Monday, March 7, 2011

Intraday Share Market Tips


The FIIs on Friday as net buyer in equity and debt. Gross equity purchased stood at Rs. 3464.70 Crore and gross debt purchased stood at Rs. 1765.30 Crore, while the gross equity sold stood at Rs. 3183.90 Crore and gross debt sold stood at Rs. 593.80 Crore. Therefore, the net investment of equity and debt reported were Rs. 280.80 Crore and Rs. 1171.50.

Top traded Volumes on NSE Nifty – Jaiprakash Associates Ltd. 2057303, Suzlon Energy Ltd. 13851095, Reliance Power Ltd. 12596290, Reliance Communications Ltd. 11284475, Hindalco Industries Ltd. 8571950.

On BSE, total number of shares traded was 24.91 Crore and total turnover stood at Rs. 3128.67 Crore. On NSE, total number of shares traded was 57.90 Crore and total turnover stood at Rs. 11712.65 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 620725 with a total turnover of Rs. 16142.36 Crore. Along with this total number of contracts traded in stock futures were 534423 with a total turnover of Rs. 13698.63 Crore. Total numbers of contracts for index options were 2609512 with a total turnover of Rs. 72698.89 Crore. and total numbers of contracts for stock options were 85201 with a total turnover of Rs. 2291.19 Crore.

Today, intraday nifty would have a support at 5,476 and resistance at 5,571 and BSE Sensex has support at 18,269 and resistance at 18,598.

On Friday, the U.S. markets closed lower despite a late flurry of buying lifted the Dow almost 90 points, which went in vain as participants overlooked an encouraging jobs report to focus on oil''s climb to a new two-year high. On the economic front, February nonfarm payrolls increased by 192,000 and private payrolls increased by 222,000, against the expected increases of 185,000 and 198,000, respectively. 

In addition to this, upward revisions to prior month data helped trim the headline unemployment rate to a 22-month low of 8.9% from 9.0% in January. However, interest created by the jobs report was restrained by increase in oil prices. The risk of spreading social and political unrest in the Middle East and North African region pushed the oil prices. Further, at session lows, the Dow was down 1.5%, the Nasdaq was down 1.1%, and the S&P 500 was down 1.4%. 

However, all the three major averages managed to trim losses in second half with the late resurgence of buying interest. Even though the broad market was able to slash a large part of its loss, financials closed with a loss of 1.3%, which made them the worst performing sector. Crude oil contracts for April closed higher by 2.5% to $104.42 per barrel while March natural gas prices finished 0.7% lower to $3.81 per MMBtu.

On the global markets front, all the major indices in Asia closed on a positive note. The Seoul Composite, Jakarta Composite, Shanghai Composite, Hang Seng and Nikkei225 advanced by 1.73% at 2,004.68, 1.38% at 3,542.90, 1.35% at 2,942.17, 1.24% at 23,408.86 and 1.02% at 10,693.66 respectively.

European markets, which opened after the Indian market were trading on a positive note. Key benchmark indices like – CAC 40 was trading higher by 0.58% at 4,084.47, FTSE 100 advanced by 0.71% at 6,047.89 and in Frankfurt, DAX index was trading up by 0.92% at 7,292.21.

The BSE Bankex index was at 12,444.59 up by 65.46 points or by 0.53%. The main gainers were Federal Bank Ltd. (Rs. 370.30,+2.73%), IndusInd Bank Ltd. (Rs. 238.85,+2.73%), Axis Bank Ltd. (Rs. 1328.30,+1.81%), HDFC Bank Ltd. (Rs. 2218.45,+1.16%) and Union Bank of India (Rs. 327.00,+0.96%).

The BSE CG index was at 12,950.74 down by 272.25 points or by 2.06%. The main losers were Gammon India Ltd. (Rs. 122.45, 4.86%), Larsen & Toubro Ltd. (Rs. 1610.80, 3.08%), Punj Lloyd Ltd. (Rs. 64.65, 2.49%), Areva T&D India Ltd. (Rs. 266.70, 2.31%) and Bharat Heavy Electricals Ltd. (Rs. 2085.00, 1.94%).

On the corporate front, share of Aurobindo Pharma Ltd surged 3.99% to Rs 183.55 following an assurance from Pfizer Inc that it would help the company to help resolve an import alert imposed by US regulators restricting the supply of medicines from an Aurobindo plant.

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