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Mkts end higher;ONGC, SBI, Infy gain

Written by: Staff

Mumbai, Jul 7: The markets showed some recovery, which was expected after seeing sharp fall on Monday due to the budget disappointment. They closed on a higher note led by buying in cement, auto (barring Tata Motors), telecom (barring Reliance Communication), technology (except Infosys), FMCG, capital goods, private banking and select power stocks.

However, the both indices witnessed consolidation on low volumes throughout the session, as the Nifty struggled to hold the 4200 mark. The sell-off in Reliance Industries, ONGC, SBI, Infosys, SAIL, PNB, HUL, Tata Power, DLF, Suzlon, Ranbaxy and Tata Motors capped the gains and aided to the volatility.

The 50-share NSE Nifty closed at 4202.15, up 0.88% or 36.45 points over previous close, after seeing an intraday high of 4231.80 and low 4155.50, respectively. The 30-share BSE Sensex gained 127.05 points or 0.9%, to close at 14,170.45, after hitting a day's high/low of 14,251.88 and 14,000.68, respectively.

4:42 PM

Mkts continue +ve; Sensex up by 71 pts

At 01:11 pm, the markets were trading with marginal gains and the volatility was still lingering. The Nifty was trading below the 4200 mark. Buying interest was seen in FMCG, cement, auto, capital goods, select IT and banking stocks.

However, PSU banking, realty, oil & gas and metal stocks were witnessing selling pressure. The BSE smallcap index was down 1.20 pc. Stocks like Reliance, Infosys, HDFC Bank, SBI were negative contributors to the Sensex.

The Sensex was up 71.14 points or 0.51pc at 14114.54, and the Nifty was up 22.80 points or 0.55pc at 4188.50.

About 939 shares advanced while 1711 shares declined on the BSE. Nearly 506 shares were unchanged.

Top gainers on the Sensex were ITC was up 6.67 pc, Maruti Suzuki was up 5 pc, Grasim was up 4.74 pc, M&M was up 4.66 pc and Hero Honda was up 4.59 pc. However, top losers on the Sensex were Reliance, Tata Motors, ONGC, Reliance Comm and Hindalco.

Top percentage gainers on the BSE - Galaxy Multimed, WH Brady, Jay BharatMarut, Maestros, Chartered Logis were up 10-20 pc. Top percentage losers on the BSE were Titagarh Wagons, Texmaco, Siemens Health, Diamond Cables, Aroni Comm were down 10-16 pc.

2:22 PM

Mkts volatile; SBI, DLF, Tata Steel dip

At 10:29 am , the benchmark indices turned volatile, after positive opening in the early trade. Selling in shares of oil & gas exploration, metal and select banking stocks was putting pressure on the markets. However, buying in FMCG, capital goods and select auto stocks capped the losses.

The Sensex was down 11 points, to 14,031 while the Nifty rose 1.5 points, to 4,166. About 288 shares advanced while 751 shares declined on the NSE. The BSE Midcap Index fell 0.4 pc and Smallcap Index lost 1 pc.

Positive contributors were ITC, L&T, Bharti Airtel, ICICI Bank, Maruti, GAIL, BHEL, HUL, TCS and Axis Bank. However, Reliance Industries, ONGC, Sterlite, Cairn, Reliance Communication, SBI, SAIL, DLF, Jindal Steel, Tata Steel and HDFC Bank were negative contributors.

11:35 AM

Mkts positive; Sensex up by 122 pts

The markets saw good bounce, after Monday, Jul 6 sharp fall due to budget disappointment. Infrastructure and banking stocks were witnessing buying interest along with positive Asian cues.

At 9:56 am, the Sensex was up 122 points, to 14,167 and the Nifty rose 42 points, to 4,207. The CNX Midcap gained 48 points at 5,320 and the BSE Smallcap Index rose 16 points, to 16 points, to 5,579. About 449 shares advanced while 190 shares declined on the NSE.

Among the frontliners, L&T, BPCL, Cipla, Reliance Infrastructure, Power Grid, GAIL, ITC, Tata Power, Axis Bank, ICICI Bank, HDFC Bank, SBI, DLF and ACC were the gainers. However, Reliance Industries and Cairn India slipped.

10:21 AM

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