Indian Market Down 11.69 Points On Thursday

Sensex fell 11.69 points or 0.1% to 13757.46.
Nifty rose 2.05 points or 0.05% to 4080.95.
Mid Cap index rose 0.6%. Small Cap fell 0.1%.
BSE 500 was up 0.2%. Sensex losers: 15

Of 13 BSE Sectoral indices, 6 posted losses.
Advancers: 1078, Decliners: 1465, Unchanged: 95
Advance/Decline ratio: 5:7

Sensex Day’s Range: 13879.18 - 13643.97
Nifty Days Range: 4114.90 - 4039.85
52-Week Range: 15600.30 - 7697.39
52-week change: -11.8%

Sensex gainers included Reliance Infra +2.5%, Sun Pharma +2.4%, TCS +2.3%, Sterlite Ind +2%, ITC +1.9% and Tata Power +1.8%.

Sensex losers included Tata Motors -3.2%, ICICI Bank -2.8%, DLF -2%, Mahindra & Mahindra -2%, Infosys -1.7% and L & T -1.7%.

Metal index rose 1.5% led by Welspun Guj +5%, Guj NRE Coke +4.6%, Hind Zinc +4.5%, Jindal Steel +4.4% and Sail +4%.

Healthcare index moved up 1.1% supported by Wockhardt +6.4%, Dishman Pharma +6%, Biocon +4.4%, Apollo Hospital +3.7% and Aurobindo Pharma +3.6%.

FMCG index advanced 1% aided by United Spirits +4.9%, Godrej Consumer +4.1%, Marico +3.8%, Colgate India +2.4% and ITC +1.9%.

Oil & Gas index surged 0.9% helped by GAIL +3.2%, HPCL +2.2%, Cairn India +1.4%, BPCL +1.4% and Reliance Ind +1.3%.

Other sectoral movers were: PSU +0.2%, Auto +0.06% and Power +0.05%.

Consumer Durables index fell 1.4% led by Rajesh Exports -2.3%, Titan Ind -2%, Blue Star -1.6%, Videocon Ind -1.2% and Gitanjali Gems -0.8%.

Capital Goods index slipped facilitated by Crompton Greaves -3.4%, Reliance Infra -2.8%, Everest Kanto -2.8%, Kalaptaru Power -2.6% and Usha Martin -2.5%.

Other sectoral losers were: IT -0.6%, Bankex -0.4%, Realty -0.2% and Teck -0.01%.

Volume shockers on the BSE:
Unitech 57.1 million shares, Suzlon Energy 20.5 mln shares and Mahindra Satyam 11.5 million shares

Turnover:
Total traded turnover was at Rs 73,861.17 crore as against Rs 88,934.49 crore on Wednesday. This included Rs 15,935.64 crore from the NSE cash segment, Rs 53,047.24 crore from the NSE F&O segment and Rs 4,878.29 crore from the BSE cash segment.

Buzzers:
Manglam Timber +20% at Rs 22.80, KSK Energy +19% at Rs 226.80, Kanoria Chemical +15.9% at Rs 31.15, Jai Balaji Ind +15.4% at Rs 201 and Educomp +13.4% at Rs 3902.85.

Heavy Losers:
IOL Chemicals -11.3% at Rs 48.90, Dwarikesh Sugar -10% at Rs 71.15, JMT Auto -9.9% at Rs 29.65, Magna Electro -9.8% at Rs 37.15 and Kalpena Ind -9.8% at Rs 71.75.

Educomp jumps on QIP plans:
Educational services provider Educomp Solutions Ltd rose 13.4 percent to Rs 3,902.85 after its board approved raising up to Rs 6.07 billion via a qualified institutional placement.

Telecom shares ring:
In the telecom space, Tata Teleservices was up 3.5% and Bharti Airtel gained 0.95%. Idea Cellular, Reliance Communication and Tata Communication were up 0.3-0.4%.

Inflation:
Inflation for week-ended June 27 came in at -1.55% versus -1.30% week-on-week (WoW). The inflation for week-ended May 2 has been revised to 1.48% as against 0.48% (provisional). The Wholesale Price Index (WPI) for all commodities was up 0.04% at 234.7 (WoW).

Infosys Results on Friday:
Export-focused outsourcer Infosys Technologies, which kicks off the Q1 earnings results on Friday, is forecast to report quarterly profit to fall 13 percent from January-March, but many companies that depend on the domestic market are expected to post better results, traders said.
Infosys, the country’s second-largest outsourcer, fell 1.7 percent to Rs 1,676.75.

Britain’s Economy:
Britain’s recession probably eased in the second quarter and the economy may now be stagnating, the National Institute of Economic and Social Research said this week. Governor Mervyn King, who kept the interest rate at 0.5 percent said, evidence from the bank’s program seems “positive” so far, though the credit squeeze remains a threat to the recovery.

Asian Markets:
Asian mixed closed mixed. Shanghai Composite and Taiwan Weighted gained 1.2-1.4%. Straits Times was up 2.1%. However, Nikkei fell 1.4%. Hang Seng and Seoul Composite were flat.

European Markets:
European markets were quoting: FTSE 100 was +0.6%. The CAC 40: +1.2% and the DAX was +0.8%.

Crude:
Crude was quoting at $61.08 per barrel.

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