Mkts end with moderate gains; realty, power stocks up

The markets opened with modest gap up today and traded flat for most part of the day. Sensex and Nifty picked up some momentum in late trade on the back of some short covering before F&O settlement this week and ended with over 1% gain on Nifty and nearly 1% gain on Sensex. It was a day consolidation as not much excitement was witnessed despite favourable cues from the global markets coupled with yet another profitable and forward looking Railway budget 2008-09.

It was more of stocks specific day for the markets. Broader markets outperformed the benchmark indices today. Realty, power, metal, apital good and IT stocks traded firm today, however all the key BSE indices traded in green through the day.  

Sensex ended up 155.62 points or 0.88% at 17806.19, and the Nifty was up 69.35 points or 1.33% at 5270.05. About 1749 shares have advanced, 1207 shares declined, and 79 shares are unchanged. BSE midcap ended up 1.27% at 7690.86 and Smallcap was up 1.28% at 9648.49.

BSE auto index ended up 0.54% at 4746.46. Bharat Forge, TVS Motors and Cummins were the major gainers.

BSE bankex was up 0.75% at 10189.48. Bank of India, HDFC Bank and Karnatak Bank were the top gainers in this space.

BSE capital goods index closed up 2.05% at 16124.36. Astra Microwaves, Suzlon Energy and Thermax were the top losers.

BSE FMCG index ended up 0.49% at 2250.79. Godrej Consumer, Glaxo Smith Con and Bata India were major gainers.  

BSE IT index closed up 1.76% at 4062.67. HCL Tech, i-Flex Solution and Infosys were top fliers in the IT space.

BSE metal index ended up 1.64% at 16801.01. In the metal segment, the top gainers were NALCO, Jindal Stainles and Guj NRE Coke.

BSE power index closed up 2.65% at 3706.80. Suzlon Energy, Reliance Energy and BHEL were top gainers.

BSE realty index ended up 2.53% at 10016.49. Indiabulls Realestate, Omaxe and Unitech were the top gainers in realty space.

Global cues and railway budget boost positive sentiment to the market

Market clocks highest turnover of the month for 2nd consecutive day

Sensex up 156 pts at 17806; Nifty up 69 pts at 5270

CNX Midcap Index up 1.5%, BSE Small cap Index up 1.3%

All BSE sectoral indices end in green

BSE Realty Index up 2.5%; Unitech 2.3%

BSE Capital Goods Index up 2.1%; BHEL up 4.5%, L&T up 1.2%, Suzlon up 6%, REL up 4.8%

BSE IT Index up 1.8%; HCL Tech up 4.7%, Infosys up 3%

BSE Metals Index up 1.6%; Nalco up 7.3%, Sterlite up 3.9%, SAIL up 3%

BSE Oil & Gas Index up 1.4%; Cairn up 6%, BPCL up 5.1, HPCL up 4.8%, IOCL up 4.6%

Railway Budget Effect:

Gateway Dist up 6%, Zicom up 5%, Bartronics up 9%, Nitin Fire up 6.2%, HPCL up 4.8%, BPCL up 6.1%, IOCL up 4.7%, Jindal Stainless up 7%, SAIL up 3%, MIC Electronics up 7.1%

Other Index Gainers:

Grasim up 4.8%, Tata Comm up 3.9%, HDFC Bank up 2.3%, GSK Pharma up 2.3%

Non Index Gainers:

Indianbulls Real up 10.6%, Navneet Publications up 9.2%, Nagarjuna Cons up 7.5%, Shree Renuka up 7.5%, GTC Ind up 7.2%, DCB up 7.1%, Lanco Infra up 6.6%

Non Index Losers:

Bk of Mah down 6.9%, Shriram EPC down 5.2%, Jyoti Structures down 4.2%, Dhampur Sugar down 3.9%, Bang Overseas down 3.9%, Deccan Chron down 3.5%

NSE Advance Decline is 5:2

Total Turnover at Rs 72,389 Cr Vs Rs 68,651 Cr on Friday

Nifty rollover at 46%; Marketwide rollover at 45%

Rollover and turnover pick up on the back of stable trade

Select Large Caps see Short Rollovers

Textiles, cement stocks continue to see the strongest rollovers

Energy, Pharma stocks see rollovers pick up

Nifty March ends day at a 38 point discount