India Stock Market: Sensex Up 92.13 Points On Tuesday

Sensex (^BSESN) up 92.13 points on Tuesday (October 6, 2009)

Sensex rose 92.13 points or 0.6% to 16958.54
Nifty (^NSEI) rose 24.20 points or 0.5 to 5027.40.
Mid Cap index rose 0.2%. Small Cap rose 0.7%.
BSE 500 was up 0.3%. Sensex gainers: 14

Of 13 BSE Sectoral indices, 10 posted gains.
Advancers: 1039, Decliners: 1685, Unchanged: 79
Advance/Decline ratio: 5:8

Sensex Day’s Range: 16988.56 - 16622.05
Nifty Days Range: 5034.70 - 4921.05
52-Week Range: 17195.61 - 7697.39
52-week Change: -1.4%
All Time High: 21206.77 (10 Jan 2008)

Sensex gainers included Hindalco +6.1%, HUL +5.6%, Reliance Infra +5.2%, ITC +3.5%, BHEL +3.3% and Sterlite Ind +3%.

Sensex losers included Reliance Comm -10.6%, Bharti Airtel -10.6%, ACC -2.1%, Wipro -1.6%, Sun Pharma -1.5% and DLF -1.4%.

FMCG index rose 3.3% led by HUL -5.6%, Godrej Consumer -5.2%, ITC -3.5%, Nestle -2.5%, Colgate +2.3% and Marico +2%.

Metal index gained 2.2% helped by Hindalco +6.1%, JSW Steel +3.9%, Sterlite Ind +3%, Sesa Goa +2.8% and Tata Steel +2.6%.

Bankex climbed 1.9% supported by Axis Bank +3%, ICICI Bank +3%, Bank of Baroda +2.8%, Indian Overseas Bank +2.1% and Kotak Mahindra Bank +2.1%.

Capital Goods index shot up 1.5% assisted by Gammon India +8.2%, BHEL +3.3%, Thermax +2.3%, Jyoti Structure +1.9% and Punj Lloyd +1.8%.

Other sectoral gainers were: Power +1.2%, Auto +0.6%, Healthcare +0.5%, Consumer Durables +0.3%, PSU +0.2% and Oil & Gas +0.04%.

Tech index tanked 3.4% led by Reliance Comm -10.6%, Bharti Airtel -10.2%, Idea Cellular -8.3%, HCL Tech -5.4% and MTNL -5.1%.

Other two sectoral losers were: Realty -0.9% and IT -0.6%

Turnover:
Volumes were very high in today’s trade; total traded turnover was at Rs 1,16,249.05 crore as against Rs 79,766.65 crore on Monday. This included Rs 21,128.25 crore from the NSE cash segment, Rs 88,732.6 crore from the NSE F&O and the balance Rs 6,388.2 crore from the BSE cash segment.

Buzzers:
Hardcastle & Waud +20% at Rs 547.90, Novopan +19.9% at Rs 42.40, Singer India +19.6% at Rs 50.55, Alfa Tranformer +19.3% at Rs 42.60, Rane Holdings +17.6% at Rs 118.20 and Omnitech Info +12.9% at Rs 138.80.

Heavy Losers:
Reliance Comm -10.6% at Rs 268.25, Bharti Airtel -10.2% at Rs 359.40, Omkar Overseas -10% at Rs 84.15, Idea Cellular -8.3% at Rs 64.75, Ramkrishna Forge -7.7% at Rs 81.10 and Hester Bio -7.7% at Rs 80.10.

Midcap Movers:
Jet Airways was up 10.4%. IRB Infra, Rolta, Voltas and Godrej Consumer gained 5-6%.

Midcap Losers:
Jubilant, HOEC, Madras Cements, Chennai Petroleum and Asian Star fell 4-5%.

Smallcap Movers:
Suashish Diamon, Dolphin Offshore, Energy Dev, Gammon India and 3i Infotech went up 7.5-11.5%.

Smallcap Losers:
Binani Industries, Prism Cement, Indian Metals, ABG Infralogistics and Geekay Finance declined 5-7%.

Telecom shares badly hit:
Telecom stocks remained under pressure for the second consecutive day. Brokerages downgraded stocks and raised concerns over their earnings post TRAI (Telecom Regulatory Authority of India) statment, which said per-second tariff could be made compulsory.

Reliance Communications, the No. 2 mobile operator, on Monday reduced call charges across networks to a flat 50 paise (1 U.S. cent) per minute, heating up the tariff war in a market that is getting increasingly competitive.
The shares like Reliance Comm (-10.6%), Bharti Airtel (-10.2%), Idea Cellular (-8.3%) and MTNL (-5.1%) were hit.

Lupin rises 3.7 pct:
Lupin Ltd was up 4.3 percent at 1,220.50 rupees after the drug maker received an upfront payment of $5 million for giving exclusive U.S. rights to Salix Pharmaceuticals for its drug delivery technology for use with diarrhea treatment rifaximin.

Madhucon Projects up 4.4 pct:
Madhucon Projects was up 2.2 percent at 257 rupees after its joint venture got a $3.9 million road project from the Nepal government. Its shares had risen as much as 9.4 percent earlier.

In October, Sensex down 11 times in 18 years:
The Sensex has given negative returns in nearly two out of three occasions since 1991 when the economy opened up. The benchmark index has declined in 11 out of 18 years in October, data with BSE and domestic brokerage firm Anand Rathi financial services shows.

The onset of the festival season and the announcement of corporate results act as a trigger for booking profits. Though observers expect the quarter-ending September to be strong as advance tax payments have been buoyant, some believe earnings might lose steam after the festival season gets over.

Asian Markets:
Asian markets ended higher; Straits Times, Jakarta, Hang Seng and Taiwan Weighted gained 1-2%. Nikkei was up 0.18% while Kospi fell 0.5%.

European Markets:
European markets were quoting: FTSE 100 was +1.5 %. The CAC 40: +1.7% and the DAX was +1.4%.

Crude:
Crude was quoting at $71.53 per barrel.

Metals rally:
Copper for delivery in three months rose 2.4 percent to $6,060 a metric ton on the London Metal Exchange. Aluminum, nickel and zinc also advanced. Gold for immediate delivery gained 0.8 percent to $1,025.01 an ounce, within 1 percent of the record $1,032.70 reached in March last year.

Optimism:
Stocks rose around the world and commodities rallied as Australia unexpectedly increased interest rates, the first Group of 20 nations to do so since the recession began, amid evidence the recovery is gathering momentum.

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