Mumbai, Jul 15: It was another day of strong performance from the benchmark indices on the back of positive global cues and huge buying in the high beta stocks. The Nifty closed successfully above the 200 DMA (daily moving average) of 4230 and the Sensex sustained above the 14000 mark in the second half of trade.
The rally was led by infrastructure, metal, rate sensitive and oil & gas stocks; respective indices shot up 2.5-8 pc. All the BSE sectoral indices ended in the green. Only Infosys and Ambuja Cements closed in red among the Nifty 50 and Sensex 30 stocks.
The broader indices outperformed the benchmark indices in today's trade as well. The market breadth was strong; about 2097 shares advanced while 621 shares declined on the BSE. Nearly 441 shares remained unchanged.
The 30-share BSE Sensex closed at 14,253.24, up 399.54 points or 2.88 pc and the 50-share NSE Nifty surged 2.97 pc or 122.10 points, to settle at 4233.50. The Nifty July futures closed in premium. Among the broader indices, the BSE Midcap Index went up 4.15 pc and Smallcap Index rose 4.6 pc.
Mkts continue +ve; Sensex up by 162 pts
At 01:12 pm, the markets were trading higher. The Nifty holds the 4150 mark. Strong buying interest was seen in realty, metal, capital goods and power stocks. However, IT and FMCG stock were trading weak.
Stocks like Reliance Industries, L&T, ITC, Bharti Airtel and HDFC Bank were the positive contributors to the Sensex. The BSE midcap and smallcap indices outperformed. The Sensex was up 162.02 points or 1.17 pc at 14015.72, and the Nifty was up 62.75 points or 1.53 pc at 4174.15.
Top gainers on the Sensex were DLF at Rs 317.70 up 5.86 pc, Jaiprakash Asso at Rs 202.25 up 5.72 pc, Hero Honda at Rs 1,478.10 up 5.45 pc, Hindalco at Rs 77.50 up 5.30 pc and BHEL at Rs 2,143 up 4.69 pc.
However, top losers on the Sensex were Infosys at Rs 1,762.05 down 2.45 pc, HUL at Rs 264.30 down 1.89% and Maruti Suzuki at Rs 1,080 down 0.76 pc. The BSE midcap and smallcap indices were up 2.75 pc and 3.33 pc respectively.
Top gainers on the BSE Midcap - Rel Ind Infra, Bhushan, HMT, Essar Shipping and OnMobile Global were up 9-20 pc. Top gainers on the BSE Smallcap - Infotech Enter, Sonata, Ruchi Soya, Rallis India and JSW Holdings were up 13-20 pc.
Mkts trading higher; Nifty up by 30 pts
At 10:52 am, the benchmark indices were trading higher amid volatility. Buying in telecom, capital goods, power, metal, realty and select banking stocks along with ONGC was helping the markets. However, selling was seen in Infosys, HDFC Bank, HUL, ITC, SAIL, BPCL and Ambuja Cements. Reliance Industries was volatile in trade.
The Nifty was up 30 points, to 4,141 and the Sensex gained 88 points at 13,942. The broader indices continued their upmove with gains of 1.9 pc each. About 1800 shares advanced while 792 shares declined on the BSE. Nearly 567 shares were unchanged. The Nifty July future was trading with 7-10 points discount.
In the midcap space, Reliance Industrial Infrastructure, Indiabulls Real, STC India and GE Shipping were up 6-12.4pc. In the smallcap space, SREI Infra, Panyam Cements, MSP Steel, Alkali Metals and WABCO-TVS gained 7-10% while Kaveri Seed, Garden Silk Mill, Jindal Worldwid, Hinduja Venture and Oscar Investment fell 4-5 pc.
Top gainers - Hindalco was at Rs 76.45, up 3.87 pc; Tata Steel was at Rs 371.35, up 3.67 pc; Jaiprakash Associates was at Rs 196.85, up 2.90 pc; Hero Honda was at Rs 1,441, up 2.80 pc; BHEL was at Rs 2,094, up 2.30 pc; Idea Cellular was at Rs 71.20, up 4.32 pc; Siemens was at Rs 416, up 4.20 pc and Suzlon Energy was at Rs 93.20, up 3.90 pc.
Mkts open positive; Unitech, Wipro,DLF gain
The markets opened higher in line with the global markets post good earnings from Goldman Sachs and Intel in US. Realty, infrastructure, ADAG, metal and select telecom stocks were witnessing buying interest and helped the Nifty to surpass the 4150 level in the early trade.
Gains in commodities also supported the equity. The markets were a bit choppy. At 9:56 am, the Sensex rose 119 points, to 13,973 and the Nifty ganied 37 points at 4,148. The CNX Midcap and the BSE Smallcap Index went up 1 peach to 5,242 and 5,347, respectively.
Among the frontliners, Suzlon Energy, Siemens, Hindalco, SAIL, Tata Steel, Reliance Communication, Idea Cellular, Reliance Infrastructure, L&T, Unitech, Wipro, HCL Tech and DLF were gainers. However, Infosys, Maruti and Sun Pharma were a bit of under pressure.