Mumbai, Jun 1: The 50-share NSE Nifty closed at 4529.90, up 1.82 per cent or 80.95 points while to 30 share BSE Sensex shut shop at 14,840.63, up 1.47% or 215.38 points. The BSE Midcap Index was up 2.92 per cent or 147.47 points, to close at 5,204.21 and the Smallcap Index surged 3.51 per cent or 209.96 points, to 6,196.78.
Riding on the positive global cues, the benchmarks ended the session at the nine-month high that it opened with. Shares of oil & gas, realty, cement, metal, power and select technology companies helped the indices to remain on the higher side. However, the gains were capped by the sell-off in banks and select telecom stocks.
Suzlon Energy, Unitech, Cairn India, Tata Steel, Sterlite, Tata Steel, ACC, NTPC and Jaiprakash Associates emerged to be the top gainers by surging 6 to 16 per cent.
The markets perfomed strong for the fourth consecutive time. Even the broader indices followed the strong rally and outperformed the benchmark indices; hotel and fertiliser stocks were biggest contributors in trade.
Benchmarks witness buying, broader indices surge
At 1:31 PM, the Sensex was up 196 points, to 14,821 and the Nifty went up 74 points, to 4,522. BSE Midcap Index was up 2.5 per cent and the Smallcap Index gained 3 per cent. The benchmarks were witnessing buying interest due to uptrend in power, oil & gas, metal, realty, cement stocks.
Reliance Communication, ITC, HDFC, Infosys and Wipro continue to gain. While the markets were riding on the back of positive European cues; both indices were witnessing selling pressure at higher levels, due to decline in BHEL, Bharti, ICICI Bank, Axis Bank, TCS, Idea, HDFC Bank and Nalco.
The gainers among the fronliners were Tata Steel, Jaiprakash Associates, NTPC, Reliance Communication, M&M, Suzlon Energy, Unitech, Cairn India and Ambuja Cements were the top gainers, going up by 6 to 12.5 per cent.
The gainers in the midcaps EIH, Hotel Leela, Rei Agro and Indian Hotels were up 13 to 16 per cent. Voltas gained 4 per cent as the company received mining equipment order from Hindustan Zinc worth Rs 210 crore.
Gaining 15.5 to 18 per cent OCL India, EIH Associated Hotel, Sahara One, JK Cement and Taj GVK Hotels surged in the smallcap arena.
In the sectoral front, BSE Realty, Metal, IT, FMCG, Auto, Power and TECk indices gained 2 to 3.9 per cent. Oil & Gas Index was up 0.9 per cent. However, Bankex fell 0.9 per cent. And Healthcare along with Capital Goods indices were marginally up.
Mkts at 9-month-high, Infy, HDFC, Wipro gain
At 11:26 AM, the Sensex was up 84 points, to 14,710 and the Nifty surged by 42 points, to 4,491. Broader indices - the BSE Midcap and Smallcap indices gained 1.7 to 1.8 per cent.
Shrugging off the high selling pressure the markets were trading higher. The markets were riding on the back of buying seen in oil & gas, power, cement, realty, select metal and technology stocks and in stocks like HDFC and Reliance Communication.
Bharti Airtel, ICICI Bank, TCS, Axis Bank, BHEL, HDFC Bank, L&T and Idea were the losers.
The gainers among the frontliners were NTPC, Cairn, Reliance Communication, Infosys, HDFC, Wipro, Sterlite, Power Grid and Tata Steel were up 3-7.5%. ONGC, Reliance Industries, ITC and DLF surging by 0.8 to 1.8 per cent.
Jaiprakash Associates, Unitech, Suzlon Energy, ICICI Bank, Reliance Communication and Bharti Airtel were the most active shares on the market. Jindal Photo, Munjal Showa, AMD Industries, OCL India, Suprajit Engg, SE Investments and Hawkins Cooker were the top percentage gainers, going up 15 to 20 per cent.
Mkts open strong; DLF, HDFC, Tata Steel gain
In the week's first session, the markets have opened higher due to positive global cues. At 9:56 AM, the Sensex was up 265 points, to 14,890 and the Nifty rose 88 points, to 4,537. The CNX Midcap gained 2 per cent at 5,469 and the BSE Smallcap Index went up 2.49 per cent, to 6,135.
Realty, metal, power, banking, capital goods and select oil & gas shares witnessed buying while NSE Nifty saw its 9 month high in the early trade.
The gainers among the frontliners were Reliance Communication, Cairn, Suzlon Energy, DLF, HDFC, Tata Steel, ACC, ICICI Bank, SAIL, Reliance Infrastructure, Axis Bank, BPCL, ONGC and Sun Pharma.
In the Midcap space, the gainers were Bharati Shipyard up by 10 per cent, Great Offshore gaining 4 per cent, Matrix Labs surging 7 per cent, Voltas up by 8 per cent and Lanco Infra that rose 1.6 per cent. The loosers were Ansal Properties, Parsvnath Developers and Indiabulls Real Estate and Arvind which went down 2.5 per cent post numbers.
The Indian markets were expected to open strong as positive Chinese manufacturing data added to signs the world's third-largest economy is stabilising, lifting sentiment across Asia.