Morning bell of BSE index

BSE Index Analysis, Securties , Standard Experts

Date : 03/05/2012

The markets opened on a positive note and traded sideways in the morning session, moving towards the previous close in the afternoon session. The markets managed to trade near the previous close but slipped lower in the last half-hour to end the day with minor losses. Among the sectoral indices Consumer Durables was the major gainers while Auto & Power lost more than 1% each. Among the Sensex stocks DLF (2.73%), Bharti Airtel (2.47%) and HUL (2.08%) were the gainers while Tata Motors (3.82%), Maruti (2.76%) and Tata Power (2.27%) were the losers. The Sensex lost 17 points or 0.10% to close at 17,302 and the Nifty lost 9 points or 0.17% to close at 5,239.

Total traded turnover stood at Rs 81,128 cr. In equities both FIIs & DIIs were net of buyers (Rs 237 cr) & (Rs 71 cr) .On the derivatives side, FIIs were net buyers in Index Futures ( Rs 80 cr),Index Options ( Rs 157 cr) & Stock Options (Rs 37 cr) While they were net sellers in Stock Futures( Rs 125 cr).

- Total traded turnover stood at Rs 76,796 cr. In equities FIIs were net of buyers (Rs 480 cr) while DIIs were net sellers (Rs 247 cr) .On the derivatives side, FIIs were net buyers in Index Futures (Rs 275 cr) Index Options (Rs 632 cr) and Stock Futures (Rs 75 cr) while they were net sellers in Stock Options( Rs 1cr) .

The US markets ended mixed on disappointing private sector jobs data and news stating that Eurozone factory activity contracted in the month of April. The Dow Jones lost 11 points or 0.08% to close at 13,269 while NASDAQ gained 9 points or 0.31% to close at 3,060.
- The US markets ended higher as data showed that US manufacturing expanded at a faster pace than expected in April. The Dow Jones gained 66 points or 0.50% to close at four year highs at 13,279 while NASDAQ gained 4 points or 0.13% to close at 3,050.
 Disappointing data from both US & Europe renewed concerns about the strength of the global economy leading to a fall in the Asian indices. Indian markets are also expected to open on a soft note & global events will be monitored closely for further direction.

The Asian markets are trading lower. Nikkei is shut for trading due to holiday while Hang Seng is trading lower by 0.36%. 

- The Asian markets are trading higher. Nikkei is trading flat while Hang Seng is trading higher by 0.84%.
 

The markets opened on a positive note and edged higher in the morning session touching highest intraday point by noon. The markets gradually trimmed the gains before ending on a positive note. Among the sectoral indices IT witnessed buying while Consumer Durables witnessed some selling. Among the Sensex stocks TCS (3.49%), Jindal Steel (3.41%) and Infosys (2.75%) were the gainers while Maruti (1.95%), BHEL (1.94%) and M&M (0.64%) were the losers. The Sensex gained 131 points or 0.76% to close at 17,319 and the Nifty gained 39 points or 0.75% to close at 5,248.

- Positive data from the US in the form of strong factory output growth and higher ISM gauge of employment overshadowed poor data coming in from Europe giving some comfort to the equity markets. Tracking firm Asian indices, Indian markets are also expected to open on a positive note and global developments will be watched carefully in the event packed week for further direction.