Sensex up 32 points at 10,162

The markets closed with marginal gains despite some large caps closing in positive.

Although the markets were trading steady for major part of the day but volatility creeped in during the final hour of trade.

The Sensex closed with gains of 32 points and the Nifty closed up 17 points.

The Sensex closed at 10,162.16 up 32.4 points and the Nifty closed at 2,998 up 17 points.

The BSE Small Cap Index closed at 5,210.80, up 15 points.

The BSE Midcap Index ended at 4,235.56, up 21 points.

The major gainers on the indices were ITC, HDFC, Tata Steel, Dr Reddys Labs, Suzlon Energy, VSNL, SAIL and Tata Power.

The BSE sectoral indices ended mixed.

Markets today
Markets end off highs after profit booking in late trade
Investors unwind positions ahead of FOMC meet, & due to F&O expiry
Sensex marginally up at 10,162; Nifty up 0.6% at 2998 points
Capital Goods, Auto stocks firm; metals, FMCG shares drag
BSE Capital Goods index up 1.6%; L&T up 2.7%, Siemens up 2.2%
BSE Auto index up 1%; Hero Honda up 4%, Tata Motors up 3.2%
BSE IT Sector index up 0.8%; HCL Tech up 4%, Wipro up 2.7%
BSE Metals index down 1%; SAIL down 4%, Hindalco down 1.4%
BSE FMCG index down 0.7%; HLL down 3%, ITC down 0.7%
Suzlon up 12%; board approves Rs 5,000 cr overseas issue
NSE CNX Midcap, BSE Small Cap index up 0.3% each
Market breadth tad positive; NSE Advance:Decline ratio at 7:6
Total turnover at Rs 42,462.31 cr vs Rs 39,247.05 cr yesterday

The capital goods index closed with a gain of 1.56% at 6,684.74 on account of buying seen in

Lakshmi Machine, Aban LoydChiles, L&T, Carborundum, Bharat Elec, and Siemens.

The BSE Auto Index rose 1.01% at 4,555.56. Hero Honda, Tube Investment, M&M, Tata Motors and Cummins closed higher.

The BSE IT Index was up by 0.86% at 3,627.94. HCL Tech, Mphasis BFL, I-Flex Solution, Moser Baer and Wipro and Satyam moved up.

The BSE Health Care Index was up 0.55% at 3,067.51. Matrix Lab, Novartis India, Sun Pharma, Aventis Pharma, Aurobindo Pharm closed higher.

The BSE Oil and Gas Index rose 0.5% at 5,074.57. GAIL, HPCL, BPCL and Reliance advanced higher.

The BSE Consumer Durables Index lost 0.5% at 2,617.93. Blue Star, Su-Raj Diamonds and Titan Industries were among the losers.

The BSE FMCG Index was down 0.74% at 1,868.80. Colgate, HLL, Britannia, McDowell and Nirma closed in red.

The BSE Metal Index closed low by 0.86% at 7,976.33. SAIL, Hind Zinc, Jindal Saw and Hindalco witnessed selling.

The NSE cash turnover was at Rs 7504.64 crore and the NSE F&O turnover was at Rs 32101.07 crore. The BSE cash turnover was Rs 2856.6 crore. Total market wide turnover was at Rs 42462.31 crore.

F&O UPDATE
Turnover at Rs 32101.07cr
F&O rollover at 70%
Nifty Futures rollover at 62 % July
ACC rollover at 79 % July
Ashok Leyland rollover at 81 %; OI adds 48 lakh shares in July
RIL rollover at 70 % July
Tata Steel rollover at 70 % July
Essar Oil Rollover at 92% July
Hindalco rollover at 87 %; OI adds 25 lakh shares in July
ICICI Bank low rollover at 31 %; Adds 7 lakh shares in OI in July
ITC low rollover 46 % rollover
MTNL rollover 69 %; adds 35lakh shares in OI
VSNL low rollover at 35% July

Sensex @ 1412 hrs

The markets continue to trade strong mirroring the global trend. At 2:12 am the Sensex was trading at 10281 up 151 points and the Nifty was trading at 3036 up 55 points.

About 1308 shares have advanced, 903 shares declined, and 86 shares are unchanged.

All the BSE sectoral indices are trading in green. Capital goods, oil & gas and auto stocks are leading the uptrend.

The major gainers on the indices were Bharti Airtel, HDFC Bank, Tata Motors, L&T, Suzlon Energy, Dabur India, Mah and Mah and Oriental Bank.

Hindustan Lever was trading at Rs 219.00 up 1.27%, Reliance was trading at Rs 1,027.70 up 2.69%, Infosys was trading at Rs 3,012.00 up 1.32%and ITC was trading at Rs 178.10 up 0.39% from its previous close of Rs 177.40.

Sensex @ 1200 hrs

The markets are still trading in steady with sustained buying seen in select index pivotals. At 12:00 pm, the Sensex was trading at 10,237.26 up 107.56 points and the Nifty was trading at 3,020 up 38 points.

About 1293 shares have advanced, 681 shares declined, and 65 shares are unchanged.
All the BSE sectoral indices are trading in the positive terrain. Capital goods, pharma and auto stocks are witnessing heavy buying interest.

The major gainers on the indices were HDFC Bank, Hero Honda, Tata Motors, Maruti Udyog, Suzlon Energy, Dabur India and Sun Pharma.

Hindustan Lever was trading at Rs 218.10 up 0.86%, Reliance was trading at Rs 1,012.55 up 1.17% and Infosys was trading at Rs 3,003.00 up 1.02%.

Sensex @ 1040 hrs

The markets are stable holding out the gains of early morning trade. At 10:40 am, the Sensex was trading at 10281 up 151 points and the Nifty was trading at 3025 up 45 points.

Asian markets were trading higher and the Nikkei added 1.2%, Straits stands up 1%, Taiwan up 1%, Kospi is up 1.6%, Hang Seng up 1% and in the emerging markets Russia up 1.2% and Brazil gained 1.3%. Dow was up 50 up odd, NASDAQ up 12 odd points ahead of the Fed meeting.

About 910 shares have advanced, 279 shares declined, and 28 shares are unchanged.

The major gainers on the indices were Reliance Comm, ONGC, HDFC, ICICI Bank, VSNL, ABB and TCS.

Hindustan Lever was trading at Rs 218.85 up 1.2%, Reliance was trading at Rs 1,016.50 up 1.57%, Infosys was trading at Rs 3,008.50 up 1.2% and ITC was trading at Rs 178.20 up 0.45%.

Markets @ 9:57 am

The markets opened with a significant positive gap in line with the Asian peers, Latin American markets and the Dow. At 9:57 am, the Sensex was up 10279 up 149 points and the Nifty was at 3023 up 41 points.

Asian markets were trading higher and Nikkei added 1.19%.

On the Corporate front

Goldman Sachs may buy 7-10% stake in NCDEX from ICICI Bank for around Rs 225 crore (Rs 2.25 billion) ET, FE

Results today

Gammon, Max India, Markans Pharma, NIIT, Jindal Polyfilms and Madras Fertilisers

RIL

In race to buy Modern Foods from HLL - HT
Drops plans to acquire majority stake in Haldia Petro as West Bengal govt plans to sell the stake to IOC - FE
Plans Rs 3000 crore (Rs 30 billion) Venezuela JV - BS

Ex-dividend today

Bajaj Auto (Rs 40 per share), Wipro (Rs 5), M&M (Rs 10), Tata Chem (Rs 7 per share), Allahabad Bank (Rs 4 per share), Biocon (Rs 2.50 per share), Karnataka Bank (Rs 3 per share), BOB (Rs 5 per share) and Indo Rama Syn (Rs 3.50 per share)

VSNL

Toc clock revenue of $2.5 billion in FY07
Tyco, Teleglobe to turn profitable by FY08
To invest Rs 1,000 crore (Rs 10 billion) on capex, Rs 1,000 crore (Rs 10 billion) on retail broadband

Jet vs Sahara

Sahara says Jet did not co-operate in getting approvals, Jet files transfer petition in SC
GE Shipping gets ONGC nod for demerger (came during market hours)
Calcutta HC approves merger of McLeod Russel and Williamson Tea Assam.
Merger effective from June 28

Management of Royal Enfield in talks with Eicher Motors to acquire parent's stake; Eicher Motors sees divestment to free up resources to invest in CVs - FE

Fidelity sold 78.6 lakh shares of Mphasis on June 23 aggregating to 4.88% stake

Dishman Pharma to start disinfectant formulation division

Piramals recast board: GP Goenka, Urvi Piramal, Harsh Piramal step down as directors of Nicholas Piramal

Aurobindo Pharma receives US FDA approval for Abacavir Sulfate Solution (anti-AIDS drug)

Qualcomm asks Reliance Comm not to switch to GSM, says no to CDMA royalty cut

ONGC eyes big-ticket Russian oil fields - BS

Uttam Galva eyes US buys - BS

Bajaj Auto plans to sell its entire range of 2 wheelers in Philippines through Kawasaki - BS

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