Mumbai, Apr 30: After Wednesday, Apr 27, sell-off, markets ended on a positive note for the second consecutive session, probably on the back of short covering and positive global cues, which was erased after IMF vowed to raise the Euro 45 billion aid package for Greece to as much as Euro 120 billion for the next three years.
The Sensex closed at 17558, up 55 points and the Nifty was at 5278, up 23.85 points.
Asian markets too closed positive. Hang Seng, Jakarta and Nikkei rose 1.2 to 1.6pc. Straits Times and Kospi were up 0.5 to 0.8pc. Shanghai also turned into green while Taiwan fell 0.6pc. The US markets closed 1 to 1.6pc higher on Thursday and the markets were eyeing US Q1 GDP data.
European markets were mixed in trade at the time of closing of Indian markets.
Nifty choppy; auto, IT gain
Sensex was trading in green amidst positive bias. Nifty was choppy in a narrow band of 5270-5290. Auto, realty, IT, capital goods oil&gas stocks were witnessing buying interest. However, metal stocks were under pressure.
At 1:21 pm, Sensex was up 78.17 points or 0.45pc at 17581.64, and the Nifty up 22.05 points or 0.42pc at 5276.20.
Among largecaps, top gainers in Nifty were BPCL, Tata Motors, Reliance Capital, Hero Honda and Cairn India. Ambuja Cements, Wipro, ONGC, Idea Cellular and Siemens down 0.4 to 2pc were the losers.
In the auto space, Ashok Leyland was the top gainer with over 7pc gain. Tata Motors went up 4pc while Hero Honda gained 2pc. Maruti Suzuki was trading flat and Baja Auto tanked close to 0.7pc.
In the banking space, SBI, ICICI Bank and PNB gained close to 1pc. HDFC Bank was marginally trading in green.
Top gainers on the BSE Midcap: Nirma, United Phos, JK Bank, Ashok Leyland and Kansai Nerolac surged 7 to 12pc.
Top losers on the BSE Midcap: Pfizer, Eicher Motors, Madras Cements, Yes Bank and Manappuram plunged 2 to 3pc.
Top gainers on the BSE Smallcap: Halonix, Sujana Towers, Kemrock Industries, Binani Cement and VasconEngg shot up 6 to 12pc.
Top losers on the BSE Smallcap: Clariant, Sundaram-Clayton, Kirloskar Ferro, Bata India and Graviss Hospitals slipped 3.5 to 4.5pc.
Sensex northbound; RIL, SBI shine
Benchmarks Sensex continued its northbound journey for the second consecutive day. Burying in almost all sectors hepled Sensex to gain over 100 points.
The leading contributor in Nifty were SBI, Reliance Industries, NTPC, TCS and ICICI Bank.
At 10:35 am, Sensex was trading at 17635, up 132 points and the Nifty was at 5291, up 37 points. The broader indices were outperforming the benchmark indices.
In the sectoral front, Buying interest were seen banking, auto, realty, pharma, power, telecom and capital goods companies' shares, while ONGC, Wipro, ITC, Ambuja Cements, ACC, Axis Bank and Hindalco were on the losing side.
Top gainers - Cairn India was trading at Rs 317.40, up 2.77pc; Tata Motors was at Rs 865.50, up 2.72pc; Ranbaxy Labs was at Rs 447.85, up 2.40pc; Hero Honda was at Rs 1,875.60, up 2.35pc; Cipla was at Rs 340.05, up 2.21pc; Reliance Infrastructure was at Rs 1,146.50, up 2.07pc; SBI was at Rs 2,314.35, up 1.75% and DLF was at Rs 314, up 1.54pc.
Among the midcaps, United Phosphor, Shriram City, Ashok Leyland, Puravankara Projects and United Bank gained 5 to 9pc. However, Eicher Motors, Cummins, Madras Cements, HSBC Invest and Jain Irrigation tanked 1.6 to 3pc.
Among the smallcaps, Kemrock Industries, Panacea Biotec, Smartlink Network, Swan Mills and WABCO-TVS surged 5.7 to 10pc while Sundaram-Clayton, Graviss Hospital, Bata India, Simplex Project and Fem Care Pharma dipped 3 to 5.8pc.
Sensex opens 90pts higher, ICICI, Tata Motors up
The markets opened on a positive note on the back of good global cues, which reacted to the IMF decision to raise Euro 45 billion aid package for Greece.
The gainers in the early trade were banking, metal, auto, power, capital goods and select technology.
At 9:02 am, the Sensex was trading at 17595, up 92 points and the Nifty was at 5277, up 23 points.
Among the frontliners, buying interest were seen by Unitech, Cairn India, Tata Steel, Sterlite Industries, Tata Motors, DLF, Ranbaxy, TCS, M&M, Reliance Capital, Sun Pharma, Cipla Hero Honda, ICICI Bank and SAIL shares.
However, Ambuja Cements, Infosys, ONGC and ITC were on the losing side.
Midcap & smallcap space:
Ashok Leyland shot up 5pc on good fourth quarter numbers.
IFCI gained 1.75pc. FIrstsources Solutions and HCL Info shot up 2pc post numbers.
Valecha Engineering rallied 6.5pc.
DCB, UCO Bank and Dena Bank moved up 2pc. Chola DBS gained 4.5pc.
Puravankara Projects gained 5pc and Parsvanath Developers up 1.65pc.
Asian markets were trading higher barring Shanghai. Nikkei, Hang Seng, Straits Times, Jakarta, Kospi and Taiwan surged 0.4 to 1.35pc. However, Shanghai fell 0.9pc