Mkts end +ve; broader indices outperform
Mumbai, Jan 5: Led by buying in metal, telecom, banking, realty and private power companies' shares, the markets saw uptrend throughout the session.
BSE Sensex rallied for the third consecutive day to end at 17,686.24, up 127.51 points, while NSE Nifty shut shop at 5277.90, up by 45.70 points.
The broader indices continued to outperform the benchmark indices in the day's trade.
Good
global
cues
were
also
an
important
factor
which
helped
the
markets
open
and
close
higher.
4:
05
PM
Buying keeps mkts on +ve side; Sensex up 117 pts
Buying continued to support the markets and the benchmarks' uptrend. Sensex gained about 100 points on buying in metal, realty, telecom, select power and banking companies' shares.
Selling in select stocks like NTPC, Maruti, Tata Motors, TCS, Cipla, BPCL, HUL and Infosys marginally capped the gains.
At 2: 11 pm, Sensex was trading at 17,676, up 117 points and the Nifty was at 5,273, up 41 points. Among the broader indices, the BSE Midcap Index gained 1.3 per cent and the Smallcap rose 0.9 per cent.
Among the largecaps, the top gainers were Hindalco up 8 per cent, Jaiprakash Associates up 5.85 per cent, Cairn India up 5.7 per cent and Sterlite Industries up 4.7 per cent.
Grasim, M&M and IDFC gained 2.5 to 3.5 per cent.
Bhagwati Banquet, Minda Industries and Essar Securities locked at 20 per cent upper circuit, Enso Secutrack, NALCO, Rajvir Industries and Kaushalya Infra up 16 to 19.8 per cent were the top percentage gainers.
Among the midcaps, Tata Tea, Shipping Corp, OnMobile Global, Bannariamman and Gujarat NRE Coke rose 5 to 8.7 per cent while Sunteck Realty, Blue Dart, Videocon Industries, Torrent Pharma and Wyeth dipped 2 to 5 per cent.
The
smallcap
gainers
were
GSFC,
Aditya
Birla,
Ruchinfra,
SREI
Infra
and
Hind
National
Glass,
up
8
to
10
per
cent.
Money
Matters,
SpiceJet,
Manaksia,
Energy
Development
and
Sarda
Energy
slipped
3.7
to
7.5
per
cent.
2:
50
PM
Mkts continue +ve; metal, realty, power stocks up
Failing to break the 5300 mark, Nifty was hovering around 5275 mark with less than 1 per cent rise.
At 12: 38, Sensex was up 123.03 points or 0.70 per cent at 17681.76, and the Nifty up 41.35 points or 0.79 per cent at 5273.55.
BSE Midcap rose 1. 24 per cent and Smallcap index was up 0.89 per cent.
Metal, realty, banks and power stocks witnessed heavy buying and all BSE sectoral indices were in green.
However, IT stocks were slightly weak in today's trade.
Commodity stocks continued to be the top gainers in the Sensex.
Hindalco shot up 6 per cent, followed by Jaiprakash Associates, Sterlite Inds, Grasim and Tata Steel up 2 to 4 per cent.
Maruti Suzuki, Tata Motors, NTPC, TCS and Reliance Industries were on the losing side, down by 0.5 to 1.5 per cent.
Gaining 5 to 8 per cent, OnMobile Global, Tata Tea, Bannariamman, Shipping Corp and Gujarat NRE Coke were the top gainers on the Midcaps.
However, Videocon Industries, Godfrey Phillips, REI Six Ten, Indian Hotels and EIH were down 1.5 to 3 per cent.
Aditya
Birla
Money,
Ruchinfra,
JK
Cement,
GSFC
and
Kolte-Patil
gained
6
to
10
per
cent
on
the
smallcap,
while
Money
Matters,
Manaksia,
SpiceJet,
Energy
Dev
and
VST
Tillers
dipped
3
to
5
per
cent.
1:
35
PM
Nifty continues uptrend on buying across sectors
Riding on buying interest across sectors, Nifty continued the uptrend and tried to inch towards 5300 mark. Up by over 1 per cent each, the broader indices were outperforming the benchmarks.
Metal, realty, oil & gas exploration, pharma and banking stocks were the major gainers. BPCL and HUL were the only losers among the largecaps.
At 10: 23 am, BSE Sensex was trading at 17,717, up 159 points and the Nifty was at 5,282, up 50 points.
Reliance Industries rose 0.9 per cent, ONGC was up 0.64 per cent, Cairn India gained 2.7 per cent in the oil and gas space while SAIL, Sterlite Industries, Jindal Steel, Tata Steel and Hindalco rose 1.5 to 5.4 per cent, in the metal space.
In realty, DLF and Unitech went up over 2 per cent.
In the banking arena, ICICI Bank, PNB and HDFC Bank moved up 0.9 per cent each. Axis Bank gained 2.2 per cent and SBI was up 0.25 per cent. HDFC was up 1 per cent.
Among the midcaps, OnMobile Global, Essar Shipping, Gujarat NRE Coke, United Breweries and Carborundum gained 5 to 8 per cent while Videocon Industries, Atlas Copco, Indian Hotels, HSBC Invest and Blue Star fell 0.9 to 1.7 per cent.
In the smallcap arena, Aditya Birla was locked at 10 per cent upper circuit.
Ruchinfra,
JK
Cement,
Kolte-Patil
and
eClerx
Services
rose
7.8
to
10
per
cent
while
Money
Matters,
Manaksia,
Maharashtra
Ele,
Escorts
and
OM
Metals
Infra
fell
3
to
6.5
per
cent.
11:
40
AM
Mkts open strong and continue rally on +ve cues
Gaining on strong global cues, Sensex opened on a positive note and continued its rally for third consecutive session.
At 9:00 am, BSE Sensex was at 17,722, up 163 points and NSE Nifty was trading at 5,279, up 47 points. The CNX MIdcap was at 7,598, up 69 points.
Riding on back of the rally in commodities, commodity related stocks were trading higher. Banking, cement and realty stocks were also up.
Sterlite Industries, Hindalco, Tata Steel, Ambuja Cements, ACC, Cairn India, ICICI Bank, Unitech, Reliance Industries, Sun Pharma, M&M, Tata Motors, Jaiprakash Associates, Suzlon Energy and HDFC were the frontline gainers.
In the Midcap and Smallcap arena, Prism Cement gained 5 per cent, while Binani Cement and Shree Cement were up over 1 per cent.
Rana
Sugar
and
Sakthi
Sugar
shot
up
5
per
cent
each.
RCF
surged
5
per
cent
and
Chambal
Fertiliser
was
up
0.5
per
cent.
9:
38
AM
OneIndia News