BSE Sensex crawls to new 30-month high as cap goods shine

17 May 2013

Indices continued their upward crawl Friday, but it is clear that the market needs a bigger dose of liquidity to be able deliver meaningful returns hereon. Capital goods, power and realty shares were in demand, while investors shunned those from the pharma, oil & gas and metal sectors.

The 30-share Sensex closed at 20286.12, up 38.79 points over the previous close after touching a fresh 30-month high of 20328 intra-day.

The 50-share Nifty gained 17.40 points to close at 6187.30 .

BHEL, Jaiprakash Associates, DLF, Reliance Infra, and NTPC were among the key gainers in the Nifty, gaining between 2-4 percent.

Bharti Airtel, Dr Reddy's and Sterlite were among the laggards, down between 1-2 percent.

ITC shares closed slightly down, though the company's fourth quarter numbers were better than analyst estimates.

"It is all about liquidity. Until that party stops, we will just have to keep with the momentum. We know that we will stop at some stage," cautioned Andrew Holland of Ambit Capital, in an interview with CNBC-TV18 today.

Over the last one month, foreign funds have net bought more than Rs 17,000 crore as the India joined the party in emerging markets.

Most domestic players are said to have missed out on the rally as they remain worried about the weak macro-environment.

Industrial output remains sluggish, RBI's interest rate cuts have not yet translated into lower rates for borrowers, and India's current account deficit continues to be precarious.

"While we continue to like the long-term outlook for this market, we have kept a somewhat defensive cautious stance on India," Nidhi Mahurkar of Pictet Asset Management said in an interview to CNBC-TV18.

"We certainly need more from the government in terms of administrative reforms. We need to see progress on reform agenda be it on subsidies, infrastructure, insurance and pension, food security," she said.

Buyers continued to chase midcaps, betting that returns in these stocks would be higher, compared to their large cap counterparts.

Alstom India, Crompton Greaves, Alstom T&D, Schneider Electric, and Voltas were the key gainers in the midcap space, gaining between 7-14 percent.

Indian shares closed flat on the final day of the week, which otherwise showed a stellar performance led by huge rally in banking, realty, pharma, auto and capital goods stocks.

At 15.30 hrs IST, the Sensex was up 27.56 points or 0.14% at 20274.89, and the Nifty was up 17.40 points or 0.28% at 6187.30. About 1158 shares have advanced, 1252 shares declined, and 158 shares are unchanged.

Shares of power, capital goods, realty, infra and cement were on buyer's radar today.

ABB was the biggest mover in trade rallying more than 20 percent. The volumes surged more than 50 times on the NSE compared to 5-day average volumes.

JM Financial closed with 13 percent gains after the company managed to sell 3 percent stake to Vikram Pandit. The company will allot warrants to Pandit as per source based information.

Buzzing Stock: IRB Infra plans 1,200 acre township on Mumbai-Pune highway, reports CNBC-TV18 quoting Cogencis Sources. The stock was down over a percent.

News flash: S&P affirms BBB- rating on India, Outlook remains negative

03:17 pm Gold Check MCX Gold June futures slips below Rs 26000 per 10 gram in the afternoon trade.

Also Read: Don't see gold touching $1,100/oz by year-end: UBS

03:15 pm ABB told CNBC-Awaaz: "We will not comment on the market speculation."

03:11 pm BSE Capital Goods index was up 2.82 percent at 10410.10, up 285 points.

Key equity benchmarks were trading flat on the final trading day of this week. ABB was star performer of the day as stock surged more than 20 percent. The volumes also shot up by more than 30 times compared to the average volume.

At 15.02 hrs IST, the Sensex is down 6.19 points or 0.03% at 20241.14, and the Nifty up 4.55 points or 0.07% at 6174.45. About 1065 shares have advanced, 1269 shares declined, and 143 shares are unchanged.

Shares of capital goods like Alstom India, Alstom T&D, BEML and Cromtpon Greaves were up in the range of 9 to 11 percent.

Top gainers in the Nifty were (BHEL Rs 200.75, 3.64%), Jaiprakash Associates (Rs 82.45 3.00%), DLF (Rs 249.45, 2.70%), Ambuja Cements (Rs 190.75, 2.22%) and Power Grid (Rs 116.40, 2.19%).

Top losers were IndusInd Bank (Rs 510.45, 2.69%), HCL Tech (Rs 720.00, 2.56%), NMDC (Rs 122.00, 2.05%), Dr Reddys Labs (Rs 2,078.25, 1.92%) and Bharti Airtel (Rs 316.00, 1.71%).

2:57 pm Buzzing now: Hindustan Dorr-Oliver is quoting at Rs 14.79, up Rs 1.60, or 12.13 percent.

2:50 pm FII view: "Nothing has really changed in India, so I need to move from defensives in my long side of the portfolio to more kind of interest rate sensitives or companies with high debt," Andrew Holland, CEO, Ambit Investment Advisorssaid in an interview to CNBC-TV18. He sees 5500 as bottom for the Nifty.

 2:46 pm Earnings impact: Motherson Sumi Systems was quoting at Rs 203.30, down Rs 9.85, or 4.62 percent.

2:41 pm Stock alert: ABB was quoting at Rs 639.10, up Rs 93.55, or 17.15 percent.

2:37 pm Curb on gold: RBI has asked banks to stop advertising for gold coin sales, reports cogencis quoting sources.

2:32 pm Bond market update: New 10-year gilt makes debut. New 10-year at 7.16 percent.

2:26 pm: NTPC, ICICI Bank, Infosys, Bajaj Auto and Cipla are top gainers in the Sensex.

2:20 pm Stocks @ 52-week low: Cox & Kings, Simbhaoli Sugar, Kingfisher Airlines, OracleFinancial hit 52-week low.

02:19pm Market check: The Nifty slips below 6150. The Sensex is down 81.40 points at 20165.93, and the Nifty down 22.50 points at 6147.40.

Boardrooms post March quarter earnings:
Expect profits from general insurance biz in FY14:Reliance Capital
See traction in ad revenue; prices hiked by 19%: Sun TV
Power shortage in Tamil Nadu is concern: TTK Prestige

2:10 pm NMDC touched a 52-week low of Rs 120.85. It was quoting at Rs 121.40, down Rs 3.25, or 2.61 percent.

Interesting read: Why Just Dial IPO is a complete 'Avoid' for ABMoney

The market was still in negative territory as the Nifty hovered around 6150. The Sensex was down 52.51 points or 0.26% at 20194.82, and the Nifty down 11.95 points or 0.19% at 6157.95.

Realty stocks continued to get buyers' attention while consumer durables remained in the red.

Diversified conglomerate ITC today posted 19.42 per cent rise in net profit at Rs 1,927.98 crore for the fourth quarter ended March 31, 2013.

The company had posted a net profit of Rs 1,614.36 crore in the same period of previous fiscal.

Net sales of the company rose to Rs 8,180.30 crore for the fourth quarter ended March 31, 2013, compared to Rs 6,861.35 crore in the same period of previous fiscal, ITC Ltd said in a filing to the BSE.

Bharti Airtel, Wipro, Sterlite Ind, Dr Reddys Labs and RIL dragged during the day.

Buzzing Stock: Titan plans 3 new plants, 1 lakh sq feet retail space in FY14

Titan Industries will open three new manufacturing facilities in Tamil Nadu this financial year and will also add around 1 lakh square feet of retail space. While watches business will see a complete overhaul, fewer jewellery stores will be added. The stock was down 2.5 percent.

01:43 pm Market check: The Sensex is down 35.44 points or 0.18% at 20211.89, and the Nifty is down 8.70 points or 0.14% at 6161.20. About 966 shares have advanced, 1162 shares declined, and 158 shares are unchanged.

01:30 pm ITC Q4 results are out. The results are ahead of street  estimates.

Net profit of the company was up close to 20 percent at Rs 1928 crore compared to Rs 1614 crore a year ago. Sales from cigarettes jumped to Rs 3623 crore from Rs 3250 crore, Y-o-Y.

The company's total net sales also shot up close to 20 percent at Rs 8180 crore against Rs 6861 crore in the March quarter last year.

Operating profit margins were on the lower side. EBITDA margins came in at 32.1 percent. The stock is trading flat.

Only Buyers: Midcap stocks locked at 20 percent upper circuit on BSE are Remi Metals, Todays, JHS Svendgaard, AGCNET and Concurrent India.

Gold Check: Gold futures extend losses on global cues, subdued demand

Also Read: Brent slips, stays below $104 on demand woes, firm dollar

Gold futures prices today fell by 0.31 per cent to Rs 26,050 per 10 grams as participants indulged in reducing exposures, largely in tandem with a global trend where the metal dipped to one-month low.

F&O Action: Nifty Options Put Call Ratio at 1.25. Nifty 6200 Call adds 7 lakh shares. Nifty 6000 Put adds 6.5 lakh shares in Open Interest.

Some short buildup observed in ITC ahead of results. Fresh longs seen in GMR Infra, Unitech and HDIL. Short covering hapenning in IVRCL.

News flash: ABN AMRO cuts 400 jobs as prepares for eventual sale

State-owned Dutch bank ABN AMRO will cut 400 jobs, about 2 per cent of its workforce, as it prepares for an eventual sale.

01:10 pm Top gainers in the Nifty: Jaiprakash Associates (Rs 83.05, 3.75%), NTPC (Rs 159.95, 2.24%), Ambuja Cements (Rs 190.60, 2.14%) ACC (Rs 1,269.00, 1.48%) and Grasim (Rs 3,130.00, 1.38%)

Laggards: IndusInd Bank (Rs 506.75, 3.39%), HCL Tech (Rs 722.05, 2.28%), Dr Reddys Labs (Rs 2,088.05, 1.46%), Lupin (Rs 795.50, 1.41%) and NMDC (Rs 122.90, 1.32%)

It was another day of consolidation for the key equity benchmark indices BSE Sensex and NSE Nifty. Midcaps continued to outperform while traders preferred to book profits in pharma and banking heavyweight stocks.

At 13.02 hrs IST, the Sensex is down 28.19 points or 0.14% at 20219.14, and the Nifty down 6.65 points or 0.11% at 6163.25. About 974 shares have advanced, 1159 shares declined, and 151 shares are unchanged.

Cement stocks were trading firm despite the Competition Appellate Tribunal directed cement companies to pay 10 percent of a Rs 6,307 crore penalty. This penaly was imposed on them by fair trade regulator CCI for forming cartel in the sector.

Sources told CNBC-TV18 that Heidelberg Cement, the parent company may divest minority stake in its Indian arm. Private equity fund Bain Capital is  in talks to buy 12 percent stake in Heidelberg Cement. The valuations are not disclosed yet but this news lifted cement companies in trade today.

Heidelberg Cement was up over 7 percent.

12:50 pm Bad news: State-owned Dutch bank ABN AMRO will cut 400 jobs, about 2 percent of its workforce , as it prepares for an eventual sale.

12.46 pm Market update: The Sensex is down 50.54 points or 0.25% at 20196.79, and the Nifty slipped 13.90 points at 6156.00. About 972 shares have advanced, 1141 shares declined, and 161 shares are unchanged.

12:45 pm Cement update: The Competition Appellate Tribunal today directed cement companies to pay 10 percent of a Rs 6307-crore penalty imposed on them by fair trade regulator CCI for forming cartel in the sector. The tribunal also clarified that if the cement firms fail to deposit the amount within a 30 days time-frame, their petition would be dismissed.

The matter would now come up for final hearing in August. COMPAT had reserved its order over a batch of petitions filed by various cement producers and CMA on March 18 this year after hearing them on interim plea.

12:42 pm Global market: European markets opened on a weak note.  FTSE 100 was down 0.1 percent, CAC 40 slipped 0.2 percent, DAX was down 0.2 percent.

Expert's take:

Mkt fundamentals not better than before; bet on OMCs, says HSBC

12:40 pm Cogencis reports quoting TRAI source:
Each company may get 10-15 MHz per circle in 700 MHz auction
Total 60 MHz/circle available for auction in 700 MHz band
TRAI had favoured auction of 700 MHz band in 2014-15

Light read

Vikram Pandit: A banker's journey from Nagpur to New York

12:22 pm Star of the day: JM Financial was quoting at Rs 26.95, up Rs 3.40, or 14.44 percent.

12: 17 pm On bond markets Vivek Rajpal of Nomura India says:
Expect 15-20 basis points premium on new 10-year bond yield
Expect 7.15-7.20% on new 10-year bond yield
See RBI cutting rates in july credit policy
Recommend clients to be strategic in their approach

12:10 Midcap check: Apollo Hospital (up 3.1 percent), Indiabulls Power (up 4 percent), Manappuram Finance (up 3 percent), Opto Circuit (up 3.4 percent) were  major gainers among the midcaps.

12:07 pm Key gainers: NTPC, ICICI Bank, ONGC, TCS and Jindal Steel were big gainers in the Sensex.

The market seems to be in weekend mood already with the trading session going at a slow pace. At 11.56 hrs IST, the Sensex was down 42.90 points at 20204.43, and the Nifty fell 14.25 points to 6155.65.

Consumer durables and pharma continued to lose further while banking stocks too were giving up gains.

Dr Reddys Labs, Wipro, Bharti Airtel, Sterlite Ind and HDFC Bank remained major losers in the Sensex.

Globally, it was a positive session for the Japanese and Chinese markets. In currencies, the euro is trading weak around 1.28. In commodities, brent crude was inching towards USD 104 per barrel, but gold remained weak below USD 1400.

52-week highs Heavyweights like Bajaj Finance, Shree Cement, Glaxosmithkline Consumer, Apollo Hospitals, Yes Bank and Indiabulls Real Estate touched fresh 52-week highs in trade today.

Commodity Corner: MCX Gold future down Rs 38 at Rs 26093 per 10 gram. MCX Silver down Rs 64 at Rs 43198.

Commodity bets: How to play copper, crude, gold today

Buzzing Stock: Tata Teleservices Maharashtra Limited down 5 percent. The offer for sale indicative price at Rs 3.49 per share. The company received bids for 1.87 lakh shares in offer for sale till 11:35 am.

IPO Check: Why ABMoney bearish on Just Dial IPO, says 'Avoid'

Earnings Impact: Sun TV Network's  fourth quarter net profit was up 12 percent at Rs 178 crore compared with Rs 159 crore, a year ago. The stock was down 1.5 percent.

Sun TV Boardroom: S-l Narayanan, Group CFO, Sun Group told CNBC-TV18, "Sun TV has hiked rates at an average of 19 percent for weekdays prime time shows. We have undertook price hikes after almost 24 months."

On margin picture, he said "The volatility in margins is mostly on proprietary contents. We expect to maintain margins in the range of 75-80 percentage in the long-term."

Delivery Stats

JP Associates
Delivery volume down from 80 lakh to 22 lakh
Delivery percentage up from 16% to 24%

SBI
Delivery volume up from 5 lakh to 9 lakh
Delivery percentage up from 27% to 40%

ICICI Bank
Delivery volume up from 11 lakh to 17 lakh
Delivery percentage up from 46% to 55%

L&T
Delivery volume up from 5 lakh to 12 lakh
Delivery percentage up from 45% to 59%

RIL
Delivery volume up from 11 lakh to 18 lakh
Delivery percentage at 50%

ITC
Delivery volume up from 37 lakh to 53 lakh
Delivery percentage up from 67% to 72%

TCS
Delivery volume up from 8 lakh to 10 lakh
Delivery percentage up from 69% to 78%

Bajaj Auto
Delivery volume up from 3 lakh to 17 lakh
Delivery percentage down from 60% to 34%

11:27 am Buzzing Stock: Gujarat State Fertilizers & Chemicals fell 3 percent after net profit dropped 74.6 percent to Rs 58.44 crore on 10.9 percent rise in net sales to Rs 1696.10 crore in Q4 March 2013 over Q4 March 2012.

11:23 am Cigarette major ITC to announce results today.

ITC is expected to report a net profit of Rs 1,910 crore, up 18 percent year-on-year, while net sales are likely to increase 17 percent to Rs 8,025 crore, according to a CNBC-TV18 poll. Cigarette volumes are seen up 1.5 percent.

CNBC-TV18 Poll: ITC Q4 net profit seen up 18% at Rs 1,910cr

11:12 am Cement stocks buzzing in trade today. COMPAT levies 10 percent penalty of Rs 6300 crore on cement companies.

COMPAT directs cement companies to pay penalty within a month. The failure to pay penalty by the cement companies will result in dismissal of appeals.

ACC up 1.5 percent, Ambuja Cements up 1.8 percent despite levy of penalty.

See how cement stocks are moving

11:05 am Volumes in JM Financial surged more than 6 times the average volume on NSE.

MUST READ: Vikram Pandit - A banker's journey from Nagpur to New York
Ex-Citi boss Vikram Pandit to lead JM Fin banking foray

Indian shares took a breather and consolidated in the late morning trade on Friday. BSE Sensex was holding 20200 mark while Nifty managed to edge above 6150 led by buying in realty, power and IT stocks.

At 10.59 hrs IST, the Sensex is down 14.84 points or 0.07% at 20232.49, and the Nifty down 3.20 points or 0.05% at 6166.70. About 963 shares have advanced, 828 shares declined, and 121 shares are unchanged.

Bank Nifty was trading marginall weak on profit booking. The banking index has rallied over 5 percent in the last one week. 

Key gainers in the Nifty were (Grasim Rs 3,144.95, 1.86%), ACC (Rs 1,271.90, 1.72%), Ambuja Cements (Rs 189.80, 1.71%), Cairn India (Rs 301.70, 1.55%) and Jaiprakash Associates (Rs 81.05, 1.25%).

Laggards included IndusInd Bank (Rs 511.50, 2.49%), Dr Reddys Labs (Rs 2,078.00, 1.93%), Ranbaxy Labs (Rs 468.75, 1.34%), HDFC Bank (Rs 714.35, 1.17%) and Asian Paints (Rs 4,809.20, 1.08%)

10:57 am Sun TV Q4: Net profit  Rs 178 crore, net sales at Rs 472.7 crore EBITDA at Rs 348 crore, EBITDA margin at 73.3 percent.

10.56 am: The Sensex is down 21.20 points at 20226.13, and the Nifty down 6.60 points at 6163.30. About 967 shares have advanced, 815 shares declined, and 123 shares are unchanged.

10:55 am Gainers: NTPC, Bajaj Auto, Tata Motors, Jindal Steel and ICICI Bank are the key gainers in Sensex.

10:47 am Tom Price, Global Commodity Analyst, UBS on CNBC-TV18:
See fundamental support for gold at USD 1,200-1,250/oz
Do not see gold touching USD 1,100/oz by year-end
Brent holding USD 100/bbl level; reflects balanced outlook

Light read:

Vikram Pandit: A banker's journey from Nagpur to New York

10:40 am Index check: Pharma, banking, consumer durables are losing buyers' interest. BSE Realty is up 1.5 percent from its previous close.

10.37 am Marlet check: The Sensex is up 8.96 points at 20256.29, and the Nifty up 1.80 points at 6171.70. About 1004 shares have advanced, 744 shares declined, and 120 shares are unchanged.

10:25 am Precious metal: Gold fell for a seventh straight session on Friday as the dollar strengthened and investors cut exposure to the metal, sending holdings in exchange-traded funds to their lowest in four years. Spot gold was down 0.53 percent at USD 1,378.41 an ounce by 0346 GMT, having fallen to a four-week low of $1,369.29 on Thursday as renewed liquidation in gold ETFs and a recent drop below the USD 1,400-per-ounce level spooked investors.

10:22 am Buzzer: Tata Teleservices (Maharashtra) or TTML's offer-for-sale of 5.16 cr shares opens and closes today. The stock is down over 5 percent.

10:20 am Shedding weight: Linde India is down 4.4 percent. Their offer-for-sale which closed yesterday managed to raise USD 55 million with participation only from fund houses and domestic insurance companies.

10:15 am Brokerage call: UBS has a buy on Cairn with a target of Rs 445. Cairn's aggressive drilling plans and capex could show encouraging results. Growing net cash and a likely hike in dividend pay-out will be positive, it says.

10:10am Feeling sick: Pharma majors, Ranbaxy, Dr Reddy's, Cipla lose about 1.5 percent after the Department of Pharma notified the drug price control order yesterday. Accordingly, new pricing will come into effect on the July 1. While this is in-line with most analyst expectations but it will impact the bottomline and return ratios of the companies in the near term with no substantial long term impact likely.

Earnings check:

Bajaj Auto Q4 net down 1% at Rs 766 cr; beats street
Reliance Capital Q4 net drops 20%, tax reversal saves show
Macquarie: How banks look post Q4 earnings  

The market seems to be going out of breath after the consecutive gains this week. At 09.57 hrs IST, the Sensex was down 7.21 points at 20240.12, and the Nifty fell 3.80 points to 6166.10.

Technology stocks were seeing some buyers' interest taking the index up 0.9 percent.

Infosys, TCS, Tata Motors, NTPC, ITC were the biggest gainers in the Sensex.

Star of the day JM Financials hit 52-week high at Rs 27.50, up 15.7 percent on the BSE. Former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy stake in JM Financial through warrants.

Nimesh Kampani-promoted JM Financial Thursday sought to strengthen its case for a banking license by roping in former Citigroup CEO Vikram Pandit.

Meanwhile, Dr Reddys Labs, HDFC Bank, GAIL, HDFC and Bharti Airtel dragged in the Sensex.

DB Corp Boardroom: Girish Agarwaal, Director, DB Corp told CNBC-TV18, "The yield improvement has boosted revenue growth. Volumes however continued to remain flat. Also the losses from emerging editions have reduced considerably."

He is optimistic of maintaining margins at the current level.

Reliance Capital Boardroom: Sam Ghosh, CEO at Reliance Capital told CNBC-TV18, "The company's Asset Under Management (AUM) grew by 21 percent while the commercial financial business grew by almost 30 percent to Rs 340 crore."

He expects Net Interest Margins (NIM) to go above 4.5 percent in the short-term. The stock was down 0.5 percent.

Trading Ideas: 6 stocks likely to see lot of action today
Bull's eye: Buy JM Financial, Adani Ports, Sun TV, Emami
Stocks you could BUY today: Mah Satyam, United Spirits, Cairn India

Market Outlook: Andrew Holland of Ambit Investment Advisors told CNBC-TV18, "Liquidity is driving global markets without earnings growth. The central banks across the world are fuelling liquidity into the system."

Commenting on India, he said "Nothing has changed in India to warrant rally. Indian companies need huge money to sort stress. 5500 level is seen as bottom for the Nifty."

Results to be announced today: Watch out for the stocks that will declare thier quarterly results today. ITC, Sun TV, PTC India Finance, Dhanlakshmi Bank, ENIL, Motherson Sumi, NIIT Tech, Onward Tech, Voltamp Trans, Bharat Bijlee.

Cigarette major ITC was trading at Rs 340.55 up 1.11% ahead of its results.

09:37 am Currency, Gold Check: The Indian rupee opened at 54.85 per dollar versus 54.77 yesterday. COMEX Gols recovered in trade today. MCX Gold will open for trade at 10.00 am.
Indian Rupee opens lower at 54.85 per dollar
Gold edges up, headed for worst week in a month

09:35 am Top gainers in the BSE Midcap (TTK Prestige Rs 3,583.00, 3.93%), State Bank of Travancore (Rs 568.00, 3.29%), Jaypee Infra (Rs 42.45, 3.03%), State Bank of Mysore (Rs 590.00, 2.44%) and HT Media (Rs 101.90, 2.21%)

MUST READ  Ex-Citi boss Vikram Pandit to lead JM Fin banking foray
Stocks in news: ITC, JM Financial, ICICI Bank, HT Media

Key equity benchmarks opened flat on the final trading day of this week. JM Financial surged close to 7 percent after the former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy 1.5 percent stake each in JM Financial through warrants.

Nimesh Kampani-promoted JM Financial Thursday sought to strengthen its case for a banking license by roping in former Citigroup CEO Vikram Pandit.

At 09.19 hrs IST, the Sensex is up 24.20 points or 0.12% at 20271.53, and the Nifty up 4.50 points or 0.07% at 6174.40. About 477 shares have advanced, 200 shares declined, and 40 shares are unchanged.

Key gainers in the Nifty were Jaiprakash Associates (Rs 81.75, 2.12%), Cairn India (Rs 301.90, 1.62%), UltraTech Cement (Rs 2,030.05, 1.36%), Ambuja Cements (Rs 188.90, 1.23%) and Infosys (Rs 2,357.55, 1.07%)

Laggards included (Dr Reddys Labs, Rs 2,086.20  1.55%), HDFC Bank (Rs 712.00, 1.49%), Lupin (Rs 796.95, 1.23%), HDFC (Rs 900.60, 0.85%) and Cipla (Rs 418.65, 0.82%)

The most active shares on NSE were Jaiprakash Associates (Rs 81.75, 3,571,692), SBI (Rs 2,398.55, 115,126), JM Financial (Rs 25.50, 10,573,917), ICICI Bank (Rs 1,210.05, 196,376) and United Spirits (Rs 2,343.55, 69,511)