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Post-market: Mkts on gaining spree for 3rd straight session; Nifty ends above 6000
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Thursday, January 3, 2013 |
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| January 03, 2013 | 5:30 PM | Mkts on gaining spree for 3rd straight session; Nifty ends above 6000 The Indian markets were entirely in the positive terrain and ended with decent gains. The Sensex closed 51 points higher and the Nifty rose 16 points in trade today. | | | | | | Major headlines | | Indian indices The Indian markets closed today's trading session in the green zone tracking overall global rally. Majority of the sectors remained under buyer's radar. The broader markets too ended the trade on a positive note. The BSE Midcap index gained 0.77%, while the BSE Smallcap index rose by 0.93% in trade today. The National Stock Exchange's 50-share Nifty index ended above key 6,000 levels for the first time in 2-year on hopes of global growth recovery coupled with optimism the Reserve Bank of India may cut lending rates in January monetary policy. Movement of the Indian indices for the day: The Indian markets started off the day on a firm note on the back of strong global cues. Markets gave up some of its opening gains as weakness in FMCG counter along with few banks weighed on the gains in IT and Reliance Industries. Later the indices continued to trade with marginal gains in late morning deals. Both the benchmark indices hit fresh two-year highs in early trades with the Sensex touching 19,786 and the Nifty touching 6,017 for the first time since January 2011. Later, the Indian shares consolidated gains in noon trades as investors look ahead to negotiations over US debt limit and spending cuts. On currency front, the rupee depreciated by 17 paise to 54.52 against the US dollar in trade today on the Interbank Foreign Exchange due to appreciation of the American currency against the euro and other currencies in overseas markets. The Sensex closed at 19,764.78, up by 50.54 points, while the Nifty rose 16.25 points to close at 6009.50. | | INDEX PERFORMANCE |  | | | | | MARKET INDICATORS |  | | | | | | Muthoot Finance | 230.00 | 10.21 | | Indiabulls Financial | 309.55 | 6.67 | | Hexaware Technologies | 89.70 | 5.04 | | | | | Adani Enterprises | 280.40 | -1.77 | | | | | | | | | | | | | | | | | | | | | Following are the stocks/sectors which were in news today: - Maruti Suzuki India fell 0.95% after the company's total vehicle sales declined 7.81% to 95,145 units in December 2012 over November 2012.
- Geometric jumped 2.53% in trade today after the company announced the acquisition of 3Cap Technologies GmbH for Euro 11 million.
- NMDC ended 3.13% lower today on reports that state-run miner reduced the price of iron ore lumps by 5.9% or Rs320 a tonne for the current month mainly to align rates with the landed cost of the imported raw material.
- Jet Airways (India) jumped 4.73% in today's trade after the company confirmed that it was in talks with Abu Dhabi's Etihad Airways for a potential stake sale in the Indian carrier.
| Market sentiment The market breadth stood in favor of advances. Of the 3101 stocks traded on the BSE, 1713 (55.24%) rose, 1263 (40.73%) fell and 125 (4.03%) stocks remained unchanged. | Sectoral & stock screening Among the 13 sectoral indices, six sectors closed in the red zone while remaining seven sectors closed in the green zone. Top Gainers- BSE Oil&Gas up by 1.37%, BSE TECk rose by 1.32%, BSE IT surged 1.10%. Top Losers: BSE FMCG was down by 0.50%, BSE CD fell by 0.38% and BSE CG declined by 0.38% Among 'A' group stocks, top three gainers were- Muthoot Finance rose by 10.21%; Indiabulls Finance up by 6.67% and Hexaware Tech surged by 5.04%. Top three losers were- NMDC declined by 3.13%, Bata India was down by 1.84% and Adani Enterprises fell by 1.77%. |  | | | | | | | | Global signals Asian stock markets edged higher on Thursday on hopes of a steady economic revival in China, although oil gave back part of the previous session's strong gains as investors took some money off the table and braced for more U.S. budget battles. European shares rose today, kept afloat largely by Swiss stocks playing catch-up with the FTSEurofirst 300 which hit 20-month highs in the previous session, as the Zurich stock exchange reopened after a holiday. US stocks kicked off the New Year with their best day in over a year on Wednesday, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail the economy's growth. | | | | Commodity Hit List for 03-01-2013 - Evening session | | Support Levels | LTP | Resistance Levels | Action | S2 | S1 | R1 | R2 | Gold Cash USD ($) | 1670 | 1680 | 1685.3 | 1690 | 1695 | Buy Above R1/Sell below S1 | Gold MCX Feb | 30800 | 31000 | 31093 | 31200 | 31400 | Buy Above R1/Sell below S1 | Silver Cash USD ($) | 30.17 | 30.68 | 31.02 | 31.2 | 31.65 | Buy Above R1/Sell below S1 | Silver MCX Mar | 58200 | 58875 | 59091 | 59400 | 60000 | Buy Above R1/Sell below S1 | Copper MCX Feb | 446 | 450.9 | 453 | 454.7 | 458 | Buy Above R1/Sell below S1 | Zinc MCX Jan | 115.6 | 116.7 | 117.65 | 118.1 | 119.5 | Buy Above R1/Sell below S1 | Nickel MCX Jan | 964.5 | 969 | 973.6 | 977 | 990 | Buy Above R1 | Aluminium MCX Jan | 116.7 | 117.2 | 117.85 | 118.1 | 119.5 | Buy Above R1 | Lead MCX Jan | 131.4 | 133 | 133.9 | 135 | 136 | Buy Above R1/Sell below S1 | Crude Oil USD ($) | 91 | 92.3 | 92.74 | 93.22 | 93.9 | Sell below S1 | Crude Oil MCX Jan | 4962 | 5033 | 5061 | 5085 | 5100 | Sell below S1 | Natural Gas MCX Jan | 171 | 173.4 | 176 | 179 | 181 | Sell below S1 | | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | | | | |
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