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The Bombay store swap standard Sensex cut down by in surplus of 46 points in early trading Tuesday as investors sell shares next the IT Bellwether Infosys Technologies reported 2.42 percent say no in consolidated net income.

The appearance of income booking by the participants too contributed to the refuse in split prices.

The split index, which had gained in excess of 465 points in the preceding three sessions, enthused descending 46.53 points, or 0.26 percent, to 17,890.67 points, by means of stocks of IT and manufacturing sectors most important the drop.

Brokers said trading sensation twisted bearish for IT Bellwether Infosys Technologies reported 2.42 percent refuse in consolidate net profits of Rs 1488 corer intended intended for the main district out of arrange.

As healthy this, the appearance of income booking by money plus sell investors too weighed on emotions, they supposed.

Stocks of Infosys Technologies traded 2.23 percent inferior at Rs 2,830.50 following moving a near to the ground of Rs 2,820.25 at the start, while Tata Consultancy Services fell 2.19 percent to 774.15 Rs.

In the middle of additional major scum, Wipro fell by 1.62 percent to 402.80 R, ICICI Bank 0.24 per cent to Rs 887.40, Mahindra and Mahindra by 0.77 for each cent to Rs 633 and ACC by 0.21 percent to824.45 Rs.

MUMBAI: continued trade activity on the rear of the pointed pullback in worldwide equities, led the standard to early dawn gains. The upmove was led by gain in realty, IT and metals shares


The key level to smash up and IS 5300th average term hold up leftovers at 5180-5200 variety with instant hold up at the 5250th list overall medium-term set-up is motionless absolutely skewed for the head to 5500 as deliberate by the opposite H & S and S canal height, "said Edelweiss account .

"A slow grind down of the previous meetings, a lot of shaped a lot of short positions in Nifty and very positive comments yesterday by the Treasury on the financial system and maintain insurance, fast-growing leftovers a priority for the administration ignite a big thank you, thank you rally briefly. A Pertussis 82300 contracts enclosed call STIK of 5000, as 5100 saying calls you, thank you 50,200 contracts.
Circle relation rose 1.16 to 1.40. authority shares authority on the rear of reports the amalgamation administration, which will almost immediately take up a suggestion to approve to existing power scheme have to sell part of its chosen capacity in the open market at market important price.

The conquest battle for throughway assets, which owns the Gleneagles Hospital and Mount Elizabeth is now in the process of Fortis Healthcare Ltd make a general offer to acquire all shares Parkway at 3.80 Singapore dollars per split in cash, just two cents more than aMalaysia's Khazanah piece of investment money

The key benchmark indices held firm in early afternoon trade as Asian stocks and US index futures rose. Revival of monsoon rains in the past few days after week rains last month, also underpinned sentiment. Healthcare stocks rose. Auto stocks were mixed. The market breadth was strong as buying was witnessed in select mid-cap and small-cap stocks.

Index heavyweight Reliance Industries (RIL) held firm. The BSE 30-share Sensex was up 86.11 points or 0.49%, up close to 130 points from the day's low and off close to 25 points from the day's high. Except the BSE Auto index, all the other sectoral indices on BSE were in green.

The market turned positive soon after opening lower as Asian stocks recovered. The market extended gains to hit fresh intraday highs in morning trade. It continued the upward trend to hit fresh intraday high in mid-morning trade. The market was range bound in early afternoon trade.

The next major trigger for the market is Q1 June 2010 results of India Inc, which will start trickling in from the second week of July 2010. Advance tax collections for the first quarter of the current financial year point to a strong growth in corporate sector profits. Advance tax payments by companies during the April-June quarter account for 15% of the total advance tax payable in the fiscal year.

Investors are also closely watching the progress of the monsoon rains. The monsoon rains have revived after weak rains last month. The weather office on Monday, 5 July 2010, said monsoon rains have advanced into the country's key grain-producing states of Punjab and Haryana and is forecast to progress further. Crop planting suffered last month as rainfall was 16% below normal, but the seasonal shortfall has narrowed to 14% for the June 1-July 3 period after heavy rains.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The south-west monsoon usually covers the entire country by mid-July. The weather office expects this year's monsoon rains to be at 102% of the long-period average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Asian stocks rebounded, with the regional benchmark rising from the lowest level in almost a month. But, turnover was very light, with US markets closed on Monday, 5 July 2010, for Independence Day holiday. The key benchmark indices in Indonesia, Singapore, Taiwan, Japan and South Korea rose by between 0.29% to 1.46%.

China's shares reversed earlier losses to trade higher, led by gains in banking shares after their recent sharp declines. The Shanghai Composite index was up 1.43% and Hong Kong's Hang Seng was up 0.37%

US index futures reversed initial losses. Trading in US index futures indicated that the Dow could gain 20 points at the opening bell on Tuesday, 6 July 2010.

This week the focus will be squarely on how central banks will address signs of a coming global slowdown, with the European Central Bank and the Bank of England both holding policy meetings and the Reserve Bank of Australia and Bank of Korea meeting as well.

Back home, the services sector expanded at its fastest clip in two years last month, led by increases in business expectations and new orders, a survey showed on Monday, 5 July 2010. After dipping slightly in May 2010, the HSBC Markit Business Activity Index, based on a survey of 400 Indian firms, rose to 64 in June 2010 from 58.2 last month, pointing to a substantial rate of growth. Any figure above 50 indicates expansion.

The Reserve Bank of India (RBI) on Friday, 2 July 2010, hiked the repo rate by 25 basis points to 5.5% from 5.25%, with immediate effect. It also hiked the reverse repo rate, at which it absorbs excess cash from the banking system, by an equal 25 basis points to 4% from 3.75%. The central bank said the latest rate hike is a part of the calibrated exit from the expansionary monetary policy.

The above monetary measures should contain inflation and anchor inflationary expectations going forward, while not hurting the recovery process, the central bank said in a statement. This mid-cycle policy action has been warranted by the evolving macroeconomic situation, it said.

Although entirely justified in terms of long-term fiscal and energy conservation objectives, the recent increase in fuel prices will have an immediate impact of around one percentage point on inflation based on wholesale price index (WPI), with second round effects also being felt in the months ahead, the Reserve Bank of India said. Significantly, two-thirds of WPI inflation in May 2010 was contributed by non-food items, suggesting that inflation is now very much generalised and that demand-side pressures are evident, the RBI said.

The central bank's monetary policy stance is of calibrated exit from the expansionary monetary policy, with focus on containing inflation and anchoring inflationary expectations without hurting growth. This is the first rate action by the central bank after banks switched over to the new base rate system from 1 July 2010.

To address what it said was temporary and unexpected tight liquidity in the financial system, the RBI also on Friday extended an earlier measure to infuse cash into the system.

Two-thirds of WPI inflation in May 2010 was contributed by non-food items, suggesting that inflation is now very much generalised and that demand-side pressures are evident, the central bank said in a statement. WPI inflation increased to 10.2% in May 2010, up from 9.6% in April 2010.

In its April 2010 policy review, the Reserve Bank projected real GDP growth for 2010-11 at 8% with an upside bias. More recent data suggest that the upside bias has largely materialized, thecentral bank said. The growth projection will be reviewed in the first quarter review on 27 July 2010, RBI said.

Analysts expect another 25 basis points rate hike by the central bank at its quarterly review on 27 July 2010.

At 12:20 IST, the BSE 30-share Sensex was up 86.11 points or 0.49% at 17,527.55. The Sensex rose 110.15 points at the day's high of 17,551.59 in mid-morning trade. The Sensex fell 45.86 points at the day's low of 17,395.58 in early trade.

The S&P CNX Nifty was up 25.95 points or 0.5% at 5,261.85.

The BSE Mid-Cap index was up 0.5%. The BSE Small-Cap index was up 0.59%. Both the indices outperformed the Sensex.

The market breadth, indicating the strength of the broader market, was strong. On BSE, 1608 shares advanced while 1064 shares declined. A total of 109 shares remained unchanged.

From the 30 share Sensex pack, 24 stocks rose and the rest fell.

India's largest IT exporter by sales TCS rose 1.74% and was the top gainer from the Sensex pack.

Index heavyweight Reliance Industries (RIL) rose 0.49%. As per recent reports the Mukesh Ambani group is close to signing an equal joint venture agreement with global private equity and hedge fund company, DE Shaw, to enter the financial services sector.

RIL recently announced its seventh oil discovery in Cambay basin in Gujarat. RIL and Reliance Natural Resources (RNRL) on 25 June 2010, entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business demerger in 2005.

Reliance Natural Resources (RNRL) fell 1.19%, extending Monday's 27.26% triggered by an unfavorable swap ratio for its merger with group company Reliance Power (RPower). RPower fell 1.21% on profit taking after surging 3.57% on Monday. Anil Dhirubhai Ambani Group's (ADAG's) gas transportation company, Reliance Natural Resources (RNRL), will merge with sister firm Reliance Power (R-Power) in a Rs 50,000-crore, all-stock deal. The board of directors of the two companies, in meetings held on Sunday, 4 July 2010, approved a swap ratio of 4:1, meaning RNRL shareholders are to get one R-Power share for every four they hold.

Healthcare stocks rose on bargain hunting. Sun Pharmaceutical Industries, Pfizer, Cipla and Dr Reddy's Laboratories rose by between 0.39% to 1.86%.

Interest rate sensitive auto stocks were mixed after central bank hiked interest rates sooner than expected. India's largest car maker by sales Maruti Suzuki India fell 0.5%, with the stock falling for the second straight day. The company's total vehicle sales rose 17.3% to 88,091 vehicles in June 2010 over June 2009.

India's largest tractor maker by sales Mahindra & Mahindra (M&M) rose 1.13%, with the stock gaining for the second straight day. The company, last week, reported an increase of 19.84% in auto sales to 27,562 units in June 2010 over June 2009. Despite the annual shutdown in the first week of June, the auto division posted strong growth rates, M&M said in a press release. Tractor sales declined 9% to 16,590 units in June 2010 over June 2009, as the company is facing supply constraints from component makers (casting and tyres).

India's largest commercial vehicle maker by sales Tata Motors rose 0.19%. The company's total sales jumped 49% to 67,730 in June 2010 over June 2009. Domestic sales rose 45% to 62,602 and exports jumped 138% to 5,128 in June 2010 over June 2009. The figures do not include the luxury Jaguar, Land Rover brands it makes in Britain.

The country's largest two-wheeler maker Hero Honda Motors fell 0.48%. The company reported a 16.6% jump in its sales at 4,26,454 in June 2010 over June 2009.

Ashok Leyland rose 1.6% extending Monday's 4.88% surge. The company reported an over two-fold jump in total commercial vehicle sales to 8,400 units in June 2010 compared to the same month last year.

Syncom Formulations (India) rose 3.52% on reports the company's promoters have offered to buy back up to 35 lakh shares from minority shareholders at Rs 34 a share.

Thomas Cook (India) gained 3.34% after the company entered into a seven-year deal with Delhi International Airport and launched nine foreign exchange & travel counters at the newly opened terminal-3 in the airport.


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However, selling continued in Reliance Communications, Reliance Power, Idea Cellular, Maruti Suzuki, Hero Honda, BPCL, PNB, Suzlon and Ambuja Cements.

The Sensex was trading at 17527, up 86 points and the Nifty was at 5260, up 25 points. The Nifty July future was trading at 6 points premium.

Shares of software companies like TCS, Wipro, HCL Tech and Infosys gained 0.7-1.76% ahead of Infosys numbers for the quarter ended June 2010.

In the financial space, HDFC Bank, SBI, ICICI Bank and Axis Bank were up 0.6-1.25%.
SpiceJet (block deal happened), Jindal Cotex (will be shifted into T2T from July 9), Aban Offshore, Swaraj Engines, Reliance Power, Bharti Airtel, Tata Steel and Reliance Communications were the most active shares

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MUMBAI: Indian markets were witnessing a lacklustre session as one-day bandh by opposition political parties in protest to fuel price hike kept most of the investors out of action. Mixed cues from Asian markets also kept the bulls under check.

“We see Nifty spot to trade around 5225-5220 in opening trade. If Nifty spot is able to cross the 5260 level we could see some support buying to initiate in market.

Nifty spot has resistance at5260-5280. Above 5280 we can see some comfort in market and it could move till 5295. The index has supports at 5220-5203. Below that we may see some selling pressure in market and it could slide lower till 5180,” said Arihant Capital Market.

Source:economictimes.indiatimes.com

Amid growing concerns about global economy, and mirroring weakness across global markets, the Indian market opened on a highly negative note this morning.

Disappointing U.S. private sector jobs report, weak economic reports from parts of Asia and a possible rating downgrade on Spain by Moody's rating have raised concerns about global economic recovery.

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The key benchmark indices pared gains after hitting fresh intraday highs in afternoon trade as European stocks turned negative. US index futures edged lower in volatile trade. The market breadth was strong.

Oil & gas stocks extended Friday's (25 June 2010) sharp gains after the government freed petrol pricing and raised prices of other fuels. Healthcare and telecom stocks rose. But, FMCG stocks fell. Except the BSE FMCG index, all the other sectoral indices on BSE were in green.

The BSE 30-share Sensex was up 73.56 points or 0.41%, off close to 70 points from the day's high. Index heavyweight Reliance Industries (RIL) rose after company announced during market hours today that it made seventh oil discovery in a block in Cambay basin, near Ahmedabad in Gujarat.

The market opened on a firm note, as a partial decontrol of fuel prices on Friday, 25 June 2010, and expectations of a good monsoon this year, boosted sentiments. Stocks extended gains in morning trade. The market pared gains in mid-morning trade. The market regained strength in early afternoon trade. The market pared gains soon after hitting fresh intraday high in afternoon trade.

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Open the Indian market is expected even in 5030 SGX Nifty was up 0.03 per cent deal tips. Dow Jones International signs hanging from the lowest level seven months ago remained weak. Asian markets opened weak, but most of them as a green company managed to keep going.

Indian market is close to 2 per cent in May disappointing figures back and make sure that the Americans notified Hungary because of bad credit may increase the growing list of countries concerned, was to be expected.

Sensex lost 336 points and closed more than 16 781, while the Nifty lost 101 points to end 5134th

Advertise on oil stocks to lower fuel costs as deregulation was late yesterday. Product stocks after crude oil steady above $ 71/bbl minor can be seen above.

Some Asian markets seen as a weak force and the index managed to stay green after the mask.

Japan's Nikkei 225 yesterday, when nearly 4 percent dip in 9556 rose to 0.37 percent. South Korea's Kospi was 0.70 percent over 1649. Hong Kong Shenzen 0.06 per cent 0.03 per cent and 300 per cent of revenue was flat in Shanghai campus.

During the night the Dow Jones losing seven-month low hit 1.2 per cent. Dow 115 points below the credits ended in 9816. The euro area investors are worried about the situation in the financial system.

UK FTSE 100 fall within 1.1 percent, the German DAX index fell 0.6 per cent and the French CAC-40 fell 1.2 percent in recent trading.

The sell-off around the world has left an impression on our markets. The unsatisfactory U.S. payroll data had rattled Wall Street on Friday and this in turn has had a domino effect in our markets this morning. The Sensex has slipped below 17k mark and is now quoted at 16 751, weaker at 361 points and Nifty is 5021, lower by 111 points. The mid-cap and small-cap sector has shed nearly 2% each in 6773 and 8487, in that order.

All sectors indices has predictably opened in red, high-beta metal Realty and bank card bluk of pounds.

The leading losers on the Sensex are Hindalco (attenuated by 5.1% at R 140), animal DLF (4.6% at Rs 268) and Ster Lite (lost 4% to Rs 622). Tata Motors, Tata Steel and Reliance Infra are the other major losers. And the index heavyweight RIL has shed 2.1% at Rs 1009th

Reliance Communications (higher by 2.7% at Rs 172) and ONGC (higher by 0.4% at Rs 1194) are the only winners among Sensex-50 pack.

The market breadth has collapsed completely. Out of 2243 shares traded on the BSE 473, advancing shares from the 1719 autumn.

The Indian markets opened lower on the back of weak global signals. Asian markets were generally weak because of concern over the Chinese financial system.

The Sensex was down 0.38 percent to 16,880 while the Nifty opened 0.43 percent lower in 5064. Both indices had closed in the green for the fourth straight day yesterday.

All sectors, barring health and the car were red, but the broader markets were trading in green.Metal fell by 1.2 per cent. The BSE Small Cap was up 0.32 percent, while the BSE Mid Cap rose 0.14 percent. The market breadth was positive with 56 percent share prior to the 40 percent fall in the BSE.

M & M, Cipla and ITC, the winners of the Sensex, while Hindalco and Ster Lite fell. Most airline shares rose because of the ATF price reduction. The cut comes after six consecutive price increases.

The Nifty rose Suzlon and Kotak while Unitech fell. Among MidCap, continued economic JM to rise on reports of a takeover of the securities business. The stock was up 14.8 percent.

The Asian markets' decline has been led by consumer and technology stocks. Nikkei fell 0.84 per cent mainly due to political turmoil in Japan. The Kospi fell 0.66 percent. Chinese index also fell.

Shanghai Composite fell 0.81 percent, while Shenzen 300 was down 0.84 percent. The Straits Times index was down 0.51 percent. China's 'Purchasing Managers' Index fell in May, and policy measures has dampened real estate activity in the country.

European shares closed mixed. German market was out after Spain's downgrading of Germany is expected to be the biggest recipient of a weaker euro.

Euro weakened marginally to 1.2250 in European trading

The lack of signals from Wall Street with sales of light. Wall Street was closed yesterday because of Memorial Day.

Benchmarks moved higher-ranking on Thursday as traders sustained to cover short positions on the last day of the May edition. All sectors of the index were in the green, led by auto, capital goods and oil & gas breathing space.

'The Nifty have sold over and over again after a superseding rally, but some defensive shorts are disheartened by the markets are oversold. Instantly the confrontation is located on the 4950-5000 series of tight that would grow weaker the grip means.

On the bottom 4800 is now an significant support level. Since it is derived from the end, we witness a muted price action inside range of 4900-4950. We wait for further short-covering in the metal name, says Edelweiss account.

At 12:45 the Bombay Stock Exchange's Sensex at 16,580.02 up 192.18 points or 1.17 percent.The index touch a high of 16,585.29 and low 16,331.10.

National Stock Exchange's Nifty was at 4962.95, up 45.55 points or 0.93 percent. The broader index hit a low of 4,897.60 and high of 4973.35.

BSE MidCap Index was up 0.58 per cent and BSE Smallcap Index enthused 0.50 percent elevated.

In the middle of the sectoral indices BSE Auto Index was 1.72 percent BSE assets goods index advanced 1.51 per cent and BSE Oil & Gas Index moved 1.48 percent higher.

Forester Small Industries (4.62%), ONGC (3.86%), M & M (3.08%), Tata Motors (2.22%) and ITC (2.20%) were the top Sensex winners.

Bharti Airtel (-0.98%), Hindalco Industries (-0.37%), Jaiprakash Associates (-0.37%), Cipla (-0.36%) and Reliance Infrastructure (-0.15%) were the only scum.

Stocks of Mahindra & Mahindra continued to speed on the second day, after the company announced that it will have a majority share in the electric car maker Reva.

Market breadth was positive on BSE with 1506 advances and 1095 are reduced.

European markets open in positive to take signals from Asian competitors. The FTSE 100 was up 1.24 percent CAC 40 moved 1.30 percent higher and the DAX higher 1.18 percent.

Stocks were under force as bearish attitude spooked global markets on information of North Korean plans to conduct military strike against South Korea. concern economic turmoil in Europe continued to play killjoy.

"Nifty now faces confrontation at 5000 levels. The fact that the Nifty close below 200 SDMA many days now has a cause to consider a case for a deeper correction. For the day support is predictable around the 4850 level, while 4900 is predictable to offer a good confrontation.

There seems to be a break into the Bank Nifty. In stock exact note that stocks that Jsw Steel, Hindalco, DLF and India Bulls Real Estate Trending down and waited to drive less. The favored long is REC, Gail and ITC based on their relative power, "said Edelweiss account.

12:30 pm, the Bombay Stock Exchange's Sensex at 16,122.31, down 347.24 point or 2.11 percent. The 30-share index hit intraday low of 16,107.37 and high of 16,444.57.

National Stock Exchange's Nifty was at 4837.65, down 106.30 points or 2.15 percent. The index touch a low of 4,832.10 and high of 4946.60 in buy and sell so far.

BSE MidCap Index was down 2.15 per cent and BSE Smallcap Index enthused 2.12 percent lower.

Among the sectoral indices BSE Metal Index fell 3.14 per cent, BSE Auto Index slipped 2.36 per cent and BSE capital goods index 2.36 percent lower.

Reliance Communications (-6.39%), Grasim (-4.98%), Reliance Infrastructure (-3.49%), NTPC (-3.31%) and Tata Power (-3.27%) were among the Top Nifty losers.

Hero Honda (0.03%) and Bharti Airtel (0.02%) were the only winner.

Market width was negative on BSE with 2132 losers against 478 winners.

European markets opened with a hole under the signals from other peers. DAX dropped 0.40 percent and the CAC 40 fell 2.65 percent.

The Bombay Stock Exchange standard Sensex fell on the day 332 points in breach trade on strong sales of funds in the middle concerns about the euro area debt disaster.

The 30-share index, which had 111.19 points in preceding session, shed 332.65 points to 16,187.03 in the first five minutes of buy and sell.

All sectors, indices, led by realty and metal was trade in negative zone with losses of up to 3.20 percent.

Similarly, the wide-based National Stock Exchange's index Nifty cut down by 105.30 points to 4,842.30 points.

Marketmen said investor sold shares heavily after a steep drop in U.S. and Asian equities market, concern that European fiscal crisis could deepen additional.

At the same time dropped the U.S. Dow Jones manufacturing Average by 3.60 per cent lower in yesterday's trade, while Japan, the Nikkei fell by 2.51 percent in morning trading today.

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Indian markets ruined lower Friday after profit booking took place across the line after a deep improvement in Europe. High beta sectors were under the hammer, while FMCG and pharmaceutical shares showed some pliability.

The market opened muted note for lack of confidence among traders near confrontation levels. After moving in an area with a negative bias, the index began drifting lower as emotion turned bearish on concern over Spain's debt woes of Greece post security.

Bombay Stock Exchange's Sensex ended at 16,994.60, down 271.27 points or 1.57 percent.The index touched a low of 16,923.65 and high of 17,329.32 in today's trading.

On the NSE, fell the broad-based Nifty 34 points or 0.7% to live in 5091 - during the crucial 5100 level. The Nifty too stopped up on a two-month low. The indices well again from early losses after the European markets, and came into the black.

Among the Sensex stocks were Tata Motors top loser, down 2.5% at Rs eight hundred and fifteenth Other Top losers included Reliance Communications, which fell almost 2% to Rs 194 and Bharti which lost 1.9% to close at Rs two one hundred and ninety second index heavyweight Reliance Industries lost nearly one percent to end the day at Rs 1011 as investors awaited the Supreme Court decision on RIL-RNRL gas disagreement, which is predictable on Friday.