India Stock Market: Sensex Up 64.09 Points On Thursday (December 10, 2009)

Sensex (^BSESN: 17144.859 -44.45 -0.26%) rose 64.09 points or 0.4% to 17189.31
Nifty (^NSEI: 5107.90 -26.75 -0.52%) rose 22.65 points or 0.4% to 5134.65
Mid Cap rose 0.3%. Small Cap rose 0.9%.
BSE 500 was up 0.4%. Sensex gainers: 15

All 13 BSE Sectoral indices, 7 posted gains.
Advancers: 1716, Decliners: 1072, Unchanged: 94
Advance/Decline Ratio: 9:5

Sensex Day’s Range: 17231.05 - 17032.30
Nifty Day’s Range: 5146.45 - 5084.65
Sensex 52-Week Range: 17493.17- 8047.17
Nifty 52-Week Range: 5181.95 - 2539.45
Sensex 52-Week change (%): -1.7%

Sensex gainers included Bharti Airtel +3.4%, BHEL +2.8%, ICICI Bank +2.5%, Reliace Communications +2.2%, L & T +2% and JP Associates +1.6%.

Sensex losers included Sun Pharma -1.8%, Hero Honda -1.7%, Grasim -1.4%, HUL -1.3%, Maruti Suzuki -1.1%, Wipro -1.1% and HDFC Bank -1.1%.

Capital Goods index shot up 1.7% led by Praj Industries +3.4%, BHEL +2.8%, Everest Kano +2.8%, Crompton Greaves +2.1% and L & T +2%.

Bankex advanced 0.8% supported by IndusInd Bank +5.4%, Allahabad Bank +3.5%, Canara Bank +2.7%, ICICI Bank +2.5%, IDBI Bank +1.3% and Kotak Bank +1%.

Power index climbed 0.8% assisted by BHEL +2.8%, Crompton Greaves +2.1%, Adani Power +1.7%, Torrent Power +1.1%, Suzlon Energy +1.1%.

PSU index moved up 0.6% helped by Dena Bank +5%, UCO Bank +4.7%, Rashtriya Chemical +4%, Vijaya Bank +3.8% and Allahabad Bank +3.5%.

Metal index surged 0.5% aided by SAIL +1.5%, Hind Zinc +1.3%, Jindal Steel +1%, Hindalco +0.9%, Tata Steel +0.7% and Ispat Industries +0.5%.

Other sectoral movers were: Teck +0.5%, Oil & Gas +0.4%, Realty +0.04%.

Consumer Durables index fell 0.9% due to selling in Blue Star -2.6%, Videocon Industries -1.2% and Titan Industries -0.2%.

FMCG index tanked 0.8% supported by Dabur India -2.2%, Godrej Consumer -1.3%, Colgate -1.3%, Marico -1.3%, HUL -1.3% and Britannia -0.9%.

Other sectoral losers were: Auto -0.5%, IT -0.4% and Healthcare -0.2%.

Turnover:
The markets reported total turnover of Rs 76,523.61 crore. This included Rs 13,965.62 crore from the NSE cash segment, Rs 57,983.48 crore from the NSE F&O and the balance Rs 4,574.51 crore from the BSE cash segment.

Heavy Losers:
Sri Adhikari Bros -9.8% at Rs 36.95, Infomedia 18 -9.1% at Rs 71.25, Sanghi Ind -8.8% at Rs 31.80, Joonkollee Tea -8.2% at Rs 141.15, Aarti Drugs -7.8% at Rs 104.65, Accel Frontline -7.4% at Rs 53.75 and Manaksia -7.1% at Rs 87.80.

Buzzers:
Nagreeka Export +20% at Rs 21.60, Micro Inks +20% at Rs 629.55, APW President +20% at Rs 127.30, Royale Manor +20% at Rs 21.63, PAE +20% at Rs 38.75, Four Soft +19.9% at Rs 33.70, Makers Lab +19.9% at Rs 26.80 and Jindal Hotels +19.9% at Rs 39.50.

Telecom rings loud:
Telecom space helped the markets; Idea Cellular surged 4.15%, as the company will seek shareholders nod to up borrowing limit to Rs 25,000 crore at AGM on December 21. Among others, Bharti Airtel rose 3.43% and Reliance Communications was up 2.15%. MTNL gained 1.41% and Tata Communications was up 1.19%.

Mahindra Satyam surges 5.3 pct:
Mahindra Satyam closed 5.3 per cent to Rs 108.05 after the company settled its long-drawn legal case with Upaid for USD 70 million. Mahindra Satyam would pay Upaid $45 million upfront and the remaining USD 25 million in the next one year.

JPMorgan said that the Upaid settlement was positive for Mahindra-Satyam as the USD 70 million settlement was lower than market expectations.

Midcap Gainers:
IndusInd Bank, Atlas Copco, Chambal Fertiliser, Dena Bank and UCO Bank were up 4.7-5.4%

Midap Losers:
Info Edge, Nagarjuna Construction, HOEC, Mcleod Russel and UTV Software fell 3-4%.

Smallcap Gainers:
MIC Electronics went up 19.25% and Dhanuka Agri up 18.65%. Geojit BNP and Lakshmi Energy moved up 14-16%.

Smallcap Losers:
Sanghi Industries, Manaksia, Maharashtra Elektrosmelt, Nucleus Software and BASF declined 4-8%.

Food Inflation:
India’s food price index rose 19.05% in the 12 months to November 28. The price of food articles was up 0.7% from last week. The primary articles index stood at 13.9% as against 12.53% the previous week, while the fuel index was up 0.06%, the government said on Thursday.

IIP numbers to be released tomorrow:
India’s annual industrial output growth probably surged in October on robust consumer demand and government spending.

The median forecast in a Reuters poll of 21 analysts is for an annual rise of 10.3 percent, accelerating from a provisional 9.1 percent growth in September.

The economy grew 7.9 percent in the quarter through September, the fastest rate in 18 months and smashing expectations for 6.3 percent expansion.

Asian Markets:
Asian markets ended mixed. Nikkei was down 1.4% and Taiwan Weighted down 1.5%. Straits Times fell 0.6% and Hang Seng declined 0.2%. However, Shanghai gained 0.5% and Kospi rose 1.1%.

European Markets:
Britain’s FTSE 100 was: +0.3 percent, Germany’s DAX index +0.9 percent and France’s CAC-40 +0.4 percent.

Crude:
Crude was quoting at $73.90 per barrel on the Nymex.

Optimism:
Analysts fell the overseas funds, which have pumped almost $16 billion into Indian stocks this year, are expected to sustain the market in the long term even though there may be a dip in the short term.