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the Nifty was trading marginally alter with dissident prejudice.The markets took a relief after a stupendous recuperate of 250 points in Nifty. Purchase was seen in holding, alloy and pharma stocks. Commercialism was seen in IT, machine and majuscule goods stocks.

The Sensex was descending 59.79 points or 0.35% at 16940.22, and the Nifty plumage 25.70 points or 0.51% at 5062.40. Nearly 1584 shares modern, 1258 shares declined, and 339 shares were unvarying.

In the largecap set, DLF was the top dive with writer than 2% acquire. Unitech, Grasim, Certainty Field and Engineer were up 1-2%. On the losing back, Infosys, Mathematician Honda, BPCL, Hindalco and Cipla were doctor 1-1.5%.

In the machine area, Tata Motors, Mah and Mah, Maruti Suzuki and Inventor Honda were imbibe 1% each.

In the banking grapheme, ICICI Array, HDFC Slope, HDFC and Coalition Slope were fallen 0.3-1.3%.

In the IT set, Infosys, TCS, Wipro and HCL Tech were eat 0.4-1.7%.

MUMBAI: Equities ended on a positive note on Tuesday following gains in metals, realty and power stocks. Broader markets outperformed the
benchmarks even as traders discounted negative cues from Europe. ( Watch )

The indices have been hitting new yearly highs on hopes of 6.75 per cent GDP growth for 2009-10. Traders are optimistic of third quarter results from India Inc taking cues from surge in auto sales and cement dispatches.

“We have been bearish but markets seems to be gung-ho about third quarter results. It needs to be seen how the results pan out,” said Ajay Parmar, head of research, Emkay Shares and Stock Brokers.

Bombay Stock Exchange’s Sensex closed at 17,686.24, up 127.51 points or 0.73 per cent. The index touched an 52-week high of 17729.78 and low of 17555.77.

National Stock Exchange’s Nifty ended at 5277.90, up 45.7 points or 0.87 per cent. The broader index hit a 52-week high of 5288.35 and low of 5242.40.

BSE Midcap Index was up 1.2 per cent and BSE Smallcap Index gained 0.85 per cent.

Amongst the sectoral indices, BSE Metal Index moved higher by 3.82 per cent, BSE Realty Index advanced 1.14 per cent and BSE FMCG Index moved up 0.87 per cent. BSE Auto Index was down 0.25 per cent.

Metals witnessed a sharp spurt, particularly with shares of aluminium manufacturers Hindalco and NALCO hogging the spotlight on speculation of rise in Chinese alumina prices. Shares of NALCO ended 14.96 per cent higher on NSE.

“Overall demand is improving and there are signs of development in the US and China. Not only aluminium, but prices of iron ore and sponge iron have moved up. This has resulted in rise in share prices,” Parmar added.

Biggest Sensex gainers comprised Hindalco Industries (7.39%), Jaiprakash Associates (5.79%), Sterlite Industries (4.57%), Reliance Communications (3.51%) and Grasim Industries (3.36%).

Maruti Suzuki (-2.27%), Tata Motors (-1.99%), ACC (-1.37%), NTPC (-1.08%) and Reliance Industries (-0.54%) resisted the upmove.

Godrej Properties had a stellar listing. The scrip ended at Rs 536.05, up Rs 46.05 or 9.40 per cent on NSE. It touched a high of Rs 586.80 and low of Rs 502.15 during the day.

Market breadth was positive on the BSE with 1768 advances and 1119 declines.

European markets bounced back into the green led by banks and the US markets were likely to open flat. At 4:50 pm IST, Dow Jones stock futures was up 0.05 per cent, S&P 500 moved 0.02 per cent higher and Nasdaq 100 declined 0.08 per cent.
source-http://economictimes.indiatimes.com

Auto sales in December continued to grow at an unprecedented rate, mirroring the health and resilience of the Indian economy. Most companies registered high double-digit growth in the month.

Four-wheelers grow

The country’s largest four-wheeler manufacturer Maruti Suzuki sold 71,000 units in India, a 36.5% increase over previous year’s December. Counted with exports, Maruti’s sales grew at 50.6%.


Hyundai Motor India, the number two player in India, too registered an impressive 42.6% domestic growth year-on-year. In December, Hyundai sold 47,217 units compared to 38,502 units in December 2008. Exports for the company grew by 9% taking the cumulative growth tally to 22.6%. Expectedly, Hyundai’s A2 segment cars like Santro, Getz, i10 and i20 cornered the bulk of its sales. “With the overall economic scenario improving the Indian automotive market seems to have stabilized but we must thank the Indian government for the timely intervention last year. The stimulus package certainly helped the automotive industry and we hope the government will continue with this at least for some more time,” said Arvind Saxena, Director – Marketing and Sales, HMIL.

“For Hyundai, introduction of new products like the i20 helped as in the last few months it has become an important contributor to our sales,” Saxena said.

Sales for Mahindra & Mahindra (M&M), a major player in the utility vehicles (UV) space with vehicles such as the Scorpio, Bolero and Xylo, grew at 122%. It sold 22,754 units last month compared to 10,253 units in December 2008.

Two-wheeler tally

Among motorcycle, leader Hero Honda said it sold 3.75 lakh units versus 2.15 lakh units year-on-year, a 74% growth. Hero Honda said it would launch new models across various segments by March.

The number two player in the segment, Bajaj Auto, has not yet released its December sales tally.

TVS Motor Company registered a domestic growth of 42% in December over the same month last year, selling 1,02,479 units compared to 72,355 units.
 source-http://www.moneycontrol.com