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

MUMBAI: Equities opened flat to negative on Tuesday morning, tracking mixed cues from Asian peers and amid uncertainty in the overall sentiment. At 10:05 am, the Bombay Stock Exchange’s Sensex was up 37 points or 0.25 per cent at 14,846.64. The index touched a high of 14,725.68 and low of 14,677.24 in trade so far.

Sensex gainers comprised Larsen & Toubro (up 0.98%), Maruti Suzuki (0.43%) and DLF (0.35%). HDFC Bank (down 3.11%), Ranbaxy Laboratories (1.82%), Satyam Computer (1.63%), Hindalco Industries (1.24%), Tata Motors (1.05%) and Infosys Technologies (1.05%) were the major losers. The National Stock Exchange’s Nifty was up 28 points or 0.62 per cent at 4531.05. The index touched a high of 4533.95 and low of 4468.55 in trade so far.

“We might see a flat opening due to global sentiments, but at the same time, a fresh short built up could be seen. The PCR (put-call-ratio) has come down to 0.85, indicating a huge short build up is happening in call options. In any technical bounce back, the Nifty might face very strong resistance around 4600 levels,” Standard Chartered - STCI Capital Market, said in a note.

Asian stocks fell, reversing earlier gains, after Chinese Premier Wen Jiabao said his government will take ``forceful'' measures to combat inflation. China’s CSI 300 Index was down 2.98 per cent, the Hang Seng was down 2.28 per cent in Hong Kong, the Straits Times lost 0.81 per cent in Singapore, while Japan’s Nikkei 225 was 0.48 per cent higher.

US stocks shook off the bulk of their steep losses on Monday, with JP Morgan Chase fronting a blue-chip rise just one day after its heavily discounted bid for Bear Stearns and the Federal Reserve's extraordinary discount rate cut. The Dow Jones Industrial Average finished 0.18 per cent higher, while the Standards & Poor’s 500 Index was down 0.9 per cent and the Nasdaq Composite Index shed 1.6 per cent.

Source : The Economic Times

The markets are trading higher with buying support from oil, 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.

At 10:31 am, the Sensex was up 103 points at 14,912 and the Nifty up 43 points at 4,546.

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

NEW DELHI: The Railways are all set to invite bids for its two mega IT projects—enterprise resource planning (ERP) and commercial portal management. IT biggies like Infosys, TCS, Wipro, Satyam, Microsoft, SAP, Oracle and IBM are in talks with the Railways for taking up the projects. The two projects would entail an investment of over Rs 600 crore. The bids would open on April 3.

The IT initiatives will be implemented to integrate freight, financial and employee management. “ The ERP is being considered as a boon for the Railways as it would manage our such a big employee resource of 17 lakhs,” a Rail Bhawan official said. The Indian Railways is the second largest employer in the world after the Chinese Army.

The IT companies will manage the database of about 30 lakh present and past employees (pensioners) of the Railways. Up till now, the largest government IT contract has been MCA-21 — the e-governance initiative of the ministry of company affairs — which cost the exchequer about Rs 345 crore. According to Railway officials, the Railways have the potential to become biggest customer for the IT giants.

In next five years, the Railways hope to be a $1.5-billion enterprise. The project will involve making an integrated system (which could be a portal) for tracking freight management, warehouse planning, financial management and billing. The solution will also include a human resource management system (HRMS).

Currently, all the database exists in paper files. Considering the size, it would be one of the largest IT deployments in the world. “We have also asked the IT companies to optimise Railway traffic through an efficient operation research software. However, it would be at a later stage,” the official said.

Source : TET