Sensex ends higher; metals, banks gain

Posted By: Staff
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Mumbai, Sep 9: The Sensex closed higher for fourth consecutive day on the back of sharp upside in heavyweight Reliance Industries, which gained 4.5 pc for second straight day on institutional buying.

Metal stocks continued their run up as well and banking stocks were the other gainers, which all supported the Nifty to close above 4800 for second day in a row.

However, selling in telecom, realty, power, FMCG, auto, oil marketing, capital goods and select technology stocks capped the gains. Bharti Airtel, DLF, Jindal Steel and BPCL put pressure on the Nifty; these stocks fell 3-4 pc.

The 30-share BSE Sensex traded in a range of 16,215.74-16,044.77, before closing at 16,183.55, up 59.88 points or 0.37 pc over previous close.

The 50-share NSE Nifty was up just 0.19 pc or 9 points, to settle at 4814.25, after trading in a range of 4825.05-4783.50.
4:24 PM

Mkts choppy; Infy, L&T, TCS dip

At 01.08 pm, the Nifty was choppy in trade and was hovering around the 4800 mark. Buying was seen in oil & gas and metals stocks while selling pressure was seen in IT, realty, auto and FMCG stocks.

Infosys, ICICI Bank, L&T, TCS and DLF were the negative contributors to the bourses. However, Reliance, HDFC Bank, BHEL, Cairn India and Hindalco were the gainers.

The Sensex was down 21.93 points or 0.14 pc at 16101.74, and the was Nifty fell 7.20 points or 0.15% at 4798.05.

About 1272 shares advanced, 1574 shares declined, and 349 shares were unchanged.

Top gainers on the Sensex were Reliance at Rs 2,141.55 up 3.20 pc, Hindalco at Rs 118.30 up 3 pc, Tata Steel at Rs 461.50 up 1.17 pc, Sterlite Ind at Rs 747.50 up 0.97 pc and Jaiprakash Asso at Rs 235.45 up 0.81 pc.

However, top losers on the Sensex were Bharti Airtel at Rs 411.60 down 2.95 pc, DLF at Rs 425.50 down 2.34 pc, Wipro at Rs 540 down 2.16 pc, Tata Motors at Rs 552.50 down 1.8 pc and TCS at Rs 544.45 down 1.69 pc.
1:59 PM

Mkts positive; Nifty hovering around 4800 mark

At 10:53 am, the Nifty was consolidating at current levels and was hovering around the 4800 mark. The broader indices were outperforming the benchmark indices.

Rise in crude prices above USD 71 a barrel was helping the oil & gas exploration companies' shares. RIL continued its rally and was up 2 pc. ONGC was up 0.6 pc and Cairn up 1.75 pc.

Metals also maintained their gains; Sterlite Industries, Tata Steel and SAIL were up 0.7-1.7 pc. Nalco and Hindalco gained 2.8 pc each.

BHEL, Maruti, Reliance Communication, Hero Honda, ACC, Unitech, HDFC Bank, ICICI Bank, Axis Bank were the other gainers. However, selling continued in FMCG, technology, pharma, power and oil marketing companies' shares. L&T, DLF, Bharti, HDFC, Tata Motors and Grasim were the other losers.

The Sensex was up 39 points, to 16,161 and the Nifty rose 6.5 points, to 4,811. The broader indices were up 0.5-1%. About 1609 shares advanced while 1201 shares declined on the BSE. Nearly 385 shares were unchanged.
11:55 AM

Mkts volatile; Sensex down by 18 pts

The Sensex retreated marginally in the early trade but immediately managed to bounce back. It was trading with marginal gains amid volatility.

Metal and select technology stocks were the gainers while select power, realty and FMCG stocks were under pressure.

At 9:57 am, the Sensex was down 18 points, to 16,105 and the Nifty was down 7 points, to 4,798. The CNX Midcap fell 7 points, to 6,207 while the BSE Smallcap was up 14 points, to 7,193.

Among the frontliners, BPCL, Tata Motors, Power Grid, Grasim, GAIL, Hero Honda, Tata Power, Unitech, ITC, HDFC and Reliance Communication were the losers.

However, BHEL, Cairn, Sterlite, Nalco, HCL Tech, SAIL, Hindalco, ONGC, M&M, Tata Steel and Infosys were the gainers.

In Midcap space, TV Today was up 2.5 pc and Advanta up 4.4 pc. Usha Martin was up 7.5 pc. Bharati Shipyard rose 3 pc and Uttam Galva up 5 pc.
10:18 AM

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