Nifty ends higher on first day of June series
Indian equities ended Friday's trade on strong note, closing at the highest point of the day. The bulls have taken charge of proceedings, keeping the benchmark indices above their psychological level.
Indian equities ended Friday's trade on strong note, closing at the highest point of the day. The bulls have taken charge of proceedings, keeping the benchmark indices above their psychological level.
The BSE realty index outperformed the other sectoral indices; up nearly 4%. Strong buying was also seen in banks, metals, oil & gas, power and FMCG stocks.The Sensex closed up 221.46 points or 1.23% at 18266.10. Its touched an intraday high of 18,298.64 and an intraday low of 18,087.16.The Nifty was up 63.30 points or 1.17% at 5475.65. Its touched an intraday high of 5,485.80 and an intraday low of 5,413.60.The market breadth was positive; about 1752 shares advanced, 1093 shares declined, and 798 shares remained unchanged. Top gainers on the Sensex were Hindalco at Rs 197.50 up 5.78%, Reliance Comm at Rs 85 up 5.66%, ICICI Bank at Rs 1,069 up 4.23%, DLF at Rs 225.20 up 4.11% and Reliance Infra at Rs 557.15 up 3.85%.However, top losers on the Sensex were Tata Motors at Rs 1,088.65 down 6.25%, NTPC at Rs 169.05 down 0.91%, HUL at Rs 303.65 down 0.88%, Hero Honda at Rs 1,858 down 0.8% and Cipla Rs 318 down 0.27%.Cigarette major ITC was trading at Rs 189.10 up 1.15% from its previous close of Rs 186.95.Refinery major HPCL was trading at Rs 373 up 4.82% from its previous close of Rs 355.85.Domestic market has been in a volatile mood for quite some time, commenting on this Devesh Kumar, Head of Equities at RBS India, said that the market will witness a slightly muted rally, which will continue for next three to six months. If any positive news comes in on oil front or inflation, it will prove as a positive trigger for the market.Sectoral view: Metal stocks shined in trade today. NMDC, SAIL, Hindustan Zinc and Tata Steel were up 2-3%. In the realty space, DLF, HDIL, Pantaloon Retail, Prestige Estate and Godrej Properties were up 3-4%. Bank heavywights made money for traders. SBI, ICICI Bank, HDFC Bank, and Axis Bank were up 1-4%.Midcap gainers: Anant Raj Industries, Ramky Infra, Educomp Solutions, Sintex India and Hindustan Constructions were up 7-11%. Midcap losers: Videocon Industries, Page Industries, Gitanjali Gems, Jubilant Life and Va Tech Wabag were down 2-3%. Smallcap gainers: Accentia Techno, Symphony, Bengal & Assam, Hawkins Cooker and Rane Holdings were up 10-18%. Smallcap losers: Tilaknagar Industries, Prraneta Industries, R M Mohite Industries, Parrys Sugar and Newtime Infra were down 5-8%.Turnover: NSE Cash & BSE Cash segment clocked Rs 11777.27 crore and Rs 3222.32 crore turnovers respectively. NSE F&O segment recorded Rs 77453.3 crore. The total turnover for the day stood at Rs 92452.89 crore.Asian Markets: Asian stocks posted solid gains for a second consecutive day on Friday as market players scooped up bargains while the euro pushed higher, though the currency's gains may be limited for now as fears of a Greek default weighed on sentiment.(With inputs from Reuters) 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!
