Nifty ends above 4600 level; RIL, SBI gain

Mumbai, Jul 31: The Sensex witnessed huge buying interest on the first day of Aug 2009 series and closed the Jul month on a strong note. It touched a new 2009 highs of 15,732.81 on the back of strong earnings and the Nifty ended above the 4600 level.

Upsurge in oil & gas exploration, banking, FMCG, capital goods, metal and select pharma companies' shares supported the markets throughout the session.

The indices saw some blip around 14-15 hours IST due to realty stocks along with Bharti Airtel, TCS, Reliance Communication, Hero Honda, SAIL, BPCL and Unitech. But in the last one hour of trade, they gained more strength again.

The 30-share BSE Sensex surged 282.35 points or 1.83 pc, to settle at 15,670.31. The 50-share NSE Nifty shut shop at 4636.45, up 1.42 pc or 65 points over previous close, after seeing a day's high of 4669.75.

Both indices gained 8 pc each for the month and up 2 pc each for the week. The Nifty August futures closed with 17 points premium (provisional figures). ONGC and SBI were the star performers of the day, both surged 5-6 pc on the back of institutional buying.

Volumes were lower; total traded turnover stood at Rs 83,315.90 crore. This included Rs 19,894.54 crore from the NSE cash segment, Rs 57,151.46 crore from the NSE F&O segment and the balance Rs 6,269.90 crore from the BSE cash segment.

4:32 PM

Nifty trading higher; RIL, Infy, ITC gain

At 01:05 PM the Nifty was trading with good gains. It was hovering around the 4650 mark. Buying interest was seen across all the sectors. The BSE FMCG index outperformed the other sectoral indices.

Strong buying interest was seen in banks, oil & gas, capital goods, metal, IT, auto and power stocks. Reliance, Infosys, ICICI Bank, L&T and ITC were major contributors to the Sensex.

The Sensex was up 328.64 points or 2.14 pc at 15716.60, and the Nifty was up 85.30 points or 1.87 pc at 4656.75. About 1657 shares advanced, 1117 shares declined, and 397 shares were unchanged.

Top gainers on the Sensex were ONGC at Rs 1,166.35 up 6.08 pc, Tata Motors at Rs 416.00 up 5.21 pc, SBI at Rs 1,811.90 up 5.17 pc, Sterlite Ind at Rs 648.40 up 3.46 pc and ITC at Rs 251 up 3.38 pc.

Top gainers on the Nifty were NALCO at Rs 310.45 up 6.41 pc, ONGC at Rs 1,167.15 up 6.00 pc, SBI at Rs 1,812.15 up 5.19 pc, Tata Motors at Rs 415.95 up 5.18 pc and Idea Cellular at Rs 79.30 up 4.27 pc.

2:26 PM

Mkts in green, Sensex surges 325 pts

At 10:56 am, the Sensex gained more strength on the first day of August series. It touched the 15,700 level on the back of huge buying in across the sectors, especially banking, auto, metal, oil & gas and capital goods stocks. The Nifty was trading above the 4650 level.

The broader indices were in line with the benchmark indices, gained 1.7-2.3%. The market breadth was strong; about 1901 shares advanced while 821 shares declined on the BSE. Nearly 449 shares were unchanged.

The Sensex surged 325 points, to 15,713 and the Nifty rose 92 points, to 4663. The Nifty August future was trading with 7 points premium.

On the sectoral front, the BSE Metal Index shot up 3 pc. Bank, Oil & Gas, Auto, Capital Goods, Realty and IT indices went up 2-2.7 pc. FMCG, TECk, Power and Healthcare indices gained 1-1.7 pc.

Reliance Industries, Infosys, ICICI Bank, L&T, ITC, ONGC and SBI were the leading counters. Tata Motors, SBI, Sterlite, ONGC, Hindalco and NALCO were top gainers and surged over 4 pc each. However, Bharti and BPCL were the only losers.

12:15 PM

Mkts positive; Sensex up by 264 pts

The markets opened strong following positive global cues and the Sensex was trading at 2009 highs. Heavyweights were witnessing huge buying interest. Shares of oil & gas exploration, auto, realty, metal and infrastructure stocks were supporting the markets.

At 9:56 am, the Nifty rose 76 points, to 4,647 and the Sensex gained 264 points at 15,652. The CNX Midcap surged 83 points, to 5,963 and the BSE Smallcap Index went up 82 points, to 6,286. About 660 shares advanced while 64 shares declined on the NSE.

Among the frontliners, Cairn (4 pc), Sterlite Industries, Suzlon (ahead of numbers), DLF, M&M, Tata Motors, Reliance Capital, SBI (good numbesr), L&T, ONGC, Tata Steel, Reliance Industries, Ranbaxy Labs, Hero Honda and HDFC were the gainers.

In Midcap Space Lanco Infratech was up 0.4 pc, after doing successful QIP. Deccan Chronicle was up 4.5 pc and PTC surged 5 pc on good numbers.

WWIL was up 2.5 pc and SEAMAC up 5 pc on good numbers. Indiabulls Real, Parsvnath, HDIL, Sesa Goa and Gujarat NRE Coke were up 1-3 pc. Adlabs lost 3 pc.

10:27 AM

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