January 03, 2011 / 14:52 IST
At 14:34 hours IST - the benchmark Sensex was trying to hold 100 points gains on the back of consistent buying in metal, financial, realty, Anil Dhirubhai Ambani Group (ADAG), capital goods, healthcare and auto companies' shares. ONGC, HUL, Infosys and ITC were also added some gains.
Asian and European markets also started the year 2011 on a strong note. European markets like CAC and DAX were trading 1.1-1.4% higher. Asian markets like Hang Seng and Straits Times went up 1.5-1.7%. Kospi and Taiwan rose 0.6-0.9%.However, the sell-off in Bajaj Auto, Wipro, NTPC, TCS, Reliance Industries, HCL Tech, HDFC, ACC and Hero Honda limited gains. The 30-share BSE Sensex was trading at 20,607, up 98 points and the 50-share NSE Nifty rose 34 points to 6,168. The BSE Midcap Index was up 1% and Smallcap up 1.9%, which were outperforming benchmarks.Among frontliners, Reliance Infrastructure, Sterlite Industries, Tata Steel, Reliance Communications, Jaiprakash Associates and Sesa Goa jumped 3-3.6%.However, Bajaj Auto was trading at Rs 1,485, down 3.67% post December sales numbers; company sold 2.76 lakh units in December, a growth of 10% (YoY). Wipro, NTPC, TCS, Hero Honda and ACC fell 0.5-1.3%.Tata Steel, Ravi Kumar Distilleries, SBI, Everonn Education, Vivimed Labs, Reliance Industries, Tata Motors and Infosys were most active shares on exchanges.In midcap space, JSW Holdings, Nagarjuna Construction, Escorts, BOC India and Motilal Oswal gained 5.5-9.5% while Gammon Infra, KGN Industries, Money Matters, HCL Info and Blue Dart lost 2.8-3.75%.In smallcap space, Timken rallied 19.98%. SE Investments, Ajmera Realty, Ganesh Housing and Rollatainers were up 11-12.5% while Sagar Cement, Fame India, Spectacle Info, SVC Resources and Midfield Industries declined 5-6%.Breadth was positive; about 2134 shares advanced while 793 shares declined on Bombay Stock Exchange._PAGEBREAK_Nifty above 6150; Sterlite Inds, Tata Steel, JP Asso shineAt 13.10 hrs IST, the Nifty was trading above 6150 mark with positive bias. It was a strong session for the markets led by heavy buying in metal, realty, telecom and banking stocks. All BSE sectoral indices were trading in green. The action was mainly seen in the broader markets. BSE Midcap and Smallcap indices were up 1.2% and 1.7% respectively. The Sensex was up 121.04 points or 0.59% at 20630.13, and the Nifty was up 33.25 points or 0.54% at 6167.75. About 2121 shares advanced, 738 shares declined, and 614 shares remain unchanged. In the largecap space, Sterlite Industries, Tata Steel, Jaiprakash Associates, Sesa Goa and Reliance Communications were up 2.4-2.9%. On the losing side, Bajaj Auto, HCL Tech, NTPC, Wipro and ACC were down 0.5-2.5%. Index heavyweight Reliance was trading at Rs 1,058.80 up 0.05% from its previous close of Rs 1,058.25. Refinery major HPCL was trading at Rs 398.00 up 1.7% from its previous close of Rs 391.35. Tech major Infosys was trading at Rs 3,439.00 down 0.17% from its previous close of Rs 3,445.00. Hindustan Lever was trading at Rs 311.40 down 0.29% from its previous close of Rs 312.30. Cigarette major ITC was trading at Rs 174.75 up 0.14% from its previous close of Rs 174.50. Top gainers on the BSE Midcap: JSW Holdings, Nagarjuna Construction, Prakash Industries, MTNL and Guj NRE Coke were up 5-8%. Top losers on the BSE Midcap: AstraZeneca, KGN Industries, Money Matters, Gammon Infra and Blue Dart were down 2-3%. Top gainers on the BSE Smallcap: Timken, Tata Metaliks, Ganesh Housing, SE Investments and Ajmera Realty were up 11-20%. Top losers on the BSE Smallcap: Spectacle Info, SVC Resources, Midfield Industries, Urja Global and Subhkam Capital were down 4.9-5%._PAGEBREAK_Sensex northbound; SBI, Tata Steel, HDFC Bank, DLF leadAt 11:52 hours IST, the equity benchmarks were trading with moderate gains while broader markets were outperforming the benchmarks. Metal, auto, Anil Dhirubhai Ambani Group (ADAG), realty, oil & gas, select healthcare and financial companies' shares were helping the markets to maintain positive stance.However, consistent selling in NTPC, Infosys, BHEL, Bharti Airtel, Wipro, HUL, ITC, HCL Tech, L&T and Bajaj Auto erased more than half of early trade gains. N Jayakumar of Prime Securities is cautiously bullish on markets for 2011. In an interview to CNBC-TV18, he said that Nifty may test 7,200 mark by Diwali and could end 2011 at 6,800-6,900.He is concerned that move towards new high won
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