Low volumes to mark the last day, expect Window Dressing :: HDFC Sec

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The markets are likely to open on a weak note on the back of weak global cues. Although this will not impact the broader markets much as the managers will try to hoist the prices of the stocks they own in order to improve the year end NAVs.

Hence if you see a small cap or mid cap spurt more than 10% amid thin volumes, it is not a start of a new up-move. This rise may be ephemeral.

2014: The Year That Was

NIFTY TOP GAINERS

SR.NO	Name	DEC 2013 CLOSE	CMP	%Chg
	AXISBANK	259.91	498.80	91.91
2	MARUTI	1763.90	3347.25	89.76
3	INDUSINDBK	420.70	792.10	88.28
4	BPCL	347.90	648.45	86.39
5	SBIN	176.65	309.75	75.35
6	PNB	125.29	218.55	74.44
7	KOTAKBANK	728.25	1246.65	71.18
8	BANKBARODA	645.55	1082.35	67.66
9	ICICIBANK	219.75	350.25	59.39
10	LUPIN	908.15	1427.80	57.22

NIFTY TOP LOSERS

SR.NO	Name	DEC 2013 CLOSE	CMP	%Chg
1	JINDALSTEL	261.00	151.65	-41.90
2	CAIRN	323.75	234.95	-27.43
3	DLF	166.70	135.65	-18.63
4	TATAPOWER	88.61	81.45	-8.08
5	TATASTEEL	424.20	396.30	-6.58
6	RELIANCE	895.20	880.15	-1.68
7	WIPRO	559.20	552.55	-1.19
8	NMDC	141.90	145.40	2.47
9	NTPC	137.00	350.25	3.61
10	SSLT	201.95	212.35	5.15

CNX500 GAINERS

SR.NO	Name	DEC 2013 CLOSE	CMP	%Chg
1	GATI	46.50	254.40	447.10
2	NBCC	151.70	810.00	433.95
3	JKLAKSHMI	79.25	404.65	410.60
4	PFS	13.75	65.45	376.00
5	WELSPUNIND	75.00	320.40	327.20
6	SIMPLEXINF	86.35	365.30	323.05
7	NCC	20.35	83.00	307.88
8	SRF	221.65	864.15	289.87
9	SUNDRMFAST	47.65	183.75	285.62
10	JKTYRE	35.06	132.15	276.93

CNX 500 LOSERS

SR.NO	Name	DEC 2013 CLOSE	CMP	%Chg
1	RASOYPR	17.15	1.60	-90.67
2	REIAGROLTD	6.60	1.15	-82.58
3	BHUSANSTL	481.25	87.10	-81.90
4	MANINFRA	100.90	30.50	-69.77
5	ERAINFRA	15.30	4.85	-68.30
6	COREEDUTEC	20.05	8.55	-57.36
7	MONNETISPA	150.05	65.90	-56.08
8	ELDERPHARM	231.40	103.40	-55.32
9	JPASSOCIAT	54.45	24.85	-54.36
10	SHRENUJ	100.45	50.10	-50.12

BENCHMARK INDICES

Sr.No	Index	%Chg
1	Bse Sensex	29.44
2	Bse 500	36.20
3	Bse Midcap	52.99
4	Bse SmallCap	67.47

SECTORAL INDICES

Sr.No	Index	%Chg
1	Bse ConsDura	64.65
2	Bse Banks	64.32
3	Bse Auto	52.40
4	Bse Capital Goods	49.57
5	Bse Healthcare	46.37
6	Bse PSU	38.57
7	Bse Power	21.79
8	Bse FMCG	17.89
9	Bse IT	15.97
10	Bse Oil/Gas	11.22
11	Bse Realty	7.41
12	Bse Metal	7.32

Wall Street Skids on Oil and Greece

U.S. Indices were on the back foot on Tuesday with concerns of Oil and Greece weighing on market sentiment. The Dow Jones Industrial Average slid 55 points or 0.31% to close below the 18,000 mark at 17,983.

The S&P 500 tumbled 0.51% or 11 points to 2,080. The tech heavy Nasdaq Composite suffered the most, falling 30 points or 0.62% to 4,777.

Trading was light on the second-to-last day of 2014, as many investors remained away on year-end breaks. The day was the 12th slowest day of the year, as measured by total composite volume.

Oil and Greece were the focus of 2014's penultimate trading session in what was an otherwise a quiet day. Global oversupply of crude oil and political uncertainty in Greece caused Wall Street headaches.
Energy stocks were a drag on the indices. Halcon Resources tumbled down more than 6%, BP dropped 1.6% and Royal Dutch Shell fell 1.4%. The Energy Select Sector SPDR ETF was down 0.83%. 

Though Crude oil prices stabilised with the West Texas Intermediate crude up 0.35% to $53.80 a barrel, it was the long term projections that caused jitters. U.S. oil production remained at multi-decade highs and could undercut the prices in the near term. 

European markets moved lower, continuing to be pressured by Greece's failed parliamentary election a day earlier. Greece will now head to a general election to vote for a president in January. International investors are nervous that the left-wing Syriza party could win, putting the country's austerity plans in jeopardy. France's CAC 40, Germany's DAX and London's FTSE 100 were each trading lower, while the Athens Stock Exchange was down 0.45%.

Consumer confidence data came in at 92.6. Though this was higher than November?s 88.7, it was lower than the expected 93.

The Case-Shiller home-price index indicated that prices declined for a second straight month. But after seasonal adjustments, prices among 20 cities rose 0.8% in October ? the strongest result in seven months ? compared with a 0.2% increase in September. 

Amongst stocks, Neuroderm shares rocketed to a one-year high, up 194.2%, after announcing encouraging results in trials of its Parkinson's disease treatment. Trading volume was nearly 300 times its daily average.

Commercial REIT American Realty Capital Properties jumped more than 7% as activist investor Keith Meister's Corvex Management disclosed a 7.1% stake in the company. The investment firm said the company is currently undergoing a "time of transition" that presents a unique opportunity.

Precious metals miners rallied as the price of gold recovered from Monday's losses, climbing above $1,200 per ounce on a weaker U.S. dollar and falling international markets. The SPDR Gold Trust ETF jumped 1.4%.

The Dollar softened against most major currencies. The euro, however, reported a marginal change as against the dollar. It was trading around a more-than-two-year low following the renewed worries about Greece.

U.S. markets will be open for a full day on Wednesday.

Govt to halt excise tax break for auto makers

India will not extend tax breaks to auto makers and consumer durables firms beyond 31 December, a senior government official with direct knowledge of the matter said yesterday. A tax break was first granted to auto makers in February to help revive sluggish car sales and was later extended in June until the end of this year. 

Wockhardt, Cadila, Hospira recall drugs in the US

Drug firms Wockhardt, Cadila Healthcare Ltd and Hospira Inc. are voluntarily recalling certain lots of drugs in the US, according to the US Food and Drug Administration (USFDA). As per the information available on the USFDA website, Wockhardt USA Inc, the US-based arm of the company, is recalling 11,18,400 Metoprolol Succinate extended-release tablets, a hypertension drug, for `failed dissolution specifications?. The tablets have been manufactured by Mumbai-based Wockhardt Ltd and distributed by Wockhardt USA LLC

Lupin gets USFDA nod for HIV drug 

Lupin has received tentative approval from the US health regulator to market a generic version of Prezista tablets, used in treating HIV infection. 

The company has received tentative approval from the United States Food and Drugs Administration (FDA) to market its Darunavir Ethanolate tablets in multiple strengths in the American market, Lupin said in a statement. 

China HSBC PMI slips to 49.5 level in December from 50 level
 
In a fresh sign of a slowdown in China's economy, the final China HSBC PMI for December indicated manufacturing contracted for the first time in seven months, with both output and new orders declining.

The final reading came in at 49.6, up slightly from the 49.5 preliminary reading of 49.5 from HSBC/Markit, but still lower than November's 50.0. A reading above 50 indicates growth, while a reading below signals a contraction.

Zuari raises open offer size to buy stake in Mangalore Chemicals and Fertilisers

The Zuari Group on Tuesday announced plans to spend Rs 398.2 crore to buy up to 36.56 per cent stake in Mangalore Chemicals and Fertilizers, about 10 per cent more stake than its earlier offer.

Kolkata-based industrialist Saroj Poddar-led Zuari Group has been competing with Pune-based Deepak Fertilisers for taking control of the Mangalore Chemicals and Fertilisers Ltd (MCFL), since July last year.

At present, UB Group has 21.97 per cent stake in MCFL, while Zuari Group and Deepak Fertilisers have 16.47 per cent and 31.25 per cent stakes, respectively, in the MCFL.

Earlier this month, the Zuari group had announced a voluntary open offer to acquire 25.9 per cent stake in MCFL.

Zuari group yesterday revised the open offer size to 4,33,29,000 equity shares representing 36.56 per cent of the share capital.However, Zuari has retained the price of open offer at Rs 91.92 per share. MCFL shares closed at Rs 90 per share