ross18
Rohan Sanghavi
Sensex hits 15,000, party time for bourses
The marketmen, analysts and brokers were eyeing it for a long time, and it was mid-noon Friday that the trading reached its peak and pushed the benchmark Sensex to an all time high of 15,000 points. The National Stock Exchange index Nifty too surged above 4400 level at 13:20 hours IST.
Nifty futures discount has widened a little bit to 18 points. This rise has come despite weak cues from Asia and US. Except for the bankex, all the BSE sector indices were trading in green. IT, capital goods and oil and gas stocks were leading the uptrend.
While the trade analysts had expressed fear about IT stocks saying that those were likely to fall in to the red following strengthening rupee and the currency impact on their net earnings. However, in a turnaround of events IT stocks showed major recovery and most IT bellwether firms consolidated on the bourses.
Wipro was up 1.11 per cent on the news that its arm Wipro Consumer Care has acquired 100 per cent in Unza Holdings for USD 246 million.
"I don't see a problem in the Indian markets in the long term. There should be no problem in liquidity, because in a liquidity driven market some correction is expected," said Abhay Aima, an Investment Consultant.
"A lot depends on the results of the technology majors. If all goes as per expectations, the Sensex can test 15,500 levels soon," said Ashu Kakkar, Technical Analyst, Skypowerfinancialservices.com.
After remaining in the negative terrain for almost a week, IT stocks picked up and pushed the IT index up nearly 2 per cent. The gainers on the index were Tech Mahindra, Patni Computer, TCS, Satyam, I-Flex Solution.
Midcaps and smallcaps also participated in the uptrend giving markets healthy breadth.
ACC, Ambuja Cements, Reliance Comm, Suzlon Energy, Reliance Energy and Bharti Airtel were the top gainers. Nalco, HDFC, ICICI Bank, Satyam, GAIL Maruti Udyog, TCS and ONGC top losers.
Most active shares on the bourses were DLF, ICICI Bank, IL&FS and IFCI. In the midcap space top gainers are PTC India, Shree Precoated, IL&FS Investsma, Blue Dart, Berger Paints, Thermax, Prism Cement.
Market cues
F&O cues
DLF options
Source :- ibnlive.com
The marketmen, analysts and brokers were eyeing it for a long time, and it was mid-noon Friday that the trading reached its peak and pushed the benchmark Sensex to an all time high of 15,000 points. The National Stock Exchange index Nifty too surged above 4400 level at 13:20 hours IST.
Nifty futures discount has widened a little bit to 18 points. This rise has come despite weak cues from Asia and US. Except for the bankex, all the BSE sector indices were trading in green. IT, capital goods and oil and gas stocks were leading the uptrend.
While the trade analysts had expressed fear about IT stocks saying that those were likely to fall in to the red following strengthening rupee and the currency impact on their net earnings. However, in a turnaround of events IT stocks showed major recovery and most IT bellwether firms consolidated on the bourses.
Wipro was up 1.11 per cent on the news that its arm Wipro Consumer Care has acquired 100 per cent in Unza Holdings for USD 246 million.
"I don't see a problem in the Indian markets in the long term. There should be no problem in liquidity, because in a liquidity driven market some correction is expected," said Abhay Aima, an Investment Consultant.
"A lot depends on the results of the technology majors. If all goes as per expectations, the Sensex can test 15,500 levels soon," said Ashu Kakkar, Technical Analyst, Skypowerfinancialservices.com.
After remaining in the negative terrain for almost a week, IT stocks picked up and pushed the IT index up nearly 2 per cent. The gainers on the index were Tech Mahindra, Patni Computer, TCS, Satyam, I-Flex Solution.
Midcaps and smallcaps also participated in the uptrend giving markets healthy breadth.
SENSEX CLIMB
- 14,000: December 5, 2006 The Sensex on December 5, 2006 crossed the magical figure of 14,000 to touch 14,028 points in early morning trade. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
- 13,000, October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
- 12,000, April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
- 11,000, March 27, 2006 The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
- 10,000, February 7, 2006 The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
- 9000, November 28, 2005 The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
- 8000, September 8, 2005 On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index—the Sensex—crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
- 7000, June 20, 2005 On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
- 6000, February 11, 2000 On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
- 5000, October 8, 1999 On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
- 4000, March 30, 1992 On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
- 3000, February 29, 1992 On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
- 2000, January 15, 1992 On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
- 1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
ACC, Ambuja Cements, Reliance Comm, Suzlon Energy, Reliance Energy and Bharti Airtel were the top gainers. Nalco, HDFC, ICICI Bank, Satyam, GAIL Maruti Udyog, TCS and ONGC top losers.
Most active shares on the bourses were DLF, ICICI Bank, IL&FS and IFCI. In the midcap space top gainers are PTC India, Shree Precoated, IL&FS Investsma, Blue Dart, Berger Paints, Thermax, Prism Cement.
Market cues
- FIIs net buy USD 202.3 mn in equity on July 04
- MFs net sell Rs 427.2 crore (Rs 4.27 billion) on July 04
- NSE F&O Open Interest up by Rs 774 crore (Rs 7.74 billion) at Rs 69,466 crore (Rs 694.66 billion)
F&O cues
- Futures Open Interest up by Rs 43 crore (Rs 430 million); Options Open Interest up by Rs 732 crore (Rs 7.32 billion)
- Nifty July Futures shed 7.6 lakh shares in Open Interest
- Nifty Aug futures add 2.1 lakh shares in Open Interest
- Nifty Open Interest Put-Call ratio up to 1.51 from 1.47
- Nifty Calls add almost 2.1 lakh shares in Open Interest
- Nifty Puts add 8.3 lakh shares in Open Interest
- Nifty Aug 4300 Put adds 2 lakh shares in Open Interest
- Nifty 4450 Call adds 1.3 lakh shares in Open Interest
- Nifty 4300, 4400 Put adds 1.3 lakh shares in Open Interest
- Nifty 4300 Call sheds 1.3 lakh shares in Open Interest
DLF options
- 560 Call adds 2.6 lakh shares in Open Interest
- 600 Call adds 2.4 lakh shares in Open Interest
- 580 Call adds 2.1 lakh shares in Open Interest
Source :- ibnlive.com