Sensex, Nifty Flat; Auto, Consumer Durables Gain

The S&P BSE Sensex is trading at 26,164 up 37 points, while NSE Nifty is trading at 7,949 up 6 points. The BSE Mid-cap Index is trading up 0.31% at 11,019, whereas BSE Small-cap Index is trading up 0.86% at 11,645.

Some buying activity is seen in auto, consumer durables, capital goods, banking, IT and metal sectors, while pharma, telecom, FMCG, IT, energy and basic materials sectors are showing weakness on BSE. The INDIA VIX was up 0.86% at 16.87. Out of 1,749 stocks traded on the NSE, 486 declined and 982 advanced today.

A total of 39 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE. Bajaj-Auto, ICICI Bank, Tata Motors, L&T, M&M, Maruti Suzuki and HUL are among the gainers, whereas Bharti Airtel, Sun Pharma, HDFC, Lupin, Coal India, Vedanta, RIL, ONGC and Hindalco are losing sheen on BSE.

Amtek Auto has slipped 2.5% to Rs. 41.60 on BSE. The company has posted net loss of  Rs. 987.1 crore for the year ended September 30, 2015 as compared to net profit of Rs. 848.2 crore for the year ended September 30, 2014.

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Truncated Week Rocks With Gains! Market Cap Of Top 8 Sensex Firms Up By Rs. 32,000 Crore

The Indian market managed to carve out gains for the week even as sentiment in global markets were subdued with China crashing by nearly 5% on reports that probe into brokers had widened. The December series has started off with a positive note after a disappointing November series where the Nifty lost close to 3% on an expiry to expiry basis.

Relative outperformance from banks was overshadowed by price destruction in Pharma, IT and capital goods space after earnings and events disappointments. The combined market valuation of top eight Sensex companies surged by Rs. 31,922 crore last week, says a report. RIL's mcap rose by Rs. 10,721.28 while SBI added Rs. 5,084.62 crore to its valuation. Sun Pharma gained Rs. 3,236.65 crore while Infosys market cap was up by by Rs. 3,077.91. 

HDFC Bank's valuation rose by Rs. 2,457.71 crore while Coal India saw its market cap rising by Rs. 1,831.74 crore. ONGC added Rs. 1,368.88 crore to its valuation. On the flip side, TCS's saw value erosion to the tune of Rs. 8,453.14 crore. ITC also shed some market weight over the weeek.

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Sensex Jumps Over 150 Points; Banking, Capital Goods Lead

The BSE Sensex opened at 26,003, touched an intra-day high of 26,185 and low of 26,937.2. It finally ended with a gain of 170 points at 26,128. The NSE Nifty opened at 7,911 hitting a high of 7,959 and low of 7,879, before ending with a gain of 59 points at 7,943.

The India VIX (Volatility) index was up 1.30% to 16.90. On the global front, China's Shanghai Composite index cracked 5.8% and Hang Seng closed down 1.9%. In Europe, the FTSE 100 down 0.3%. On the other hand, DAX and the CAC 40 were marginally down 0.2% each.

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Nifty Shuts Above 7,850 Level

The BSE Sensex opened at 25,770, touched an intra-day high of 25,999.9 and low of 25,770. It finally ended with a gain of 182 points at 25,959. The NSE Nifty opened at 7,837 hitting a high of 7,870 and low of 7,813, before ending with a gain of 52 points at 7, 883. The India VIX (Volatility) index was up 2.18% to 16.60.

On the global front, China's Shanghai Composite index closed marginally down and Hang Seng closed up 0.03%. In Europe, the FTSE 100 gains 0.5%. On the other hand, DAX and the CAC 40 were up 1% each.

Out of 1,757 stocks traded on the NSE, 597 declined and 916 advanced today. Tata Motors, Sun Pharma, Idea Cellular, GAIL, ITC, RIL, M&M, Zee Entertainment and Hindalco were among the gainers on NSE, whereas Dr. Reddy's, Tech Mahindra, TCS, Lupin, Adani Ports, Bajaj Auto and BHEL were among the losers today.

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Nifty Trades Above 7,850 Mark Ahead Of F&O Expiry

The S&P BSE Sensex is trading at 25,927 up 151 points, while NSE Nifty is trading at 7,874 up 42 points. The BSE Mid-cap Index is trading up 0.34% at 10,943, whereas BSE Small-cap Index is trading up 0.51% at 11,516. Some buying activity is seen in banking, consumer durable, capital goods, FMCG, teck, metal and oil & gas and metal sectors, while pharma sector is showing weakness on BSE.

Sun Pharma, Tata Motors, Infosys, Coal India, Hindalco, ICICI Bank, RIL, Tata Steel and Wipro are among the gainers, whereas Dr. Reddy's, Maruti Suzuki, GAIL, Lupin, TCS, Hero MotoCorp and HDFC Bank are losing sheen on BSE. The India VIX (Volatility) index down 0.47% to 16.1675. A total of 45 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. Out of 1,755 stocks traded on the NSE, 451 declined and 1,011 advanced today.

The Indian rupee opened lower by 4 paise at 66.37/$ in early trade on Thursday. The US dollar rose to fresh eight month high against a basket of currencies on Wednesday, ahead of a string of data due later in the day. Index was trading higher by 0.30 percent against a basket of six currencies in late evening yesterday.

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Sensex, Nifty To Open On A Flat Note

The world markets are not in real good health despite one of the biggest healthcare deal being announced between Pfizer and Allergan. Both the stocks ended lower after the US$160bn deal announcement. Politicians view this mega deal as a ‘tax dodge,’ and the street seems to be unimpressed by the benefits or cost savings both companies would derive following the deal. Back home the consumer discretionary, consumer durables, auto and realty indices ended with gains on Monday even as main indices saw minimal gains. In fact the mid-cap and the small-cap indices managed to outperform the benchmarks. On the other hand, FMCG, metals and telecom indices were under pressure.

The outlook is a flat start ahead of a holiday. The F&O expiry will also be in play on Thursday and market players may look at making adjustments in their positions. A sharp increase in VIX was seen on Monday. The rollover has been one of the weakest with just two sessions left for expiry. Nifty rolls stood at 41 % (6-month average of 42%); in terms of shares, rolls stood at 1.12mn shares as against 6-month average of 1.03mn shares. Surprisingly, BankNifty rolls are at 29% (as against 32% 6-month average) with cost of carry dipping to 51bps (6 months average of 67bps). Maruti Suzuki will remain in spotlight as it has seen 27% rollover;​much lower than its 6-month average of 45%. The currency movement will also be at play after the rupee plunged and dollar index rose to an eight-month high of 100.

Global cues are subdued. The Dow fell 0.17%, S&P 500 shed 0.12% and Nasdaq was a tad lower by 0.05%. Asian markets too are dragging in a narrow range.

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