Mkts end strong; realty, metal, energy stocks surge

The markets opened with gap up today as the cues from global markets were supportive and traded with substantial gains through the day before closing strong. Most of the beaten down sectors like realty, power, and metals were strong today. FMCG and banking stocks were also in focus.

It was yet another bad day for the broader markets which traded in red for most part of the day along with the IT, pharma and consumer durable spaces. Market breadth was positive in the early trade but slipped as the midcap and smallcap sectors cracked further in second half. On the volume front, it was not very encouraging day.

Sensex ended up 415.71 points or 2.50% at 17023.72, and the Nifty closed up 91.20 points or 1.88% at 4929.45. on BSE, about 900 shares advanced, 2068 shares declined, and 47 shares were unchanged. BSE midcap was up 0.24% at 7075.53 and smallcap was down 1.35% at 9049.70.

BSE auto index was up 1.03% at 4555.07. Hero Honda, Punjab Tractors and Cummins were the top gainers in this space.

BSE bankex was up 2.79% at 10143.07. In the banking space Bank of Baroda, Bank of India and HDFC Bank were the top gainers. 

BSE capital goods index closed up 1.81% at 15141.81. Thermax, Greaves Cotton, Kirloskar Brothers were the top gainers.

BSE FMCG index was up 3.26% at 2100.79. ITC, United Spirits and Godrej Consumer were top gainers.

BSE IT index closed up 0.47% at 3807.89. Satyam, HCL and Patni were the top gainers.

BSE metal index closed up 3.51% at 14774.31. Tata Steel, Jindal Steel and SAIL were top gainers.

BSE oil & gas index was up 2.53% at 10176.98. Essar Oil, Cairn India and Reliance gained maximum.

BSE power index ended up 2.42% at 3448.58. CESC, BHEL and Suzlon Energy were the top gainers.

BSE realty index was up 4.27% at 9428.89. Unitech, HDIL and Ansal Properties were the top gainers in this space.

• Markets end strong but see selling at higher levels
• Nifty ends below its 200 DMA for third consecutive day
• Sensex up 341 points at 16949; Swing about 416 pts in the session
• Nifty up 91 pts at 4929; Swing about 150 pts in the session
• CNX Midcap Index up 0.8%, BSE Small cap Index up 1.3%
• BSE Realty Index up 4.2%; Unitech up 13.7%, DLF up 2.7%
• BSE Metals Index up 3.5%; Tata Steel up 6.7%, SAIL up 6.1%, Sterlite Ind up 4%, Nalco down 3%
• BSE FMCG Index up 3.3%; ITC up 5.8%
• BSE Bank Index up 2.8%; HDFC Bank up 4.3%, ICICI Bank up 3.2%, SBI up 3.2%
• BSE Oil & Gas up 2.5%; Reliance up 2.8%, GAIL up 2.1%, Cairn up 1.9%
• Cords Cable closes at Rs 139.45 Vs listing price of Rs 138; Issue Price at Rs 135
• Other Index Gainers:
• Hero Honda up 7.2%, BHEL up 5.1%, Suzlon up 4.3%, HDFC up 3.9%, Ambuja Cem up 3%
• Other Index Losers:
• Cipla down 3.8%, Wipro down 3.1%, Idea down 2.9%, RCom down 2.9%
• Non Index Gainers:
• Essar Oil up 12.3%, Nagarjuna Cons up 8.6%, Rcap up 7.3%, HOEC up 7.2%, Bank of India up 6.2%, Rolta up 6.1%
• Non-Index Losers:
• JP Associates down 12%, Bajaj Hind down 9.9%, Shree Renuka down 8.1%, Balrampur Chini down 5.6%, PFC down 7.7%, Future Cap down 6.1%,
• NSE Advance Decline is 1:2
• Total Turnover at Rs 56,517 Cr Vs Rs 55,505 Cr

F&O Snapshot: 

• Nifty ends the day flat after initially trading at a discount
• Last hour of trade sees a bout of short covering
• Nifty continues to contribute more than 40% of Total F&O Turnover
• Momentum picks up in F&O space; Volumes remain low
• Select large cap; momentum stocks see long buildup; Cost of Carry increases
• Stocks with short buildup over the last week rally on some short covering

Star Performers:

• Essar Oil: Up 19.7%; Adds 8.13 lakh shares; CoC
• Unitech: Up 13.6%; Adds 11.7 lakh shares
• Reliance Capital: Up 8.9%; Adds 3 lakh shares; positive CoC seen
• Orchid Chem: Up 8.3%; Adds 2.6 lakh shares; Positive CoC seen