Nifty ends above 5000; IT, pharma, oil & gas gain

he Nifty closed above its psychological 5000 mark. Strong buying was seen in IT, pharma, oil &gas, banks, power, capital goods and metal stocks. Reliance, Infosys, ICICI Bank, L&T, TCS and HDFC were the major contributors to the bourses.

The Sensex closed up 159.91 points or 0.96% at 16852.91.It touched an intraday high of 16,907.84 and an intraday low of 16,802.80.

The Nifty ended up 42.30 points or 0.85% at 5001.25. It touched an intraday high of 5020.25 and an intraday low of 4959.10.

Aadil Ebrahim, Investment Manager at Bowen Capital Management, said that the Nifty would remain in the 5,000 kind of levels towards the end of the year. “It may go up to 5,200 and come down to 4,800. But on an average we’ll be about 5,000 by the end of the year.” He was bullish on Dabur and Hero Honda. He believed, “Stocks like these will outperform when the deep cyclicals sort of flat line and when the whole sort of inventory rebuilding slows down.” Infosys remained his top pick.

About 1710 shares advanced, 1165 shares declined, and 334 shares were unchanged.


Top gainers on the Sensex were Sun Pharma at Rs 1,390.85 up 6.09%, TCS at Rs 610.40 up 3.98%, ICICI Bank at Rs 864.80 up 3.12%, Wipro at Rs 582.50 up 2.71% and ONGC at Rs 1,186.15 up 2.49%.

However, top losers on the Sensex were SBI at Rs 2,090.85 down 2.26%, Grasim at Rs 2,788.80 down 1.6%, Jaiprakash Asso at Rs 234.15 down 1.35%, Reliance Comm at Rs 299.75 0.6% and Tata Motors at Rs 590.80 down 0.35%.

Index
Current Value
Change(%)

Sensex
16852.91
0.96

Midcap
6264.8
0.61

Samllcap
7519.59
0.93

IT
4513.31
2.26

HC
4379.96
1.63

Oil&Gas
10395.65
1.52

Bankex
9504.93
0.75

Power
3046.18
0.59

CG
13521.91
0.33

FMCG
2586.61
0.27

Metal
13960.82
0.06

Realty
4446.06
-0.65

The BSE IT index outperformed all the other sectoral indices; it was up over 2%. Stocks like Patni Computer, Mphasis, TCS, Oracle Financ and NIIT were up 3-6%.

In the Oil & gas sector Essar Oil, ONGC, GAIL, Reliance and RNRL were up 1-3%.

In the banking pack Yes Bank, Kotak Mahindra, ICICI Bank, Canara Bank and Bank of India were up 2-4%.

In the Capital goods sector SKF India, Everest Kanto, Punj Lloyd, Bharat Bijlee and Rel Ind Infra were up 3-5%.

In the power pack GVK Power, Torrent Power, Tata Power, BHEL and Adani Power were up 1-3%.

In the FMCG sector Colgate, Dabur India, Ruchi Soya, Britannia and HUL were up 1- 3%.

The broader indices, midcap and smallcap were up 0.61% and 0.93% respectively.

Top gainers on the BSE Midcap - Asian Star, Dishman Pharma, Guj State Petro, Nirma and Chennai Petro were up 6-14%.

Top gainers on the BSE Smallcap - Abbott India, Solvay Pharma, J Kumar Infra, KLG Systel and ILandFS were 10-17%.

Most active shares on BSE were Era Infra Eng, Educomp Sol, Reliance, SBI and Tata Steel.

Top percentage gainers on the BSE were Camlin Fine at Rs 62.40 up 20%, Omkar Overseas at Rs 103.68 up 20%, Madhav Marbles at Rs 30.45 up 19.88%, Abbott India at Rs 679 up 17.50% and Surana Telecom at Rs 41.40 up 17.45%.

Turnover: The market saw total turnover of Rs 65365.91 crore. This included Rs 15094.39 crore from the NSE cash segment, Rs 45244.04 crore from the NSE F&O and the balance Rs 5027.48 crore from the BSE cash segment.

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Sensex trading strong; IT, pharma, oil & gas surge

At 2.15 pm today, the Sensex was trading strong but 16900 was strong resistance in today’s trade. All the sectoral indices were trading positive. The BSE IT, pharma and oil & gas indices were up 1.5-2.4%. Buying was also seen in banks, capital goods, power and metals stocks. Reliance, Infosys, ICICI Bank, L&T and HDFC were the positive contributors to the Sensex.



The Sensex was up 165.36 points or 0.99% at 16858.36, and the Nifty was up 39.15 points or 0.79% at 4998.10.



Top gainers on the Sensex were Sun Pharma at Rs 1,408.10 up 7.41%, TCS at Rs 610.90 up 4.06%, ICICI Bank at Rs 863.80 up 3.01%, Wipro at Rs 583.15 up 2.82% and Infosys at Rs 2,293 up 2.12%.



Index heavyweight Reliance was trading at Rs 2,173.10 up 2.03% from its previous close of Rs 2,129.80.



Tech major Infosys was trading at Rs 2,293.00 up 2.12% from its previous close of Rs 2,245.30.



About 1792 shares advanced, 1078 shares declined, and 339 shares were unchanged.



Top percentage gainers on the BSE - Omkar Overseas at Rs 103.68 up 20%, Camlin Fine at Rs 62.40 up 20%, Madhav Marbles at Rs 30.45 up 19.88%, Surana Telecom at Rs 41.20 up 16.88% and Solvay Pharma at Rs 942.50 up 15.18%.



Top gainers on the BSE Midcap - Nirma, SKF India, Ipca Labs, JM Financial and Patni Computer were up 6-9%.

However, top losers on the Sensex were SBI at Rs 2,107.30 down 1.49%, Grasim at Rs 2,792.05 down 1.49%, Jaiprakash Asso at Rs 234.15 down 1.35%, Sterlite Ind at Rs 745.50 0.65% and NTPC at Rs 211.70 down 0.4%.

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Nifty hovers around 5000; Sun Pharma, TCS, Wipro gain

At 12.51 pm today, the Nifty was trading strong with nearly one percent gain and was hovering around the 5000 mark. The BSE IT index outperformed all the other sectoral indices; it was up over 2%. Phama, oil & gas, banks and realty stocks witnessed good buying interest. Stocks like Reliance, Infosys, ICICI Bank, L&T and HDFC were the major contributors to the Sensex.



The Sensex was up 156.59 points or 0.94% at 16849.59, and the Nifty was up 42.40 points or 0.86% at 5001.35.



About 1896 shares advanced, 957 shares declined, and 355 shares were unchanged.



Top gainers on the Sensex were Sun Pharma at Rs 1,395 up 6.41%, TCS at Rs 610.55 up 4%, Wipro at Rs 583.50 up 2.88%, ICICI Bank at Rs 858.10 up 2.33% and Infosys at Rs 2,292.10 up 2.08%.



Index heavyweight Reliance was trading at Rs 2,163.80 up 1.6% from its previous close of Rs 2,129.80.



Tech major Infosys was trading at Rs 2,292.10 up 2.08% from its previous close of Rs 2,245.30.



The broader indices, midcap and smallcap were up 0.80% and 1.21% respectively.



Top gainers on the BSE Midcap were Nirma, SKF India, JM Financial, Patni Computer and Ipca Labs were up 6-10%.



Top gainers on the BSE Smallcap - Solvay Pharma, Abbott India, Sarda Energy, KLG Systel and Dolphin Offshor were up 9-16%.



However, top losers on the Sensex were SBI at Rs 2,113. down 1.22%, Grasim at Rs 2,800 down 1.21%, Jaiprakash Asso at Rs 236.20 down 0.48%, Sterlite Ind at Rs 747.75 down 0.35% and ITC at Rs 234.25 down 0.21%.

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Sensex erases early gains; IT, pharma, oil & gas up

At 11.40 am today, the BSE Sensex was trading higher but was off its day’s high of 16907. The NSE Nifty was trading with over half a percent gain but slipped below the 5000 mark. Reliance, Infosys, ICICI Bank and HDFC were the positive contributors to the Sensex.

IT, pharma, oil & gas, banks, realty, metal and auto stocks were trading with good gains.

The Sensex was up 130.98 points or 0.78% at 16823.98, and the Nifty was up 36.95 points or 0.75% at 4995.90.

About 1884 shares advanced, 949 shares declined, and 375 shares were unchanged.

Hans Goetti, LGT Bank in Liechtenstein said, "The US markets are ahead of themselves, as they are pricing in a V-shaped recovery. Fundamentals of Asian markets are better, but valuations are no longer cheap. I expect the S&P 500 to go to 1,120 & the Sensex to go up to 18,000."

Top gainers on the Sensex were Sun Pharma at Rs 1,378.10 up 5.12%, TCS at Rs 611.20 up 4.11%, Wipro at Rs 583.50 up 2.88%, ICICI Bank at Rs 857 up 2.19% and Bharti Airtel at Rs 420.55 up 1.50%.

Top losers on the Sensex were Grasim at Rs 2,801 down 1.17%, Jaiprakash Asso at Rs 235 down 0.99%, Maruti Suzuki at Rs 1,626.50 down 0.87%, SBI at Rs 2,124 down 0.71% and Sterlite Ind Rs 745 down 0.71%.

Most active shares on NSE were Reliance, Bharti Airtel, ICICI Bank, SBI and TCS.

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Nifty holds 5000 mark; RIL, Infosys, TCS, ICICI Bank gain

At 10.40 hrs IST, the Nifty continued to trade strong and was holding the 5000 mark. The BSE Sensex gained over 200 points and was climbing towards the 16900 level. All the BSE sectoral indices were trading positive. Strong buying was seen in Pharma, IT, banks, metal, realty, oil & gas and power stocks. Reliance, Infosys, ICICI Bank, TCS and Bharti Airtel were the positive contributors to the indices.



The Sensex was up 185.09 points or 1.11% at 16878.09, and the Nifty was up 53.55 points or 1.08% at 5012.50.



About 2022 shares advanced, 799 shares declined, and 387 shares were unchanged.



Out of the BSE Sensex 30 stocks only Grasim, ITC and Maruti Suzuki were trading in the negative terrain.



Top gainers on the Sensex were Sun Pharma at Rs 1,392.10 up 6.19%, ICICI Bank at Rs 859.55 up 2.50%, Wipro at Rs 580 up 2.27%, TCS at Rs 600.15 up 2.23% and Hindalco at Rs 128.95 up 1.82%.



Index heavyweight Reliance was trading at Rs 2,153.30 up 1.1% from its previous close of Rs 2,129.80.



Tech major Infosys was trading at Rs 2,285.05 up 1.77% from its previous close of Rs 2,245.30



Most active shares on NSE were Reliance, Bharti Airtel, HDFC, Tata Steel and IDBI Bank.



The BSE midcap and smallcap indices were up over 1% each.



Top gainers on the BSE Midcap - JM Financial, SKF India, Redington, Ipca Labs and Dishman Pharma were up 5-7%.



Top gainers on the BSE Smallcap - Solvay Pharma, KLG Systel, Sarda Energy, Surana Ind and Kolte-Patil were up 7-15%.



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Nifty breaches 5000 mark in early trade


At 9:56 am, the Nifty opened with good gains and breached the 5000 mark in the early trade. Strong buying was seen in realty, metal, IT, banks, pharma and power stocks. The Broader indices midcap and smallcap indices were up over 1%.

Infosys, Reliance Power, Jindal Steel and Power, ICICI Bank, Sterlite Ind, Tata Steel and Bharti Airtel were among the major gainers. However, Grasim HUL, NTPC and Maruti Suzuki were trading weak.

The Sensex was up 202 points at 16895 and the Nifty was up 52 points at 5011.

Prabhat Awasthi, Nomura Fin Advisories said, "We have arrived at a new Sep 2010 Sensex target of 18,800 as we see earlier than expected revival of corporate capex, with ensuing capital flows to drive the rupee higher. We have raised exposure to construction and capital goods and reduced the weight of IT in the model portfolio."

The US markets snapped a three-day losing streak on Monday as investors cheered a wave of merger-and-acquisition activity. Tech stocks were mostly higher, with the Nasdaq outperforming the broader indices. Bank stocks posted solid gains, with Bank of America up 3.7% and Citigroup up 4.3%. The Dow rose 124.17, or 1.3 percent, to 9,789.36. The S&P 500 index rose 18.60, or 1.8 percent, to 1,062.98, and the Nasdaq Composite index rose 39.82, or 1.9 percent, to 2,130.74.

Asian markets were trading higher. Nikkei was up 0.55%, Seoul Composite was up 0.78%, Straits Times was up 1.55%, Hang Seng was up 2.05% and Taiwan Weighted gained 1.71%.

Market cues:

FIIs net buy USD 274.9 million in equities on September 24

MFs net sell Rs 792 crore in equities on September 24

NSE F&O Open Int up Rs 4491 crore at Rs 78,416 crore

FIIs net sell Rs 38 crore in cash markets on September 25 (prov)

DIIs net buy Rs 227 crore in cash markets on September 25 (prov)

FIIs net buy Rs 990 crore in F&O on September 25

F&O cues:

Futures Open Int up Rs 528 crore

Options Open Int up Rs 3963 crore

Nifty Futures OI unchanged, at 8-point prem

Nifty Open Int PCR at 1.26 versus 1.25

Nifty Puts add 41 lakh shares in Open Int

Nifty Calls add 29 lakh shares in Open Int

Nifty 4900 Put adds 7.5 lakh shares in Open Int

Nifty 4800 Put adds 5.7 lakh shares in Open Int

Nifty 4700 Put adds 4.9 lakh shares in Open Int

Nifty 5000 Call adds 7 lakh shares in Open Int

Nifty 5200 Call adds 5.9 lakh shares in Open Int

Nifty 5100 Call adds 4.6 lakh shares in Open Int

Stock Futures add 3 cr shares in Open Int


FIIs in F&O September 25

Net sell Rs 359 crore in Nifty Futures

Open Int down 577 contracts

Net buy Rs 1707 crore in Nifty Options

Open Int up 74,134 contracts

Net sell Rs 359 crore in Stock Futures