Markets end strong but off day's high

The markets opened with impressive gap up today on the back of good amount buying seen in the realty, IT, capital goods and metal space coupled with favourable cues from the global markets. Sensex and Nifty traded extremely strong in the first half of trade but could not maintain its gains and gave up gains on account of some profit booking seen in the FMCG, metals and pharma stocks at higher levels and finally shut shop with significant gains.

BSE smallcaps and midcaps were also very strong in todays trade and the market breadth was also positive with advance decline ratio of 6:1. Volume was relatively muted today.

Sensex ended up 417.74 points or 2.29% at 18660.32, and the Nifty was up 146.25 points or 2.75% at 5463.50. On BSE, about 2325 shares advanced, 635 shares declined, and 47 shares remained unchanged. BSE Smallcap ended up 2.87% at 10361.78. BSE midcap was up 3.14% at 8004.91.  

BSE auto index ended up 2.05% at 5107.70. Ashok Leyland, Hero Honda and Escorts were the top gainers in auto space.  

BSE bankex was up 2.03% at 11110.91. Oriental bank, Union bank, IOB and Canara bank were few top performers.

BSE capital good index ended up 2.21% at 16797.31. Triveni Eng, ABB, Greaves Cotton were the top gainers.

BSE FMCG index closed up 0.87% at 2244.44. Brittania, Glaxosmith, Dabur India and Bata India were top gainers.   

BSE pharma index ended up 1.77% at 3707.06. GSK, Orchid Chemicals, Ranbaxy labs were top gainers.

BSE IT index was up 4.15% at 4097.61. Mphasis, Tech mahindra, Wipro and top gainers.

BSE metal index was up 3.32% at 16438.19. JSW Steel, Sesa Goa, mah Seamless were the top gainers.

BSE oil & gas index was up 2.45% at 11293.36. BPCL, IOC, HPCL and Petronet LNG were the top gainers.

BSE power index closed up 2.58% at 3890.57. CESC, ABB and GMR Infra were the top gainers.

BSE realty index closed with hefty gains of 6.53% at 10513.46. Puravankara Projects, DLF and Sobha Developers were the top gainers.

Markets snapshot:

• Markets end the day on strong note led by realty and tech stocks
• Sensex ends up 418 pts at 18660; NIfty up 146.2 pts at 5463.5
• CNX Midcap Index up 3.35%, BSE Small cap Index up 2.9%
• BSE Realty Index up 6.5%; DLF up 8.7%, Unitech up 5.8%, Purvanakara up 11.8%
• BSE IT Index up 4.15%; Rolta up 23%, MphasiS up 11%, Wipro up 5.5%, TCS up 5%, Satyam up 3.8%
• Index Gainers; Rel Comm up 12.2% on reports of Reliance Infratel filing for IPO
• Oil Marketing Companies buzz at the news that cabinet may hike fuel prices; BPCL up 12%, IOCL up 6.6%, HPCL up 4.5%,
• Other Index Gainers: ABB up 6.6%, Hero Honda up 5.5%, GSK Pharma up 5.5%, Tata Power up 4.8%
• Non Index Gainers: Rolta up 23%, Indraprastha Gas up 15%, Educomp up 15%, BGR Energy up 14.3%, EIH up 13.2%, Balrampur up 13.1%, Future Cap up 12.7%, Purvankara up 11.8%, JSW Steel up 11.3%
• Non Index Losers: Guj NRE Coke down 4.4%, Asian Elec down 4.3%, Thomas Cook down 2.1%
• NSE Advance Decline is 6:1
• Total Turnover at Rs 59,672 Cr

F&O snapshot:

• Nifty Futures accounts for approx 45% of Total F&O turnover
• Nifty futures ends at 15 pts premium; swings between 5-20 point premium
• Market rallies on the back of low volumes
• Initial Short covering gives way to long buildup in stock futures
• Selective stock futures see substantial long buildup
• Mid Cap Banks see OI buildup
• Out of the money 5500, 5600 & 5700 call options seen most active