Experts pick stocks/sectors to buy ahead

After a bout of correction, Indian equity markets seem to have changed track again, upwards. The National Stock Exchange’s Nifty 50 closed Monday at 4,898 bouncing back after a brief but strong correction to about 4,600 levels.

The road ahead

The Indian market has been rising on the back of the weakening dollar, feels Jitendra Sriram, VP & Fund Manager – Equities at HSBC. “The markets will remain volatile ahead because the amount of cues that’s are coming in from global sources whether be the euro zone or US remains mixed,” he said.

The market looked a little expensive at Nifty 5,000 levels, Sriram said. “To our mind, either there is a time value where corporate earnings catch up or there is a pullback in the index, which will tempt investors to come back and buy into the market.”

“A lot of people are still convinced that market is just not yet a buy on rallies or aggressively buy on dips,” said Sajiv Dhawan of JV Capital Services. “There are a lot of people looking to short and they are expecting the markets to fall further in month of November-December.”

“Personally speaking we are on the long side as we do follow strict levels, there is no reason as of now to short, I think that time is obviously gone but sentiment remains skittish,” he added.

Dhawan’s advice is to keep buying but with strict stop-losses.

View on stocks/sectors

Banks: “It’s an investment call; you buy the dips,” Dhawan said. “The stocks corrected maybe 10-15% plus from their highs. The negative news in the form of higher interest rates ahead if factored in into the prices to an extent. It’s still full of potential of mergers and acquisitions, you have seen ministers discuss their state banks saying they would like bring their down holding into that stock. You have seen private sector banks like ICICI Bank, HDFC Bank having several ‘buy’ recommendations,” he added. “Across the board whether it’s a PSU, private banks for us it’s an investment call and you buy on any sharp decline.”

Aviation: “From a near-term perspective there are various triggers,” said Sriram. “One is you are entering the busy season in terms of tourist arrivals, generally the monsoon quarter tends to be little weak and you are entering a phase where load factors will go up,” he said, adding that air tariffs were also showing some kind of strength. “These are the two factors, which are driving up space.”

Sugar: Sriram said he was positive on the sector, adding that the fair and remunerative price (FRP) the nation introduced recently was a plus for the long term. “It brings down the impact of the vagaries of local state level regulations on the space.”

Auto sales zoom up in September

The society of Indian automobile manufactures (Siam) on Tuesday released its production, sales and export report. While the passenger vehicles and two and three-wheelers segment registered a positive growth, the commercial vehicle segment seems to be lagging behind.

It’s been a better-than-expected performance by India's automobile industry in the first half of the fiscal year.
Passenger vehicle sales have jumped 13.5 per cent, while two- wheelers grew at more than 15.5 per cent.
But commercial vehicle sales are down and this is the real worry area for Motown.
Dilip Chenoy, president of Siam, said, “Growth in the CV segment reflects the economic condition. When there is a downturn, the first to fall are the CVs and in the upturn the last to grow are the CVs. What we are seeing now is slow and steady growth, which reflects that the Indian economy is improving.
But to come back to its full growth potential will take some time because the last year’s numbers are very low. We might see numerical growth in November-December and hopefully by the end of the financial year, we will see some positive growth."
It is the return of financing to the auto space that is starting to help the CV makers too.
The problem though is of large inventory that remains to be cleared from the pipeline.
However, for the rest of the industry the availability of loans and the massive festive demand is surely pushing them towards achieving double-digit growth for the full year.

Climbing rupee worries IT sector

The fate of the Indian IT sector is somewhat at the mercy of the rupee. However, the sharp run up of the currency is starting to worry the sector, as they fear that the strengthening rupee is something they will have to contend with for a while.

The rupee is galloping again and has appreciated 2.5 per cent in less than a week—a cause of worry for the Indian IT pack as it logs into the earning season.

Typically, every per cent of rupee appreciation has a negative impact of 40-50 basis points on margins for the Indian IT companies.
While short-term impact may be neutralised through gains in hedge positions, the cost structures for these companies will inflate as majority of their expenditure is in rupee and earnings, almost 70 per cent, in dollars.
N Chandrasekaran, CEO of TCS, said, "It’s a problem and we are evaluating the situation. Cross currency fluctuation is a worry."

While short-term rupee appreciation will not be difficult for the IT sector to defend, the markets are clearly expecting it to be a long-term trend.
Beating down the IT pack almost three per cent in trade on Wednesday, the climbing rupee, compounded with a lackluster quarter ahead with less billing days thanks to the holiday season, will certainly put hurdles on the road to recovery for the IT sector.

Rising rupee a big worry for exporters

Over 10 per cent rise of rupee against the US dollar has become a "big worry" for exporters at a time when they saw arrest in sharp decline in the country's exports amidst a hope of recovery.
The dollar is trading at below Rs 47, weakening by over 10 per cent from Rs 52.17 in the first week of March 2009.
"The appreciating rupee will have negative effect on exporters, who are already facing lack of orders," Federation of Indian Export Organisations President A Sakthivel said.
He said weak dollar results in falling margins for exporters as their rupee realisations drop, which in turn affects their negotiating power with the global buyers.
"Appreciating rupee is a big worry. We were getting help from strong dollar," Chairman of Council for Leather Exports Habib Hussain said.
Though dollar has seen a sharp decline against major currencies of the world, bulk of India's trade is done through the US currency.
Exports have been declining since October 2008 under the impact of recession in the world's major economies. However, the contraction in exports, which dipped by 30 per cent in March and April, reduced to 19.4 per cent in August this year.
The government has announced several sops for exporters who contribute about 17 per cent to the country's gross domestic product. The sops included interest subsidy of two per cent on bank finance.

Are heady days over for telecom?

The telecom sector has been in the limelight now for the past few days, but for investors it has not been the kind of good news that made the sector their darling a few years ago.
First Tata DOCOMO flagged off a price war which was taken further by RCom. And in the meantime, the MTN-Bharti merger fell through.
To tackle competition, RCom has offered a new 50-paise-per-minute tariff plan for local, STD calls, and SMSes to its customers—a move that can deliver monthly savings of 46 per cent to its customers but one that can cause a near 600 basis points dent in its margins. What's more, the increased competition is likely to see revenue growth for operators coming under pressure but customer acquisition seems top of mind now. Inder Bajaj, president of RCom, said the move is expected to increase its customer base.
In an industry already crowded with 12 operators, Trai's new plan on making per-second pulse mandatory for all operators will only add fuel to the competitive fire.
Trai chairman JS Sharma said, it will examine whether we can make it mandatory but there are no questions of making it mandatory for operators to offer tariff only on per-second tariff.
But industry players are putting up a brave front expecting the consultation process with the regulator to yield a more pragmatic policy decision, even as some opine that given the talking habits of Indians the concerns are overstated.
Manoj Kohli, CEO, Bharti Airtel, said, “Fortunately, the Trai has always provided forbearance— India has seen all kinds of methodology of payment - whether its 1sec, 10 sec or 20 sec pulse. We are very clear that the Indian customer does not want to talk fast. It does not want to talk short; it wants to talk long and in a relaxed fashion.”
RCOM's new tariff scheme is seen as a reaction to the aggressive pricing adopted by Tata Docomo and is a sign of the times to come. The stock prices of leading telecom stocks saw a sharp decline of between 8-10 per cent in acknowledgement of this reality.

Tariff war may pressure telecom operators’ revenues

The ongoing tariff war in the cellular segment could bring down the average revenue per minute for operators, but it would also lead to consolidation in the industry, according to analysts.

The latest round of tariff war was triggered by Tata DoCoMo when it announced per second calling rates.

On Monday, Reliance Communications raised the pitch by introducing a new plan whereby customers can make all calls at 50 paise a minute.

To top it all, the telecom regulator announced at the sidelines of an industry event in Geneva that seconds-based tariff may be made mandatory for all operators.

“We had assumed the industry average revenue per minute to fall to 50 paise in FY 2011, a CAGR decline of 7 per cent per annum from the current levels. We now believe that with this latest RCom tariff, the average revenue per minute (ARPMs) could decline by another 10 per cent. This short-term pain could lead to faster consolidation of the industry,” said a report from Morgan Stanley.

Telecom stocks took a beating on the Bombay Stock Exchange as a result of these concerns.

Reliance Communications lost 10.64 per cent to close at Rs 268.25. Bharti Airtel dipped 10.22 per cent and ended at Rs 359.40. Idea Cellular went down 8.29 per cent to close at Rs 64.75 and MTNL tanked 5 per cent at Rs 82.90.

Analysts also said that while some of the new schemes announced may not be sustainable in the long run, consumers also stand to lose out partly.

“Operators offer a lot of free talk time in the minute-based tariff, but I don’t think users will be given free usage in the per-second billing plan. This could in fact neutralise the impact of seconds-based calling on operators,” said Mr Prashant Singhal, Partner, Ernst & Young.

IT cos expected to post sequential growth in Q2

Bangalore, Oct. 6 The worst seems to be over for the Indian IT industry as analysts predict a return of sequential growth in the second quarter of fiscal 2010 helped by improvement in business sentiments and favourable cross currency movements.

Also, the faster-than-expected turnaround could prompt Infosys Technologies to upgrade its fiscal 2010 revenue forecast to a flattish year-on-year growth, compared with the company’s earlier negative projections, analysts said. Infosys, which will announce its numbers on Friday, would beat its own projections for the September quarter, they said.

Positive commentary

The recent positive commentary from the managements of top tier vendors coupled with a robust deal flows throughout the September quarter has lifted sentiments in the sector. In the previous two quarters, the industry had for the first time since 2001 witnessed a sequential negative growth, reeling under the impact of the global economic crisis that caused volumes to drop and induced pricing pressures.

Analysts said client decision making was turning orderly with improvement across verticals (especially BFSI and Telecom). Signs of recovery, including volume based utilisation improvement, stable pricing and abatement of leakages at key clients, are also visible.

“We believe pick-up in discretionary demand, faster rebound in BFSI and telecom and contribution from new business channels could lead to upgrades,” brokerage firm Motilal Oswal said in a note to clients.

The rupee has remained largely flat against the US dollar during the September quarter, as a result of which the rupee-term growth would be largely in line with the dollar-term revenue growth during the quarter.

A BL poll of five brokerages reveal that Infosys would post an average revenue Rs 5,576 crore for the quarter ahead of its guidance of Rs 5,318 crore to Rs 5,413 crore. Net profits were expected to be marginally lower at Rs 1,523 crore from Rs 1,527 crore in the June quarter.

TCS is expected to post a revenue of Rs 7,312 crore ahead of its June quarter’s Rs 7,207 crore. Profits could increase marginally to Rs 1,523 crore due to higher tax rate as against Rs 1,520 crore in the previous quarter.

Wipro’s consolidated revenues were expected to grow to Rs 6,621 crore as against Rs 6,318 crore in the previous quarter, while net profits were likely to decline marginally to Rs 1,065 crore.

Analysts also expect an improvement in utilisation for the September quarter. “This coupled with favourable cross currency movement (a positive impact of 1.5-2 per cent on dollar-term revenues), we expect front-line IT companies to easily exceed their Q2 dollar-term revenue guidance,” an analyst at Sharekhan said.

Operating margins

Operating margins of the top tier companies will remain resilient with a year-on-year improvements of 50-120 basis points. Headcount cuts and hiring postponement could provide further upsides to margins, analysts added.

Companies such as Infosys and Wipro are giving out pay hikes and promotions to their employees, which is a sign of improved business prospects. Infosys, which had not raised salaries in April, is considering a hike in October, while Wipro has also given out hikes, albeit more selectively, to top performers, said an analyst at Angel Broking.

The ongoing vendor consolidation exercises have also benefited companies like TCS, Infosys and Wipro, helping them not only retain the customer, but also giving them the scope to increase their engagement with the clients.

During the quarter, TCS, Infosys and Wipro were retained by energy giant BP, which in a major exercise cut its vendors from as many as 40 to just five.

Top Auto Performers

Here are the top 10 auto/auto parts stocks on BSE:

Kinetic Engineering

3-month returns (%): 203.21

Ceekay Daikin Ltd

3-month returns (%): 169.69

Ucal Fuel Systems

3-month returns (%): 132.92

Kinetic Motor Co

3-month returns (%): 126.57

Federal-Mogul Goetze (India)

3-month returns (%): 124.15

Jamna Auto Industries

3-month returns (%): 119.47

Simmonds Marshall Ltd

3-month returns (%): 109.75

Spectra Industries

3-month returns (%): 106.16

Hinduja Foundries

3-month returns (%): 103.86

Majestic Auto

3-month returns (%): 96.84

Sector Performance

BSE Auto	6467.21	93.36
BANKEX	9434.68	73.41
Bank Nifty	8433.35	70.55
Capital Goods	13550.67	73.93
Consumer Durables	3482.17	22.92
BSE FMCG	2536.43	5.48
BSE Healthcare	3988.05	5.60
BSE IT	4548.17	85.40
BSE Metals	14488.81	38.86
Oil and Gas	10079.36	296.39
BSE PSU	8756.75	31.13
BSE TECk	3265.42	61.56
BSE Small Cap	7317.50	9.39
BSE Mid-Cap	6143.62	16.70
CNX Midcap	6529.50	44.25

Global Tea Shortage Prices To soar : Buy Tea Stocks

Tea lovers will have to shell more for their favorite drink now as dry weather in India, Sri Lanka
and Kenya has led to a global shortage of about 90,000 tonnes, raising wholesale prices.

Production of tea has come down by as much as 15 per cent leading to a worldwide shortfall in the world tea market.

"All in all we reckon we are about 80,000 to 90,000 tonnes of tea short in the world tea market now," said Bill Gorman from the UK Tea Council, the Sky News reported.

And with growing demand and falling supplies, the cost of leaf tea at auction is being pushed up.

At a sale in Kenya last month prices for the highest quality tea were said to have risen by more than a third.

The retail price for Britain's favourite drink has already increased by more than 10 per cent this year.

"Where a box of 80 tea bags in the UK only rose about 10 pence from 1999 to 2009 because of over-supply of tea, now that oversupply has gone, we are starting to see those prices rising again," said Gorman.


S: NP

Bullish On India, China: Morgan Stanley

Buy: Infra, Realty

Morgan Stanley's its Chief Asian & EM Equity Strategist Jonathan Garner told that he is overweight on emerging markets like India and China, Garner said Chinese equities may run through their correction course fairly soon. “Like the rest of the emerging markets, they have corrected the extreme mispricing that existed since last year,”

Garner said investors should stay away from consumer staples and low-beta sectors and instead buy high-beta ones. “We have increased our exposure particularly to infrastructure and construction and the road building programme is an extremely interesting one to play and the property sectors as well.”

We don’t think that this is going to turn into a meaningful downturn in markets. The underlying picture is one of global economic recovery and we suspect that in Asia and emerging markets, corporate earnings are going through the trough of the cycle right now. So the 2010 outlook strategically is very good.

We are overweight Indian equities. There has been a poor monsoon season and we are factoring that into our gross domestic product (GDP) forecast but the industrial production and corporate earnings side of the economy are very strong, in fact beating expectations on corporate earnings. Then we have measures that are coming forward on the fiscal side that we find quite encouraging particularly the corporate tax reduction that is being muted in the simplification of the tax code more generally, which I think will help investor sentiment towards India. So we are pretty comfortable in retaining an overweight on India here.

S:MC

Sector Performance

BSE Auto	5414.82	137.06
BANKEX	8144.32	148.10
Bank Nifty	7261.20	154.50
Capital Goods	12345.87	122.38
Consumer Durables	3037.29	49.45
BSE FMCG	2490.01	13.58
BSE Healthcare	3773.33	10.85
BSE IT	3882.30	60.57
BSE Metals	12095.40	166.38
Oil and Gas	9351.17	91.57
BSE PSU	8153.31	105.09
BSE TECk	2852.55	29.73
BSE Small Cap	6360.27	51.88
BSE Mid-Cap	5477.39	43.33
CNX Midcap	5763.75	44.05

Since Ranged Markets; Buy Stocks/Sectors : Experts

Nitin Raheja, CIO, Rada Advisors, says, barring yesterday, the Nifty has been showing remarkable strength. "It has been gradually inching up. Each correction has been pretty weak and unconvincing. It has been actually creating higher bottoms. We would probably break on the upside. In August, the whole trend has been mixed. That’s the reason you are seeing market going nowhere, trading in a zone between 4,400 and 4,700."

Sajiv Dhawan of JV Capital Services says

The markets are constantly giving investors a buying opportunity around 4,300-4,400. "However, it is not so easy to trade, because the natural temptation is for a lot of trend followers to start short selling as the markets fall. Investors are looking to buy on dips, they are sitting on funds. On the upside, you are seeing cap around 4,700. This is the level where aggressive short positions have been built up or some heavy profit taking comes up. We seem to be stuck in a few hundred-point range. Unless you see an increased surge in liquidity and a constant flow of positive news again from somewhere, the markets are likely to remain very volatile over the next few weeks."

Rohit Srivastava of Sharekhan says

We are in a cyclical market. "It is similar to the ‘90s, when we had five positive months, then six negative months. We had a good four-five months and probably the next four-five months would not be as good. We could either consolidate or could head down all the way to October-November. Apart from short-term rallies, the market would either stop making new highs or actually start making newer lower bottoms." He thinks there is still downside in the short-term for the Nifty, before it can actually think of trying to re-test 4,700.

Vijay Bhambwani of bsplindia.com says

The medium-term strength was never a doubt, it was just the short-term outlook which is a little cloudy here. "I would want the Nifty to stay above the 4630-4650 band, before I go out and start taking momentum longs. Till then, I might just take intraday punts on the long side. I would not like to carry my long positions home as yet."




Sector/Stock picks:

On metals:

Raheja advises investors to buy steel companies on corrections. "The steel sector is doing extremely well at this point of time. Q3-Q4 onwards, the kind of volume numbers that steel companies are talking about will also be supplemented by the low base impact of last Q3 and Q4 which really saw steel coming off."

Bhambwani is positive on industrial metals. "Steel has about 25-30% to go in the coming two quarters. I would give similar moves to these stock prices if not more, may be even 35-40% up to 50% in a year."

However, Srivastava advises investors to stay away from metals as the sector is affected by currency trends. "One of the key factors that everyone is looking at is the currency trend. There are so many people who have been bearish on the dollar that it has actually turned last week. Technically, it is looking bullish, which means the dollar will start rising from here. That is going to impact everything from commodities to equities. Assets classes around the world are on their way down. "

On midcap IT:

Dhawan says some of these stocks have gone way beyond our targets, but the momentum seems to be there. "There doesn’t seem to be any let up. On any fall, these stocks can be aggressively bought into. While valuations relative to some big companies might appear reasonable, especially in an overvalued market, the reality is that again momentum seekers and speculators are latching on to stocks where they feel that, at least on a relative basis, there is some value. The momentum is certainly there and until that breaks with a sharp correction of 10-20%, all declines in this sector at the moment will be bought into. One can play along with the momentum as long as it lasts." He advises investors to accumulate Rolta and Tata Elxis.

Bhambwani sees the upside potential of Rs 45 in Firstsource. Rolta, he says, can go up to about Rs 185 if it closes above Rs 68-69 levels for at least 2-3 trading sessions on a trot.

On the infrastructure space:

Dhawan advises investors to accumulate stocks like L&T, Siemens, Punj Lloyd from the infrastructure space. "A lot of the stocks are not cheap considering the market as a whole. Stocks like Punj Lloyd have become highly speculative. They have raised funds and are looking to restructure, so investors are probably looking to buy on dips. Stocks like BHEL and Larsen & Toubro have good order books and are seeing more interest from institutions rather than the average small investors. It is a sector as a whole, where a lot of interest is there, a lot of fund activity is there, lot of new launches of funds which are looking to specialize in that. Interest will definitely remain. On a valuation front and in an expensive market, you really need that liquidity, optimism, and positive sentiment to continue to make sure that these stocks in the sector can continue to maintain the premiums they are currently quoting in the markets."

s: MC

Positive On Midcap IT; Market To Breakout Post September: AnandRathi

AnandRathi said it was positive on the IT sector where several stocks looked interesting. Margins of IT companies were likely to improve significantly, it said. AnandRathi added that the general mood among investors was positive and that markets were trying to digest news flow on the monsoon. The firm is of the view that there may be a meaningful breakout post September-October. Institutional appetite, it said, would improve if the market consolidated.

What you have seen in the market is a pretty strong run-up in the largecaps, and there is a bit of a pause coming now to digest some negative news which is coming from monsoons and swine flu. So there is definitely a scope to look lower down the list and look for these ideas in different sectors and IT is the one of the sectors that we are positive about and one of the reasons for having this conference is to look at ideas as what Allied just mentioned. A lot of these companies have unique stories and looking deeper into them now one can discover some gems for good investments, so that is the purpose of this conference and we have put together a set of companies where we think such stories are quite interesting and worth looking at.

The general mood is positive. We have had a strong run, so there is definitely some profit-taking which is visible in the last couple of weeks. However, the general mood is positive, what you are also seeing is that the market is trying to digest some of these newsflow that we have had on monsoons as well as flu-related issues. So you are seeing some downgrades happening on the macro forecast, and to that extent after the June quarter results, we had a good round of upgrades and overall earnings that has come to a bit of a pause and the next round of a broad-based move on the market will await the next round of earnings upgrades. So I think once we are down the road in September-October, by which time the monsoons would be fully digested and the global recovery and the impact of that on the earnings upgrades starts to see through more and that is when you will see a more meaningful breakout coming through in the markets.

Post Earnings, Buy Banks, Oil, Tech

The Q1 earnings season for FY10 has finally drawn to a close and most companies have beat the street's expectations. Now, it is time to look ahead. CNBC-TV18's weekly broker poll finds that opinion is divided on the movement of the markets in the coming week. While 40% believe that the Nifty will close above 4700 this series, a close 33% don't think so while an almost equal 27% can't say.

But one thing is clear; brokers recommend a buy on banks, oil and tech stocks and a sell on metals, realty and auto post earnings.

Below are the details of the broker poll:

Can the Nifty close above 4700 this series?

Yes 40%
No 33%
Can't Say 27%

Will the broader market continue to outperform?

Yes 60%
No 40%

Sectors to buy post earnings

Banks
Oil
Technology

Sectors to sell post earnings

Metals
Realty
Auto

source: MC

Sector Performance

BSE Auto	4670.66	51.85
BANKEX	8314.61	343.75
Bank Nifty	7398.45	275.45
Capital Goods	13103.61	524.55
Consumer Durables	2881.48	88.66
BSE FMCG	2283.90	38.60
BSE Healthcare	3637.68	54.99
BSE IT	3375.32	118.51
BSE Metals	10931.41	286.37
Oil and Gas	9388.33	268.22
BSE PSU	7922.91	143.36
BSE TECk	2677.82	73.96
BSE Small Cap	5800.75	107.73
BSE Mid-Cap	5170.90	121.00
CNX Midcap	5511.15	117.65

Sector Performance

BSE Auto	4618.81	102.91
BANKEX	7970.86	29.99
Bank Nifty	7123.00	15.10
Capital Goods	12579.06	11.38
Consumer Durables	2792.82	40.46
BSE FMCG	2245.30	22.55
BSE Healthcare	3692.67	24.97
BSE IT	3256.81	12.01
BSE Metals	10645.04	87.81
Oil and Gas	9120.11	195.57
BSE PSU	7779.55	135.47
BSE TECk	2603.86	9.54
BSE Small Cap	5693.02	26.01
BSE Mid-Cap	5049.90	9.94
CNX Midcap	5393.50	28.20

Sector Performance(24.06.09)

BSE Auto	4721.72	76.40
BANKEX	7940.87	9.45
Bank Nifty	7107.90	16.60
Capital Goods	12567.68	309.27
Consumer Durables	2833.28	44.77
BSE FMCG	2267.85	25.95
BSE Healthcare	3717.64	86.84
BSE IT	3268.82	45.68
BSE Metals	10732.85	120.83
Oil and Gas	9315.68	2.75
BSE PSU	7915.02	40.85
BSE TECk	2613.40	42.05
BSE Small Cap	5719.03	126.63
BSE Mid-Cap	5059.84	117.50
CNX Midcap	5421.70	120.35

Sector Performance

BSE Auto	4645.32	25.91
BANKEX	7950.32	173.82
Bank Nifty	7091.30	138.25
Capital Goods	12258.41	45.44
Consumer Durables	2788.51	40.75
BSE FMCG	2241.90	30.61
BSE Healthcare	3630.80	8.20
BSE IT	3223.14	21.85
BSE Metals	10612.02	164.13
Oil and Gas	9312.93	238.19
BSE PSU	7874.17	162.95
BSE TECk	2571.35	13.09
BSE Small Cap	5592.40	7.17
BSE Mid-Cap	4942.34	11.83
CNX Midcap	5301.35	17.80

Sector Performance On 22.06.09

BSE Auto	4671.23	52.58
BANKEX	8124.14	13.10
Bank Nifty	7229.55	6.00
Capital Goods	12303.85	43.91
Consumer Durables	2829.26	44.95
BSE FMCG	2272.51	11.12
BSE Healthcare	3639.00	24.40
BSE IT	3244.99	31.84
BSE Metals	10776.15	262.84
Oil and Gas	9074.74	312.45
BSE PSU	7711.22	135.54
BSE TECk	2584.44	37.32
BSE Small Cap	5599.57	18.39
BSE Mid-Cap	4930.51	28.22
CNX Midcap	5283.55	24.65