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Indian stock market morning report by Keynote Capitals (July 3, 2009, Friday, 7.00 a.m. GMT) 3 July 2009 Yesterday’s trading session can aptly be described as a tug-of-war between bulls and bears. There were several short rallies and corrections during the session. There were also a couple of rather major rallies and a major correction with the markets ending flattish. The a-d ratio on both exchanges was fairly tight, at 1.4 on NSE and 1.3 on BSE. Metals, PSUs and real estate were the only sectors which reported gains worth mentioning. Most other sectors were either moderately up or down. Indian stock market morning report by Keynote Capitals (July 2, 2009, Thursday, 7.00 a.m. GMT) 2 July 2009 Indian markets were positive yesterday led by FII buying. Asian markets are trading mixed. Nikkei opened flat as caution set in ahead of US jobs data. Hitachi Ltd jumped on report that it will boost production of lithium ion batteries for hybrid cars. Hang Seng opened up helped by manufacturing data from US and talk of strong growth in new lending in the mainland in June. Indian stock market morning report by Keynote Capitals (July 1, 2009, Wednesday, 7.00 a.m. GMT) 1 July 2009 Sensex stocks witnessed sharp declines yesterday led by real estate, metal, power and capital goods stocks. The correction was particularly pronounced in sectors which are interest rate sensitive. Mid and small cap stocks too corrected sharply, underperforming the Sensex. Investors remained cautious ahead of the Union Budget and avoided long positions. Indian stock market morning report by Keynote Capitals (June 30, 2009, tuesday, 7.00 a.m. GMT) 30 June 2009 Indian markets closed flat yesterday amid huge volatility. Investors, wary ahead of the Union Budget next Monday, booked gains by end of the day. Consumer durables, real estate and metal stocks witnessed investor interest, while IT and auto stocks declined. Indian stock market morning report by Keynote Capitals (June 29, 2009, Monday, 7.00 a.m. GMT) 29 June 2009 Strong Asian and European markets helped Indian markets to close positive on Friday. Both FIIs and domestic institutions were net buyers and bought banks, IT, capital goods and consumer durables stocks. Indian stock market morning report by Keynote Capitals (June 26, 2009, Friday, 7.00 a.m. GMT) 26 June 2009 Amid high volatility, the Sensex dropped 0.5% yesterday, on the weak opening of the European markets. Auto, oil and gas and PSU stocks saw major declines, while real estate and bank stocks rallied. Mobile Number Portability in India 26 June 2009 The Indian telecom industry is about to launch Mobile Number Portability (MNP) in a phased manner, commencing September 2009 and to be completed by March 2010. India is the 8th nation in Asia to launch MNP. MNP is effective in those markets which are highly competitive, with high penetration levels. On the positive side, MNP offers flexibility to the mobile subscriber to change his/her service provider, while on the negative side, it fuels competition among service providers. In a competitive market like India, the real beneficiaries of MNP would be the subscribers, who will get better service offerings at competitive prices. Indian stock market morning report by Keynote Capitals (June 25, 2009, Thursday, 7.00 a.m. GMT) 25 June 2009 Indian markets recovered sharply after a weak opening, on the strong opening of European markets. Power, capital goods, pharma and real estate stocks led the rally. Market breadth was strong at around 2x led by large cap stocks. Indian stock market morning report by Keynote Capitals (June 24, 2009, Wednesday, 7.00 a.m. GMT) 24 June 2009 After a weak opening, the Sensex recovered sharply to close flat, supported by oil and gas, PSU and power stocks. However, banks and metals dropped sharply. Asian markets dropped after a positive opening today. Markets are cautious before the end of Fed meeting today. Energy stocks are up on rising energy prices. Indian stock market morning report by Keynote Capitals (June 23, 2009, Tuesday, 7.00 a.m. GMT) 23 June 2009 Indian market corrected yesterday on FII selling and profit taking in oil and gas, real estate, metals and power stocks. Increasing uncertainties in global economies and June quarter results led FIIs to sell stocks all over the world, also impacting the Indian markets. However, buying from domestic institutions supported the markets. FIIs were net sellers of the equities worth Rs300Cr while domestic institutions bought equities of Rs123Cr. Indian stock market morning report by Keynote Capitals (June 22, 2009, Monday, 7.00 a.m. GMT) 22 June 2009 Led by buying from domestic institutions, Indian markets closed up on Friday. However, FIIs remained net sellers, which fueled volatility. Capital goods, metals and real estate stocks recovered after the weakness over the last few days. Indian stock market morning report by Keynote Capitals (June 19, 2009, Friday, 7.00 a.m. GMT) 19 June 2009 The Indian markets saw yet another round of selling yesterday amid weak global cues and heavy selling by FIIs. The Sensex recorded its 2nd consecutive fall, led by the drop in real estate, metal and power stocks, while IT stocks outperformed. Mid and small cap stocks suffered more, as they saw profit taking after the rally over the last few weeks. Indian stock market morning report by Keynote Capitals (June 18, 2009, Thursday, 7.00 a.m. GMT) 18 June 2009 Weak global markets, uncertainties on government policies about reforms and worries that the government may bring lock in for FII investments pulled down the Indian markets. Real estate, metal, PSU and oil & gas stocks saw huge selling. Indian stock market morning report by Keynote Capitals (June 17, 2009, Wednesday, 7.00 a.m. GMT) 17 June 2009 After a weak opening, the Indian markets recovered on buying in bank, PSU and power sector stocks. Domestic institutions supported the markets at the bottoms. Oil and gas and technology stocks witnessed selling. Indian stock market morning report by Keynote Capitals (June 16, 2009, Tuesday, 7.00 a.m. GMT) 16 June 2009 Indian markets closed negative yesterday on profit taking in metal and oil and gas stocks. Capital goods and real estate stocks too were under pressure. Only FMCG stocks saw some buying. All in all, profit taking is evident by the selling in sectors which had seen a major rally over the last month or so. Indian stock market morning report by Keynote Capitals (June 15, 2009, Monday, 7.00 a.m. GMT) 15 June 2009 Indian markets moved lower Friday on selling by domestic institutions and correction in real estate, auto and technology stocks. Metal and oil and gas stocks saw buying. Even better IIP results could not help markets recover. Indian stock market morning report by Keynote Capitals (June 12, 2009, Friday, 7.00 a.m. GMT) 12 June 2009 The Sensex declined yesterday on profit booking in IT, oil and gas, capital goods and power stocks. Metal stocks witnessed buying, supporting the markets. Indian stock market morning report by Keynote Capitals (June 11, 2009, Thursday, 7.00 a.m. GMT) 11 June 2009 Indian markets were bullish yesterday led by power, consumer durables and capital goods stocks. However, real estate stocks witnessed profit taking from the investors after Tuesday's rally. Indian stock market morning report by Keynote Capitals (June 10, 2009, Wednesday, 7.00 a.m. GMT) 10 June 2009 In spite of a dismal start, Indian markets recovered on strong FII buying and a pull back in real estate stocks. In addition, IT, metals, and consumer durables witnessed heavy buying. Indian stock market morning report by Keynote Capitals (June 9, 2009, Tuesday, 7.00 a.m. GMT) 9 June 2009 After a positive opening, the Indian markets saw a major correction on profit taking by investors, with the Sensex closing lower 2.9% over previous close. Major losers were primarily real estate stocks, while metals stocks also witnessed huge selling. However, IT stocks outperformed the markets. Indian stock market morning report by Keynote Capitals (June 8, 2009, Monday, 7.00 a.m. GMT) 8 June 2009 Amid choppy and volatile session, the Sensex closed marginally positive (up 0.63%) on Friday. Capital goods stocks lead the rally while FMCGs and real estate stocks witnessed selling. Market breadth was tight at around 1.2x. Trend in the institutional turnover was mixed. FIIs bought equities worth Rs832Cr while domestic institutions sold equities of Rs430Cr. Deliverable volumes in top 10 traded stocks on the BSE declined from 29% on Thursday to around 20% on Friday. On the NSE it remained around 23%. Reliance Industries and ITC witnessed strong deliverable volumes and JP Hydro, weak deliverable volumes. Indian stock market morning report by Keynote Capitals (June 5, 2009, Friday, 7.00 a.m. GMT) 5 June 2009 On a late recovery in the latter half of the trading session, the Sensex closed above the crucial 15000 level. The Government's push to reforms reflected in the speech by India's President, coupled with lending rate cuts by leading banks helped markets rally. Real estate, capital goods, pharma and power stocks saw buying. Indian stock market morning report by Keynote Capitals (June 4, 2009, Thursday, 7.00 a.m. GMT) 4 June 2009 Amid high volatility and lack of direction, the Sensex closed moderately negative yesterday. FIIs and domestic institutions both were buyers yesterday of Rs33Cr and Rs53Cr respectively. Bank, IT and oil and gas stocks were weak while FMCG, consumer durables and pharma stocks witnessed buying. Asian markets are weak today on weak overnight close of the US markets. Sentiments were dampened by weak US jobs and mortgage data. Shipping stocks witnessed profit taking and were a drag the markets. Indian stock market morning report by Keynote Capitals (June 3, 2009, Wednesday, 7.00 a.m. GMT) 3 June 2009 Amid volatility, the Sensex ended moderately up yesterday. Mid cap and small cap stocks outperformed the Sensex. FIIs and domestic institutions both were net sellers of Rs233Cr and Rs424Cr respectively. Auto, consumer durables and metal stocks rallied while real estate and power stocks saw a profit taking. Market breadth was tight at 1.5x. Mid and small cap stocks witnessed positive breadth while it was negative with large cap stocks. Deliverable volumes in top ten traded stocks were up on both exchanges. NSE witnessed a moderate upside in deliverable volumes, while those on the BSE jumped from 18% to 29% due to higher deliverable volumes in Essar Oil. Reliance Capital and HDIL traded on weak deliverable volumes. Indian stock market morning report by Keynote Capitals (June 2, 2009, Tuesday, 7.00 a.m. GMT) 2 June 2009 Indian markets continued the bull run yesterday, driven by real estate, metal, IT and FMCG stocks. Market breadth was strong at 4x. Trading turnover declined marginally on both exchanges. On the economy front, exports declined 33% in April. India's leading banks ruled out a drastic cut in lendingrates. The Indian Banks Association said that the banks could cut rates only by 50-100 bps against the industry demand of 400-500 bps. Indian stock market morning report by Keynote Capitals (June 1, 2009, Monday, 7.00 a.m. GMT) 1 June 2009 Indian markets closed strong on Friday with heavy gains on Friday on huge institutional buying. Real estate, capital goods and consumer durables stocks rallied. Market breadth was strong at around 3x on all over buying in large cap, mid and small cap stocks. FIIs and domestic institutions both were buyers of equities worth Rs273Cr and Rs873Cr respectively. Both NSE and BSE witnessed a surge in trading volumes on Friday on strong institutional buying. Deliverable volumes in top 10 traded stocks were robust, driven by Bharti Airtel, Reliance Industries, real estate stocks incl. DLF and Unitech. Reliance Capital traded on weak deliverable volumes. Indian stock market morning report by Keynote Capitals (May 29, 2009, Friday, 7.00 a.m. GMT) 29 May 2009 Indian markets were strong yesterday on FII buying. Metals, PSUs, banks and capital goods stocks witnessed buying. Market breadth was positive at 1.7x led by mid and small cap stocks. FIIs bought equities worth Rs1860Cr, while domestic institutions were net sellers of Rs451Cr. Trading volumes in the NSE were strong while they declined moderately on the BSE. High trading volumes were supported by good deliverable volumes, especially in counters such as Bharti Airtel, Reliance Industries and SBI. Indian stock market morning report by Keynote Capitals (May 28, 2009, Thursday, 7.00 a.m. GMT) 28 May 2009 Rally in the global markets and political stability after the announcement of cabinet expansion helped markets gain yesterday. Optimism on the new packages announcement and PSU sell off led to buying in real estate, PSUs, banks and metal stocks. Market breadth was strong at around 5x. Both FIIs and domestic institutions were net buyers and bought equities worth Rs360Cr and Rs586Cr respectively. Trading volumes on both exchanges improved marginally, while strong rise in the deliverable volumes in top 10 traded stocks indicate buying interest of investors with a medium to long term view. Indian stock market morning report by Keynote Capitals (May 27, 2009, Wednesday, 7.00 a.m. GMT) 27 May 2009 Indian markets were bearish yesterday due to weak Asian markets and institutional selling. Real estate, banks, capital goods and consumer durables stocks saw profit taking while IT stocks outperformed the markets. Market breadth was negative at 0.9x. FIIs and domestic institutions sold equities worth Rs197Cr and Rs138Cr respectively. Indian stock market morning report by Keynote Capitals (May 26, 2009, Tuesday, 7.00 a.m. GMT) 26 May 2009 Indian markets remained highly volatile yesterday on the news of the North Korean nuclear test. Consumer durables, real estate, pharma and FMCG stocks witnessed buying while technology stocks dragged markets down. Mid cap and small cap stocks outperformed large caps. Indian stock market morning report by Keynote Capitals (May 25, 2009, Monday, 7.00 a.m. GMT) 25 May 2009 Indian markets were up on Friday on fresh buying in capital goods and banks stocks. Oil and gas and pharma stocks also witnessed some buying. Market breadth was fairly strong at 3x. FIIs were net sellers of Rs762Cr and domestic institutions were net buyers of Rs435Cr. Indian stock market morning report by Keynote Capitals (May 22, 2009, Friday, 7.00 a.m. GMT) 22 May 2009 Following the cues from global markets, the Indian markets were mostly weak yesterday, except for a brief midsession rally. Small cap stocks rallied while large cap stocks witnessed profit taking. Investors bought PSU stocks on expectations that the new Government may clarify its stand on divestment. Bank, capital goods, auto and IT stocks moved lowered on selling. Market breadth was strong at over 3x. Institutions were net sellers in the markets yesterday. FIIs were net sellers of Rs3Cr while domestic institutions sold equities worth Rs371Cr. Trading volumes declined moderately from Rs283bn to Rs243bn (NSE) and from Rs84bn to Rs80bn (BSE). Deliverable volumes for the top 10 traded stocks also witnessed some weakness. Real estate stocks viz., DLF and HDIL saw weak deliverable volumes. Indian stock market morning report by Keynote Capitals (May 21, 2009, Thursday, 7.00 a.m. GMT) 21 May 2009 After Monday's rally, the action quickly shifted away from large cap stocks yesterday, which were down on profit taking. In contrast, mid and small cap stocks saw a major upmove. Consumer durables, metal stocks rallied while bank, technology and oil and gas stocks dragged markets down. Market breadth was substantially positive at almost 9x. However, strong breadth was not reflected in broad indices like the Sensex. FIIs sold equities worth Rs986Cr and domestic institutions were net buyers of Rs5Cr. Indian stock market morning report by Keynote Capitals (May 20, 2009, Wednesday, 7.00 a.m. GMT) 20 May 2009 Amid volatility, the Sensex closed moderately up yesterday. Real estate, banks, capital goods stocks rallied while IT, pharma stocks dragged markets down. Market breadth was positive at 2.6x led by small and mid cap stocks. Indian stock market morning report by Keynote Capitals (May 19, 2009, Tuesday, 7.00 a.m. GMT) 19 May 2009 Political stability helped the Indian markets hit upper circuits yesterday. Trading was halted twice on reaching 3 circuits. Though the last circuit was hit at 11.55am, the markets officially closed only an hour before normal close. The markets negated weak Asian markets. Real estate, capital goods, bank and oil and gas stocks were on a rampage. The upside was broad based and covered all sectors. Market breadth though high at 75x is not relevant, given the low trading activity, as only 846 shares were traded in; 11 shares closed negative. Indian stock market morning report by Keynote Capitals (May 18, 2009, Monday, 7.00 a.m. GMT) 18 May 2009 Indian markets remained strong throughout Friday's trading session, following cues from the global markets and strong institutional buying. Banks, capital goods, consumer durables and technology stocks led the rally. Buying was witnessed in almost all sectors except FMCG. Indian stock market morning report by Keynote Capitals (May 15, 2009, Friday, 7.00 a.m. GMT) 15 May 2009 Indian markets saw a mixed trend yesterday. While large cap indices led by the Sensex followed weak global cues and closed negative, mid and small cap indices were up on buying. Real estate and auto stocks were up; however they could not help arrest the slide. Oil and gas and technology stocks were a drag. Market breadth was tight at 1x. FIIs sold equities worth Rs302Cr while domestic institutions bought equities worth Rs254Cr. Trading volumes declined considerably yesterday, from Rs160bn levels to Rs130bn levels on the NSE and while on the BSE it went down by half. Deliverable volumes on both exchanges were weak. Real estate stocks rallied yesterday on weak deliverable volumes, while Reliance Capital continued to trade on weak deliverable volumes. Indian stock market morning report by Keynote Capitals (May 14, 2009, Thursday, 7.00 a.m. GMT) 14 May 2009 Indian markets opened positive yesterday following cues from Asian markets. However, profit booking dragged it down and it closed negative amidst volatility. Metals, IT and FMCG witnessed selling pressure. Market breadth was negative at 0.9x. FIIs were major buyers yesterday, buying equities worth Rs41bn. Domestic institutions too bought equities worth Rs1bn. Indian stock market morning report by Keynote Capitals (May 13, 2009, Wednesday, 7.00 a.m. GMT) 13 May 2009 The Sensex recouped losses of last 2 days’ losses to close above the 12000 level. Following a weak opening and lackluster trading on poor IIP numbers, the Sensex rallied to close with gains of over 4%. IT, oil and gas and bank stocks helped it recover strongly. Market breadth was however tight at 1.3x. Buying was witnessed in large cap stocks. Both FIIs and domestic institutions were net buyers of equities worth Rs452Cr and Rs178Cr respectively. Trading volumes increased on both exchanges, from Rs136bn to Rs156bn on the NSE and from Rs44bn to Rs49bn on the BSE. However, deliverable volumes on the NSE declined moderately from 19.7% to 18.7% while it improved on the BSE from 10% to 14.9%. Reliance Industries and SBI witnessed high deliverable volumes while Reliance Capital and Tata Steel traded on weak deliverable volumes. Indian stock market morning report by Keynote Capitals (May 12, 2009, Tuesday, 7.00 a.m. GMT) 12 May 2009 The Sensex could not sustain the strong positive opening yesterday and declined by 1.6% at close, on huge selling in real estate stocks. Consumer durables stocks too witnessed profit taking while capital goods and power stocks were weak. The market breadth was fairly negative at 0.6x led mainly by large cap stocks. Lackluster volumes were witnessed from both FIIs and domestic institutions indicating a cautious approach ahead of the election results. FIIs bought equities worth Rs80Cr while domestic institutions sold equities of Rs17Cr. |
