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Mkt closes with handsome gains: Bank, CG, oil up
Published on Fri, Jan 04 at 09:57 , Updated at Mon, Jan 07 at 10:11
Source : moneycontrol.com
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The markets ended with handome gains outperforming its peers. Oil, bank, capital goods and metal stocks ended higher helping markets close up. The rise comes in despite mixed cues from peers. Today Asia ended mixed with Nikkei down over 4% on account of yen appreciation.
Since the new year the markets have outperformed global peers. There has been underperformance in US on account of gloomy future outlook and alco crude has crossed the USD 100 mark.
Oil & gas majors Reliance and ONGC were among the top gainers. Other refinery stocks like RPL and Cairn India are trading firm Stocks from metal, power and capital good space are also trading in green.
However, IT stocks continue to languish at the lower levels. Midcaps have marginally outperformed the frontline indices giving markets healthy breadth.
Among the top Sensex gainers were ICICI Bank followed by L&T, Reliance Communication and Reliance. Sterlite Ind, Reliance Petro and Cairn India , ONGC were among the other frontline gainers.
IT stocks were trading weak with Infosys, TCS, Wipro were among the top losers on the indices.
Auto stocks Maruti Suzuki and M&M were trading weak. The other losers were Ambuja Cements, Zee Entertainment, ABB and NTPC.
On a weekly basis, Sensex is up 2.3% and Nifty up 3%.
Sensex closed up 341.69 points or 1.68% at 20686.89, and the Nifty up 95.75 points or 1.55% at 6274.30. About 1501 shares have advanced, 1410 shares declined, and 23 shares are unchanged. The BSE Midcap Index ended at 10,113.06 up 0.6%.The BSE Smallcap Index ended flat at 13,884.11.
The BSE Bankex was up 2% at 11,905.06. Centurion Bank, ICICI Bank, Kotak Mahindra, Axis Bank, Union Bank in green.
The BSE Capital Goods Index closed at 20,029.24 up 2.6%. Gammon India, Praj Industries, Jyoti Structure, Areva T&D, Reliance Infra closed higher.
The BSE Auto Index closed at 5,687.65 down 0.7%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed lower.
The BSE Metal Index closed at 20,297.51 up 1.5%. Sterlite Ind, Hindalco, Shree Precoated, Mah Seamless, Hind Zinc closed higher
The BSE FMCG Index closed up 2% at 2,424.39. Colgate, HUL, Tata Tea, Dabur India, ITC ended higher
BSE Oil and Gas Index closed at 13,917.04 up 2.3%. Reliance Petro, Reliance Natura, ONGC, Reliance ended higher.
The BSE IT Index was at 4,319.14 down 1%. I-Flex Solution, Financial Tech, Satyam, Tech Mahindra, Infosys closed lower.
The NSE cash turnover was at Rs 23648.56 crore and the NSE F&O turnover was at Rs 67181.45 crore. The BSE cash turnover was Rs 10981.60 crore. Total market wide turnover was at Rs 101811.61 crore.
Mkt trades with hefty gains: Bank, oil & gas, metal up
The markets are trading with hefty gains on sustained buying seen in scrips across sectors. Barring the IT index all BSE sectors are trading in green. Broader markets are trading firm inline with the benchmark indices. The cues from Asia were mixed with Nikkei closing deep in red down over 4% followed by Taiwan down over 1%. Europe has also opened mixed
Oil & gas majors Reliance and ONGC are among the top gainers. Other refinery stocks like RPL and Cairn India are trading firm Stocks from metal, power and capital good space are also trading in green.
However, IT stocks continue to languish at the loer levels. Midcaps have marginally outperformed the frontline indices giving markets healthy breadth. At 13.52 hrs IST, the Sensex is up 256.45 points or 1.26% at 20601.65, and the Nifty up 84.25 points or 1.36% at 6262.80. About 1751 shares have advanced, 1156 shares declined, and 25 shares are unchanged. BSE oil & gas index is up over 2% followed by and meatl indices up nearly 2%. Among the top Sensex gainers were ICICI Bank is up 3.8% followed by Reliance Communication up 3.5% and Reliance up nearly 3%. Sterlite Ind was up over 5%, Reliance Petro up over 4% and Cairn India up nearly 4%, ONGC is up nearly 2.5% were among the other frontline gainers.
IT stocks are trading weak with Infosys, TCS, Wipro were among the top losers on the indices down over 0.5% each.
Auto stocks Maruti Suzuki and M&M are trading weak down over 1% each.
The other losers were Ambuja Cements, Zee Entertainment, ABB and NTPC were among the top gainers.
Reliance, Reliance Petro, RNRL, BGR Energy are among the most active stocks on the indices.
Punjab Tractors is on a roll up over 34%. Burnpur Cement is up 17% after yesrerday's 300% followed by RNRL, Power Grid, Andhra Bank and Hind Motors .
Mkt trades higher: Oil & gas, metal up; IT down
The markets are trading at the higher level with steady gains on sustained buying seen in scrips across sectors. Barring the IT index all BSE sectors are trading in green. Broader markets are trading firm inline with the benchmark indices. The cues from Asia were mixed with Nikkei closing deep in red down over 4% followed by Taiwan down over 1%.
Oil & gas majors Reliance and ONGC are among the top gainers. Other refinery stocks like RPL and Cairn India are trading firm Stocks from metal, power and capital good space are also trading in green.
However, IT stocks continue to languish at the loer levels. Midcaps have marginally outperformed the frontline indices giving markets healthy breadth. At 12.30 hrs IST, the Sensex is up 199.84 points or 0.98% at 20545.04, and the Nifty up 79.00 points or 1.28% at 6257.55. About 1831 shares have advanced, 1063 shares declined, and 36 shares are unchanged. BSE Midcap index is up 1.1% and smallcap index is up 0.7%.
Sterlite Ind is up over 5%, Reliance Petro up over 4% and Cairn Idia up nearly 4%, Reliance Ind is up over 3%, ONGC is up nearly 2.5% were among the major frontline gainers.
IT stocks are trading weak with Infosys, TCS, Wipro were among the top losers on the indices down over 0.5% each.
Auto stocks Maruti Suzuki and M&M are trading weak down over 1% each.
The other losers were Ambuja Cements, Zee Entertainment, ABB and NTPC were among the top gainers.
Reliance, Reliance Petro, RNRL, BGR Energy are among the most active stocks on the indices.
Burnpur Cement is up 17% after yesrerday's 300% followed by RNRL, Power Grid, Andhra Bank and Hind Motors .
Mkt trades firm: Rel, ONGC, DLF, Sterlite Ind gain
The markets have gained more strength and moved upwards as largecaps are doing well in today's session. Oil & gas majors Reliance and ONGC are among the top gainers. Other refinery stocks like RPL and Cairn India are trading firm Stocks from metal, power and capital good space are also trading in green.
However, IT stocks continue to languish at the loer levels. Midcaps have marginally outperformed the frontline indices giving markets healthy breadth. At 11.22, the Sensex is up 210.94 points or 1.04% at 20556.14, and the Nifty up 84.45 points or 1.37% at 6263.00. About 2112 shares have advanced, 771 shares declined, and 42 shares are unchanged. BSE Midcap index is up 1.3% and smallcap index is up 1.1%.
Sterlite Ind is up over 5%, Reliance Petro up over 4% and Cairn Idia up nearly 4%, Reliance Ind is up over 3%, ONGC is up nearly 2.5% were among the major frontline gainers.
IT stocks are trading weak with Infosys, TCS, Wipro were among the top losers on the indices down over 0.5% each. Th eother losers were Ambuja Cements, Zee Entertainment, ABB and NTPC were among the top gainers.
Reliance, Reliance Petro, RNRL, BGR Energy are among the most active stocks on the indices.
Burnpur Cement is up 17% after yesrerday's 300% followed by RNRL, Power Grid, Andhra Bank and Hind Motors .
Market opens strong: Midcaps, power, oil up
The market opened strong on the back of some positive cues from Asia barring Nikkei. Broader markets continue to outperform the frontline indices and the CNX Midcap index is up over 1%. Power and oil & gas stocks continue to trade higher.
At 10:00 am, Sensex was up around 155 points at 20500 and Nifty was up 53 points above 6200 mark at 6232.
Among the major gainers were M&M, ICICI Bk, NTPC, BPCL, SBI, Reliance Energy, RPL, SAIL, Reliance, Tata Motors, Infosys, L&T, BHEL, Cairn, Tata Power, GSK, PNB.
Burnpur Cement is up 17% after yesrerday's 300% followed by RNRL, Power Grid, Andhra Bank and Hind Motors .
The top laggard was Dr Reddy's. US markets ended mixed. The Dow Jones industrial average was up 12.76 points, or 0.10%, to 13,056.72. The Standard & Poor's 500 index was unchanged at 1,447.17, and the Nasdaq composite index dropped 6.95 points, or 0.27%, to 2,602.68. Asian markets were trading mixed. Japan's Nikkei faces its worst New Year opening; slipped 4.03% or 616.37 points trading at 14,691.41on Yen strengthening beyond 109 level and after new year holidays session. South Korea's Seoul Composite was down 0.62% or 11.10 points at 1,841.33. However, Hong Kong's Hang Seng gained 2.5%. Market cues:
F&O cues:
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