Mkt trades higher: Sensex above 15K; Nfty breaches 4600

The markets have gained some ground and are trading in green. Europe has opened in green lending some positive cues to the markets. Benchmark indices have outperformed the broader markets. After breaching 15,000 levels Sensex is trading above that mark and Nifty has breached 4,600. Bank, metal, realty stocks are among the top laggards on the indices. Buying is seen in energy, capital goods, IT stocks. CNX Midcap index is back in green.

At 2.06 hrs IST, the Sensex is up 256.20 points or 1.73% at 15065.69, and the Nifty up 101.50 points or 2.25% at 4604.60.

About 913 shares have advanced, 2065 shares declined, and 78 shares are unchanged.

Relaince Energy, DLF, Tata Communication, and BPCL are among the top gainers up over 4% each followed by Satyam, Bharti Airtel, BHEL .

NTPC, L&T, Reliance, ONGC, Tata Communication and ICICI Bank are among the frontline gainers

Sterlite Ind was down over 4%, JP Associates, HDFC Bank, Tata Steel down over 2% each, HDFC, HCL Tech and M&M were among the other losers on boures.

JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.

Markets ranged amid volatility: Bank, metal down

The markets opened flat after the sun outage on account of lack of buying in scrips. The markets have been volatilie in a tight range. It is flat for frontline indices but broader markets continue to trade lower. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is negative. On the global front, Asian markets are trading mixed.

At 12:35 hrs IST, the Sensex is up 46.06 points or 0.31% at 14850, and the Nifty up 22 points or 0.1% at 4508.10.

About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged.

BPCL, Nalco, Satyam, Bharti Airtel, BHEL were among the top gainers on the indices.

Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures.

JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.

Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.

* Reliance Pays Rs 443 Cr Vs Rs 118 Cr (YoY)
* Tata Steel Pays Rs 300 Cr Vs Rs 350 Cr (YoY)
* Tata Motors Pays Rs 75 Cr Vs Rs 190 Cr (YoY)
* TCS Pays Rs 115 Cr Vs Rs 20 Cr (YoY)
* Indian Hotel Pays Rs 44 Cr Vs Rs 2 Cr (YoY)
* M&M Pays Rs 116 Cr Vs Rs 83 Cr (YoY)
* L&T Pays Rs 170 Cr Vs Rs 80 Cr (YoY)
* ICICI Bank Pays Rs 250 Cr Vs Rs 125 Cr (YoY)
* HDFC Bank Pays Rs 250 Cr Vs Rs 165 Cr (YoY)
* Bank Of India Pays Rs 191 Cr Vs Rs 150 Cr (YoY)
* Union Bank Pays Rs 130 Cr Vs Rs 100 Cr (YoY)
* Central Bank Pays Rs 220 Cr Vs Nil (YoY)
* Ambuja Cem Pays Rs 175 Cr Vs Rs 100 Cr (YoY)
* MRPL Pays Rs 100 Cr Vs Rs 20 Cr (YoY)

11.30: Mkts slip: Midcaps, bank, metal, realty down

The markets have slipped and are trading in red with marginal losses. CNX midcap has given slipped deeper into the red. Bank, metal, realty stocks are among the top laggards on the indices. Selective buying is seen in energy stocks. Market breadth is On the global front, Asian markets are trading mixed.

At 11.30 hrs IST, the Sensex was down 46.06 points or 0.31% at 14763.43, and the Nifty down 10.30 points or 0.23% at 4492.80.

About 771 shares have advanced, 2199 shares declined, and 85 shares are unchanged.

Sterlite Ind was down over 8%, JP Associates, HDFC Bank, Tata Steel down over 4% each, HDFC, HCL Tech and M&M were among the other losers on boures.

JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.

Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.

* Reliance Pays Rs 443 Cr Vs Rs 118 Cr (YoY)
* Tata Steel Pays Rs 300 Cr Vs Rs 350 Cr (YoY)
* Tata Motors Pays Rs 75 Cr Vs Rs 190 Cr (YoY)
* TCS Pays Rs 115 Cr Vs Rs 20 Cr (YoY)
* Indian Hotel Pays Rs 44 Cr Vs Rs 2 Cr (YoY)
* M&M Pays Rs 116 Cr Vs Rs 83 Cr (YoY)
* L&T Pays Rs 170 Cr Vs Rs 80 Cr (YoY)
* ICICI Bank Pays Rs 250 Cr Vs Rs 125 Cr (YoY)
* HDFC Bank Pays Rs 250 Cr Vs Rs 165 Cr (YoY)
* Bank Of India Pays Rs 191 Cr Vs Rs 150 Cr (YoY)
* Union Bank Pays Rs 130 Cr Vs Rs 100 Cr (YoY)
* Central Bank Pays Rs 220 Cr Vs Nil (YoY)
* Ambuja Cem Pays Rs 175 Cr Vs Rs 100 Cr (YoY)
* MRPL Pays Rs 100 Cr Vs Rs 20 Cr (YoY)

Mkts trade flat: Energy, cap goods gain; midcaps slip

The markets are trading higher with buying support from oil, telecom, power, realty, technology, FMCG and capital goods stocks. Market breadth is negative, about 1034 shares have advanced, 1933 shares declined, and 88 shares are unchanged. Midcaps are almost flat. On the global front, Asian markets are trading mixed. However, banking and auto stocks are down.

At 10:31 am, the Sensex was up 103 points at 14,912 and the Nifty up 43 points at 4,546. NSE advance:decline ratio mixed with negative bias at 515:578.

DLF, Bharti Airtel, NTPC, Reliance Communication and Nalco were top gainers while JP Associates, HDFC Bank, HDFC, Sterlite, HCL Tech and M&M top losers on boures.

JP Associates, Axis Bank, RNRL, Indiabulls Real Estate and ICICI Bank were most active shares.

Telecom, capital goods, power and oil stocks were getting strong support from buyer's hands. The BSE Teck, Capital Goods, Power and Oil indices were up over 1%. However, Bankex and Auto indices were down over 0.3%.

Companies have paid advance taxes for the quarter ended March 2008. Mukesh Ambani's Reliance Industries paid Rs 443 crore versus Rs 118 crore YoY.

* Reliance Pays Rs 443 Cr Vs Rs 118 Cr (YoY)
* Tata Steel Pays Rs 300 Cr Vs Rs 350 Cr (YoY)
* Tata Motors Pays Rs 75 Cr Vs Rs 190 Cr (YoY)
* TCS Pays Rs 115 Cr Vs Rs 20 Cr (YoY)
* Indian Hotel Pays Rs 44 Cr Vs Rs 2 Cr (YoY)
* M&M Pays Rs 116 Cr Vs Rs 83 Cr (YoY)
* L&T Pays Rs 170 Cr Vs Rs 80 Cr (YoY)
* ICICI Bank Pays Rs 250 Cr Vs Rs 125 Cr (YoY)
* HDFC Bank Pays Rs 250 Cr Vs Rs 165 Cr (YoY)
* Bank Of India Pays Rs 191 Cr Vs Rs 150 Cr (YoY)
* Union Bank Pays Rs 130 Cr Vs Rs 100 Cr (YoY)
* Central Bank Pays Rs 220 Cr Vs Nil (YoY)
* Ambuja Cem Pays Rs 175 Cr Vs Rs 100 Cr (YoY)
* MRPL Pays Rs 100 Cr Vs Rs 20 Cr (YoY)

Markets open lower mirroring weak global cues

The markets have opened lower following weak cues across the globe and selling pressure in banking, power, oil and capital goods stocks but turned volatile in morning trade.

At 9:56 am, the Sensex was down 83 points at 14725 and the Nifty down 26 points at 4476.

ICICI Bank, Reliance Energy, Tata Power, HDFC Bank, Tata Comm, HDFC, Satyam, L&T, Reliance Ind and SBI were major losers.

Asian markets were trading lower barring Nikkei. Shanghai Composite fell 1.79% or 68.21 points at 3,751.84. Hang Seng was down 2.37% or 499.75 points at 20,584.86. Jakarta Composite plunged 2.22% or 51.44 points at 2,260.88.

Straits Times was down 0.82% or 23.01 points at 2,769.74. Seoul Composite went down 3.74 points or 0.24% at 1,570.70. Taiwan Weighted fell 0.07% or 5.56 points at 7,999.90.

However, Japan's Nikkei was up 0.79% or 93.66 points at 11,881.17.

Wall Street did start off on a nervous note but markets recovered some ground in afternoon trade and the Dow finished with a small gain. Investors rewarded JP Morgan for its weekend move on Bear Stearns. But punished other banks on conerns that they might be over valued.

The Dow gained 21.16 points, or 0.18%, to 11,972.25. The Standard & Poor's 500 index was down 11.54 points, or 0.90%, to 1,276.60. The Nasdaq composite index declined 35.48 points, or 1.60%, to 2,177.01.

Market cues:

* FIIs net sell $31.9 m in equity on Mar 14
* NSE F&O Open Int down Rs 2909 cr at Rs 64335 cr

F&O cues:

* Futures Open Int down by Rs 3,530 crore, Options Open Int up by Rs 621 cr
* Nifty Futures shed 11 lakh shares in Open Int; at 4-point discount
* Stock Futures shed 2.5 cr shares in Open Int
* Nifty Open Int PCR at 0.85 vs 0.92
* Nifty Puts Open Int unchanged, Calls add 12.3 lakh shares in Open Int
* Nifty 4400 Put adds 3.4 lakh shares in Open Int
* Nifty 4600 Put sheds 4 lakh shares in Open Int
* Nifty 4350 Put adds 2.6 lakh shares in Open Int
* Nifty 4700 Put sheds 2.4 lakh shares in Open Int
* Nifty 4500 Call adds 3.7 lakh shares in Open Int
* Nifty 4700 Call adds 2.2 lakh shares in Open Int
* Nifty 4600 Call adds 2 lakh shares in Open Int

Source : MoneyControl