Mkts ended on a resounding note

Posted By: Devaki
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Mumbai,May27:   At 16:30 hrs The 30-share BSE Sensex closed at 16,666.40, up 278.56 points or 1.7% and the 50-share NSE Nifty rose 85.70 points or 1.74% to settle at 5,003.10. The benchmark Nifty showed magnificent recovery in last two days and closed above 5,000 mark on May expiry day, led by strong global cues and buying in heavyweights.

Global cues led the support today's as well. European markets rallied 2-2.4% at the time of closing of Indian equities . Asian markets closed 1-1.6% higher.

In May series, the markets crashed 5% each. Metal, realty and banking companies' shares fell the most; respective indices lost 18%, 12.5% and 5.8%.

In commodities, crude oil prices rallied 2.7% to USD 73 a barrel on the NYMEX.

All BSE sectoral indices ended in positive terrain today. The BSE Bank, Auto and Oil & Gas rallied 2-2.5%. Realty, Capital Goods, FMCG, Power and Metal indices gained 1.4-1.7%.

16:30 PM

Mkts continue with the good work

Mumbai,May 27: At 14:00 hrs The BSE Sensex was trading at 16548, up 161 points and the Nifty was at 4964, up 46 points.The 50-share Nifty was holding the 4950 level on expiry day, tracking positive Asian and European cues. Asian markets closed 1-1.6% higher and European markets were trading 0.6-1.1% higher.

Consistent buying interest in oil & gas, FMCG, capital goods, realty, auto and select financial companies' shares was quite supportive to benchmarks. However, selling in few stocks like NTPC, Power Grid, Bharti, IDFC, Hero Honda, Hindalco, HCL Tech, Cipla, Suzlon and Reliance Capital capped the gains to some extent.

Top gainers - Sterlite Industries was trading at Rs 646.55, up 4.54%; ONGC was at Rs 1,114, up 3.58%; M&M was at Rs 535.60, up 3.11%; Tata Motors was at Rs 730.90, up 3.05%; Reliance Communications was at Rs 138.50, up 2.59%; ABB was at Rs 861.90, up 3.69% and Sun Pharma was at Rs 1,623, up 3.42%.

14:00 PM

Mkts moves ahead cautiously among Volatility

Mumbai, May 27: AT 12:30 hrs The Sensex was trading at 16488, up 100 points and the Nifty was 4942, up 25 points.The 50-share Nifty was trading in a narrow range of 4925-4945 with positive bias. Asian markets, which gained 0.75-1.6%, were helping Indian indices.

However, the benchmarks continued to see volatility ahead of expiry today May27.

Shares of capital goods, FMCG, oil & gas, auto and realty companies were on the buyers' radar. ONGC and Sterlite Industries were leading counters on the Nifty, gained 3.6% and 4.3%, respectively.

However, Bharti Airtel, Hindalco, ICICI Bank, Power Grid, Infosys, Jaiprakash Associates, IDFC, Reliance Power, Jindal Steel, Reliance Infrastructure, Tata Steel, Reliance Capital, Suzlon Energy and Idea were the losers.

12:30 PM

Nifty opens on a flat note: Mkt volatile

Mumbai, May 27: Nifty began the day on a flat note along with a mild unpredictability. At 9:45 hrs, BSE Sensex was 16,425.25 up 37.41 points and NSE Nifty was 4924.50 up 7.10 points.

Asian markets looked combined in the nature. It is the day of F&O expiry for May series and so markets were into an amalgamation phase.

The BSE Smallcap Index surged 16 points to 8330. 312 shares advanced while 375 shares declined on the NSE.

ICICI Bank, GAIL, TCS, Reliance Infrastructure, Unitech, Ambuja Cements, Hindalco, Suzlon Energy, Infosys, Reliance Industries, Jaiprakash Associates and IDFC were going down, among the largecaps. Tata Steel was down 1.8 percent.

Sterlite Industries, Sun Pharma, HUL, Cairn (ahead of numbers), ONGC and BHEL were in the green side.

Among the Broader Indices, Adani Enterprises tumbled 6 percent and Everest Kanto plunged 2.7 percent. Piramal Healthcare,

Aban, Gujarat NRE Coke and Educomp Solutions were down 1.5percent each. Godrej Industries gained 3.8 percent, Appolo Tyres gained 2 percent and Hexaware was up 4 percent.

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