Daily stock market review

On the last day of trading in this financial year, Indian stock market indices managed to end with smart gains. The spurt is mainly because of covering-up of short positions by speculators, as today was the last day of March month expiry in the derivatives segment. Positive opening of the European markets also helped the Indian equities to end on a high. After opening flat, markets hit a new four-month low of in the first hour of trade on weak Asian sentiments due to concerns over the European debt crisis. However, frantic short covering and some real value based buying at this current attractive level pulled the market from its low.

The 30-share BSE Sensex gained 131.24 points to end the day’s trading at 18835.77. The Sensex hit to a day's high of 18882.54 and a fell to a day's low of 18568.43. It opened at 18702.46. The broader indices, NSE Nifty gained 40.95 points, to end the day’s trading at 5682.55. The 50-share Nifty touched a day's high of 5692.95 and fell to a day's low of 5604.85. It opened at 5647.75.

Of the 50-share Nifty pack 34 stocks ended with gains while the rest 16 stocks closed with losses. The top 5 gainers among NSE stocks are: GAIL surging by 4.77 %, followed by Siemens (4.05 %), Hindalco (3.85 %), Ambuja Cement (3.23 %) and IDFC (2.68 %). The top 5 losers among NSE socks are: Tata Motors (2.41 %), Hero MotoCorp (1.90 %), CAIRN (1.82 %), Bharti Airtel (1.73 %) and Jindal Steel (1.47 %).

Of the 30 shares of BSE index components, 19 stocks ended in positive terrain, while the rest 11 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: GAIL surging by 5.02 %, followed by Hindalco (3.98 %), ONGC (2.92 %), Sterlite (2.91 %) and Coal India (2.62 %).The top 5 losers of the Sensex pack were: Tata Motors (2.16 %), Hero MotoCorp (1.95 %), Bharti Airtel (1.77 %), Jindal Steel (1.35 %) and HUL (1.34 %).

Both BSE Mid Cap and BSE Small Cap index closed higher by about 1.5 %. All the 13 sectoral indices in BSE ended on positive territory. Top 3 gainers in BSE sectoral index are - BSE Metal up by 2.69 %, BSE CG up by 2.17 % and BSE CD surging by 1.89 %.

The market breadth stood in favor of the bulls. Of the 2898 stocks traded on the BSE, 1,625 (56.07%) rose, 1,149 (39.65%) fell and 124 (4.28%) stocks remained unchanged.

Asian stocks ended mostly with losses. Apart from the Jakarta Composite index, all the other Asian markets ended in negative zone. European markets are trading with handsome gains. Markets in the US are also trading higher.

Daily stock market review

In spite of negative cues from global market and ongoing political uncertainty, Indian stock indices managed to end its seven day losing streak and ended the day’s trading slightly above yesterday’s close. Trading sentiment improved on investors covering their pending long positions created in last seven sessions before the settlement in derivatives segment on Thursday. However the market today was in negative zone at the opening bell. The key indices hit their intraday low in the morning session and then made a smart recover to hit their intraday high levels in the afternoon session and closed today's trade on a positive note. Positive opening of the European market also helped the market to end in positive territory.

The 30-share BSE Sensex gained 23.11 points to end the day’s trading at 18704.53. The Sensex hit to a day's high of 18758.88 and a fell to a day's low of 18612.37. It opened at 18654.09. The broader indices, NSE Nifty gained 7.75 points, to end the day’s trading at 5641.60. The 50-share Nifty touched a day's high of 5655.30 and fell to a day's low of 5612.05. It opened at 5613.75.

Of the 50-share Nifty pack 26 stocks ended with gains while the rest 24 stocks closed with losses. The top 5 gainers among NSE stocks are: Bharti Airtel surging by 2.88 %, followed by HUL (2.47 %), HDFC (2.23 %), Ranbaxy (2.20 %) and Tata Motors (1.87 %). The top 5 losers among NSE socks are: Reliance Infra (6.10 %), Siemens (4.93 %), Reliance (3.20 %), GAIL (3.20 %) and Hero MotoCorp (2.83 %).

Of the 30 shares of BSE index components, 16 stocks ended in positive terrain, while the rest 14 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bharti Airtel surging by 2.98 %, followed by HDFC (2.17 %), HUL (2.15 %), Tata Motors (1.72 %) and ITC (1.27 %).The top 5 losers of the Sensex pack were: Reliance (3.25 %), GAIL (3.20 %), Tata Steel (2.72 %), Hero MotoCorp (2.69 %) and L&T (2.24 %).

Both BSE Mid Cap and BSE Small Cap index closed flat. Among the 13 sectoral indices in BSE, six sectors closed in the red zone while seven sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE CD up by 1.59 %, BSE FMCG up by 1.13 % and BSE TECK surging 0.66 %. Top 3 losers in BSE sectoral index are - BSE Oil & Gas down by 2.06 %, BSE Auto Realty down by 1.95 % and BSE Capital Goods down by 1.85 %.

The market breadth stood in favor of the bears. Of the 2,885 stocks traded on the BSE, 1,290 (44.71%) rose, 1,459 (50.57%) fell and 136 (4.71%) stocks remained unchanged.

Asian stocks ended mixed as key benchmark indices in Singapore, Hong Kong and South Korea closed up while those from Japan and China declined. Taiwan ended flat. European markets opened the day’s trading on a firm positive note and is trading higher at present. Markets in the US are trading higher as data showed the economy continued to slowly improve.

Indian market will remain close tomorrow on the occasion of Holi.

Daily stock market review and outlook

Indian stock market opened the day with a jump of nearly one percent after European lenders agreed to a last-minute bailout for debt-ridden Cyprus. Positive trends in Asian markets also helped the market to move higher in morning trade. But as soon as media reported that after DMK, it may be Samajwadi Party who may also withdraw its support from the UPA government; Indian equity market went into a tail spin and wiped out all its gain to plunge into red. The Indian stock indices closed in negative zone for the seventh consecutive day making it its longest losing streak since November 2011.

The 30-share BSE Sensex lost 54.18 points to end the day’s trading at 18681.42. The Sensex hit to a day's high of 18950.22 and a fell to a day's low of 18654.61. It opened at 18894.13. The broader indices, NSE Nifty lost 17.50 points, to end the day’s trading at 5633.85. The 50-share Nifty touched a day's high of 5718.40 and fell to a day's low of 5624.40. It opened at 5707.30.

Of the 50-share Nifty pack 21 stocks ended with gains while the rest 29 stocks closed with losses. The top 5 gainers among NSE stocks are: DLF surging by 4.85 %, followed by ONGC (2.81 %), NTPC (2.26 %), BPCL (1.67 %) and Power Grid (1.42 %). The top 5 losers among NSE socks are: BOB (2.72 %), Hero MotoCorp (2.52 %), IDFC (2.48 %), L&T (2.34 %) and Tata Steel (2.31 %).

Of the 30 shares of BSE index components, 10 stocks ended in positive terrain, while the rest 20 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: ONGC surging by 2.96 %, followed by NTPC (2.04 %), HDFC (1.16 %), Dr. Reddy (0.84 %) and HUL (0.72 %). Top 5 losers of the Sensex pack were: Hero MotoCorp (2.42 %), Tata Steel (2.28 %), L&T (2.19 %), Bharti Airtel (1.95 %) and GAIL (1.94 %).

BSE Mid Cap closed lower by 0.3 %, while BSE Small Cap index was down by nearly 1.0 %. Among the 13 sectoral indices in BSE, eight sectors closed in the red zone while five sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE Realty up by 0.79%, BSE Power up by 0.56% and BSE Oil & Gas surging by 0.49%. Top 3 losers in BSE sectoral index are - BSE CG down by 1.44%, BSE Auto falling by 0.78% and BSE Metal down by 0.71%.

The market breadth stood in favor of the bears. Of the 3,034 stocks traded on the BSE, 1028 (33.88%) rose, 1884 (62.10%) fell and 122 (4.02%) stocks remained unchanged.

Market outlook for tomorrow

Apart from the Shanghai Composite Index of China, all other Asian markets closed with gains today. Japan’s Nikkei was the biggest gainer, up by nearly 1.69 %.

European markets opened the day’s trading on a firm positive note after Cypriot policy-makers reached an eleventh-hour deal with the European Union which gave investors some relief who had feared Cyprus might default. But after the head of the Eurogroup said the Cyprus bailout reached early Monday could be a new template for resolving euro zone banking problems, markets reacted sharply and inched lower. The fear that the deal will inflict heavy losses on depositors surfaced once again.

US market is also trading lower as worries on investor wealth after the Cyprus bailout package deepens.

Under this global scenario, there is little hope for the revival of the Indian equity market tomorrow. Under all likelihood, market may continue its losing streak. However, Finance Minister P Chidambaram’s statements that India will ease restrictions for foreign institutional investors in government and corporate bonds next month, will perhaps help the market sentiment.

Daily stock market review

Indian stock market fell in line with Asian and European stocks today, as the investors were rattled by a radical bailout plan for Cyprus. Though Indian equity market opened in green, shrugging off unsupportive global cues but soon slipped into red terrain. In fact the markets kept swinging between gains and losses oscillating on both sides for the entire day before closing in red for the straight sixth day. Traders also preferred to remain cautious ahead of the truncated week and F&O expiry next week. The fact that the domestic political situation is not helping economic worries that we have at present is also a reason behind this continuous down trend.

The 30-share BSE Sensex lost 57.27 points to end the day’s trading at 18735.60. The Sensex hit to a day's high of 18859.82 and a fell to a day's low of 18669.20. It opened at 18784.93. The broader indices, NSE Nifty lost 7.40 points, to end the day’s trading at 5651.35. The 50-share Nifty touched a day's high of 5691.45 and fell to a day's low of 5631.80. It opened at 5659.80.

Of the 50-share Nifty pack 23 stocks ended with gains while the rest 27 stocks closed with losses. The top 5 gainers among NSE stocks are: IDFC surging by 4.83 %, followed by Ambuja Cement (4.20 %), BoB (3.88 %), Jindal Steel (3.23 %) and Hero MotoCorp (2.24 %). The top 5 losers among NSE socks are: DLF (3.55 %), Ranbaxy (1.97 %), Tata Steel (1.83 %), SBI (1.67 %) and Sun Pharma (1.30 %).

Of the 30 shares of BSE index components, 12 stocks ended in positive terrain, while the rest 18 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bajaj Auto surging by 3.85 %, followed by Jindal Steel (3.11 %), Hero MotoCorp (2.03 %), Hindalco (1.45 %) and Tata Power (1.43 %).The top 5 losers of the Sensex pack were: SBI (1.71 %), Tata Steel (1.68 %), Sun Pharma (1.42 %), Bharti Airtel (1.28 %) and TCS (1.27 %).

BSE Mid Cap closed lower by 0.3 %, while BSE Small Cap index was down by 1.0 %. Among the 13 sectoral indices in BSE, nine sectors closed in the red zone and only four sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE Power up by 0.27 %, BSE Metal up by 0.15% and BSE CG up by 0.12 %. Top 3 losers among BSE sectoral index are - BSE CD down by 2.06 %, BSE Realty falling by 1.31 % and BSE IT down by 0.82 %.

The market breadth stood in favor of the bears. Of the 2977 stocks traded on the BSE, 984 (33.05%) rose, 1882 (63.22%) fell and 111 (3.73%) stocks remained unchanged.

Apart from the Shanghai Composite Index of China, all other Asian markets closed with heavy losses today. European markets are also trading lower. US market is however heading higher at present

Daily stock market review and outlook

In spite of an expected positive start, Indian markets succumbed to intense selling towards the last hour of trade, recording its fifth straight negative closing. Worries that the government will be forced to call early elections or see its reform agenda weakened after DMK withdrew support from the ruling coalition on Tuesday spooked sentiments. However, fag-end selling was triggered by weak opening of the European markets.

The 30-share BSE Sensex lost 91.32 points to end the day’s trading at 18792.87. The Sensex hit to a day's high of 19082.29 and a fell to a day's low of 18756.65. It opened at 18926.21. The broader indices, NSE Nifty lost 35.65 points, to end the day’s trading at 5658.75. The 50-share Nifty touched a day's high of 5757.75 and fell to a day's low of 5647.95. It opened at 5705.90.

Of the 50-share Nifty pack 13 stocks ended with gains while the rest 37 stocks closed with losses. The top 5 gainers among NSE stocks are: Bharti Airtel surging by 6.37 %, followed by ICICI Bank (3.37 %), HDFC (2.24 %), Jindal Steel (1.18 %) and Wipro (1.12 %). The top 5 losers among NSE socks are: J P Associate (6.51 %), Reliance Infra (6.17 %), BoB (5.23 %), Bajaj Auto (4.60 %) and Tata Motors (4.22 %).

Of the 30 shares of BSE index components, 11 stocks ended in positive terrain, while the rest 19 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bharti Airtel surging by 5.99 %, followed by ICICI Bank (3.35 %), HDFC (2.09 %), Jindal Steel (1.02 %) and Wipro (0.99 %).The top 5 losers of the Sensex pack were: Bajaj Auto (4.61 %) and Tata Motors (4.22 %) Tata Power (4.06 %), HDFC (3.14 %) and L&T (2.85 %).

BSE Mid Cap closed lower by 1.1 %, while BSE Small Cap index was down by 1.2 %. Among the 13 sectoral indices in BSE, ten sectors closed in the red zone and only three sectors closed in the green. Top and the 3 gainers among BSE sectoral indices are - BSE CD surging by 0.78%, BSE Teck rising by 0.60%, BSE IT up 0.27%. Top 3 losers are - BSE Realty down by 2.91%, BSE Power down by 2.38% and BSE CG down by 2.30%.

The market breadth stood in favor of the bears. Of the 2,987 stocks traded on the BSE, 942 (31.54%) rose, 1,926 (64.48%) fell and 119 (3.98%) stocks remained unchanged.

Market outlook for tomorrow

Asian markets were mixed today. European markets are however trading lower. US market is heading south.

So tomorrow, Indian equity market is likely to move further low. Chances of a recovery do not seem to be the market agenda as of now.