Mkts end with highest turnover of Rs 1.57 lakh cr
Mumbai, May 19: Continuing the positive rally, the Sensex closed 17.82 points or 0.12% higher at 14,302.03. But Nifty fell even if just 4.70 points or 0.11 per cent to shut shop at 4,318.45. Following the historic market event on Monday, May 18, the indices went on a roller coaster ride. The markets also recorded the highest ever turnover of Rs 1.57 lakh crore.
The sectoral front saw a mixed trend with rate sensitives, infrastructure and metal stocks along with ONGC witnessed huge buying interest while technology, pharma, FMCG stocks along with Reliance Industries and Bharti Airtel remained under pressure.
With good flows from the FIIs the largecap stocks saw huge trading. Indicating a probable boost in the investment on the infrastructure; infrastructure and rate sensitives witnessed heavy buying interests.
While
the
domestic
funds
were
booking
profits
at
the
current
level,
the
broader
indices
got
attention
from
the
buyers
and
dealers.
4:38
PM
Mkts continue rally, turnover above 1 lakh cr mark
At 1:15 PM the Sensex was trading at 14,928, up 644 points and the Nifty rose 178 points, to 4,501. The markets seemed to gain strength. The BSE Midcap index went up 5.5 per cent and Smallcap Index rose 4 per cent.
Buying in rate sensitives, infrastructure and metal stocks supported the markets' rally. The total turnover has already crossed the Rs 1 lakh crore mark.
The Indian rupee was trading at 47.48 a dollar which is the highest it has been in five months.
In the sectoral indices, BSE Realty Index surged 15.5 per cent, as HDIL, Mahindra Life, Ansal Properties, Orbit Corporation, Sobha Developer, Parsvnath and Phoenix Mills were up 9.6 to 20per cent. Unitech and DLF gained 9.5 per cent each. The BSE Capital Goods Index was up over 13 per cent, as L&T rose 14.53 per cent. ABB was up 9.94 per cent. Siemens and BHEL went up 6.70 per cent and 3.16 per cent respectively.
In
the
other
indices,
BSE
Metal,
Power
and
Auto
indices
gained
7
to
8
per
cent
while
IT
Index
fell
8
per
cent
and
FMCG,
Healthcare
indices
declined
2
to
4
per
cent.
2:15
PM
Sensex above 14k; broader indices rise 2 pc each
At 11:45 AM the Sensex was trading at 14,526, up 242 points and the Nifty went up 40 points, to 4,364. The Markets were trading higher while both the benchmark indices were volatile.
Banking, capital goods, realty, select auto, power and metal stocks, and ONGC saw heavy buying; while IT, pharma, FMCG stocks, and Reliance Industries and Bharti Airtel were under pressure.
BSE Midcap and Smallcap indices rose 2 to 2.8 per cent.
In
the
sectoral
area,
Capital
goods
increased
by
8
per
cent
while
Bank
and
Reality
indices
gained
7
per
cent
each.
Auto
Index
went
up
by
6.6
per
cent,
Metal
and
Power
went
up
3
per
cent.
On
the
other
hand
IT
index
slipped
by
8
percent,
FMGC,
and
Healthcare
fell
2
to
4
per
cent.
12:08
PM
Mkts open strong but slip to red on profit booking
Following a historic day, the markets opened strong but immediately slipped. At 10 AM, the Sensex was trading at 13,853, down 430 points and the Nifty fell 151 points, to 4,172.
Indices shrugged off positive global cues and retreated to red on back of profit booking.
The loosers among the frontliners were TCS, Infosys, Suzlon, Reliance Infrastructure, ITC, M&M and Ambuja Cements; while L&T, Nalco, BHEL, Reliance Capital, DLF, PNB, DLF and Maruti were trading higher.
GMR Infrastructure, Punj Lloyd, HCC, Lanco Infratech, DCB, Yes Bank, IOB, Gujarat NRE Coke and RNRL slipped by 8 to 10 per cent. IVRCL Infrastructure, HDIL and Indiabulls Real Estate seemed to gain.
The
markets
that
hit
the
upper
circuit
twice
yesterday
and
surged
abover
20
per
cent
forced
the
markets
to
shut
shop
by
12
PM.
The
country
awaits
now
to
see
how
the
market
will
fair
on
the
following
day,
while
experts
like
Vallabh
Bhanshali,
Chairman,
Enam
Securities
say,
“The
markets
will
open
for
regular
business.
I
think
there
will
be
a
lot
of
sell
orders.
I
would
be
surprised
if
there
are
not."
10:
23
AM
OneIndia News