rose 0.12% while the Nifty added 0.22% in trade today. |
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| Major headlines |
| | | Indian indices
Listless session ended on a flat note amid range bound trade, as investors remained cautious ahead of Infosys second quarter earnings and IIP data with Sensex and Nifty surpassing 20,300 and 6,000 mark, respectively.
Benchmark share indices opened flat with a downwards bias a day before IT giant Infosys kicks off the second earnings results. Markets were marginally down in late morning trades weighed down by profit taking in private banks and index heavyweight Reliance Industries. However, the broader markets outperformed the benchmark indices as investors shifted stance to quality mid-cap stocks. However, markets recovered from the lows of the day as buying in auto majors like Mahindra & Mahindra, Tata Motors capped losses in the noon deals.
On currency front, the rupee recovered early losses to trade up by 11 paise at 61.79 against the dollar at the interbank foreign exchange due to thin dollar demand.
The broader markets outperformed the benchmark indices. The BSE Midcap index rose 0.59%, while the BSE Smallcap index gained 0.70% in trade today. The S&P BSE Sensex hit an intraday high of 20,323.77 and the Nifty hit day's high of 6033.95.
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INDEX PERFORMANCE |  |
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| MARKET INDICATORS |
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| GSK Consumer |
4,536.80 | 6.34
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| Hindalco Industries |
117.00 | -2.21
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| Future Retail |
75.30 | -2.21
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The Sensex closed at 20,272.91, up by 23.65 points, while the Nifty rose by 13.50 points to close at 6,020.95.
Following are the stocks/sectors which were in news today:
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IL&FS Engineering and Construction Company jumped 9.94% after the company's board approved rights issue of equity shares.
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MphasiS rose 3.04%, tracking gains in parent Hewlett-Packard Co (HP), which rose after its chief executive on Wednesday (October 09, 2013) guided for a stable outlook for 2014 and a recovery in 2015, according to reports.
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NMDC gained 2.99%, on reports that the company has raised prices of iron ore lumps and fines by Rs90 to Rs100 a tonne
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Balaji Amines advanced 5.33% after the company said that its fully-owned five-star hotel, Balaji Sarovar Premiere, will start commercial operations from October 12, 2013.
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Tata Motors was the top Sensex gainer, up 5% on expectation of the company's UK arm Jaguar Land Rover (JLR) will report strong volume growth over next few months led by start of dispatches of new RR Sport and continued traction from recent launches of RR and F-Type, which in turn will boost realisation and margin.
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DLF ended higher by 1.74%, extending its previous day's nearly 6% rally on BSE, after the real estate developer said it sold assets worth of Rs147 crore as part of its strategy to pare debt by exiting non-core businesses.
| Market sentiment
The market breadth stood in favor of advances. Of the 2590 stocks traded on the BSE, 1420 (54.83%) rose, 1018 (39.31%) fell and 152 (5.87%) stocks remained unchanged.
| Sectoral & stock screening
Among the 13 sectoral indices ten sectors closed in the green zone, while remaining three sectors closed in the red zone. Top Gainers- BSE Auto up by 1.94%, BSE Metal rose by 0.49%, BSE IT surged by 0.44%. Top Losers- BSE Bankex down by 0.39%, BSE Oil&Gas fell by 0.09%, BSE FMCG down by 0.01%.
Among 'A' group stocks, top three gainers - JP Power rose by 7.51%, GMDC up by 6.5% and GSK Consumers up by 6.34%. Top three losers - Tata Powers declined by 2.21%, Hindalco down by 2.21% and Future Retail fell by 2.21%. |
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Global signals
US stock index futures poised for a sharply higher opening at the Wall Street on Thursday.
European shares rebounded on Thursday on signs of progress in Washington on ending the U.S. fiscal stalemate and averting a possible debt default.
Japanese stocks rose to a one-week high and the dollar pulled further away from an eight-month low on Thursday, as investors grew hopeful that Washington will end the political wrangling and break the U.S. fiscal impasse that has sapped market confidence.
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| Commodity Hit List for 10-10-2013 - Evening session
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| | Support Levels |
LTP |
Resistance Levels | Action |
| S2 |
S1 | R1 |
R2 | |
Gold Cash USD ($) |
1280.00 |
1290.00 | 1297.60
| 1305.00 |
1314.00 |
Sell below S1 | |
Gold MCX Oct |
28650.00 | 28900.00
| 29136.00 |
29300.00 |
29450.00 | Sell below S1
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Silver Cash USD ($) |
21.20 | 21.59
| 21.74 |
21.99 |
22.20 | Sell below S1
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Silver MCX Nov | 47700.00
| 48350.00 |
48675.00 |
49000.00 | 49400.00
| Sell below S1 |
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Copper MCX Nov | 442.00
| 445.80 |
447.40 |
450.50 | 454.00
| Buy Above R1/Sell below S1 |
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Zinc MCX Oct | 114.00
| 115.50 |
115.90 |
116.40 | 117.00
| Sell below S1 |
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Nickel MCX Oct | 840.00
| 849.50 |
855.60 |
860.00 | 870.00
| Buy Above R1/Sell below S1 |
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Aluminium MCX Oct |
113.00 | 113.70
| 114.20 |
115.00 |
115.70 | Sell below S1
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Lead MCX Oct | 126.00
| 127.40 |
128.15 |
128.60 | 129.20
| Sell below S1 |
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Crude Oil USD ($) |
101.20 | 101.85
| 102.15 |
102.35 |
103.00 | Buy Above R1/Sell below S1
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Crude Oil MCX Oct |
6300.00 | 6335.00
| 6357.00 |
6380.00 |
6425.00 | Buy Above R1/Sell below S1
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Natural Gas MCX Oct |
229.50 | 231.00
| 232.00 |
233.00 |
235.00 | Buy Above R1/Sell below S1
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