Mkts end positive; Sensex up by 162 pts

Mumbai, Aug 28: At 02:27pm, the Nifty extended gains and touched new 2009 highs. Its earlier high was at 4,731. Buying in realty, banking, oil & gas exploration, metal and private power companies' shares was helping the indices.

The Sensex was moving towards the 16,000 mark. Positive European cues were also supportive to the indices.

Among the largecaps, Bharti Airtel and DLF shot up 4.5-5 pc. SAIL, SBI, ICICI Bank, Cairn India, Sterlite, Idea and Reliance Infrastructure were up over 2 pc each.

The Nifty was up 50 points, to 4,739 and the Sensex rose 162 points, to 15,942. The broader indices were up 0.7-0.9 pc; about 1573 shares advanced while 1278 shares declined on the BSE. Nearly 334 shares were unchanged.

Top percentage gainers - Dalmia Cement, Compuage Info, GM Breweries and Bhagyanagar Industries were up 20 pc each. Trent (W), ILandFS and Madhucon Projects gained 13-19 pc.

Top percentage losers - Bhuwalka Steel, Aries Agro, Jyothy Labs, Panasonic Carbon, Bhartiya International, Vardhman Holdings, Suven Life Sciences and Tamil Newsprint fell 6-8 pc.
4:17 PM

Sensex choppy; TCS, ITC, Infy dip

At 12.48 pm, the Sensex was trading with some volatility. Selling pressure was seen in IT, FMCG and pharma stocks. However, realty, capital goods, banking stocks were witnessing buying interest.

Reliance, Infosys, HDFC, ITC and HDFC Bank were the negative contributors to the Sensex.

The Sensex was down 31.08 points or 0.20 pc at 15749.99, and the Nifty was down 19.20 points or 0.41 pc at 4669.

The markets breadth was positive, about 1497 shares advanced, 1339 shares declined, and 348 shares were unchanged.

Top gainers on the Sensex were Bharti Airtel at Rs 429 up 3 pc, DLF at Rs 402.40 up 2.56 pc, Hindalco at Rs 107.65 up 1.56 pc, Reliance Infra at Rs 1,153.90 up 1.20 pc and Jaiprakash Asso at Rs 221.85 up 1.19 pc.

Top losers on the Sensex were TCS at Rs 533.10 down 2.11 pc, ITC at Rs 235.15 down 1.94 pc, Tata Power at Rs 1,331 down 1.92 pc, Infosys at Rs 2,148 down 1.91 pc and NTPC at Rs 208 down 1.72 pc.
1:23 PM

Broader indices outperform; RIL, Tata Motors gain

At 11:53 am, the Nifty was rangebound at 4680-4713 and the Sensex was moving in a band of 15,770-15,820. The broader indices continued to outperform the benchmark indices; up nearly 1 pc each.

Selling in technology stocks along with NTPC, BHEL, ITC, Tata Power, Axis Bank, Sun Pharma, Tata Steel, Grasim and Tata Communciation capped the gains.

However, Bharti Airtel extended gains and was up 3.4 pc. SBI, ICICI Bank, PNB, L&T, Siemens, Suzlon Energy, Reliance Infrastructure, Reliance Power, DLF and Unitech were witnessing buying interest. Cairn India, Reliance Industries, Tata Motors, SAIL, ACC, HUL and Sterlite were the other gainers.

The Sensex was up 6 points, to 15,786 and the Nifty was flat at 4,687. About 1655 shares advanced while 1143 shares declined on the BSE. Nearly 386 shares were unchanged.

Top percentage gainers - Dalmia Cement and GM Breweries locked at 20 pc upper circuit. Trent (W), Bhagyanagar Industries, Compuage Info, Indo Rama Synthetics and ILandFS were up 13-19 pc.

Top percentage losers - Shri Baj Alloys, Aries Agro, Morganite India, Panasonic Carbon, Tamil Newsprint, Suven Life Sciences, Bhartiya International and Action Construction fell 5-9.5 pc.
12:13 PM

Sensex open positive; Wipro, RIL, ICICI gain

The Sensex started the first day of Sep series on a positive note on the back of buying in capital goods, pharma and power stocks. It was trading above the 15800 mark and the Nifty was above the 4700 level. Positive US cues were also supportive to the markets.

At 9:56 am, the Sensex rose 89 points, to 15,867 and the Nifty up 25 points, to 4,713 25. The CNX Midcap gained 70 points at 6,133.

Among the frontliners, Cairn India (crude up 1.5), SAIL, Bharti Airtel, Cipla, Siemens, ICICI Bank, L&T (above Rs 1600 a share), Wipro, M&M, Reliance Power, Grasim, Ranbaxy, Suzlon Energy, Idea Cellular and Idea Cellular were the gainers.

However, Tata Steel fell another 2 pc on disappointing set of numbers for Q1FY10. Sun Pharma, GAIL, Infosys and Nalco were also in the red.

In Midcap space, Amtek India and Maytas Infra were up 5 pc each. Birla Power, Fame India, Lanco Infratech, Uco Bank and IDBI Bank were up 2-4 pc.

Aban Offshore rose another 1.7 pc. Bajaj Hindusthan and Balrampur Chini went up 2 pc each. Bombay Rayon and Datamatics went up 3 pc each. Ansal Properties was up 2 pc ahead of board meeting. Noida Toll rose 2 pc.
10:30 AM

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