Mumbai: The markets opened with decent gap up today but could not sustain the momentum and slipped in red in early trade on the back of some profit booking witnessed across the sectors led by banking, auto and metal.
During second half of trade, the markets recovered amid volatility and ended with handsome gains. Good amount of short covering were also witnessed in the late trade today. Cues from the Asain and European markets were encouraging.
It was good day for the Oil & gas, IT and pharma stocks which traded firm through the day. Broader markets underperformed the frontline counters once again and on the volume front, it was a modest day.
Sensex ended up 301.50 points or 1.74 per cent at 17650.57, and the Nifty closed up 89.95 points or 1.76 per cent at 5200.70. About 1211 shares have advanced, 1737 shares declined, and 87 shares are unchanged. BSE midcap ended flat at 7594.41 and smallcap was down 0.72 per cent at 9526.28.
BSE auto index ended up 0.29 per cent at 4721.15. TVS Motor, Maruti Suzuki, hero Honda and Escorts were the top gainers in the auto sector. BSE bankex was down 0.37 per cent at 10113.14. Karnataka Bank, Kotak Mahindra Bank and Andhra Bank were the top gainers.
BSE capital goods index ended up 0.92 per cent at 15800.27. Carborundum, Triveni Engineering, Thermax were the top gainers in this space. BSE FMCG index closed up 0.39 per cent at 2239.84. Tata Tea, Colgate, Marico and Godrej Consumer were the top fliers today.
BSE pharma index was up 1.26 per cent at 3792.07. IPCA Labs, Sun Pharma and Wyeth gained most in this counter. BSE IT index was up 1.90 per cent at 3992.54. In the IT sector, the leading gainers were Wipro, HCL Tech, Satyam and Infosys.
BSE metal index ended up 0.98 per cent at 16530.16. Guj NRE Coke, Nalco and Shree Precoated were the top gainers. BSE oil & gas index closed up 3.6 per cent at 11057.38. Reliance GAIL, RNRL and Cairn India were the top gainers.
BSE power index ended up 1.09 per cent at 3611.18. Reliance Energy, NTPC and Siemens were the top gainers. BSE realty index closed up 1.12 per cent at 9769.31. In the realty index, the top gainers were Unitech, Omaxe and Ansal Properties.
Cash Market:
> Relief Rally for the Markets in line with global peers; Clocks highest turnover for the month
> Sensex up 302 pts at 17651; Recovers over 500 pts from day’s lows
> Nifty up 90 pts at 5201; Recovers over 140 pts from day’s lows
> Market Breadth weak with NSE Advance Decline ratio of 2:3
> CNX Midcap Index down 0.1 per cent, BSE Small cap Index down 0.7 per cent
> BSE Oil & Gas Index up 3.6 per cent; Reliance up 4.8 per cent, GAIL up 4.5 per cent, Cairn up 2.7 per cent
> BSE IT Index up 1.9 per cent; HCL Tech up 4.1 per cent, Wipro up 3 per cent, Satyam up 2.9 per cent
> BSE Realty Index up 1.1 per cent; Unitech up 3.3 per cent
> BSE Metals Index up 1 per cent; Nalco up 3.9 per cent, Hindalco up 2.4 per cent, Sterlite Ind up 1.7 per cent
> Reliance Power closes above the issue price for the first time; Stock up 8 per cent, REL up 4 per cent
> Cements stocks see buying interest; ACC up 5.7 per cent, Grasim up 4 per cent, Ambuja Cem up 3.9 per cent
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