The bulls run the Indian markets have achieved another milestone with Sensex hitting the 20,000 mark. It was a solid 700 points rally on the Sensex and Nifty hit 5,900 levels scoring over a double century. It was third biggest single day absolute point fot the Sensex. Strength was seen coming from all quarters.
Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.
Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.
L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.
Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.
Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.
On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.
Sensex was up 734.50 points or 3.82% at 19977.67, and the Nifty up 203.60 points or 3.57% at 5905.90.
About 1700 shares have advanced, 1288 shares declined, and 70 shares are unchanged.
L&T was up 10%, BHEL is up 7%, ONGC up 7%, HDFC Bank up 7%, RPL up 9%, Maruti up 5% were among the top performers on the indices.
The BSE Mid Cap Index closed at 8,082.54up 2%.
The BSE Smallcap Index ended at 9,705.20 up 1.6%.
BSE Metal Index was up 3%; Jindal Saw, Jindal Steel, Mah Seamless, SAIL, Sesa Goa, NALCO.
BSE Oil & Gas Index was up 5%; Reliance Natura, Reliance Petro, ONGC, Reliance, GAIL.
The BSE FMCG Index closed at 2,161.67 up 2%. United Spirits, Marico, Nestle, Godrej Consumer, Britannia, Tata Tea ended higher.
The BSE Capital Goods Index was up 7% at 19,847.66. Siemens, L&T,Alfa Laval, BHEL, Areva T&D, Punj Lloyd, Thermax were among top gainers.
The BSE Auto Index closed at 5,656.43 up 1%. MRF, Amtek Auto, Bharat Forge, Escorts, Tube Investment, Apollo Tyres were among the gainers.
The BSE IT Index closed at 4,674.65 up 0.8%. Mphasis, Wipro, Satyam, Financial Tech,Tech Mahindra ended higher.
The BSE Bankex was up 4% at 10,649.71. HDFC Bank, ICICI Bank,Yes Bank, PNB, Bank of India, Allahabad Bank closed higher. The NSE cash turnover was at Rs 21775.4 crore and the NSE F&O turnover was at Rs 69537.38 crore. The BSE cash turnover was Rs 8883.17 crore. Total market wide turnover was at Rs 100195.95 crore.
Source:moneycontrol.com
Cues from Asia and rest of the equity markets were robust which has helped in such a rally.Asia has ended in green with gains of 1%-3%. Hefty 14 points premium is seen in Nifty futures.
Top 6 stocks contributed to 90% to the 1000 point rally from 19,000 to 20,000.
L&T and ICICI Bank top contributors with 50% contribution of last 1000 points rally.
Large caps are the clear outperformers. L&T, BHEL, Reliance Petro, Siemens, HDFC, HDFC Bank were among the star performers.
Broader markets also participated in the uptrend both the midcap and smallcap indices each up nearly 2%.
On the corporate front, Maruti came out with numbers largely inline with street expectations. Capital goods, banking, metal and realty stocks were in focus. Market breadth is positive with impressive volume. All the key indices are trading in green. BSE capital good index has raced ahead and was up 7% followed by BSE metal, oil & gas and bankex each up over 3%.
Sensex was up 734.50 points or 3.82% at 19977.67, and the Nifty up 203.60 points or 3.57% at 5905.90.
About 1700 shares have advanced, 1288 shares declined, and 70 shares are unchanged.
L&T was up 10%, BHEL is up 7%, ONGC up 7%, HDFC Bank up 7%, RPL up 9%, Maruti up 5% were among the top performers on the indices.
The BSE Mid Cap Index closed at 8,082.54up 2%.
The BSE Smallcap Index ended at 9,705.20 up 1.6%.
BSE Metal Index was up 3%; Jindal Saw, Jindal Steel, Mah Seamless, SAIL, Sesa Goa, NALCO.
BSE Oil & Gas Index was up 5%; Reliance Natura, Reliance Petro, ONGC, Reliance, GAIL.
The BSE FMCG Index closed at 2,161.67 up 2%. United Spirits, Marico, Nestle, Godrej Consumer, Britannia, Tata Tea ended higher.
The BSE Capital Goods Index was up 7% at 19,847.66. Siemens, L&T,Alfa Laval, BHEL, Areva T&D, Punj Lloyd, Thermax were among top gainers.
The BSE Auto Index closed at 5,656.43 up 1%. MRF, Amtek Auto, Bharat Forge, Escorts, Tube Investment, Apollo Tyres were among the gainers.
The BSE IT Index closed at 4,674.65 up 0.8%. Mphasis, Wipro, Satyam, Financial Tech,Tech Mahindra ended higher.
The BSE Bankex was up 4% at 10,649.71. HDFC Bank, ICICI Bank,Yes Bank, PNB, Bank of India, Allahabad Bank closed higher. The NSE cash turnover was at Rs 21775.4 crore and the NSE F&O turnover was at Rs 69537.38 crore. The BSE cash turnover was Rs 8883.17 crore. Total market wide turnover was at Rs 100195.95 crore.
Source:moneycontrol.com
