Mkts end positive; ONGC, HUL, ITC gain
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
unchanged.
4:18
PM
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.
1:36
PM
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.
12:10
PM
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.
10:27
AM
OneIndia News