Reports » India

Indian stock market daily morning report (October 04, 2012, Thursday)

Contributed by Keynote Capitals

Views on markets today

- The BSE Sensex closed the session at 18,869.69, up 45.78 points or 0.24% and Nifty 50 ended at 5,731.25, up 14.5 points or 0.22% extending the rally for the third consecutive day. Oil and gas, PSU and health care stocks were the best performers.

- The BSE Sensex gainers were Hindustan Unilever, up 2.37%; Coal India, up 1.98%; and TCS, up 1.46%.

- The main losers were Jindal Steel, down 4.58%; Hero MotoCorp, down 1.66%; Bajaj Auto, down 1.56%

- Among the 13 sectoral indices, six sectors closed in negative, while remaining seven sectors closed in positive. Top Gainers: BSE Oil&Gas up by 0.99%, BSE PSU gained by 0.63%, BSE HC surged by 0.55%. Top Losers: BSE Auto down by 0.36% and BSE CD down by 0.22%.

- Market breadth was positive at ~1.50x as investors bought large cap stocks. On provisional basis, FII bought equity of '6.02bn and domestic institutions sold equity of '6.68bn in cash segment.

- Asian markets are up today following the cues from the US and Europe markets on improving sentiments of the investors.

- We expect a cautiously positive opening for the Indian markets ahead of crucial cabinet meeting on FDI in insurance and pension sectors.

Economic and Corporate Developments

Government to announce reforms in companies, insurance, pension, competition and forward contract act.

Buzzing Stocks

- Gujarat NRE group sells off entire stake in two Australian oil exploration blocks for Rs 192 crore

- Hindustan Motors agrees to pay West Bengal government Rs 194 crore plus interest over disputes of factory land

- Petrol price may be cut by Rs 1.6/litre later this month

- Oil India to announce Shale Gas buy today: (Press conference today)

- Mylan sues USFDA over Ranbaxy 's generic version of Novartis drug Diovan

- Raymond 's plans to sell 9.4 acres Thane land fails as developer backs out

- Creditors okay Maruti Suzuki, Suzuki Power train India merger

- UK-based Asergis moves TDSAT against Bharti Airtel

- Goa Cabinet illegal mining case: Clears formation of committee to probe into MB Shah report