Mumbai, Jul 14: The benchmark indices showed spectacular performance after seeing a downfall over 10 pc in last few sessions. This recovery was led by high beta stocks, which plunged the most post the budget.
All sectoral indices ended in the green. Huge buying in metal, realty, infrastructure, banking and oil & gas nudged the Nifty to claw back successfully above the 4100 mark and the Sensex above 13900 level.
Only HDFC Bank closed in the red among Nifty 50 stocks and Sensex 30 stocks. The broader indices outperformed the benchmark indices; the BSE Midcap and Smallcap indices gained 4-4.5 pc.
The 30-share BSE Sensex surged 453.38 points or 3.38 pc, to settle at 13,853.70 and the 50-share NSE Nifty shut shop at 4111.40, up 3.46 pc or 137.35 points, after seeing a day's high of 4128.90. The Nifty July futures also turned into premium in the second half of the trade and ended with 23.3 points premium.
Mkts trading higher; Infy, RIL gain
At 01:09 pm, the markets continued to trade higher as buying interest was seen across all the sectors. All the BSE sectoral indices were trading positive. The BSE realty index outperformed the other sectoral indices; it was up over 5 pc.
Strong buying was also seen in metal, power, capital goods, banks, auto, pharma and oil & gas stocks. Stocks like Reliance Industries, Infosys, ICICI Bank, L&T and HDFC were the positive contributors to the Sensex.
The Sensex was up 290.63 points or 2.17 pc at 13690.95, and the Nifty was up 97.45 points or 2.45 pc at 4071.50. About 1835 shares advanced, 842 shares declined, and 481 shares were unchanged.
Top gainers on the Sensex were Reliance Infra at Rs 1,038.10 up 7.39 pc, DLF at Rs 286.25 up 6.29 pc, ICICI Bank at Rs 663.50 up 5.02 pc, Tata Steel at Rs 355.30 up 4.84 pc and BHEL at Rs 2,053.20 up 4.66 pc.
Mkts continue +ve; metal, realty surge
At 10:56 am, the benchmark indices extended the rally as buying was seen across the sectors; especially in banking, metal, realty and infrastructure. The broader indices were also following the same trend. On the global front, Asian markets gained 1-2.4 pc
The Nifty was up 90 points, to 4,064 and the Sensex rose 294 points, to 13,697. The broader indices surged 3 pc each. The market breadth was positive; about 1667 shares advanced while 941 shares declined on the BSE. Nearly 550 shares were unchanged.
All the sectoral indices were in the green; the BSE Realty Index shot up over 5 pc. Metal, Capital Goods, Bank and Power indices went up 3.5-4 pc. Auto, Oil & Gas, Healthcare and TECk indices gained 1-1.7 pc.
Positive contributors were Reliance Industries was at Rs 1,785.10, up 2.13 pc; ICICI Bank was at Rs 666, up 5.41 pc; L&T was at Rs 1,371.80, up 3.12 pc; HDFC was at Rs 2,270, up 2.84 pc; BHEL was at Rs 2,053.30, up 4.77 pc; SAIL was at Rs 148.95, up 5.34 pc and DLF was at Rs 285.30, up 5.82 pc.
Mkts open positive; Sensex up by 264 pts
The markets opened with a gap up on the back of positive global cues. Banking stocks (especially private banking) surged post the upgradation of Goldman Sachs. Metals stocks also moved up after Posco said 2009 output may be 6.4 pc higher than forecast.
At 9:56 am, the Sensex was up 264 points, to 13,664 and the Nifty rose 83 points, to 4,057. The CNX Midcap surged 2 pc, to 5,106 and the BSE Smallcap Index gained 2.2 pc at 7,137. About 502 shares advanced while 36 shares declined on the NSE.
Among the frontliners, Unitech, ICICI Bank, Reliance Capital, Suzlon Energy, DLF, SAIL, Reliance Communication, Tata Steel, Sterlite Industries, Hindalco, Jindal Steel & Power and BHEL were the biggest contributors. However, ITC and Infosys were marginally weak.
In Midcap space SREI Infrastructure, IVRCL Infrastructure, NIIT, Firstsource, Everonn Systems, Aban Offshore, WWIL, Bajaj Hindusthan, Balrampur Chini and Shree Renuka Sugars were up 2-6 pc. Motilal Oswal gained 2-4 pc as the company posted good performance in its quarterly numbers on QoQ basis. However, Gammon India was down 5 pc. Kalindee Rail lost 5 pc.