Indices ended marginally higher amid choppy trade

Posted By: Staff
Subscribe to Oneindia News

Mumbai, Apr 17: The 30-share BSE Sensex closed at 11,023.09, up just 0.69% or 75.69 points while the 50-share NSE Nifty closed at 3384.40, up 0.44% or 14.9 points.

The benchmark indices wiped out about 3 per cent in the last hour of the trade and ended marginally higher amid choppy trade due to Shares of banking, capital goods and private power companies, the heavyweight ONGC, Infosys, Bharti Airtel, Unitech.

The sell-off in metal, auto, pharma stocks as well as stocks like Reliance Industries, NTPC, ITC, DLF, Wipro and ACC capped the gains.

Market breadth of the day is described as modestly positive. About 1583 shares advanced while 1381 shares declined and nearly 131 shares remained unchanged.
4:10 PM

Mkts positive, realty,banking trading strong
At 12:33 PM, the Sensex was trading at 11,284, up 337 points and the Nifty was trading at 3,472, up 103 points, at 12:33 hours IST. Broader indices - BSE Midcap and Smallcap indices gained 3% each.

The markets have been facing huge buying interest, in spite the selling pressure at higher levels. Realty, banking, capital goods, power, telecom, metal and oil & gas stocks were trading strong followed by midcaps and smallcaps.

NTPC, Reliance Industries, SBI, ONGC, Infosys, Bharti, L&T, ICICI Bank, HDFC, Reliance Communication, DLF, BHEL and TCS were up 2 to 6 per cent, becoming the gainers among the frontrunners. However, only ITC, Cipla, Maruti and Sun Pharma were under pressure.

Bajaj Hindusthan, Balrampur Chini, Dhampur Sugar, Dwarikesh Sugar, EID Parry, Oudh Sugar Mill, Sakthi Sugars, Shree Renuka, Simbhaoli Sugar, Triveni Engg, Upper Ganges and Uttam Sugar were up by 4 to12 per cent.

In the midcap arena, IOB, Federal Bank, HCL Info and HDIL rose 11 to15 per cent. Core Projects shot up 22%. Arshiya Intl, Sundram, Alkali Metals and S Kumars Nationwide were the gainers in the small cap area.

Sugar stocks were trading strong, due to the reports that sugar prices may hit Rs 30/kg on acute shortage. The government may hike quota release.

The market breadth was positive. About 1975 shares advanced while 1009 shares declined and nearly 111 shares were unchanged.

Mrkts recover half of what was lost yesterday
At 10:45 AM the Sensex was trading at 11,214, up 267 points and the Nifty was trading at 3,450, up 80 points, at 10:45 hours IST. Broader indices - the BSE Midcap Index was up 3.2% and the Smallcap Index gained 2.7%.

Due to the buying in rate sensitives, infrastructure, commodities and technology stocks the benchmark indices continue to perform well. The markets have already recovered half of what was lost in yesterday's trading.

The BSE Realty Index went up 6%, as Unitech surged over 10%. HDIL, Sobha Developers, Puravankara Projects, Indiabulls Real, Omaxe, Parsvnath and DLF were up 4.5 to 8 per cent.

4 per cent increase was seen in both BSE Bank and Metal indices; while banking pack, Axis Bank, SBI, ICICI Bank, Kotak Mahindra, HDFC Bank and PNB gained 2 to 5 per cent.

In Metals indal Saw, Tata Steel, JSW Steel, Sterlite Industries, Sesa Goa, Hindalco, NALCO, SAIL and JSL were up by 2 to 5 per cent.

The Capital goods saw a rise of 3.8 per cent on the back of L&T, ABB, Punj Lloyd, Siemens and BHEL moving up 1.5 to 4.4 per cent.

The gainers in the midcap stockes were HCL Info, Jai Corp, Max India, India Infoline and Anant Raj Industries.

In the small cap arena Core Projects, Swaraj Mazda, Apar Ind, Cholamandalam and S Kumars Nationwide saw a rise of 9.5 to 14.7 per cent. However, RSWM lost16.46 per cent and Saras Ind fell 14.53 per cent . ITI, Gateway Distriparks and CMC slipped down over 5 per cent.

On the whole market breadth was positive. About 1819 shares advanced while 1144 shares declined and nearly 132 shares were unchanged
12:00 PM

Indices bounce back on positive global cues
At 9:57 AM, the Sensex was trading at 11,130, up 183 points and the Nifty was trading at 3,419, up 50 points. The CNX Midcap went up 2% or 74 points, to 3,889.

The benchmark indices made a strong come back due to the positive global cues. The markets were supported by Metal, banking, realty, auto, cement, technology and capital goods stocks.

The gainers amidst the frontliners were Unitech, Tata Motors, Tata Steel, HCL Tech, Suzlon, Sterlite, SAIL, Axis Bank, Infosys, ICICI Bank, SBI, HDFC Bank, Bharti and Reliance Industries; while Cipla and ITC slipped.

In the midcap and small cap arena, Arvind, S Kumar Nationwide, Gitanjali Gems, Baja Hindusthan, Balrampur Chini, Shree Renuka Sugars, Triveni Engg , HDIL, Indiabulls, India Infoline, REC, PTC, PFC, Core Projects and HCC were up by 4-8 per cent, while Polaris was down 4 per cent.
10:20 AM

OneIndia News

Please Wait while comments are loading...