Intraday Nifty Stock Trading News

The investors gained confidence which led all the sectors trade in green. This has helped the market to advance its gains and recover its last days loses. On the sectoral front, sectors such as CD and Realty are witnessing heavy buying support. Both the benchmark indices and broader market are trading in the positive zone.

The broader market indices are trading positive as BSE Mid Cap and BSE Small Cap are trading up by 1.59% and 1.68% respectively. The key benchmark indices are trading at BSE 30-share Sensex above 18,415 mark, while Nifty is above the 5,520 mark.

At 12.20 PM BSE SENSEX was trading at 18,417.86 up by 250.22 points (1.38%) and the NSE Nifty was trading at 5,524.55 up by 74.90 points (1.37%).

The BSE MIDCAP was at 6,570.68 up by 102.82 points (1.59%) and the BSE SMLCAP was at 7,922.20 up by 130.87 points (1.68%).

On the economic front, repo rate should be the single policy rate to definitely signal monetary policy position to realize macroeconomic objectives of growth with price stability. The repo rate should operate between Bank Rate and the reverse repo rate. The Bank Rate will constitute the upper bound of the corridor while reserve repo rate would be the lower bound. The optimal width should be fixed at 150 bps and should not be changed in normal circumstances.

On the corporate front, IVRCL Infrastructures and Projects Ltd rose by 3.09% to Rs 73.50 after the company has bagged order worth Rs5.64bn.

Coal India Ltd. rose by 2% to Rs. 344.5 following reports the company may increase coal prices again by August 2011

At present, the market breadth indicating the overall health is positive with 1,811 stocks advancing, 777 shares declining and 80 stocks are left unchanged. Further, the overall market breadth is positive as all the 13 sectoral indices are trading higher.

Gainers from the Sensex Pact till now are Reliance Infra (5%), Reliance Comm (3.37%), DLF (2.44%) and ICICI Bank (2.17%).

The BSE CD was at 5,878.94 up by 131.26 points or by (2.28%). The main gainers were VIP Inds (10.51%), Whirlpool (5.39%), Titan Ids (2.06%) and Blue Star (1.49%).

The BSE REALTY was at 2,097.1 up by 43.41 points or by (2.11%). The main gainers were Parsvanth Dev (6.33%), Unitech (2.71%), DLF (2.44%) and Indiabulls Real Est (2.19%).
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Sureshot Mcx Commodity Trading Tips For Tomorrow

On the international front, Hedge funds enlarged their net-long positions on gold in the week ended March 1, 2011 due ongoing geo-political tensions in the Middle East. Managed money funds increased their positions 9% to 186,988 futures and options contract, according to Commodity Futures Trading Commission (CFTC) report.

Currently, Domestic commodities markets are trading with positive note. Most of the indices are showing upward trend on Multi Commodity Exchange (MCX) except MCXAGRI. At MCX futures, MCXCOMDEX is trading at 3,591.97 (up by 0.71%), MCXMETAL is trading at 4,540.11 (up by 0.53%), MCXENERGY is trading at 3,346.59 (up by 1.37%), and MCXAGRI is trading at 2,904.04 (down by 0.21%). (At 11:25 AM today).

At NCDEX, the Dhaanya, an agri commodity index, is currently trading at 1,121.38, down by 0.49% (At 11:23 AM today).

On the domestic market, Cardamom futures are trading with positive note today. March future surged as much as 3.00% to Rs. 1,098.10 per kg on the MCX as speculators enlarged their long position at the existing price level to meet the marriage season demand. Moreover, restricted arrivals from the major producing regions also kept the prices in positive zone.

At Multi Commodity Exchange (MCX), cardamom future for March contract is trading at Rs. 1,075.10 per kg, up by 0.83%, after opening at Rs. 1,082.00 against the previous close price of Rs. 1,066.10. It touched the intra-day high of Rs. 1,098.10 till the trading. (At 11:23 AM today).

The top gainers at MCX are Silver for December contract (2.78%), Potato for April contract (2.02%), Silver M for November contract (1.92%), Silver for September contract (1.86%) and Crude oil for June contract (1.86%). (At 11:21 AM today).

The top losers at MCX are Iron ore for April contract (-1.46%), Mentha oil for March contract (-1.40%), Mentha oil for May contract (-1.16%), Iron ore for March contract (-0.93%) and Lead for May contract (-0.71%). (At 11:20 AM today).

The top gainers at NCDEX are Turmeric for April contract (4.00%), Chilli for June contract (3.3%), Chilli for April contract (2.5%), Potato for March contract (2.1%) and Turmeric for May contract (2.00%). (At 11:14 AM today).

The top losers at NCDEX are Potato for July contract (-4.00%), Potato for August contract (-4.00%), Castor seed for May contract (-3.6%), Castor seed for June contract (-3.5%) and Castor seed for April contract (-2.5%). (At 11:17 AM today).

Gold futures are trading with positive note in the domestic market today on the back of tracking firm global cues. April future rose as much as 0.63% to Rs. 21,232.00 per 10 grams on the MCX as political tensions intensified in the Middle East nations and crude oil continued to gain on fear of supply disruption, boosting the demand for precious metal as a hedge against uncertainties and inflation. The concern about rising inflation and currency devaluation lifted the gold prices 30% last year for the 10th annual gain. Moreover, silver also advanced in the domestic market due to tracking global cues today.

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