Mkts close at 9-month high on +ve global cues
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.
4:40PM
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.
2:47
PM
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.
12:00
PM
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.
10:14
AM
OneIndia News