India Stock Market: Sensex Up 26.07 Points On Monday

Sensex (^BSESN) rose 26.07 points or 0.2% to 13913.22
Nifty (^NSEI) fell 0.95 points or 0.02% to 4237.55.
Mid Cap rose 2.8%. Small Cap raced 5%.
BSE 500 was up 1%. Sensex gainers: 19
Of 13 BSE Sectoral indices, 11 posted gains.
Advancers: 2470, Decliners: 316, Unchanged: 30
Decliners outpaced advancers by a ratio: 8:1.

Sensex Day’s Range: 14028.06 - 13819.25
Nifty Days Range: 4270.05 - 4205.10
52-Week Range: 17637.13 - 7697.39
52-week % change: -21.11

Sensex gainers included Ranbaxy Labs +20.7%, JP Associates +7.2%, Sterlite Ind +5.9%, DLF +5.4%, ITC +3.6%, Tata Power +3% and Sun Pharma +2.1%.

Sensex losers included Bharti Airtel -5.4%, NTPC -1.7%, Grasim -1.6%, HDFC -1.6%, ACC -1.1%, HDFC Bank -0.8% and Infosys -0.8%.

Consumer Durables index climbed 4.8% led by Gitanjali Gems +18.9% at Rs 117.30, Videocon Ind +11.8% at Rs 161.25, Lloyd Electric +10% at Rs 47.30, Rajesh Exports +9.6% and Titan Industries +2.7%.

Realty index advanced 4.3% helped by Parsvnath +10%, Ansal Properties +9.9%, Unitech +8.3%, Omaxe +6.1%, Orbit Corp +5.8% and DLF +5.4%.

Healthcare index surged 2.8% supported by Ranbaxy Labs +20.7%, Aventis Pharma +13.8%, Sun Pharma Advanced +13.7%, Glemmark Pharma +13.7%, Fortis Health +10.7% and Orched Chemicals +9.3%.

FMCG index moved up 2.7% aided by United Breweries +20%, United Spirits +8.1%, ITC +3.6%, Dabur India +3.6%, Nestle +3.5% and Godrej Consumer +3.5%.

Other sectoral movers were: Metal +2%, PSU +1.8%, Auto +1.1%, Oil & Gas +0.6%, Bankex +0.3%, Capital Goods +0.3% and Power +0.1%.

Sectoral losers were: Teck -0.9% and IT -0.3%

Turnover:
Total traded turnover was at Rs 91,258.73 crore. This included Rs 18,806.88 crore from NSE cash segment, Rs 65,151.03 crore from NSE F&O and the balance Rs 7,300.82 crore from BSE cash segment.

Volume shockers on the BSE:
Suzlon Energy 84.00 million shares, Reliance Natural +33.69 mln shares, Ispat ind 27.00 min shares and Satyam Computer 25.3 mln shares

Buzzers:
JP Associates +20.4% at Rs 64.55, Ranbaxy +20.2% at Rs 223, Compact Disc +20% at Rs 62.10, Fertilizers & Chemicals +20% at Rs 41.70, Vishal Information +20% at Rs 56.40, Technocraft Ind +20% at Rs 38.40 and Grauer & Weil +20% at Rs 66.30.

Heavy Losers:
Quantum Digital -11% at Rs 28.35, India Securities -9.9% at Rs 33.35, Patel Integrated -9.6% at Rs 31.45, REI Six Ten -8.5% at Rs 1110, Spectacle Ind -6.5% at Rs 70.20, LKP Finance -6.3% at Rs 96.70 and Thomas Cook -6.3% at Rs 63.80.

Market Movement:
The main BSE stock index jumped 14.1 percent; their most in 17 years, last week after the ruling coalition won a general election decisively during the previous weekend.

Ranbaxy Labs soars 0ver 20 pct:
Ranbaxy Laboratories, after majority stake holder Japanese drugmaker Daiichi Sankyo said Malvinder Singh, chairman and chief executive of its Indian unit had resigned and named replacements for him on Sunday. The stock ended high 20.2 percent to Rs 223 on the BSE.

Suzlon tumbles:
Wind turbine maker Suzlon Energy Ltd will be on the radar after a term sheet showed the company’s founders are selling about $120 million worth of existing shares at a discount of up to 3 percent to their Friday closing price. The share declined over 5 percent to Rs 89.05.

Reliance Infrastructure up 1 pct:
Reliance Infrastructure, on plans to raise Rs 43 billion ($913 million) by issuing share warrants to its founders as it gears up to bid for infrastructure contracts. The share was fractionally flat at Rs 1131.60.

Markets greet Pranab as Finance Minister:
Shrugging off its fancy for Montek Singh Ahluwalia, the capital market has welcomed veteran politician Pranab Mukherjee as the finance inister. Market-men expect considerable improvement in rural economy over the next five years from the man who earlier held the portfolio as external affairs minister.

Market men expect sectors like infrastructure, power, telecom, education, power, and healthcare to flourish, besides focusing on agriculture.

German Confidence Index rises:
German business confidence rose for a second month in May as interest-rate cuts and government stimulus packages boosted expectations that the worst recession since World War II will ease later in the year.
The IFO Institute in Munich said its business climate index, based on a survey of 7,000 executives, increased to 84.2 from 83.7 in April. Economists expected a gain to 85, the median of 39 forecasts in a Bloomberg News survey showed. The index reached a 26-year low of 82.2 in March.

Asian Markets:
Asian markets ended higher. Nikkei gained 1.31% and Straits Times was up 0.99%. Shanghai Composite and Hang Seng were up 0.35-0.48%. However, Kospi and Taiwan Weighted were flat.

European Markets:
European markets were ruling mixed; FTSE +0.5%, DAX -0.6% and CAC -0.2%.

Crude:
Crude was quoting at $61.06 per barrel

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