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Inputs by
Dr.Bhuvanagiri Amaranatha Sastry
Astro Technical Analyst
Saketha Consultants, Hyderabad


March derivative series started off on positive note with Nifty gaining about 0.50%. Short term bullish outlook  gets negated only if Nifty closes below 6200.. Nifty spot is expected to encounter resistance at 6315, 6350 and find support at 6235, 6200, for Monday. . While Global cues  and  Funds flow  are expected to broadly guide the market movement, based on the present market position , market can be expected to remain generally better in the forenoon and  could remain subdued in Second half , particularly towards close.

Nifty                               6277   +38

Review for Friday ::  IT and Pharma stocks  lead . .... !!

Market traded in a  narrow range with bullish bias and gained more than 0.50% for the day, gaining on all the Four days of the week. The week too ended with a gain of about 2%. 32 of Nifty stocks gained and broader market too was positive with Advance Decline ratio at 1.2 :1. Barring Energy and FMCG, all other indices gained led by Pharma, IT, Auto, Metal, Media and Infra.
Hindalco, TCS, Tata Motors, Lupin, JP Associates stood out as major gainers among Nifty stocks  while MAruti, NTPC, Tata Steel, Reliance, HDFC Bank remained losers.

JP Power, Hindalco, PFC, KTK Bank, Adani Ports  remained major gainers among F&O stocks while MAruti, Hexaware, Dish TV, NTPC, Unitech remained losers among F&O stocks.


The benchmark Sensex today jumped over 133 points to reclaim the 21,000 mark buoyed by gains in bluechips like TCS, Tata Motors and Hindalco, to log the best weekly rise since November 2013. Brokers said sentiment was strong as foreign investors have remained net buyers of Indian stocks in past ten days. Firm global cues also helped after US Fed Chairperson Janet Yellen yesterday reiterated the Fed is likely to continue tapering asset purchases at a "measured" pace. After gaining 450 points in past four sessions, the BSE Sensex shot up by 133.13 points, or 0.63 per cent, to end at 21,120.12. The index last closed above the 21,000 level on January 24 when it concluded at 21,133.56. The gauge had touched the day's high of 21,140.51 intra-day today. Experts said all eyes are on India's October-December quarter GDP growth. Hindalco led the 18 gainers in 30-share Sensex. TCS, Tata Motors, Sun Pharma, ONGC and BHEL were among notable winners. However, Maruti Suzuki led the 12 Sensex losers. Shares of the carmaker lost 4.54 per cent, amid investor concerns regarding its proposed Gujarat plant. For the week, the Sensex gained 419.37 points -- the biggest rise since the week ending November 29, 2013 when the barometer surged 574.54 points. "Going ahead, the markets would continue to follow developments on the political scene and geopolitical developments in Ukraine," said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities. The National Stock Exchange index Nifty rose 38.15 points, or 0.61 per cent, to end at 6,276.95, after climbing to 6,282.70 intra-day. Sectorally, the BSE healthcare sector index gained the most by rising 2.27 per cent, followed by IT index (1.44 per cent), Auto index (1.37 per cent) and Capital Goods (1.18 per cent). Overall, nine of the 12 sectoral indices gained. Oil&gas, consumer durables and FMCG ended in the red. Global markets, including those in Asia, were positive ahead of reports on American housing, consumer spending and economic growth. 


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Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
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The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
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