Share Market Tips

GlaxoSmithKline Consumer Healthcare (GSK Consumer Healthcare), known for its malted food drinks brand Horlicks, hit an upper circuit limit of 20% to Rs 3,651.80, which is also a record high for the counter. The stock topped the gainers in the BSE's 'A' group.

The stock surged as the company's foreign parent GlaxoSmithKline Plc plans to raise its stake in the Indian firm to 75% from 43.16% through an open offer. The announcement was made before trading hours today, 26 November 2012.

GlaxoSmithKline Plc along with its units will buy up to 1.33 crore shares, or 31.84% in GlaxoSmithKline Consumer Healthcare (GSK Consumer Healthcare), at Rs 3,900 per share, said HSBC Securities, the manager to the offer, in a statement. At present GlaxoSmithKline Group holds 1.81 crore shares, or 43.16% of the voting share capital of GSK Consumer Healthcare (as on 30 September 2012).

AstraZeneca Pharma India spurted 12.18% to Rs 1,519.85. The stock was second biggest gainer in 'A' group.

Air carrier Jet Airways (India) jumped 10.81% to Rs 560.40 on reports the company is close to selling a 24% stake to Middle-Eastern carrier Eithad Airways in a potential $400 million deal. The stock was third biggest gainer in 'A' group. The stock hit a 52-week high of Rs 598.80 in intraday today, 26 November 2012.

Pharmaceutical company Strides Arcolab rose 8.82% to Rs 1,062.15. The stock was fourth biggest gainer in 'A' group. The stock hit a record high of Rs 1,109 in intraday today, 26 November 2012.

Commercial vehicles maker Eicher Motors rose 7.54% to Rs 2,610. The stock was fifth biggest gainer in 'A' group.

Share Market Tips

The MCX Silver futures broke above Rs 61000 per kg levels today as a good amount of fresh buying helped the metal amid mostly positive movement in global risky assets. The US dollar slipped as US Congressional leaders met with President Barack Obama on Friday and said they would work to find common ground on taxes and spending. This boosted hopes that the world's largest economy would be successfully able to combat with the looming "fiscal cliff". Gains in other industrial commodities like Copper and Crude oil also boosted the metal. COMEX Silver futures are trading at $32.60, up 2.3 cents or 0.73% on the day.

Silver futures extended a downward run from its highs near $35 per ounce achieved in the first week of October 2012. LME Copper tested its two-month lows and kept Silver in tight ranges. Silver is linked directly to industrial activity and safe haven demand and a drop in copper is normally supposed to have a negative influence on the white metal. The commodity tested its two-month lows near $30 per ounce and closed at $32.37, up nearly 5% on the fortnight. The prices have been locked in a broad range of $30-35 per ounce over last few days and a break on the either side is needed for further direction.

Precious metals consultancy GFMS estimates that industrial demand for silver fell 6% in 2012, driven by weak economic growth in developed countries. Manufacturers continued to find ways to substitute cheaper raw materials in place of silver. Meanwhile, consumers have cut purchases of silverware and shifted away from costly precious metals in their jewelry purchases. The trend was partially offset by rising sales in emerging markets, particularly China, GFMS said. While the industrial demand dropped, silver mine supply rose for the 10th consecutive year in 2012, and is expected to total 797.0 million ounces, up 4.3% from 763.8 million ounces in 2011, according to the consultancy.

The white metal had neared $32.30 per ounce levels earlier in the session but edged up quite impressively thereafter, adding one full dollar during the day. The Asian equities added good gains following a near 1.5% surge in Japanese stocks while the European stocks are also up by nearly 1%. MCX Silver futures are trading at Rs 61038, up Rs 168 or 0.26% on the day. The open interest in the counter is up nearly 4% - indicating fresh buying.

Live Commentary: Sensex down 80pts

12.35: Tata Motors, the lead gainer up around  4.5 per cent at Rs 281 among Sensex-30 stocks.


12.30: Among Asian markets, the Shanghai, Hang Seng and Nikkei have shed over 1.5 per cent each at 2,076, 21,768 and 8,837, respectively.

12.25: BHEL, Dr.Reddy's, ITC Hindalco and Tata Steel are the other losers among Sensex-30 stocks.

12.21: Gail India has shed over 2 per cent at Rs 357, Petronet LNG has dropped over 1.5 per cent at Rs 168. Cairn India, Reliance and ONGC are the other losers among Oil & Gas stocks.

12.15: PSU OMCs edge higher as crude hits 4-month low.

12.10: Among sectors, the Oil & Gas, IT and Bankex indices have declined over 0.5 per cent each at 8,281, 5,7780 and 13,317, respectively.

12.05: The market breadth is negative, out of 2,518 stocks traded on BSE 1,240 have declined and 1,146 have advanced.

12.00: The Bank Nifty is down 62 pints at 11.603.

11.55: Gail India and Tata Power have shed over 2 per cent each at Rs 358 and Rs 102. Larsen & Toubro, ICICI Bank and Infosys are the other notable losers amond Sensex-30 stocks.

11.50: Tata Motors has zoomed over 5.2 per cent at Rs 283, Bharti Airtel and Sun Pharma have rallied over 1.5 per cent each at Rs 276 ands Rs 713, respectively. Cipla has gained over a per cent at Rs 400 among Sensex-30 stocks.

11.45: Buy Dish TV @ Rs 75.85, Target @ Rs 78, Stop Loss @ Rs 75 - Prakash Gaba to ET Now.

11.40: Emami scales record high after good Q2 earnings.

11.35: Buy Zee Entertainment @ Rs 198.40, Targer @ Rs 212, STop Loss @ Rs 194 - Sandeep Wagle to ET Now.

11.30: The broader markets BSE Smallcap index is marginally up at 7,144 and BSE Midcap index is marginally down at 6,716.

11.25: Among Asian markets, the Hang Seng and Nikkei have shed over 1.5 per cent each at 21,768 and 8,837, respectively. The Shanghai has dropped over a per cent at 2,083.

11.20: Buy HPCL November futures @ Rs 307.50, Target @ Rs 322, Stop Loss @ Rs 300 - Aswani Gujral to ET Now.

11.15: Buy Emami @ Rs 614, Target @ Rs 640, STop Loss @ Rs 585 - Aswani Gujral to ET Now.

11.10: Infosys, ICICI Bank, Larsen & Toubro, Reliance, HDFC and ITC are the major draggers, accounting for a loss of 79 points on the Sensex.

11.00: The market breadth is negative since morning session, out of 2,286 stocks traded on BSE 1,154 have declined and 1,021 have advanced.

11.00: Tata Motors inches up after Q2 results.

10.55: The Bank Nifty is down 66 points at 11,599.

10.50: The Capital Goods, IT and Power indices have shed over a per cent each at 11,014, 5,762 and 1,982, respectively among Sectoral indices.

10.45: Tata Motors tops the volume chart with a turnover of Rs 47.96 crore on the Sensex.

10.40: SBI, TCS, Hero MotoCorp, ITC, Reliance, NTPC, HDFC, Sterlite and Wipro have declined over 0.5 per cent each among Sensex-30 stocks.

10.35: Hexaware Tech has shed over 1.5 per cent at Rs 113, Infosys has dropped over a per cent at Rs 2,366. HCL Tech, TCS and Tech Madindra are the other losers among IT stocks.

10.30: The market breadth is negative, out of 2,004 stocks traded on BSE 998 have declined and 919 have advanced.

10.25: The broader markets BSE Mid-cap and BSE Small-cap indices are marginally dwon each at 6,708 and 7,137, respectively.

10.20: Tata Motors has soared around 4 per cent at Rs 279, Sun Pharma has rallied around 1.5 per cent at Rs 711, among Sensex-30 stocks.

10.15: Stocks with high open interest

10.10: Buy United spirits @ Rs 1,316.90, Target @ Rs 1,420, Stop Loss @ Rs 1,274 - Mitesh Thacker to ET Now.

10.05: Tata Power has tumbled over 2 per cent at Rs 101. Siemens, Lanco  Infra, GMR Infra have shed over 1.5 per cent each at Rs 693, Rs 12 and Rs 21, respectively, among Power stocks.

10.00: The market breadth is negative in early morning session, out of 1,776 stocks traded on BSE 951 have declined and 746 have advanced.

09.55: The Auto index has gained over 0.5 per cent at 10,702. The Health Care index is up over 0.2 per cent at 7,876, among sectoral indices.

09.50: The Bank Nifty is down 98 points at 11,567.

09.45: Buy Colgate @ Rs 1,300.30, Target @ Rs 1,375, Stop Loss @ Rs 1,279- Mitesh Thacker to ET Now.

09.40: HDIL, Suzlon Energy in F&O ban period.

09.35: Among sectoral indices, the Power and IT indices have shed around a per cent each at 1,983 and 5,772, respectively. The Teck, Bankex and Realty indices are the other losers.

09.30: Tata Motors has jumped over 2 per cent at Rs 275, Sun Pharma has rallied over a per cent at Rs 709, Hindustan Unilever and Dr.Reddy's are the other gainers among Sensex-30 stocks.

09.25: The broader markets have also open in negative zone. The BSE Mid-cap index has declined over 0.5 per cent to 6,681 and BSE Small-cap index is down over 0.4 per cent at 7,150.

09.20:  Wipro has tumbled over 2 per cent at Rs 359, Tata Power has shed over 1.8 per cent at Rs 102. ICICI Bank, SBI, Sterlite, Infosys and Hindalco have dropped over a per cent each among Sensex-30 stocks.

09.15: The markets have opened in negative zone. The Sensex is down 144 points at 18,757. The Nifty is down 51 points at 5,709.

09.10: The Pre-opening session, the Sensex is down 122 points at 18,779. The Nifty is down 51 points at 5,709.

09.01: The Rupee opens weaker by 0.5 per cent against dollar at 54.

08.55: Asian markets start in a negative zone.

08.50: Aditya Birla Nuvo, Ashok Leyland, Asian Hotels and Bhartatiya Global to announce quarterly results.

08.45: US markets slumps 2%.

08.40: The SGX Nifty is down 50 points at 5,750.