Nifty ends above 4700 mark; auto, metal indices up
Mumbai, Aug 3: The NSE Nifty ended the very first August session on a strong note, by surging above the 4,700 mark for first time since Jun 6, 2008. Nifty's rally was led by auto, realty, metal and oil & gas stocks.
The Sensex shut shop gaining 253.92 points or 1.62 per cent at 15924.23, and the Nifty was up 74.95 points or 1.62 per cent at 4711.40. Reliance, Infosys, ICICI Bank, L&T, SBI, BHEL, Reliance Comm and ONGC supported both Nifty and Sensex.
The BSE midcap was up by 2.3 per cent and smallcap indices was up 1.69 per cent.
Almost all the sectoral indices on the BSE ended in green. The BSE auto index closed up 4.60 per cent.The BSE metal index was up 3.41 per cent. The BSE power index was up 2.19 per cent. The BSE oil & gas was up 2.04 per cent. The BSE capital goods was up 1.82 per cent. The BSE health care was up 1.41 per cent. The BSE bankex was up 1.20 per cent. The BSE IT index was up 0.99 per cent.
However, the the BSE FMCG index was down 0.71 per cent or 19.45 points at 2,718.70. Stocks like HUL, Nestle, Britannia, Marico and Colgate were down 1 to 2 per cent.
About
1801
shares
advanced,
1034
shares
declined,
and
337
shares
remained
unchanged.
4:26
PM
Mkts
positive;
auto
index
surges
3
pc
At 1 pm, the Sensex was up 63.95 points or 0.41 per cent at 15734.26, and the Nifty was up 23.35 points or 0.50 per cent at 4659.80. Sensex was trading with a positive bias as stocks like Reliance, L&T, Bharti Airtel, SBI and BHEL proved to be positive contributors.
Buying interest was seen in realty, metal, pharma, oil & gas and capital goods stocks while FMCG and banks stocks were trading weak.
Top gainers on Sensex were BHEL, Sterlite Ind, Maruti Suzuki, Hindalco and Reliance Comm. The losers were HUL, HDFC Bank, HDFC, Reliance Infra and ITC.
Among the sectors, auto index outperformed surging 3 per cent.
Bharat
Forge,
Phoenix
Mills,
Bajaj
Holdings,
United
Breweries
and
Anant
Raj
Ind
were
up
8
to
10
per
cent
and
were
the
top
gainers
on
the
Midcap.
Top
gainers
on
the
BSE
Smallcap
were
Empee
Distiller,
Allied
Digital,
Elgi
Equipments,
Sanghi
Ind
and
CMI
FPE
were
up
10
to
20
per
cent.
2:23
PM
Benchmarks
trading
green;
Nifty
volatile
Both the benchmarks are trading in green. However, Nifty was volatile. At 11.53 am, the BSE Sensex was up 52 points at 15722, and the NSE Nifty was up 18 points at 4654.60.
Auto, realty, metal oil & gas and pharma stocks were trading with some gains. FMCG and consumer durable stocks were trading weak.
While Reliance, Reliance Comm, BHEL, Maruti Suzuki and Cairn India were the positive contributors to Nifty, Sensex gained strength from Reliance Communication, Maruti Suzuki, Hindalco, Sterlite Industries and Tata Steel.
Top
gainers
on
Nifty
were
Reliance
Comm,
Maruti
Suzuki,
Cairn
India,
Unitech
and
Hindalco.
Suzlon
Energy,
HUL,
Tata
Comm,
BPCL
and
HDFC
Bank
lost.
12:
50
PM
Mkts
open
higher;
HCL,
ONGC,
Bharti
Airtel
gain
The Indian markets opened higher continuing the strong rally with which they ended on Friday, Jul 31. However, the markets are trading amid volatility.
At 9:58 am, the NSE Nifty rose 13 points, to 4,649 and the BSE Sensex was up 45 points at 15,715. The CNX Midcap was up 11 points at 5,961 and the BSE Smallcap Index rose 30 points, to 6,236.
The gainers among the frontliners are Cairn, Tata Power, Hindalco Industries, Reliance Power, Maruti, HCL Tech, Sterlite, Ranbaxy Labs, Reliance Communication, ONGC, Sun Pharma and Bharti Airtel.
The losers were BPCL, Tata Motors, HUL and ICICI Bank. Posting loss of Rs 453 crore, Suzlon slipped 7 per cent. Also on the back of the weak numbers Reliance Capital was down 2.25 per cent.
Among
the
midcaps,
GMR
Infra,
Hotel
Leela,
Indian
Hotel,
Divis
Labs,
Maytas
Infra,
Rolta
was
were
the
losers.
However,
Aban
Offshore
was
up
3
per
cent
on
the
back
of
strong
numbers.
10:24
AM
OneIndia News