Mumbai, Aug 11: The Sensex snapped three-day of losing streak and closed on a higher note led by telecom, auto (the most beaten down sector), select power, banking, pharma and metal stocks. However, selling in ONGC, HDFC, NTPC, ICICI Bank, Cipla, Wipro and BPCL capped the gains to some extent.
The equity benchmarks started on a lower note but managed to recover post 10:30 hours IST and traded with positive bias throughout the session barring 10-15 minutes blip around 15 hours IST.
The 30-share BSE Sensex closed at 15,074.59, up 64.82 points or 0.43 pc, after seeing an intraday high of 15,218.65 and low of 14,864.23. The 50-share NSE Nifty touched 4500 mark during the day, before closing 0.76 pc or 33.70 points higher at 4471.35.
The most beaten down sector in last three days, Auto witnessed huge buying interest. Respective Index outperformed other indices and jumped 3 pc. Bharat Forge shot up 7 pc.
Tata Motors was up 6.81 pc, as Jaguar-Land Rover secured funding from private banks. It does not need the government guarantee now. The beleaguered auto major was looking at funding of 300-400 million pounds.
Among others, Ashok Leyland jumped 5.51%. M&M and Maruti Suzuki went up 3-3.55 pc. Bajaj Auto and Amtek Auto were up 2.8 pc and 1.9 pc, respectively.
Mkts positive; Sensex up by 150 pts
At 01.08 pm, the Sensex was trading higher amid volatility. Reliance, Infosys, ICICI Bank, Bharti Airtel and SBI were positive contributors to the indices. All the sectoral indices were trading in green. The BSE auto index outperformed the other sectoral indices; it was up over 3 pc.
Strong buying was also seen in realty, oil & gas, metal, power and pharma stocks. The BSE midcap and smallcap indices were up over 1 pc.
The Sensex was up 150.62 points or 1 pc at 15160.39, and the Nifty was up 50.05 points or 1.13 pc at 4487.70. About 1495 shares advanced, 1222 shares declined, and 459 shares were unchanged.
Top gainers on the Sensex were Tata Motors at Rs 426 up 6.25 pc, M&M at Rs 794.15 up 4.76 pc, Maruti Suzuki at Rs 1,295 up 3.48 pc, Bharti Airtel at Rs 386.85 up 3.39 pc and Reliance at Rs 2,030.25 up 2.21 pc.
Top gainers on the BSE Midcap - Bannariamman, Torrent Power, Peninsula Land, 3M India and Phoenix Mills were up 6-7 pc. Top gainers on the BSE Smallcap - Elantas Beck, Natco Pharma, NDTV, Modern India and Nagarjuna Agric were up 7-20 pc.
Sensex trading higher; auto, metal up
At 11:52 am, the Sensex was trading higher and holding the 15,000 mark. There was some volatility as well. Auto, the most beaten down sector due to monsoon concerns bounced back sharply and index rose over 3pc.
M&M, Tata Motors, Maruti Suzuki and Bajaj Auto were up 3.5-5 pc. Ashok Leyland, Amtek Auto, Bharat Forge, Hero Honda and Apollo Tyres gained 1-2 pc.
Telecom, metal (barring Sterlite), realty, power (barring NTPC), realty and select banking stocks were witnessing buying interest. Reliance Industries, TCS and HUL were up 1-2%. However, selling in HDFC, ITC, NTPC, BHEL, Nalco, L&T, Sterlite and Grasim capped the gains to some extent.
The Nifty rose 38 points, to 4,476 and the Sensex gained 118 points at 15,128. The broader indices were up 0.8 pc each. The market breadth was positive; about 1467 shares advanced while 1231 shares declined on the BSE. Nearly 477 shares were unchanged.
Lupin, Reliance Industries, ICICI Bank, Tata Steel, Tata Motors and Bharti Airtel were most active shares on the bourses. All sectoral indices were in the green barring FMCG. BSE Oil & Gas, Realty, Metal and TECk indices were up 1-1.6 pc. Healthcare, Power and Bank indices rose 0.5-0.9 pc.
Markets choppy; Sensex down by 52 pts
The Sensex started the day on a lower note along with some volatility. It was trading below the 15,000 mark. Cement, select infrastructure and metal stocks along with ONGC were under pressure.
At 9:56 am, the Nifty fell 13 points, to 4,424 and the Sensex slipped 52 points, to 14,957.
ACC, Sterlite (raised bid for Asarco to $1.58 billion from $1.1 billion), HDFC, ITC, Tata Motors, Ambuja Cements, Hindalco, Hero Honda, NTPC, Unitech, Maruti Suzuki and Infosys were the losers in the early trade.
However, HCL Tech, Cipla (Govt is open to retail sale of Tamiflu in 15 days), Ranbaxy, Maruti, HUL, TCS, Wipro, SBI and M&M were up 0.5-2.5 pc. Indiabulls Real, Alok Industries, JP Hydro, JP Associates and Punj Lloyd lost ground.
Excel Info jumped 4 pc. Dhampur Sugar and Shree Renuka Sugars were the gainers. HOEC, Petronet LNG and Polaris Software went up 2 pc each.