Market closes higher; metal, auto, cap goods outperform
Market closes higher; metal, auto, cap goods outperform
The markets ended higher after some initial hiccups shrugging off any political concerns and uncertainties.

Mumbai: The markets ended higher after some initial hiccups shrugging off any political concerns and uncertainties.

Buying was seen in scripa across sectors. The cues from global peers supported the uptrend. Midcap and smallcap stocks also participated in the rally giving markets healthy breadth.

Metal, auto, capital goods and oil and gas stocks were the out performers. However, selling pressure is seen in select IT, realty and pharma stocks.

BHEL, Tata Motors, Reliance Energy were among the top gainers on Sensex.

JSW Steel, Arvind Mills, SEL Manufacturing, Ashok Leyland were the midcap gainers. Top losers on the indices were Dr Reddy's, Suzlon, HCL Tech, VSNL and HDFC.

Sensex was up 260.89 points or 1.84 per cent at 14424.87, and the Nifty up 75.20 points or 1.83 per cent at 4190.15.

About 1704 shares have advanced, 1251 shares declined, and 56 shares are unchanged. The BSE Midcap Index ended at 6,190.45 up 85 points or 1.4 per cent.

The BSE Smallcap Index ended at 7,522.25 up 98 points or 1.3 per cent. The BSE Bankex closed at 7,315.43 up 1 per cent. Kotak Mahindra, SBI, Union Bank, Bank of India, IOB moved upwards.

The BSE Capital Goods Index was up 2 per cent at 12,622.23. SKF India, Punj Lloyd, BHEL, Areva T&D, Alstom Projects, BEML closed higher.

The BSE Health Care Index was up 1 per cent at 3,424.02. Wyeth, Divis Labs, Orchid Chemical, Ranbaxy Labs, Glenmark closed higher.

The BSE Auto Index closed at 4,569.26 up 2.4 per cent. Tata Motors, Escorts, Apollo Tyres, Cummins, TVS Motor advanced.

The BSE Metal Index closed at 10,276.60 up 3 per cent.

Hindalco, SAIL, NALCO, Sesa Goa, Sterlite Ind advanced higher.

The BSE FMCG Index gained 1 per cent at 1,877.97. Tata Tea, Bata India, United Spirits, Nestle closed higher.

BSE Oil and Gas Index closed at 7,516.68 up 2 per cent. Reliance Petro, ONGC, Essar Oil, Reliance, Petronet LNG ended in green.

The BSE IT Index closed at 4,408.48 up 1 per cent. Satyam, Patni Computer, Mphasis, Wipro closed higher.

The NSE cash turnover was at Rs 8121.82 crore and the NSE F&O turnover was at Rs 43336.32 crore. The BSE cash turnover was Rs 3614.09 crore. Total market wide turnover was at Rs 55072.23 crore.

Original news source

What's your reaction?

Comments

https://rawisda.com/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!