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Post-market: Mkts on gaining spree for 3rd straight session; Nifty ends above 6000

Thursday, January 3, 2013

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
Now also get commodity calls in this report!!!

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
Index Close % chg
Sensex 19,764.78 0.26
Nifty

6,009.50

0.27

 
 MARKET INDICATORS 
Top Movers (Group A)
Company Price (Rs) % chg
Gainers
Muthoot Finance

230.00

10.21

Indiabulls Financial

309.55

6.67

Hexaware Technologies

89.70

5.04

Losers
NMDC

162.55

-3.13

Bata India

881.15

-1.84

Adani Enterprises

280.40

-1.77

Market Statistics
s

BSE

NSE

Advances

1,713

1,048

Declines

1,263

711

Volumes (Rs crore)
Cash (BSE+NSE)

15,096

F&O (NSE)

71,184

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

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