Mumbai, May 19: Continuing the positive rally, the Sensex closed 17.82 points or 0.12% higher at 14,302.03. But Nifty fell even if just 4.70 points or 0.11 per cent to shut shop at 4,318.45. Following the historic market event on Monday, May 18, the indices went on a roller coaster ride. The markets also recorded the highest ever turnover of Rs 1.57 lakh crore.
The sectoral front saw a mixed trend with rate sensitives, infrastructure and metal stocks along with ONGC witnessed huge buying interest while technology, pharma, FMCG stocks along with Reliance Industries and Bharti Airtel remained under pressure.
With good flows from the FIIs the largecap stocks saw huge trading. Indicating a probable boost in the investment on the infrastructure; infrastructure and rate sensitives witnessed heavy buying interests.
While the domestic funds were booking profits at the current level, the broader indices got attention from the buyers and dealers.
Mkts continue rally, turnover above 1 lakh cr mark
At 1:15 PM the Sensex was trading at 14,928, up 644 points and the Nifty rose 178 points, to 4,501. The markets seemed to gain strength. The BSE Midcap index went up 5.5 per cent and Smallcap Index rose 4 per cent.
Buying in rate sensitives, infrastructure and metal stocks supported the markets' rally. The total turnover has already crossed the Rs 1 lakh crore mark.
The Indian rupee was trading at 47.48 a dollar which is the highest it has been in five months.
In the sectoral indices, BSE Realty Index surged 15.5 per cent, as HDIL, Mahindra Life, Ansal Properties, Orbit Corporation, Sobha Developer, Parsvnath and Phoenix Mills were up 9.6 to 20per cent. Unitech and DLF gained 9.5 per cent each. The BSE Capital Goods Index was up over 13 per cent, as L&T rose 14.53 per cent. ABB was up 9.94 per cent. Siemens and BHEL went up 6.70 per cent and 3.16 per cent respectively.
In the other indices, BSE Metal, Power and Auto indices gained 7 to 8 per cent while IT Index fell 8 per cent and FMCG, Healthcare indices declined 2 to 4 per cent.
Sensex above 14k; broader indices rise 2 pc each
At 11:45 AM the Sensex was trading at 14,526, up 242 points and the Nifty went up 40 points, to 4,364. The Markets were trading higher while both the benchmark indices were volatile.
Banking, capital goods, realty, select auto, power and metal stocks, and ONGC saw heavy buying; while IT, pharma, FMCG stocks, and Reliance Industries and Bharti Airtel were under pressure.
BSE Midcap and Smallcap indices rose 2 to 2.8 per cent.
In the sectoral area, Capital goods increased by 8 per cent while Bank and Reality indices gained 7 per cent each. Auto Index went up by 6.6 per cent, Metal and Power went up 3 per cent. On the other hand IT index slipped by 8 percent, FMGC, and Healthcare fell 2 to 4 per cent.
Mkts open strong but slip to red on profit booking
Following a historic day, the markets opened strong but immediately slipped. At 10 AM, the Sensex was trading at 13,853, down 430 points and the Nifty fell 151 points, to 4,172.
Indices shrugged off positive global cues and retreated to red on back of profit booking.
The loosers among the frontliners were TCS, Infosys, Suzlon, Reliance Infrastructure, ITC, M&M and Ambuja Cements; while L&T, Nalco, BHEL, Reliance Capital, DLF, PNB, DLF and Maruti were trading higher.
GMR Infrastructure, Punj Lloyd, HCC, Lanco Infratech, DCB, Yes Bank, IOB, Gujarat NRE Coke and RNRL slipped by 8 to 10 per cent. IVRCL Infrastructure, HDIL and Indiabulls Real Estate seemed to gain.
The markets that hit the upper circuit twice yesterday and surged abover 20 per cent forced the markets to shut shop by 12 PM. The country awaits now to see how the market will fair on the following day, while experts like Vallabh Bhanshali, Chairman, Enam Securities say, “The markets will open for regular business. I think there will be a lot of sell orders. I would be surprised if there are not."
10: 23 AM