Mumbai, Aug 26: Sensex remained on the higher side throughout the session led by buying in technology post upgradation of Infosys by CLSA, realty, cement and power stocks. As a heavyweight Reliance Industries also supported the markets.
Overall, it was a volatile session ahead of ending August series on Thursday, Aug 27. Both equity benchmarks traded in a range of 15750-15810 on the Sensex and 4665-4690 on the Nifty.
The attempt of Nifty hitting the 4700 mark has been failed, after trying for three times during the day; its day's high was at 4697.80. The sell-off in ONGC, HUL, ITC, Bharti, HDFC Bank, NTPC, ITC, HCL Tech, Hero Honda, Ranbaxy and Hindalco throughout the day capped the gains and kept the Nifty below 4700.
The 30-share BSE Sensex shut shop at 15,769.85, up 0.52 pc or 81.38 points, after seeing an intraday high of 15,831.49 and low of 15,695.94. The 50-share NSE Nifty was up 0.46pc or 21.50 points, to settle at 4680.85.
The broader indices outperformed the benchmark indices; the BSE
Midcap Index was up 1.1 pc and Smallcap Index up nearly 2 pc.
Market breadth was positive; about 1,993 shares advanced while 890
shares declined on the BSE. Nearly 299 shares remained
Mkts continue positive; Wipro, Infy, TCS gain
At 01:15 pm, the Nifty consistently remained on the higher side with marginal gains and was trying to hit the 4700 mark. But the selling at higher levels capped the upside to some extent. It hit a day's high of 4696.40.
Technology, realty, power, cement, metal and telecom stocks were supporting the markets. However, the sell-off continued in ONGC, HUL, GAIL, ITC, Jindal Steel, HDFC Bank, BHEL, Maruti, Ranbaxy and BPCL.
Among the technology stocks, Infosys (post CLSA upgradation) and TCS jumped over 4 pc each, and Wipro up 3 pc. DLF rose 2.5 pc. All these stocks were leading counters on the NSE.
The Sensex gained 120 points at 15,808 and the Nifty up 31
points at 4,690. The market breadth was strong; about 1,966 shares
advanced while 867 shares declined on the BSE. Nearly 349 shares
were unchanged. The broader indices went up 1.3-2 pc.
Nifty trading higher; realty, metal, power up
At 10:50 am, the Nifty was trading higher and was inching towards the 4700 mark but the sell-off in ITC, ONGC, HUL, HDFC Bank, BHEL, Maruti and Ranbaxy Labs was putting pressure at higher levels.
Buying in technology, realty, metal, power and select telecom stocks along with Reliance Industries and SBI was helping the Sensex to move towards the 15800 level. Both the indices were seeing volatility ahead of expiry on Thursday, Aug 27.
The Sensex was up 88 points, to 15,777 and the Nifty rose 27 points, to 4,686. About 1,004 shares advanced while 189 shares declined on the NSE. The broader indices were outperforming the benchmark indices, gained 1.5-2 pc.
In the midcap space, Aban Offshore surged 18 pc. IBN18 Broadcast, Reliance Industrial Infrastructure, Tata Investment Corp and IRB Infra were up 7-13 pc. However, REI Six Ten, Corporation Bank, Puravankara Projects, AstraZeneca and Thomas Cook fell 2-3.5 pc.
In the smallcap space, Gati, Electrotherm, Nitin Fire
Protection, Suven Life Sciences and GSS America Info went up 8-10.5
pc. However, JMD Telefilms, Sahara One, SpiceJet, EIH Associated
Hotel and WABCO-TVS lost 3.5-5 pc.
Mkts open positive; Sensex up by 70 pts
The Sensex started the day on a positive note following good global cues. Metal, technology, select banking, realty and auto stocks were witnessing buying interest.
At 9:56 am, the Sensex rose 70 points, to 15,758 and the Nifty up 19 points, to 4,679. The CNX Midcap went up 42 points, to 6,041. About 650 shares advanced while 98 shares declined on the NSE.
Among the frontliners, PNB, HCL Tech, Infosys (CLSA upgraded the stock), Jindal Steel, DLF, Siemens, Tata Steel, NTPC, BPCL, Ambuja Cements, SBI, Hero Honda, M&M and SAIL were the gainers. However, ITC, HUL, Grasim, ONGC and Ranbaxy Labs were the losers.
In Midcap space, Aban Offshore shot up 17 pc, as the company signed $603 million, 3-year deal for 3 rigs and signed $92 million 3-year deal for fourth rig.
Suven Life Sciences surged 10 pc, after seeing 20 pc rally for
last two days. Orchid Chemical was up 2 pc. Aptech, KPIT Cummins
and Aftek were up 2.5-6 pc. Provogue, Fame India and Maytas Infra
jumped 5 pc each.