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Jun 20, 2012, 11.16 AM IST
The 50-share NSE Nifty continued to hold the 5100 level amid choppy trade while the broader markets outperformed benchmarks. PSU oil & gas, metals, capital goods and power stocks were supporting the market whereas the fall in Infosys, ITC, Bharti, Reliance and TCS has limited the upside.
Top commercial vehicle maker Tata Motors rallied 2% and country's largest two-wheeler manufacturer Hero Motocorp gained 1.35%. However, Maruti and Bajaj Auto fell 0.5%.
Private sector lender ICICI Bank gained 0.8% while its rival HDFC Bank went down 0.4%. Among FMCG majors, HUL was up 0.9% whereas ITC declined 0.5% on profit booking.
State-owned oil & gas producer ONGC and gas transportation service provider GAIL moved up 1% and 0.65%, respectively.
Capital goods majors Larsen & Toubro and BHEL gained 0.4% and 1.56% respectively after Mint reported that PMO called meeting on duty of power equipment today.
However, country's largest software services exporters TCS and Infosys slipped 0.7% each. Top telecom operator Bharti Airtel was down 0.7% too.
The BSE Midcap and Smallcap indices climbed 0.5% each. About two shares advanced for every share falling on the National Stock Exchange.
In the second line shares, Educomp Solutions shot up 7.5% as company tied up for USD 155 million to pay off FCCBs worth USD 78.5 million on due date.
Sintex Industries, Tata Coffee, AstraZeneca and Shree Global were up 2.5-5% whereas Himadri Chemical, Allcargo (on profit booking), Alstom T&D, South Indian Bank and Jubilant Life dropped 1.5-6.5%.
Among smallcap stocks, Kalyani Steels, J Kumar Infra, Surana Industries, Everonn Education and AP Paper Mills rallied 5-8%.
Saint-Gobain (on failure to execute delisting offer) and Henkel India were locked at 5% lower circuit each.
Nirlon, Savita Oil Tech and Panacea Biotec were down around 3%.
May 23 2013, 10:43
- in MARKET OUTLOOK
May 23 2013, 09:33
- in Technicals