Moneycontrol
Apr 29, 2012 12:49 PM IST | Source: Moneycontrol.com

Sensex ends 53 pts up on Sat session, down 1% for the week

The BSE Sensex and NSE Nifty closed higher in a special trading session on Saturday, but fell 1-1.5% for the week. Indices extended gains in a late trade led by banks, auto and metals stocks while the upside was capped due to fall in Reliance Industries, Bharti and Larsen & Toubro.


The BSE Sensex and NSE Nifty closed higher in a special trading session on Saturday, but fell 1-1.5% for the week. Indices extended gains in a late trade led by banks, auto and metals stocks while the upside was capped due to fall in Reliance Industries, Bharti and Larsen & Toubro.


The BSE benchmark rose 53.09 points or 0.31%, to close at 17,187.34. The NSE benchmark closed above the 5200 level after struggling at the same level since Thursday; it went up 18.40 points or 0.35% to 5,209.


Banks led the markets higher today - country's third largest private sector lender Axis Bank jumped 1.5% after reporting a growth of 25% year-on-year in its net profit at Rs 1,277 crore for the January-March quarter 2012, strengthened by higher interest income.


ICICI Bank extended gains, rising 1%; it had rallied over 2% yesterday after better than expected numbers in Q4. HDFC Bank and HDFC were up 0.5% each. Top lender State Bank of India too gained 0.25%.


India's largest car maker Maruti Suzuki climbed 1.3% ahead of quarterly numbers today. Analysts on average expect the company to report a growth of 2.5 times quarter-on-quarter in its net profit of Rs 530 crore for Q4FY12.


Auto companies will announce their monthly sales numbers for April next week; Tata Motors, Hero Motocorp, M&M and Bajaj Auto rose 0.3-1%.


Metal stocks too closed in green - Sterlite Industries shot up 2% while rival Jindal Steel gained 0.8% after fourth quarter numbers.


State-owned ONGC and BHEL too were up 0.8% each. However, index heavyweights Reliance Industries, Tata Consultancy Services, Larsen & Toubro and Bharti Airtel were down just 0.1-0.3%.


In the second line shares, Lanco Infratech, GVK Power and United Phosphorous were up over 3-8%.


Divestment candidates - Hindustan Copper shot up nearly 15% and HMT rallied close to 10% amid very high volumes.


Fertiliser stocks too advanced quite sharply amid heavy volumes. National Fertiliser surged 16% and FACT rose 8% whereas Chambal Fertiliser was up 5%.


However, Viceroy Hotels fell 2% on profit booking; the stock had rallied more than 85% in a month.


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At 12:11 hours IST: Choppy Sensex stays up; private banks gain, RIL, TCS down


The BSE Sensex and NSE Nifty stayed higher amid choppy trade, supported by private banks, FMCG, auto and metals stocks. However, the fall in Reliance Industries, TCS, Infosys, L&T and Bharti Airtel has capped the upside.


In a special trading session today, the BSE benchmark rose 27.26 points or 0.16% to 17,161.51 and the NSE benchmark went up 11 points to 5,201.40.


Private banks continued to gain since yesterday post better than expected March quarter numbers reported by ICICI Bank and Axis Bank yesterday; these stocks went up 0.8% and 1.5%, respectively. HDFC Bank gained 0.55% while rival State Bank of India was flat.


Maruti Suzuki rallied 1% ahead of fourth quarter numbers today. Analysts on average expect the top car maker to report a growth of 2.5 times quarter-on-quarter in its net profit of Rs 530 crore.


Among other, Bajaj Auto, Hero Motocorp and Mahindra & Mahindra were up 0.3-0.6% ahead of auto sales numbers for April that to be announced on next week.


State-owned ONGC and BHEL were up 0.5%. However, TCS, Reliance Industries, L&T, Coal India and Tata Power were down 0.2-0.6%.


At 11:15 hours IST: Sensex, Nifty flat in special trading session; Axis up 2%


The BSE Sensex and NSE Nifty started of trade flat in a special session held by exchanges on Saturday. However, the index gave up some gains due to fall in Reliance Industries and TCS.


The BSE benchmark was up 25 points at 17,159.04 and the NSE benchmark gained 9 points at 5,199.40.


Axis Bank rose over 2% post bettter than expected numbers in Q4 yesterday after market hours. The bank reported a growth of 25% year-on-year in its net profit for the four quarter of FY12.


ICICI Bank too gained further, rising nearly 1% after results. JSPL went up 1.5% after its consolidated net profit increased to Rs 1,160 crore from Rs 1,002 crore (YoY).


Among other frontliners, HDFC, SAIL, Hindalco, Maruti (ahead of numbers), ACC and JP Associates were on buyers' radar.


However, Bank of Baroda, TCS, Grasim, Coal India, Reliance Industries and SBI were under pressure.


The CNX Midcap Index rose 18 points to 7,387.


In the second line shares, Thomas Cook was down 2% post fourth quarter results. HCC too lost over 1%.


Everest and Apollo Tyres were down over 1%.


Lanco Infratech was up 1.5%. Zensar Tech gained 3% and Essar Oil was up 1%.

HMT rallied 3.5% and Viceroy Hotels was up 5%

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