A close below 5,685 on the Nifty may lead to break of the uptrend
The market, which hovered near its previous close in morning trade, gained momentum in the second half and settled with modest gains, making it the second consecutive close in the positive. The Nifty moved almost in the same range as that of Friday and closed marginally higher. We may now see the Nifty may moving sideways if it closes below 5,685. The National Stock Exchange (NSE) saw a lower volume of 64.91 crore shares and the advance decline ratio of 950:499.
The market opened flat tracking mixed global cues as markets in China and Hong Kong remain closed for a local holiday today. The Nifty opened two points up at 5,705 and the Sensex resumed trade at 18,785, up 22 points over its close on Friday. The market witnessed range-bound trade right from the opening bell after having gained nearly 1% in Friday’s trade.
The benchmarks fell to the day’s lows around 12.30pm wherein the Nifty went back to 5,694 and the Sensex dropped to 18,745. However, a positive trend in the European markets provided much-needed support to the local indices, pushing them into the green in noon trade.
The buying support enabled the market hit its intraday high at around 2.30pm. At the highs the Nifty touched 5,723 and the Sensex scaled 18,839.
However, the benchmarks pared some of the gains but closed modestly higher, making it the second consecutive close in the green. The Nifty settled 16 points higher at 5,719 and the Sensex finished the session at 18,824, up 61 points.
Among the broader indices, the BSE Mid-cap index gained 0.33% and the BSE Small-cap index advanced 1.42%.
The top sectoral gainers were BSE IT (up 1.88%); BSE TECk (up 1.51%); BSE Capital Goods (up 0.67%); BSE Auto (up 0.65%) and BSE Power (up 0.56%. BSE Oil & Gas (down 0.26%) and BSE Bankex (down 0.16%) were the only sectoral losers.
Sixteen of the 30 stocks on the Sensex closed in the positive. The key gainers were Infosys (up 2.96%); Tata Motors (up 2.65%); Jindal Steel (up 1.93%); BHEL (up 1.86%) and Hindalco Industries (up 1.83%). The losers were led by Bajaj Auto (down 1.11%); Tata Power (down 0.94%); HDFC Bank (down 0.87%); ONGC (down 0.84%) and ICICI Bank (down 0.63%).
The top two A Group gainers on the BSE were—Apollo Hospitals Enterprise (up 5.12%) and Tech Mahindra (up 4.92%).
The top two A Group losers on the BSE were—LIC Housing Finance (down 2.98%) and IPCA Laboratories (down 2.98%).
The top two B Group gainers on the BSE were—Ruby Mills (up 20%) and IndBank Merchant Banking Services (up 20%).
The top two B Group losers on the BSE were—Vertex Spinning (down 14.55%) and SP Capital Financing (down 14.11%).
Out of the 50 stocks listed on the Nifty, 26 stocks settled in the positive. The top gainers were JP Associates (up 4.92%); Ambuja Cement (up 4.21%); Reliance Infrastructure (up 2.97%); Infosys (up 2.90%) and Grasim Industries (up 2.85%). The main losers were DLF (down 1.86%); Bank of Baroda (down 1.62%); Bajaj Auto (down 1.12%); Punjab National Bank and HDFC Bank (down 1.11% each).
Markets in Asia closed lower on fresh concerns from Spain and signs of slowdown from across the globe.
The Jakarta Composite declined 0.62%; the Nikkei 225 dropped 0.83%; the Straits Times slipped 0.08% and the Taiwan Weighted fell 0.51%. On the other hand, the KLSE Composite was up 0.41% in trade. Markets in China, Hong Kong and South Korea were closed for local holidays.
At the time of writing, the three main European benchmarks were trading between 1.03% and 1.49% higher and the US stock futures were in the positive, signalling a higher opening of the US markets.
Back home, foreign institutional investors were net buyers of shares totalling Rs1,230.36 crore on Friday whereas domestic institutional investors were net sellers of equities amounting to Rs679.06 crore.
Apollo Tyres today said its board of directors has approved raising of $150 million (Rs800 crore) through placement of shares to qualified institutional buyers (QIBs). In a filing to the BSE, the company said the board also approved increasing the investment limit of foreign institutional investors to 40% from 30% of the paid up capital. The stock fell 0.43% to close at Rs92.25 on the NSE.
Cera Sanitaryware, a leading bathroom solutions provider, will invest Rs140 crore in its manufacturing facility in Gujarat to enhance capacity. The investment involves Rs100 crore for increasing production of range of wall and vitrified tiles and another Rs40 crore for manufacturing faucets at the facility in Kadi in Mehsana district of Gujarat. The stock tanked 1.76% to close at Rs330.10 on the NSE.
At present, processing fee charged for top-ups of Rs20 and above is Rs3, while for top-ups below Rs20, it is Rs2. More than 90% of mobile phone users in the country are estimated to be prepaid users
McAfee has found out that Googling for hot celebrities like Emma Watson, Shakira, Salma Hayek and Kate Upton can be risky and also that searching for women is generally more dangerous than men
In a recent study, McAfee, a world leading security technology company dedicated to protection of internet users, has found that Googling for celebrities such as the Harry Potter movie actress Emma Watson, Justin Bieber’s girlfriend Selena Gomez and supermodels such as Kate Upton can be extremely risky. These celebrity searches are apparently a happy hunting ground for those seeking to infect computers with malicious viruses such as spyware, adware, spam, phishing, viruses and other malware, which can pose an online threat to the user. Interestingly, the 10 most dangerous searches listed by McAfee are all women and is a sort of ranking for the hottest women on the planet.
McAfee’s study found that searching for Emma Watson yields more than a 12.6% chance of landing on a website that is dangerous and malicious. Other celebrities featured in the list were noted singer Shakira, actresses Salma Hayek and Cameron Diaz. According to McAfee press release, it said, “Emma Watson has replaced Heidi Klum as McAfee’s 2012 most dangerous celebrity to search for online. The “McAfee Most Dangerous Celebrities” study found that women are more dangerous than men with Jessica Biel taking the number two spot and Eva Mendes coming in third. Latina women have proven that they are on fire and make up five of the top ten spots. After Mendes, Selena Gomez, Shakira and Salma Hayek take the fourth, seventh and ninth spot and Sofia Vergara rounds out the top 10 list. Funnyman Jimmy Kimmel is the only male to make the top 20 list this year.”
Apart from celebrities, it found out that searching for pictures and downloads of Latinas, musicians and supermodels were likely to lead to malicious websites. Surprisingly, celebrities such as Tom Cruise, Katie Holmes, Kristen Stewart, and Robert Pattinson did not featured in their list despite their respective high profile stories carried recently. “Hot movies and TV shows, awards and industry accolades seem to be more of a factor than headline-grabbing activity,” said Paula Greve, director of web security research at McAfee. “Still, searching for any celebrity can bring up risky sites and the public should use caution by not clicking on any page that looks suspicious.”
While the press release doesn’t mention any Indians, not even the top-most searched Indians (Google Zeitgeist) were Katrina Kaif, Salman Khan, Anna Hazare, Poonam Pandey and Priyanka Chopra.
In this day and age of rapid content consumption on the internet and social media such as Twitter and Facebook, celebrities are making themselves more accessible to people. The negative side to this is that celebrities and internet users become easy target for cybercriminals. McAfee said, “Cybercriminals follow the latest trends, often using the names of popular celebrities to lure people to sites that are actually laden with malicious software that are designed to steal passwords and personal information. Anyone looking for the latest videos or files to download could end up with a malware-ridden computer along with the trendy content. This year, searching for a celebrity name with “free downloads” and “nude pictures” as part of the search term resulted in the highest result of risky sites.”
Furthermore, says Paula Greve, “As the sophistication and expectations of consumers with respect to their online experience has increased, so has the level and ability to deliver malware either by malvertising, exploiting the user’s browser without their awareness, or masking malicious URLs behind shortened URLs.”
Internet users are advised to be cautious and not click on suspicious looking URL or links presented by search results. McAfee has advised consumers to take the following precautions:
Internet users are also advised to keep their computer up-to-date by regularly updating their operating systems and keeping firewalls in place.
McAfee researched popular culture’s most famous people to reveal the riskiest Hollywood actors, athletes, musicians, politicians, designers, and comedians on the Web and came up with their McAfee Most Dangerous Celebrities which started six years back, as the internet presence grew bigger and posed a bigger threat to consumers.