Mkts end higher on buying and +ve global cues
Mumbai, Jan 4: The markets ended the first day of new year 2010 on the higher side on back of positive global cues and buying across sectors.
The 30-share BSE Sensex shut shop at 17,558.73, up 93.92 points or 0.54 per cent and the 50-share NSE Nifty went up 0.6 per cent or 31.15 points, to end at 5,232.20.
On the back of positive market breadth, the broader indices outperformed the benchmark indices, up 1.5 to 1.6 per cent.
While
the
buying
was
seen
in
Cement,
metal,
infrastructure,
banking,
technology,
select
oil
&
gas
and
auto
stocks,
selling
in
stocks
like
Reliance
Industries,
NTPC,
Bharti
Airtel,
Maruti,
Hero
Honda
and
Suzlon
Energy
capped
the
gains
to
a
major
extent.
4:
17
PM
Benchmarks extend gains on buying in IT, metal
Benchmarks continue to extend gains on buying in metal, technology, capital goods, cement, realty, banking, select auto and oil & gas stocks.
However, Reliance Industries, NTPC, Bharti Airtel, Hero Honda, Maruti and Suzlon Energy continued in the negative zone.
At 1: 46 pm, 30-share BSE Sensex was trading at 17,553, up 86 points and the Nifty was at 5,229, up 28 points. The BSE Midcap Index was up 1.3 per cent and Smallcap up 1.5 per cent.
Top percentage gainers were Kaushalya Infra, Patel Integrated, Aditya Birla, Rajvir Industries, Thiru Arooran and Essar Securities which shot up 20 per cent each.
Among the midcaps, BOC India, Motherson Sumi, Rashtriya Chemical, GTL Infra and Bajaj Holdings went up 6.5 to 8 per cent while Central Bank, Shriram Transport, Sunteck Realty, Kansai Nerolac and IRB Infra were down 2.8 to 3.5 per cent.
In the smallcap arena, Hindustan National Glass, Energy Developement, Sarda Energy and NESCO gained 12 to 18 per cent while Manaksia, Maharashtra Ele, MVL, Indoco Remedies and Shristi Infra dipped 3 to 5 per cent
Up
by
0.5
per
cent,
European
markets
were
supporting
the
Indian
markets.
2:
43
PM
Sensex volatile; RIL, NTPC, Sterlite down
Sensex gained heavily on the buying in auto, realty, capital goods, technology, cement, metal, select banking and oil & gas stocks.
But the sell-off in heavyweight Reliance Industries, Bharti Airtel, NTPC, Sterlite Industries and HDFC Bank capped the gains to some extent.
At 12: 50, BSE Sensex was trading at 17,514.52, up 49.71 points and NSE Nifty was at 5217.30, up 16.25 points.
Among the top gainers were M&M, Tata Motors, ACC, Wipro, Grasim, Power Grid Corp and BPCL up 1.3 to 4 per cent.
Aditya Birla, Essar Securities and Patel Integrated shot up 20 per cent each. OnMobile Global, Hind National Glass and Thiru Arooran were up 18.5 to 19.5 per cent.
On the BSE Midcap Motherson Sumi, GTL Infra, BOC India and Apollo Hospital gained 6 to 10 per cent. However, the losers were Central Bank, Shriram Transport, Kansai Nerolac, Carborundum and Great Offshore down 1.6 to 3.3 per cent.
Energy
Development,
NESCO
and
TVS
Motor
gained
10
to
15.6
per
cent,
while
Manaksia,
Maharashtra
Elektrosmelt,
HSIL,
Dynamatic
Tech
and
Shristi
Infra
lost
3
to
5
per
cent
in
the
smallcap
space.
1:
14
PM
Nifty trading higher on buying interest
Riding on buying interest across sectors, Nifty was trading higher amid volatility. At 10: 18 am, Nifty was at 5,217, up 16 points.
BSE Sensex was was trading at 17,517, up 52 points, after surging 70 points on the opening of the first trading session of the year 2010.
M&M up 3.81 per cent; ACC up 2.24 per cent; Tata Motors up 1.75 per cent; Wipro up 1.57 per cent; Tata Steel up 1.17 per cent and BPCL up 2.56 per cent were the top gainers.
Among the midcaps, GTL Infra, Motherson Sumi, Gammon Infra, Gujarat NRE Coke and Blue Dart were up 4 to 6.5 per cent. The losers were Shriram Transport, Central Bank, Kansai Nerolac, Jain Irrigation and KGN Industries down 2 to 3 per cent.
In the smallcap arena, Aditya Birla was locked at 20 per cent, the upper circuit.
TVS Motor surged 12.76 per cent on Dec 2009 sales numbers.
Ruchinfra, Hercules Hoists and OM Metals Infra were up 8 to 10 per cent.
Among
the
losers
were
Gee
Kay
Finance,
Manaksia,
MVL,
Kothari
Product
and
Electrotherm,
down
3
to
5
per
cent.
11:
10
AM
BSE, NSE open at 9; Sensex gains 70 pts
On the first trading day of 2010, the Indian premier stock exchanges BSE and NSE opened at 9 am as against the earlier timing of 9:55 am.
At 9: 26 am, BSE Sensex gained 70 points and was trading at 17,535. NSE Nifty was at 5,222, up 21 points.
Strong Asian cues were supporting the Sensex.
M&M, Sun Pharma, HDFC, HDFC Bank, Tata Power, Maruti Suzuki, Unitech, Tata Motors and TCS were the frontline gainers.
However, Reliance Industries was on the losing side, down around 1.5 per cent.
The CNX Midcap shot up 33 points, to 7,465.
In
the
Midcap,
Smallcap
space,
Lloyds
Steel,
Ispat
and
SAL
Steel
were
up
by
1.5
to
5
per
cent,
Gammon
Infrastructure
gained
3
per
cent
and
HCC
was
up
1.4
per
cent.
9:
46
AM
OneIndia News