Mumbai, Apr 15: The Sensex closed above 11,000 mark while the Nifty was close to 3500 mark. Nifty crossed 200 DMA (Daily Moving Average) of 3,437 due to the Huge buying in rate sensitives, infrastructure, pharma, cement, metal and select oil & gas stocks. Broader indices outperformed the benchmark indices
The 30-share BSE Sensex has touched today's high of 11,337.75.
The day also saw huge trading interest in midcap and smallcap stocks. BSE Midcap Index went up 136.97 points or 3.95%, to end at 3,601.89 and Small cap Index concluded at 4,123.45, up 5.32% or 208.29 points
Today, the markets crossed a turnover of Rs 1 lakh crore mark. The day's market turnover was highest for non-expiry day since January 2008.
Reliance Industries, BHEL, SBI, NTPC, Bharti Airtel, DLF, L&T, ICICI Bank, HDFC, Reliance Communication, SBI and Tata Motors were leaders in today's trade.
Mkts in Volatility, BSE Mid cap index up 3pc
At 12:04 PM the Sensex was trading at 10,987, up 20 points and the Nifty was up 11 points, to 3,394, and the markets were experiencing volatility. Broader indices - the BSE Midcap Index was up 3% and the Small cap Index gained 4%.
Stocks like HDFC Bank, Sterlite, NTPC and HDFC saw selling pressure. Capital goods, telecom, cement, realty, auto, FMCG, select metal stocks a;ong with the stocks like Reliance Industries and SBI saw buying interest.
Tata Motors went up 12.41%, Ranbaxy Labs, M&M, ACC, BHEL and Ambuja Cements were up 4-7%.However, Infosys, Sterlite, TCS, HDFC Bank and Wipro lost 3-5%.
Lanco Infratech, Nirma, Deccan Chronicle, Rolta and IVRCL Infrastructure were the ones that gained 11-20 per cent in the mid cap arena. In the small caps, CMC surged 39.65%. Consolidated Construction, Dredging Corp, Kalindee Rail and STC India went up 20% each.
Reliance Industries, Rolta, ICICI Bank, SAIL, SBI, Infosys and Reliance Capital were most active shares in the market.
BSE Realty, Auto and Capital Goods indices gained 3-3.8 per cent. Healthcare, Power, Metal and FMCG indices went up 1-2%.
Mkts recover, Infosys falls 4 per cent
At 11:01 AM Sensex was trading at 11,003, down 36 points and the Nifty was trading at 3,398, down 15 points. The benchmark indices have recovered from the low it saw in the morning and have started trading positive.
Markets were backed by the buying in capital goods, cement, realty, telecom, auto, FMCG, power, select metal stocks and in stocks like SBI and Reliance Industries were supporting the markets.
The shares of technology companies as well as HDFC Bank, HDFC, Sterlite were under pressure.
Broader indices continue to putperform. BSE Midcap and Small cap indices rose up by 2.6-3per cent.
In the midcap stocks, Lanco Infratech jumped 21.69%. Nirma, Rolta, IVRCL Infrastructure and Jai Corp were up 10-16%. And in the small caps area CMC shot up 37.54%, after Q4 numbers. Aegis Logistics, Swaraj Mazda, Consolidated Construction and Kewal Kiran gained 15-20%.
Capital Goods, Realty, Auto, Power, Healthcare and FMCG sectors saw the indices gain 1-1.9 per cent. However, the BSE IT Index was down 3.8 per cent.
After the disappointing guidance for FY10 and Q1, Infosys saw a fall of 4 per cent.
The market breadth is strong.
Asian Markets continue trading weak.
Mrkts open low due to Infy Q4 and global cues
At 9:56 am, the Sensex was trading at 10,738, down 228 points and the Nifty was trading at 3,316, down 66 points.
The markets opened lower due to weak global cues and Infosys' forth quarter numbers.
Socks of metal, technology, financial and realty saw pressure.
Among the frontliners ITC, HUL and Sun Pharma gained. And the losers were frontliners, Axis Bank, Tata Steel, DLF, Reliance Capital, Infosys, Tata Motors, ICICI Bank, TCS, Wipro, Sterlite, HCL Tech, HDFC, Reliance Industries, ONGC, SAIL and NALCO
Infosys dipped 7per cent, Q4 FY09 net profit dipped 1.7% at Rs 1,613 crore as opposed to Rs 1,641 crore on quarter-on-quarter (QoQ) basis . Its revenues declined by 2.61% at Rs 5,635 crore as against Rs 5,786 crore QoQ. It also saw a 16% drop in Q1 EPS on QoQ basis at Rs 23.55 a share. The company is seeing an Earning Per Share (EPS) for full year FY10 at Rs 96.65-101.18 a share versus Rs 104.43 in FY09. Its FY10 EPS for ADS is seen down by 11-15%. BSE IT Index fell 6%.
In the Midcap and Small cap arena, Rolta, GMR Infrastructure, Petronet LNG, GSPL, Bajaj Hind, Balrampur Chini, Shree Renuka Sugars, Mcleod Russel and ITI were up 2-7%; while Tech Mahindra and Satyam lost ground.
Asian markets are trading weak.