The markets have rebounded sharply in late trade and ended with strong recovery of half of Wednesdays losses led by buying in technology, telecom, power, FMCG, banking, metal, pharma and some oil and gas stocks. It was remained choppy till 2 pm and after that shown smart bounce back. Positive European markets also played some role. The Nifty closed above 4650 mark after struggling around 4550-4600 and recovered more than 140 points from days low. The Sensex closed above 15700 and recovered over 450 points from days low.
The Sensex closed at 15,769.72, up 1.64% or 254.93 points after hitting an intraday high of 15,814.80 and low of 15,314.02. The Nifty touched a high/low of 4690.60 and 4536.25, before finishing the day at 4676.95, up 1.99% or 91.35 points. BSE Midcap and Small cap indices ended marginally higher.
Biggest gainers were ONGC (7.46%), Wipro (6.25%), Infosys (5.86%), Reliance Infra (5.68%), Suzlon Energy (9.18%), Tata Power (8.06%) and GAIL (7.19%). However, DLF (-3%), Reliance (-2.58%), Ambuja Cements (-1.89%), Tata Motors (-1.82%), BPCL (-6.35%) and PNB (-2.68%) were draggers.
Market breadth also improved but closed in negative, about 1359 shares have advanced, 1571 shares declined, and 183 shares remained unchanged.
Technology Index outperformed other indices, jumped 5.01% or 220.09 points to settle at 4,617.44 as huge buying seen in Tech Mahindra, Wipro, Infosys, HCL Tech, Satyam, Patni Computer, TCS and Mphasis. The Indian Rupee was trading at 42.90 per dollar.
Amongst telecom space, Tata Communication, Tata Teleservices, Spice Comm, Bharti Airtel, MTNL, Reliance Comm and Idea Cellular have gained.
Power stocks looked fully charged up, index shot up by 2.89% to close at 2,708.49 due to sharp advances in Suzlon Energy, Tata Power, Reliance Infra and NTPC.
In the oil and gas space, ONGC, GAIL, Essar Oil, RNRL, Cairn India and Petronet LNG were gainers while BPCL, IOC, HPCL and Reliance losers. Index ended flat.
FMCG Index finished at 2,426.16, up 2.48% on the back of smart jump in Tata Tea, HUL, United Spirits, ITC, Britannia and Nestle.
Banking stocks like Yes Bank, Axis Bank, ICICI Bank, HDFC Bank, SBI and Kotak Mahindra have gained a lot. Bankex surged 1.92% or 138.21 points at 7,348.58.
There were sweet pills from healthcare sector, index was up 1.9% at 4,345.89 due to buying in Sun Pharma, Divis Labs, Dr Reddys Labs, Sun Pharma Adv, Aurobindo Pharma, Cipla and Ranbaxy Labs.
Metal stocks like Jindal Steel, NALCO, Tata Steel, SAIL, JSW Steel and Hindalco have shined. Index moved up by 1.89% or 291.44 points at 15,714.59.
However, realty stocks have shown remarkable recovery from days low though ended in red. Index plunged 0.99% to close at 6,326.05 and recovered nearly 300 points. Selling seen in Phoenix Mills, Anant Raj Ind, Ansal Properties, DLF and Indiabulls Real while buying in Mahindra Life, Puravankara Proj, HDIL, Peninsula Land and Unitech.
Auto and Capital Goods indices finished with marginal loss.
Most active counters were Reliance Industries, ONGC, Tata Steel, L&T and Bharti Airtel.
Turnover traded by markets for the day stood at Rs 73159.72 crore , including Rs 15987.26 crore from NSE Cash segment, Rs 51017.90 crore from NSE F&O and Rs 6154.56 crore from BSE Cash segment.
The Sensex closed at 15,769.72, up 1.64% or 254.93 points after hitting an intraday high of 15,814.80 and low of 15,314.02. The Nifty touched a high/low of 4690.60 and 4536.25, before finishing the day at 4676.95, up 1.99% or 91.35 points. BSE Midcap and Small cap indices ended marginally higher.
Biggest gainers were ONGC (7.46%), Wipro (6.25%), Infosys (5.86%), Reliance Infra (5.68%), Suzlon Energy (9.18%), Tata Power (8.06%) and GAIL (7.19%). However, DLF (-3%), Reliance (-2.58%), Ambuja Cements (-1.89%), Tata Motors (-1.82%), BPCL (-6.35%) and PNB (-2.68%) were draggers.
Market breadth also improved but closed in negative, about 1359 shares have advanced, 1571 shares declined, and 183 shares remained unchanged.
Technology Index outperformed other indices, jumped 5.01% or 220.09 points to settle at 4,617.44 as huge buying seen in Tech Mahindra, Wipro, Infosys, HCL Tech, Satyam, Patni Computer, TCS and Mphasis. The Indian Rupee was trading at 42.90 per dollar.
Amongst telecom space, Tata Communication, Tata Teleservices, Spice Comm, Bharti Airtel, MTNL, Reliance Comm and Idea Cellular have gained.
Power stocks looked fully charged up, index shot up by 2.89% to close at 2,708.49 due to sharp advances in Suzlon Energy, Tata Power, Reliance Infra and NTPC.
In the oil and gas space, ONGC, GAIL, Essar Oil, RNRL, Cairn India and Petronet LNG were gainers while BPCL, IOC, HPCL and Reliance losers. Index ended flat.
FMCG Index finished at 2,426.16, up 2.48% on the back of smart jump in Tata Tea, HUL, United Spirits, ITC, Britannia and Nestle.
Banking stocks like Yes Bank, Axis Bank, ICICI Bank, HDFC Bank, SBI and Kotak Mahindra have gained a lot. Bankex surged 1.92% or 138.21 points at 7,348.58.
There were sweet pills from healthcare sector, index was up 1.9% at 4,345.89 due to buying in Sun Pharma, Divis Labs, Dr Reddys Labs, Sun Pharma Adv, Aurobindo Pharma, Cipla and Ranbaxy Labs.
Metal stocks like Jindal Steel, NALCO, Tata Steel, SAIL, JSW Steel and Hindalco have shined. Index moved up by 1.89% or 291.44 points at 15,714.59.
However, realty stocks have shown remarkable recovery from days low though ended in red. Index plunged 0.99% to close at 6,326.05 and recovered nearly 300 points. Selling seen in Phoenix Mills, Anant Raj Ind, Ansal Properties, DLF and Indiabulls Real while buying in Mahindra Life, Puravankara Proj, HDIL, Peninsula Land and Unitech.
Auto and Capital Goods indices finished with marginal loss.
Most active counters were Reliance Industries, ONGC, Tata Steel, L&T and Bharti Airtel.
Turnover traded by markets for the day stood at Rs 73159.72 crore , including Rs 15987.26 crore from NSE Cash segment, Rs 51017.90 crore from NSE F&O and Rs 6154.56 crore from BSE Cash segment.
Source: moneycontrol.com
