Mkts end flat; RIL, ICICI shine

Posted By: Staff
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Mumbai, Apr 7: Sensex closed on a flat note after reclaiming the opening mark of 18,000. The markets hovered around the closing value after trading positive in the first half of the trade.

The Sensex ended at 17970, up 28 points and the Nifty closed at 5372, up 6.5 points

Buying were witnessed in cement, telecom, select power and auto companies' shares. Other gainers were Reliance Industries, GAIL, ITC, BHEL, Siemens, TCS and DLF.

However, selling were witnessed in banking & financial, pharma and metal companies' shares. On the losing side HUL, Infosys, L&T, M&M, ABB and BPCL.

The most active shares were the recently listed companies like ARSS Infra, Jubilant Foodworks (rallied 17%) and Persistent Systems. Axis Bank, Reliance Industries and ICICI Bank were among the most active shares.

Top percentage gainers - Hipolin, DCM and MCS up 20pceach. Kisan Mouldings, Singer India, Aegis Logistics, Uniphos Enterprise and Samtel Color shot up 16 to 19.5pc.

Among the midcaps, Apollo Tyres, Pipavav Shipyard, HSBC Invest, Central Bank and Indiabulls Financial gained 7 to 11pc. However Jain Irrigation, Gujarat Industries Power, HCL Info, Wockhardt and Rajesh Exports dipped 2.5 to 3pc.

Among the smallcaps, Ballarpur Industries (BILT) rallied 13.53pc. Avantha official said might list Sabah's Dutch Holding Company in SE Asia or London. BILT has 80pc stake in Dutch Holding co that owns Sabah.

Datamatics Global, Shriram EPC and Gulf Oil Corp shot up 11 to 13pc while Graviss Hospital, Essel Propack, Jindal Worldwide, Richa Ind and Shree Ram Urban tanked 4.7 to 6pc.

4:20 PM

Sensex up 61pts; Idea Cellular up 6pc

After trading marginally higher, Nifty was lacklustre in trade. The indices were trading at 52-week high amidst positive bias.

At 12.51 pm, Sensex was up 61.91 points or 0.35pc at 18003.28, and the Nifty was up 18.85 points or 0.35pc at 5384.85.

Oil&Gas, realty, auto and power stocks witnessed buying, while selling was witnessed FMCG and IT stocks.

Among the largecaps, Idea Cellular became the top gainer with close to 6pc gain. The other gainers were GAIL, Ambuja Cements, IDFC and ACC up 2 to 3.5pc.

Hindustan Lever was trading at Rs 226.45 declined 1.46pc from its previous close of Rs 229.80. Index heavyweight Reliance was trading at Rs 1,140.35 up 1.71pc from its previous close of Rs 1,121.15.

Tech major Infosys was trading at Rs 2,639.50 dipped 0.38pc from its previous close of Rs 2,649.50. Cigarette major ITC was trading at Rs 264.50 tanked 0.56pc from its previous close of Rs 266.00. Refinery major HPCL was trading at Rs 308.40 up 0.36pc from its previous close of Rs 307.30.

Top gainers on the BSE Midcap: HSBC Invest, Essar Shipping, Thomas Cook, Central Bank and REI Six Ten moved up 5.5 to 7.5pc.

Top losers on the BSE Midcap: Guj Ind Power, Rajesh Exports, Jain Irrigation, Shriram City and MVL slipped 2 to 2.5pc.

Top gainers on the BSE Smallcap: Aegis Logistics, Ballarpur Ind, Gulf Oil Corp, Artson Eng and Unity Infraproj surged 7 to 17pc.

Top losers on the BSE Smallcap: Richa Industries, JMD Telefilms, OCL Iron, Vipul and Kolte-Patil tanked 3 to 5pc.

2:05 PM

Nifty northbound; Jubilant Foodworks shines

Benchmark Nifty was trading marginally higher supported by buying in telecom, power, realty, metal, auto, cement and banking companies' shares.

At 10:27 am, Sensex after hitting the 18000 mark in the opening trade was now trading at 17985, up 43 points and the Nifty was at 5381, up 16 points.

Top gainers on Nifty were GAIL, IDFC and Idea Cellular, rallying at 2.5 to 3pc, while ITC, Sun Pharma, HDFC, TCS, SAIL, Infosys, Wipro, HUL, HCL Tech and PNB were on the losing side.

Broader indices outperformed the benchmark indices up 1 pc each.

The most active shares on the bourses were the recently listed companies like Jubilant Foodworks, rallied 15pc, ARSS Infra up just 1.3pc, Persistent Systems slipped just 1pc.

Among the midcaps, the gainers were Central Bank, Essar Shipping, HSBC Invest, Indiabulls Financial and Godrej Consumer up 4.6 to 6pc. However, Jain Irrigation, MVL, AstraZeneca, Gujarat Industries Power and Cadila Health dipped 1 to 2pc.

Among the smallcaps, Delta Corp, Apar Industries, Jolly Boards, Sical Logistics and Force Motors moved up 6 to 8pc, while Foundries, Suashish Diamond, Kirloskar Ferro, Kolte-Patil and Richa Ind tanked 2 to 3.7pc.

11:40 AM

Sensex at 18,000; Tata Power, ICICI up

Benchmark Sensex touched the 18,000-mark in opening trade for the first time since Feb 27, 2008. But the index retraced from that level immediately.

At 9:01 hours IST, the Nifty was trading at 5,374, up 8.5 points and the Sensex was at 17,971, up 30 points.

Among the frontliners, buying interest were seen in IDFC, Tata Power, ICICI Bank (above Rs 1000 mark), M&M, Power Grid and Siemens.

However, losers in the opening trade were Infosys, Wipro, TCS and HCL Tech, SAIL and L&T

Midcap & Smallcap Space:

Godrej Consumer Products rallied 7pc as the company acquired Indonesian Company Megasari group for Rs 1200 crore.

Spicejet stock gained 1.6pc. Spicejet refuted claims that it was in coversation with Religare Voyages,

Mercator Lines, Pipavav Shipyard shot up 1pc each.

Indiabulls Power, IRB Infrastructure, ARSS Infra and GVK Power surged 1 to 3pc.

Shasun Chemical went up 5pc.

Global cues:

Asian markets were trading marginally higher. Opening after four days break, Hang Seng was up 1.3pc. Nikkei and Straits Times moved up 0.4pc each. Kospi was flat while Shanghai dipped 0.3pc.

9:30 AM

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