November 03, 2012 / 13:22 IST
It was a good day for the Indian equities as benchmark indices, Sensex and Nifty, closed up 1%. The Nifty ended at 5,695.55, within striking distance of the 5,700 mark. All the BSE sectoral indices closed in positive terrain.
Trader Atul Suri is very bullish on the market. He expects the Nifty to break lifetime high in the medium-term. "I have technical target of 6,730 on the Nifty," he adds. According to him, some spaces in the market like consumer space, FMCG, pharmaceutical space and autos are in a very sublime space.The Sensex was up 193.75 points or 1.04% at 18755.45, and the Nifty was up 50.50 points or 0.89% at 5695.55.About 1534 shares advanced, 1269 shares declined, and 654 shares were unchanged.Today, Bajaj Auto touched a new all time high of Rs 1,905. It was biggest gainer on the Nifty. Its October sales numbers were better than expected. The stock closed at Rs 1,898.00, up Rs 52.95, or 2.87%. Total sales grew by 14% month-on-month. Management told CNBC-TV18 that export markets have stabilised, they see better sales in November and December. Hero Moto too gained 2%. It total sales was higher by 31% to over 5 lakh units month-on-month.Top gainers on the Sensex were GAIL at Rs 358.60 up 3.75%, Bajaj Auto at Rs 1,898.55 up 2.90%, L&T at Rs 1,674.90 up 2.68% and ICICI Bank at Rs 1,079.20 up 2.12% and Hero Motocorp at Rs 1,945.45, up 2.11%.Top losers on the Sensex were Bharti Airtel at Rs 274.90 down 2.12%, HUL at Rs 533.10 down 0.8%, Jindal Steel at Rs 388.85 down 0.8%, Sun Pharma at Rs 697.15 down 0.46%.Most active shares on BSE were Dr Reddys Labs, SBI, Union Bank, United Spirits and L&T.Top percentage gainers on the BSE - Kwality Dairy, Cinemax India, 20 Microns, Ratnamani Metal and Eimco Elecon were up 16-20%.Top percentage losers on the BSE - JTL Infra, Zylog Systems, Pradip Overseas were down 9-12%.Top gainers on the BSE Midcap - STC India, Fresenius Kabi, Kirloskar Oil, Shriram City, PTC India were up 5-7%.Top losers on the BSE Midcap - Balrampur Chini, Clariant, Vakrangee, Indiabulls and Jyothy Labs were down 3-6%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
