The markets closed on an impressive note outperforming most of its Asian peers. After opening with a gap down of around 170 points, it showed smart recovery and ended the day with good gains. The uptrend was boosted by capital goods, IT and FMCG goods. Suzlon was the star of the day after it bagged the RePower deal. Suzlon now controls over 60% of REPower both direct & indirect.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.
The Asian markets slipped tracking the US markets. Other than Shanghai Composite all the Asian indices ended in red.
Sensex ended up 120.34 points or 0.85% at 14338.45, and the Nifty was up 43.25 points or 1.03% at 4248.15. About 1373 shares have advanced, 1142 shares declined, and 87 shares are unchanged.
Tata Tea has gained over 4.5% after Coca Cola board approved purchase of Glaceau for USD 4.2 bn. Tata Tea bought 30% stake in Glaceau last year for USD 677 mn
The BSE Midcap Index ended at 6,143.14 up 42.67 points or 0.7%.
The BSE Smallcap Index ended at 7,265.92 up 64.17 points or 0.89%.
The BSE Capital Goods Index was up 2.53% at 10,512.75. Carborundum, SKF India, Larsen, BEML and KEC Infrastructure closed higher.
The BSE Health Care Index was up 0.20% at 3,746.02. Glenmark, Orchid Chemical, Ipca Labs, Nicholas Pirama and Wyeth closed higher.
The BSE Auto Index closed at 4,860.08 up 0.38%. Tata Motors, Bharat Forge, Punj Tractors, Sundaram-Clayto surged.
The BSE Metal Index closed at 10,472.80 up 0.10%. JindalStainless, Sterlite Industries, Jindal Steel, Guj NRE Coke and Jindal Saw advanced higher.
The BSE FMCG Index gained 0.53% at 1,912.09. Tata Tea, Shaw Wallace, P and G, Nirma and Britannia closed higher.
BSE Oil and Gas Index closed higher at 7,685.32 up 0.39%. O Reliance Natural, GAIL, ONGC and Petronet LNG ended in green.
The BSE IT Index gained 2.49% at 4,959.36. Patni Computer, HCL Tech, Satyam, Infosys and Mphasis closed higher.
The BSE Bankex was down 0.16% at 7,467.38.However, Federal Bank, Oriental Bank, Allahabad Bank, SBI, Bank of Baroda moved upwards.
The NSE cash turnover was at Rs 9813.65 crore and the NSE F&O turnover was at Rs 42530.32 crore. The BSE cash turnover was Rs 5023.46 crore. Total market wide turnover was at Rs 57367.43 crore.
On the macroeconomic front, inflation for the week ended may 12 at 5.27% versus 5.44%; market estimated at 5.22%.
Source: moneycontrol.com
