BSE Sensex, Nifty will break out of the narrow range soon: Monday Closing Report

The indices continue to trade in an extremely narrow range. It is about to break out soon may be in the first few trading days of the New Year 


The market settled lower amid range-bound and volatile trade on weak global cues as the world waits for a solution for US’ fiscal woes. The indices continue to trade in an extremely narrow range. It is about to break out soon may be in the first few trading days of the New Year. The National Stock Exchange (NSE) reported a volume of 54.54 crore shares and advance-decline  ratio of 808:621.


The Indian market opened flat with a negative bias reflecting a mixed trend in the Asian which were open today. Investors were cautious as US policymakers failed to arrive at a consensus for a budget deal, adjourning the talks for Monday. Failure to sew a deal would lead to additional taxes and spending cuts that come into effect from Tuesday.


The Nifty opened seven points lower at 5,901 and the Sensex started the day at 19,423, down 22 points from its previous close. Select buying in opening trades pushed the market to the day’s high. At the highs, the Nifty touched 5,919 and the Sensex went up to 19,492.


However, the market could not sustain the early lead with the benchmarks paring their gains and hovering on both sides of their previous closing levels. Selling pressures in blue chips like HDFC, ICICI Bank, Larsen & Toubro and TCS pushed the indices into the negative in late morning trades.


The market touched the lows in noon trade as selling intensified. The Nifty fell to 5,897 and the Sensex slipped to 19,409 at their respective intraday lows. The benchmarks continued to remain in the red on a mixed opening of the key European markets.


The market ventured into the positive for a brief moment at around 2.30pm but the gains were short-lived as sellers pushed the market lower again.


The volatile market settled marginally lower on weak global cues as a US budget deal looks impossible. The Nifty slipped three points (0.06%) and the Sensex fell 18 points (0.09) to close the last trading day of 2012 at 19,427.


The Nifty ended the calendar year 2012 with a gain of 28% while the Sensex closed the year up 26%.


While the Sensex settled marginally lower, the broader indices settled in the positive. The BSE Mid-cap index gained 0.28% and the BSE Small-cap index climbed 0.51%.


The top sectoral gainers were BSE Realty (up 1%); BSE Consumer Durables (up 0.80%); BSE PSU (up 0.59%); BSE Power (up 0.47%) and BSE Auto (up 0.42%). The main losers were BSE Capital Goods (down 0.33%); BSE Fast Moving Consumer Goods (down 0.27%); BSE IT and BSE TECk (down 0.05% each).


Seventeen of the 30 stocks on the Sensex closed in the positive. The chief gainers were Tata Power (up 1.19%); GAIL India (up 0.98%); Hindalco Industries, Tata Motors (up 0.89% each) and Hindustan Unilever (up 0.83%). The key losers were ITC (down 0.88%); Larsen & Toubro (down 0.76%); Maruti Suzuki (down 0.75%); Cipla (down 0.55%) and HDFC (down 0.53%).


The top two A Group gainers on the BSE were—TTK Prestige (up 4.21%) and Gitanjali Gems (up 4.02%).

The top two A Group losers on the BSE were—Suzlon Energy (down 3.89%) and Mahindra & Mahndra Finance (down 3.07%).


The top two B Group gainers on the BSE were—Indian Hume Pipe Company (up 19.97%) and Veer Energy Infrastructure (up 19.95%).


The top two B Group losers on the BSE were—Tuni Textile Mills (down 19.99%) and Karuturi Gobal (down 14.37%).


Out of the 50 stocks listed on the Nifty, 27 stocks settled in the positive. The chief gainers were Punjab National Bank (up 3.35%); DLF (up 2.18%); ACC (up 1.60%); GAIL (up 1.20%) and Tata Motors (up 1.19%). The top losers were HCL Technologies (down 1.37%); ITC (down 1.11%); TCS (down 1.08%); IDFC (down 0.98%) and L&T (down 0.93%).


Markets in Asia settled mixed on uncertainties over the US budget deal. The region witnessed thin trading as some markets were closed today while others closed early.


The Shanghai Composite surged 1.61% and the KLSE Composite climbed 0.45%. On the other hand, the Hang Seng lost 0.04% and the Straits Times settled 0.77% lower. Markets in Indonesia, Japan South Korea and Taiwan were closed for trade today.


At the time of writing, CAC 40 of France was up 0.29%; DAX of Germany declined 0.57% and UK’s FTSE 100 was 0.47% lower. At the same time the US stock futures were trading marginally higher.


Back home, foreign institutional investors were net buyers of stocks totalling Rs833.40 crore on Friday while domestic institutional investors were net sellers of equities aggregating Rs530.35 crore.


Pharma major Suven Life Sciences today said it has received three product patents for CNS molecules, two from Eurasia and one from Canada, which could be used for treating various central nervous system disorders. The company has received approval for molecules that could be used in the treatment of neurodegenerative disorders like Parkinson's, Alzheimer's and Schizophrenia. The stock closed 1.65% higher at Rs30.85 on the NSE.


Ramky Infrastructure has secured finances worth Rs1,225 crore for its Agra-Etawah road project in Uttar Pradesh, the company said today. An agreement to this effect was signed between Agra Etawah Tollways, a special purpose vehicle (SPV) formed to undertake the project and consortium of bankers led by Oriental Bank of Commerce and other participating lenders on December 29, 2012, the company said in a statement. Ramky climbed 2.68% to close at Rs99.70 on the NSE.


Tecpro Systems has bagged a Rs95-crore order from South Korea’s SK Engineering and Construction (SKEC) for supply of the entire coal and fly ash handling systems for a power plant that it is building in the US. Tecpro declined 1.95% to close at Rs145.80 on the NSE.


Public Interest Exclusive
Women's helpline in Delhi fails to take off


Last week Sheila Dikshit had announced launch of the round- the-clock helpline for offering help to women in distress amid nationwide uproar over the 16th December brutal gangrape, but the number 187 was not working due to technical problems
New Delhi: A helpline for women set up with great fanfare by beleaguered Delhi Chief Minister Sheila Dikshit through advertisement in newspapers itself appeared to be "helpless" on Monday as it was not working, reports PTI.
Calls to the number were greeted by a long beep sound.
Dikshit had last week announced launch of the round- the-clock helpline for offering help to women in distress amid nationwide uproar over the 16th December brutal gangrape of the 23-year-old here. The girl had breathed her last on Saturday in a Singapore hospital.
Senior Delhi Government officials said the helpline could not be made functional due to some glitches in the MTNL network.
They said the helpline, which will operate from the Chief Minister's office in National capital Delhi Secretariat, can be contacted from landlines as well as mobile phones.
The Telecom Ministry had last week released the three- digit number following a request by Dikshit. It will be the first three-digit number to have been allotted by the Ministry in two years.
The Ministry had earlier allotted '167' for the helpline but upon request for a number that would be easier to remember, the number was changed to '181'.



Vaibhav Dhoka

4 years ago

Let us hope announcement is not POLITICAL.

Life Exclusive
Get ready for sequels and remakes in 2013

Beginning with 'Race 2' and 'Murder 3', the year will have some of the much-awaited sequels as well as remakes like 'Chashme Baddoor' and 'Zanjeer'


New Delhi: 2013 seems to be the year of remakes and sequels in Bollywood, India's top most movie industry based in Mumbai, as a number of production houses are planning to bank on the popularity of their hit films by releasing their next instalments, reports PTI.
Beginning with 'Race 2' and 'Murder 3', the year will have some of the much-awaited sequels as well as remakes like 'Chashme Baddoor' and 'Zanjeer'.
The year is set to end with big budgeted sequels like 'Krrish 3' and 'Dhoom 3', but others such as 'Once Upon a Time in Mumbaai 2' and 'Saheb, Biwi Aur Gangster Returns' will hit screens much ahead.
With an ensemble star cast and the promise of the same thrill that 'Race' had offered in 2008, its sequel is set to release on 25th January. Actors Anil Kapoor and Saif Ali Khan are reprising their roles from the previous film while Deepika Padukone, John Abraham, Jacqueline Fernandez and Ameesha Patel are new additions to the cast. Bipasha Basu will reprise her role of Sonia in a special appearance.
Emraan Hashmi is not a part of the third instalment in the Murder series. The film, starring Randeep Hooda and Aditi Rao Hydari, will release on 15th February.
'Saheb Biwi Aur Gangster Returns' will hit theatres on 8th March with Irrfan Khan and Soha Ali Khan as new additions.
Two sequels are set to release in May - 'Shootout at Wadala' and 'Aashiqui 2'. The former is the sequel to underworld drama 'Shootout at Lokhandwala' (2007), while 'Aashiqui 2' is a revisit to the hit 1990 film starring Rahul Roy and Anu Agarwal. The new film has Aditya Roy Kapur and Shraddha Kapoor as the lead pair.
The Deol family will return with 'Yamla Pagla Deewana 2' in June, while the sequel to 'Once Upon A Time In Mumbaai' is set to hit screens in August. The film has a new star cast comprising Akshay Kumar, Imran Khan and Sonakshi Sinha.
Horror film 'Ragini MMS' will have its second instalment in October.
The Hrithik Roshan-starrer 'Krrish 3' is set to release in November, while Aamir Khan will be seen taking on as the baddie in action-thiller 'Dhoom 3' in December.
In case of remakes, Ajay Devgn-starrer 'Himmatwala', directed by Sajid Khan, will release on 29th March. Shooting for the remake of Amitabh Bachchan starrer 'Zanjeer' is currently on and the film will hit screens on 12th April.
David Dhawan's remake of hit comedy 'Chashme Baddoor' is also slated for an April release.
Other much-hyped films include 'Matru Ki Bijlee Ka Mandola' in January, directed by Pankaj Kapur, starring Imran Khan and Anushka Sharma. It is releasing on the same day as Kamal Haasan's big budget action thriller 'Vishwaroop'.
'Inkaar', Sudhir Mishra's take on sexual harassment at the workplace, will release in January as well.
Asha Bhosle's acting debut 'Maee', will see the light of day in February, so will Akshay Kumar starrer 'Special Chabbis', Abhishek Kapoor's adaptation of Chetan Bhagat's 'Three Mistakes of My Life' in 'Kai Po Che' and Prabhu Deva starrer dance film 'Any Body Can Dance', besides others.
Ramgopal Varma's film on the 26/11 Mumbai attacks will release in March. Films like 'I, Me Aur Main', 'Aatma' and 'Mere Dad Ki Maruti' will also release the same month.
Emraan Hashmi-starrer 'Ek Thi Daayan' will release in April, Ranbir Kapoor-Deepika Padukone starrer 'Yeh Jawani Hai Deewani' will release in May.
Much-hyped films like Emraan Hashmi-Vidya Balan starrer 'Ghanchakkar', 'Raanjhnaa' starring Dhanush and Sonam Kapoor are slated for a June release, while Milkha Singh's biopic 'Bhaag Milkha Bhaag' starring Farhan Akhtar as the athlete will release the next month.
'Satyagraha', yet another multi-starrer political drama from Prakash Jha, is aiming at an Independence Day release.
Madhuri Dixit is expected to make a comeback to the silver screen with two films - 'Ishqiya' sequel 'Dedh Ishqiya' and 'Gulab Gang'.
Shah Rukh Khan's 'Chennai Cafe', John Abraham-starrer 'Madras Cafe', Saif Ali Khan starrer 'Bullet Raja', Preity Zinta's 'Ishqk In Paris', Ranbir Kapoor starrer 'Bombay Velvet' and 'Besharam' are also expected to hit the screens in 2013.


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