Sensex closes at 12,116.94, Nifty up by 1.62pc
Mumbai, May 7: The 30-share BSE Sensex closed 164.19 points or 1.37 per cent higher at 12,116.94 and the 50-share NSE Nifty shut shop at 3683.90, up 1.62 per cent or 58.85 points over previous close.
Broader indices outperformed the benchmark indices. The BSE Midcap Index was up 101.10 points or 2.75 per cent, to end at 3,776.94 and the Smallcap Index rose 2.66 per cent or 110.59 points, to 4,263.60.
Buying Interest was seen in Metal, financial, telecom and infrastructure stocks were while FMCG, cement, oil marketing and select technology companies' shares remained under pressure.
The BSE Metal Index went up 619.71 points or 8.22 per cent, to end at 8,155.08. SAIL has reported a growth of 28.79 per cent and Tata Steel April sales went up 31 per cent at 4.52 lakh tonnes (YoY); both stocks were up 7.41 per cent and 8.76 per cent, respectively. Among others, Hindustan Zinc, Sterlite, JSW Steel, Jindal Saw, Hindalco, JSL, Sesa Goa and NALCO gained 5 to14.8 per cent.
Among the financial stocks, Andhra Bank was up 5.28 per cent, PNB, SBI and Axis Bank were up 3.3 to 3.5 per cent. ICICI Bank gained 1.53 per cent and HDFC Bank was up 0.40 per cent. The BSE Bankex closed 68.52 points or 3.72 per cent higher at 1,912.44.
HDFC,
not
part
of
Bankex
shot
up
4.4
per
cent.
Market
breadth
was
positive
due
to
gains
in
broader
indices.
About
1921
shares
advanced
while
1053
shares
declined
and
nearly
138
shares
remained
unchanged
Positive
global
cues
supported
Indian
markets.
4:30
PM
Indices
up
2pc
each;
selling
in
IT
stocks
At
1:
23
PM
yhe
Sensex
was
up
86.93
points
or
0.73%
at
12039.68,
and
the
Nifty
was
up
20.60
points
or
0.57%
at
3645.65.
The
markets
were
trading
with
good
gains.
The
BSE
midcap
and
smallcap
indices
were
up
nearly
2
per
cent
each.
The Sensex was riding on Reliance, ICICI Bank, L&T, Bharti Airtel and HDFC. Selling was seen in IT Stocks. Buying Interest was seen in metal, realty, oil & gas, capital goods, bank, pharma and auto stocks.
Sterlite Ind at Rs 488 up 7.30 per cent, Hindalco at Rs 65.70 up 4.12 per cent, Tata Motors at Rs 273.95 up 3.75 per cent, Tata Steel at Rs 280.40 up 3.60 per cent and HDFC at Rs 1,810.10 up 3.52 per cent proved to be the gainers on Sensex. However, the losers were M&M at Rs 518.60 down 2.41 per cent, ACC at Rs 627.45 down 2.01 per cent, NTPC at Rs 190.70 down 1.95 per cent, Infosys at Rs 1,540 down 1.8 per cent and Grasim at Rs 1,771 down 1.68 per cent.
On
the
BSE
Midcap
-
Bhushan,
Monnet
Ispat,
Godrej
Ind,
Thomas
Cook
and
Mah
Seamless
became
the
top
gainer
after
going
up
11
to
23
per
cent.
On
the
BSE
Smallcap
-Gammon
India,
Bilcare,
HEG,
Uttam
Galva
and
CMC
were
up
12
to
23
per
cent
becoming
the
gainers.
1:53
PM
Early
gains
lost,
markets
volatile
At
11:
23
AM,
the
Sensex
was
trading
at
12,028,
up
75
points
and
the
Nifty
rose
23
points,
to
3,648.
Broader
indices
outperformed
the
equity
benchmarks;
BSE
Midcap
and
Small
cap
indices
gained
1.4
to
1.6
per
cent.
The markets have lost early gains and are experiencing volatility. Cement, technology and oil marketing companies' share were under pressure and private banking stocks retreated.
Those under pressure among the frontliners were Infosys, TCS, NTPC, ITC, HCL Technologies, ACC, Grasim, Ambuja Cements, ABB, BPCL and Cipla. Reliance Industries, HDFC, Bharti, Sterlite, ONGC, SBI, Reliance Communications, Wipro, HUL, L&T, Tata Motors, BHEL, and SAIL gained.
The
market
breadth
was
positive.
About
1724
shares
advanced
while
1227
shares
declined
and
nearly
161
shares
were
unchanged.
12:00
PM
Mkts
bouce
back,
HDFC,
SBI,
Tata
steel
gain
At
9:56
AM,
the
Sensex
was
trading
at
12,066,
up
113
points
and
the
Nifty
rwas
up
by
32
points,
to
3,657.
The
CNX
Midcap
went
up
1.5
per
cent,
to
4,050.
Recovering
the
losses
made
on
Wednesday,
Markets
today
bounced
back.
The gainers among the frontliners were Unitech, HDFC, Cairn India, Sterlite, Suzlon, Reliance Capital, DLF, Tata Steel, SBI, Axis Bank, ICICI Bank, Reliance Communication, Reliance Infrastructure, L&T, ONGC and SAIL while Infosys, BPCL, HUL, Cipla and NTPC lost ground.
In
the
midcap
small
cap
front,
United
Breweries,
Aptech,
Godrej
Industries,
GSPL,
Havells,
Balrampur
Chini,
Sakthi
Sugars,
Bajaj
Hindusthan,
Apollo
Tyres,
Mangalore
Chemical,
GIC
Housing
Finance
and
Pyramid
Saimira
gained
2
to
6
per
cent.
10:20
AM
OneIndia News