The benchmark indices are trading marginally higher amid volatility. Oil & gas exploration, technology, power and auto stocks, HDFC and HDFC Bank are supporting the markets. However, the downtrend continues in HUL, SAIL, ICICI Bank, L&T, BHEL, SBI, ABB, Hindalco and ACC. Broader indices are flat.

The Sensex is trading at 9,063, up 47 points and the Nifty was at 2,792, up 16 points, at 2:56 hours IST. BSE IT Index shot up 2% and Auto index gained 1%. However, Capital goods index fell 0.9%.

Market breadth is in favour of declines; about 1305 shares have advanced while 1521 shares declined. Nearly 200 shares are unchanged.

European markets are witnessing some buying interest. FTSE went up 30 points, to 4,037. CAC gained 20 points at 2,894 and DAX up 35 points, to 4,237.

Markets @ 1:43 pm : Mkts directionless; ONGC, Wipro, NTPC, HDFC support

The benchmark indices have been directionless. Fund flows are virtually absent and the markets are lacking support from either FIIs or DIIs. ONGC, NTPC, Wipro, HDFC, Maruti, HDFC Bank, TCS, Infosys, Sterlite, Reliance Infrastructure and Suzlon are suppporting the markets. However, BHEL, L&T, ICICI Bank, HUL, SBI, Hindalco, and SAIL are under pressure.

Reliance Industries is a bit volatile stock. Broader indices are quiet in trade.

The Sensex was trading at 9035, up 20 points and the Nifty was at 2,785, up 9 points, at 1:43 hours IST.

Market breadth is weak; about 1327 shares have advanced while 1515 shares declined. Nearly 183 shares are unchanged.

Among midcap stocks, Spice Communication jumped 23.54%. Akruti City, CESC, Engineers Ind and Colgate went up 3.5-5%. However, Bombay Rayon, Pantaloon Retail, Shaw Wallace, Maytas Infra and National Fertiliser lost 5-8%.

In the small cap space, Gayatri Project, Sulzer, Tata Elxsi, Transport Corp and AP Paper Mills gained 5-8.7%. However, Apollo Sindhoori locked at 20% lower circuit. Glory Polyfilms and Temptation Food locked at 10% lower circuit. Tube Investment and Allied Digital fell over 6.5%.

European markets are trading marginally higher. FTSE went up 16 points, to 4,023. CAC gained 19 points at 2,892 and DAX up 10 points to 4,215.

Asian markets are mixed; Shanghai, Nikkei and Taiwan went up 0.3-0.8%. However, Kospi, Straits Times and Jakarta fell 0.55-1%. Hang Seng is flat.

Markets @ 12:30 pm : Mkts volatile ; ICICI Bank, BHEL, L&T, RIL decline

The markets are volatile, as Reliance Industries, HUL, L&T, ICICI Bank, Tata Power, DLF, Hindalco, Unitech and Reliance Power are under pressure. However, buying continues in Wipro, ONGC, HDFC, Maruti, HDFC Bank, Grasim, TCS, M&M, PNB and Suzlon Energy.

The Sensex is trading at 8,996, down 19 points and the Nifty was at 2,772, down 4 points, at 12:30 hours IST. Broader indices like BSE Midcap and Small cap indices are marginally higher.

Market breadth is positive; about 1447 shares have advanced while 1373 shares declined. Nearly 204 shares are unchanged.

Media stocks like Wire & Wireless, TV18, Zee Entertainment, Dish TV India, NDTV, IBN18 Broadcast, Sun TV Network, Deccan Chronicle, Jagran Prakashan and Zee News are witnessing buying interest.

Markets @ 11:52 am : Mkts choppy; L&T, Infosys, HUL, Tata Comm weak

Volatility continues in the benchmark indices but they are trading on the higher side. The support is coming from metal, auto, power, cement, realty, select technology stocks as well as BHEL and ONGC. However, selling continues in HUL, L&T, Infosys, ICICI Bank and Tata Communication.

Decline in inflation numbers is helping the markets a bit, which came in at 3.92% for the week ended February 7 versus 4.39% in previous week.

The Sensex is trading at 9,082, up 66 points and the Nifty was at 2,797, up 21 points, at 11:52 hours IST. BSE Midcap and Small Cap indices gained half a percent.

Market breadth is in favour of advances; about 1500 shares have advanced while 1333 shares declined. Nearly 191 shares are unchanged.

Markets @ 10:45 am : Mkts witness buying interest amid volatility; Suzlon up 4%

The benchmark indices are witnessing some buying interest amid volatility. Banking, capital goods, realty, metal, auto and oil & gas exploration stocks are supporting the markets. However, HUL, Bharti, Nalco, Hero Honda, Cipla and Hindalco are under pressure. Infosys is volatile.

The Sensex was trading at 9,056, up 41 points and the Nifty was at 2,788, up 12.5 points, at 10:45 hours IST. BSE Midcap and Small cap indices gained half a percent each.

Market breadth is slightly positive; about 1488 shares have advanced while 1327 shares declined. Nearly 209 shares are unchanged.

Among midcap stocks, Spice Communication surged 22.65%. Century Plyboard, Tulip Telecom, Sun Pharma Advanced and GE Shipping went up 4-5%. However, National Fertiliser, Maytas Infra, M&M Financial, Bombay Rayon and Lakshmi Energy lost 3-6.6%.

In the small cap space, Garware Wall, Sulzer, Solvay Pharma, Balmer Invest and Orissa Sponge gained 5-12%. However, Apollo Sindhoori locked at 20% lower circuit. Glory Polyfilms and Temptation Food locked at 10% lower circuit. Swaraj Mazda lost 6.96%.

Gayatri Projects gained 2%, as the company JV got order worth Rs 2,132 crore.

There are reports that Dena Bank, Bank of Maharashtra and OBC are next in line to get capital dose; respective stocks went up 0.5-3%.

ABG Shipyard shot up 4.7%, as there are reports that government is set to review subsidy scheme for shipbuilding companies, but subsidy comes with few riders.

KLG Systel gained 2.4%, as the company bagged new order worth Rs 30 crore.

On the commodity front, MCX Gold hit record high of Rs 15,700/10 gram. Sugar NCDEX March hit reocrd high of Rs 2,191/q.

Markets @ 9:57 am : Mkts trading marginally higher; financials gain

The benchmark indices are trading marginally higher on the back of support from financial, realty, capital goods and metal stocks. Buying is also seen in the broader indices.

The Sensex was trading at 9,075, up 60 points and the Nifty was at 2,790, up 15 points. CNX Midcap went up 0.77%, to 3,310, at 9:57 am.

Among frontliners, Suzlon Energy, Unitech, DLF, Zee Entertainment, Tata Steel, HDFC, Reliance Capital, L&T, Tata Communication, ICICI Bank, SAIL and SBI are gainers. However, Wipro, Grasim, Tata Power and HUL lost ground in early trade.

Suzlon Energy jumped 4%, as its subsidiary REpower won 1,250 MW contract from RWE worth 2 billion Euros.

Nagarjuna Construction official said reviewing all Maytas JV projects. Nagarjuna Construction gained 3% while Maytas lost 2.5%.

HDIL, Educomp, Bongaigaon Refineries are other gainers among midcaps.

Asian markets are trading mixed. Shanghai, Nikkei and Taiwan went up 0.7-0.9%. However, Hang Seng, Straits Times, Kospi and Jakarta fell 0.2-0.95%.

US markets ended flat as gloomy outlook from Fed and dismal housing data overshadowed Obama’s Housing Relief Plan. Fed slashed its 2009 outlook, and is projecting that the unemployment rate will rise to between 8.5-8.8% and economy will contract between 0.5-1.3%.

Dow Jones ended flat at 7,555.6 and Nasdaq was down 2.69 points at 1,468. S&P 500 ended flat at 788.4.

Global Market cues

Baltic Dry index up 5%, Crude above $37/bbl

Gold rises to $981/oz again

FOMC Minutes
Inflation expectation at 2%
Growth forecast cut to a contraction of 0.5-1.3%

Market cues

FIIs net sell $120.5 million in equities on February 17

MFs net sell Rs 483 crore in equities on February 17

NSE F&O Open Interest up Rs 1,781 crore at Rs 57,556 crore

F&O cues:

Futures Open Int up by Rs 417 crore, Options Open Int up by Rs 1,364 crore

Nifty Feb Futures shed 25 lakh, Mar Futures add 25 lakh shares in Open Int

Nifty Feb at 13-pt discount, Mar at 19-pt discount

Nifty Open Int Put-Call ratio at 1.14 versus 1.13

Nifty Puts add 21 lakh, Calls add 16 lakh shares in Open Int

Nifty 2700 Put adds 9 lakh shares in total Open Int

Nifty Mar 2800 Put adds 3 lakh shares in Open Int

Nifty Feb 2800 Put sheds 4 lakh shares in Open Int

Nifty Mar 2800 Call adds 5 lakh shares in Open Int

Stock Futures add 2 cr shares in Open Int

Stock Option Action

Bharti 640 Call adds 10 lakh shares in Open Int

HUL 155 Call adds 6.4 lakh shares in Open Int

ICICI Bank 370 Call adds 6 lakh shares in Open Int

source: Moneycontrol

Tags: calls, daytrading, free calls, intraday, tips

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