The Nifty perfomed well in the last hour of the trade to recover from Thursday, Aug 20 losses. Buying in auto, technology, realty, capital goods, oil & gas, FMCG and select banking stocks helped the index.
Like the benchmarks, the broader indices ended the day on a positive note. The indices were up by 1.5 per cent each.
All the sectoral indices ended the day in the green. While BSE Realty Index surged 3.5 per cent; Auto, TECk, IT, Bank, Oil & Gas and FMCG, which indices gained 1.5 to 2 per cent.
Mkts volatile; selling in FMGC, pharma stocks
At 12: 50 pm, the Sensex was up 59 points, to 15,071 and the Nifty rose 23 points, to 4,476. The broader indices were also up 0.8 to 1.3 per cent.
The benchmarks continue to trade amid volatility. The markets gained support from Oil & Gas, technology, auto stocks along with ICICI Bank, BHEL, Bharti, Axis Bank, ABB, Siemens and ACC.
Selling continued in FMCG and pharma stocks along with HDFC Bank, NTPC, L&T, SAIL, SBI, Reliance Communication, Ambuja Cements, Tata Steel and Hindalco.
In the oil & gas space, GAIL, ONGC, Reliance Industries, BPCL, IOC, Aban Offshore and Essar Oil were up.
Auto stocks like Hero Honda, Bajaj Auto, M&M Maruti Suzuki, Ashok Leyland, Tata Motors and Bharat Forge gained.
HCL, TCS, Infosys and Wipro were the gainers in the technology space,
However, ITC and HUL lost 0.9 per cent in FMGC and Pharma stocks like Glenmark, Sun Pharma, Cipla, GSK Pharma and Ranbaxy Labs fell 0.8 to 1.6 per cent.
2: 28 PM
Mkts recover; broader indices up
The markets are recovering from the early losses amid the volatile trade.
At 11:35 am, BSE Sensex was down 45 points, to 14,966 and NSE Nifty was down 8 points, to 4,445. The broader indices, the BSE Midcap and Smallcap indices gained 0.8 to 1.4 per cent.
However, power, pharma and FMCG counters are witnessing selling. HDFC Bank, L&T, DLF, Reliance Communication, SAIL and Ambuja Cements were also under pressure wile Reliance Industries and ICICI Bank were flat.
Surging 13 to 18 per cent the top percentage gainers were Puravankara Projects, Balaji Amines, Astra Microwave, Hitech Plast, Indowind Energy, Richa Industries, Techtran Polyle and Magma Fincorp.
However, SIL Invest, Ken Financial, Span Diagnostic, WH Brady, Maestros, Ambika Cotton, Sundaram-Clayton, TVS Srichakra, Dharani Sugars and Bal Pharma lost 5 to13 per cent.
12: 36 PM
Mkts retreat; Wipro, HDFC, ITC, Sun Pharma lose
Weak Asian cues forced te Indian markets to open on a negative note. At 10 am, the BSE Sensex was down 163 points, to 14,848 and the NSE Nifty lost 45 points, to 4,408. The CNX Midcap slipped 0.5 per cent.
The losers among the frontliners were ata Steel, Maruti, SBI, Sterlite, Ranbaxy Labs, Cipla, DLF, Ambuja Cements, Sun Pharma, ITC, Reliance Industries, L&T, HDFC, Wipro, Hindalco and Nalco.
However, Idea Cellular, SAIL and GAIL were up.
The new entrant, Adani Power continued to trade around its issue price of Rs 100 per share.
Among the Midcaps, Geometric Software, 3i Infotech and Glenmark Pharma slipped 1 per cent, and Balrampur Chini lost 2.5 per cent.
Up by 5 and 1 per cent respectively, the gainers were HOEC and Puravankara Projects and Uttam Galva.
Indiabulls Real Estate was also trading up by 2.5 per cent.