Indian markets had a soft to cautious start with almost flat opening on not so encouraging global cues. Sentiments were bit jittery ahead of announcement of WPI monthly inflationnumbers for Sept. However Nifty traded past the crucial level of 5,100 post announcement of September inflation numbers at 9.72%, which although higher than the comfortable levels wascomparative lower than the figures for August at 9.78%. A brief sell off was witnessed as investors resorted to profit bookingaround 5,110-5,115 levels, however with volatility persisting Nifty bounced back from the lower levels. During the afternoonsession positive openings in European markets coupled with encouraging statement from SEBI head that government needs to relook at current high rate of Securities TransactionTax acted as a booster to the market as Nifty inched upwards to touch the intraday high of 5,141.40 levels. Nifty closed for the day near its high with around 1% gains. Most of the heavyweight counters like Reliance; TCS etc participated in the rally.
IT stocks continued with their uptrend as almost all of them gained handsomely. Nifty component IT stocks closed up around 3%.
At the close, the benchmark 30-share index, BSE Sensex added 198.77 points or 1.18% at 17,082.69 with 19 components registering rise. Meanwhile, the broad based NSE Nifty went up by 54.45 points or 1.07% at 5,132.30 with 34 components registering rise.
Sensex Movers
Sensex Movers
Reliance Industries contributed rise of 43.54 points in the Sensex. It was followed by Tata Consultancy Services (31.55 points), Infosys (28.65 points), I T C (22.66 points) and Bharti Airtel (22.66 points).
However, Tata Steel contributed fall of 10.23 points in the Sensex. It was followed by Larsen & Toubro (7.26 points), Maruti Suzuki India (5.47 points), D L F (3.16 points) and Sterlite Industries (India) (1.56 points).
Major gainers in the 30-share index were Jindal Steel & Power (5.01%), Tata Consultancy Services (4.01%), Wipro (3.98%), Bharti Airtel (3.76%), Bajaj Auto (2.85%), and Tata Motors (2.36%).
On the other hand, Coal India (2.91%), Tata Steel (2.84%), D L F (2.68%), Maruti Suzuki India (2.65%), Larsen & Toubro (0.74%), and Sterlite Industries (India) (0.71%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 0.55% and 0.31% respectively.
The major gainers in the BSE Midcap were A B G Shipyard (2.34%), A2Z Maintenance & Engineering Services (1.48%), Aban Offshore (1.02%), Alstom Projects India (0.68%) and CORE Education and Technologies (0.67%).
The major gainers in the BSE Smallcap were Trident (3.68%), A B G Infralogistics (3.13%), Provogue (India) (1.82%), INEOS ABS (India) (1.54%) and Aarti Industries (0.32%).
The major gainers in the BSE Midcap were A B G Shipyard (2.34%), A2Z Maintenance & Engineering Services (1.48%), Aban Offshore (1.02%), Alstom Projects India (0.68%) and CORE Education and Technologies (0.67%).
The major gainers in the BSE Smallcap were Trident (3.68%), A B G Infralogistics (3.13%), Provogue (India) (1.82%), INEOS ABS (India) (1.54%) and Aarti Industries (0.32%).
Sectors in Limelight
The TECk index was at 3,453.43, up by 87.86 points or by 2.61%. The major gainers were Bharti Airtel (3.76%), OracleFinancial Services Software (1.62%), Mphasis (1.4%), Idea Cellular (1.39%) and Reliance MediaWorks (0.11%).
The IT index was at 5,698.90, up by 145.07 points or by 2.61%. The major gainers were H C L Technologies (3.4%), Infosys (1.83%), Oracle Financial Services Software (1.62%), Mphasis (1.4%) and CORE Education and Technologies (0.67%).
The Oil & Gas index was at 8,859.48, up by 133.66 points or by 1.53%. The major gainers were Essar Oil (3.98%), Cairn India (2.9%), Reliance Industries (2.36%) and Oil & Natural Gas Corporation (0.62%).
On the other hand, the Realty index was at 1,826.68, down by 25.11 points or by 1.36%. The major losers were D L F (2.68%), Indiabulls Real Estate (1.08%), Sunteck Realty (0.51%), Anant Raj Industries (0.39%) and Housing Development and Infrastructure (0.15%).
Market Breadth
Market breadth was negative with 1,462 advances against 1,350 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 978.44 million. It was followed by Reliance Industries (Rs. 849.96 million), Infosys (Rs. 743.82 million) and Coal India (Rs. 572.19 million).
The volume chart was led by G-Tech Info-Training with trades of over 18.69 million shares. It was followed by Wire and Wireless (India) (6.48 million), Nu Tek India (5.65 million) and Spicejet (4.98 million).
No comments:
Post a Comment