The Sensex closed above the 17000 mark for the first time since May 21, 2008. The Nifty was just sniffing distance away from the 5600 level. The BSE bankex outperformed all the other sectoral indices; it was up nearly 4%. Strong buying was seen in metals, auto, realty, capital goods, IT, power and oil & gas stocks.
Reliance, Infosys, ICICI Bank, Wipro, L&T, SBI and HDFC were the positive contributors to the bourses while ITC, Bharti Airtel, ONGC, Power Grid and GAIL were the negative contributors.
The Sensex ended up 273.93 points or 1.63% at 17126.84. It touched an intraday high of 17,142.52 and an intra day low of 16,868.46.
The Nifty closed up 77.10 points or 1.54% at 5083.95. It touched an intraday high of 5087.60 and an intraday low of 5004.35.
The markets breadth was positive, about 1651 shares advanced, 1240 shares declined, and 319 shares were unchanged.
Dhiraj Agarwal of Anand Rathi Financial Services said that valuations currently were neither too expensive nor very cheap. He further said the markets could go higher from a valuations perspective. However, he said he could not rule out the possibility of a bubble. "The Nifty floor is seen at around 4,750-4,850 levels," he said.
Top gainers on the Sensex were SBI at Rs 2,195.70 up 5.01%, ICICI Bank at Rs 904.80 up 4.63%, Maruti Suzuki at Rs 1,698.90 up 3.70% and Sterlite Ind at Rs 775.35 up 3.46% and M&M at Rs 881.20 up 3.46%.
However, top losers on the Sensex were ONGC at Rs 1,171.30 down 1.25%, ITC at Rs 231.90 down 1.07%, Grasim at Rs 2,768.35 down 0.73% and Bharti Airtel at Rs 418.55 down 0.07%.
Index
Chg(%)
Last Value
Bankex
3.69
9,855.60
Auto
2.13
6,664.25
CapGoods
1.74
13,757.19
Metal
1.55
14,176.62
Realty
1.43
4,509.66
IT
1.28
4,570.91
Power
0.98
3,076.05
Oil&gas
0.77
10,475.71
HC
0.55
4,404.26
FMCG
-0.42
2,575.82
The BSE bankex outperformed all the other sectoral indices; it was up 3.69% or 350 points at 9855. Stocks like Axis Bank, Oriental Bank, SBI, IOB and ICICI Bank were up 5-6%.
In the IT space, Financial Tech, Wipro, Patni Computer, TCS and Oracle Financ were up 1-5%.
In the capital goods sector, AIA Engineering, Bharat Elec, Elecon Eng, Jyoti Structure and BHEL surged 2-10%.
In the power pack, Torrent Power, BHEL, Neyveli Lignite, ABB and Tata Power were up 1-5%.
In the metal space, Jindal Saw, Jai Corp, Sterlite Ind, JSW Steel and Hindalco were up 2-5%.
In the Pharma sector, Dishman Pharma, Wockhardt, Bilcare, Apollo Hospital and Aurobindo Pharm gained 3-13%.
Auto stocks like Escorts, Bajaj Auto, Maruti Suzuki, Mah and Mah and Exide Industries rose 3-7%.
Oil & gas stocks like Aban Offshore, Reliance, BPCL, HPCL and Cairn India were up 0.31-2.58%.
Most active shares on NSE - Oil India at Rs 1,133.30 with a volumes of 19,689,859, Reliance at Rs 2,200 with volumes of 4,174,332, Axis Bank at Rs 977.70 with volumes of 9,003,388, ICICI Bank at Rs 904 with volumes of 8,234,108 and SBI at Rs 2,210.50 with a volumes of 2,929,585.
Top percentage gainers on the BSE were Cable Corp at Rs 21.10 up 19.89%, DIL at Rs 288.75 up 19%, Henkel India at Rs 43.25 up 18.17%, Maxwell Ind at Rs 22.30 up 17.99% and Nova Petrochem at Rs 28.15 up 17.29%.
Top gainers on the BSE Midcap - Central Bank, Parsvnath, Dishman Pharma, Asian Star and HMT were up 10-16%.
Top gainers on the BSE Smallcap - Henkel India, Paper Products, Delta Corp, Premier and KLG Systel were up 10-18%.
Turnover: The market saw total turnover of Rs 82231.76 crore. This included Rs 20150.03 crore from the NSE cash segment, Rs 55412.81 crore from the NSE F&O and the balance Rs 6668.92 crore from the BSE cash segment.
New listing: Oil India ended its first trading session at a huge premium of 8.10% to its issue price of Rs 1,050. The share closed at Rs 1,135 on the NSE. It touched an intraday high of Rs 1,156.70 and intraday low of Rs 1,090.
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Sensex gains further; banks, IT, metals surge
At 2.10 pm today, the Sensex gained further and was inching towards the 17100 mark. The BSE bankex was trading higher; it was up over 2%. Strong buying was also seen in IT, metals, capital goods, pharma, power and auto stocks. Reliance, Infosys, ICICI Bank, L&T and Wipro were the positive contributor to the Sensex.
The Sensex was up 232.93 points or 1.38% at 17085.84, and the Nifty was up 61.25 points or 1.22% at 5068.10.
About 1631 shares advanced, 1225 shares declined, and 353 shares were unchanged.
Top gainers on the Sensex were SBI at Rs 2,173.70 up 3.96%, ICICI Bank at Rs 892.05 up 3.15%, Reliance Comm at Rs 308.85 up 3.04%, Wipro Rs 600 up 3% and Sterlite Ind at Rs 771.40 up 2.94%.
However, top losers on the Sensex were ONGC at Rs 1,168.60 down 1.48%, Grasim at Rs 2,759.30 down 1.06%, Tata Motors at Rs 587.55 down 0.55%, ITC at Rs 233.40 down 0.43% and HDFC at Rs 2,760 down 0.16%.
Top gainers on the Nifty were Axis Bank at Rs 964.50 up 4.12%, SBI at Rs 2,175.70 up 4%, Wipro at Rs 602.50 up 3.51%, ICICI Bank at Rs 896.70 up 3.50% and Reliance Comm at Rs 309.55 up 3.25%.
Most active shares on NSE were Oil India, Reliance, ICICI Bank, Axis Bank and SBI.
Top gainers on the BSE Midcap- Parsvnath, Dishman Pharma, Asian Star, Omaxe and HMT were up 9-17%.
Cigarette major ITC was trading at Rs 233.40 down 0.43% from its previous close of Rs 234.40.
Refinery major HPCL was trading at Rs 392.40 down 1.43% from its previous close of Rs 398.10.
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Nifty holds 5050; RIL, SBI, Infosys, Wipro lead
At 12.44 pm today, the Sensex was holing the 17000 mark and the Nifty was consolidating around the 5050 mark. Stocks like Reliance, Infosys, ICICI Bank, L&T and SBI were the major contributors to the bourses while HDFC, ITC, NTPC, ONGC and GAIL were the negative contributors. All the sectoral indices were trading in the green. Good buying interest was seen in banks, metals, IT, capital goods, oil &gas, realty and auto.
The Sensex was up 196.11 points or 1.16% at 17049.02, and the Nifty was up 50 points or 1.00% at 5056.85.
About 1764 shares advanced, 1068 shares declined, and 377 shares were unchanged.
Laurence Balanco, CLSA said,"If S&P 500 breaks 1,040, it can see a deep correction. The Nifty has managed to sustain its breakout and has an upside target of 5,427. We stay long with stoploss of 4,730."
Out of BSE Sensex 30 stocks, only NTPC, ITC and HDFC were trading negative. Top gainers on the Sensex were SBI at Rs 2,151up 2.88%, Sterlite Ind Rs 769.55 up 2.69%, BHEL at Rs 2,314.25 up 1.82%, Wipro at Rs 593 up 1.80% and Sun Pharma at Rs 1,414 up 1.66%.
Top gainers on the Nifty were SBI at Rs 2,150 up 2.77%, Sterlite Ind at Rs 770.20 up 2.66%, Reliance Comm at Rs 307.50 up 2.57%, HDFC Bank at Rs 1,641.50 up 1.87% and Wipro at Rs 592.85 up 1.86%.
Index heavyweight Reliance was trading at Rs 2,190.60 up 1.14% from its previous close of Rs 2,166.
Tech major Infosys was trading at Rs 2,317.10 up 1.28% from its previous close of Rs 2,287.80.
The BSE midcap and smallcap indices were trading up 0.50% each.
Top gainers on the BSE Midcap - Dishman Pharma, Asian Star, Parsvnath, HMT and Anant Raj Ind were up 5-14%.
Top gainers on the BSE Smallcap - Ashtavinayak, KLG Systel, Dhampur Sugar, Dolphin Offshore and ITI were up 10-15%.
Top percentage gainers on the BSE were Cable Corp at Rs 21.10 up 19.89%, Omkar Overseas at Rs 123.50 up 19.12%, Maxwell Ind at Rs 21.90 up 15.87%, FCS Software at Rs 97.10 up 15.60% and Ashtavinayak at Rs 78.60 up 15.42%.
Most active shares on NSE were Oil India, Reliance, Axis Bank, SBI and ICICI Bank.
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Sensex extends gains; metals, banks, IT, oil & gas up
At 11.43 hrs IST today, the Sensex was trading strong above the 17000 mark. All the sectoral indices were trading positive. The BSE metail index outperformed the other secotral indices; it was up 1.24%. Buying interest was also seen in banks, IT, oil & gas, capital goods, power, realty and pharma stocks. Reliance, Infosys, ICICI Bank, SBI and BHEL were the positive contributors to the Sensex.
The Sensex was up 174.39 points or 1.03% at 17027.30, and the Nifty was up 49.20 points or 0.98% at 5056.05.
About 1745 shares advanced, 1075 shares declined, and 389 shares were unchanged.
Top gainers on the Sensex were Sterlite Ind at Rs 768.10 up 2.50%, SBI at Rs 2,139 up 2.30%, Tata Steel at Rs 513.10 up 1.78%, Hindalco at Rs 128.90 up 1.62% and Sun Pharma at Rs 1,413.30 up 1.61%.
However, top losers on the Sensex were NTPC at Rs 211.40 down 0.49%, Tata Motors at Rs 588 down 0.47%, ITC at Rs 234 down 0.17% and HDFC at Rs 2,761 down 0.12%.
Index heavyweight Reliance was trading at Rs 2,191.15 up 1.16% from its previous close of Rs 2,166.
Tech major Infosys was trading at Rs 2,314.20 up 1.15% from its previous close of Rs 2,287.80.
Top gainers on the BSE Midcap were Parsvnath at Rs 133.50 up 6.93%, Asian Star at Rs 1,625 up 4.95%, Aurobindo Pharm at Rs 789.90 up 4.91%, Anant Raj Ind at Rs 153.00 up 4.83% and Dishman Pharma at Rs 238 up 4.68%.
Top gainers on the BSE Smallcap were Ashtavinayak at Rs 77 up 13.07%, KLG Systel at Rs 249.85 up 9.99%, Dolphin Offshor at Rs 306.25 up 9.98%, Apar Ind at Rs 194.30 up 9.77% and Dhampur Sugar at Rs 102.05 up 8.33%.
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Sensex hits 17000 for first time since May 23, 2008
At 10.40 am today, the Sensex touched the 17000 mark for the first time since May 23, 2008. Buying interest was seen in metal, auto, bank, capital goods and oil & gas stocks. However, FMCG stocks were trading weak. The broader indices, midcap and smallcap indices were up 0.50% each. Reliance, Infosys, ICICI Bank, L&T and SBI were the positive contributors to the Sensex.
The Sensex was up 161 points or 1% at 17014, and the Nifty was up 50.95 points or 1.02% at 5057.80.
About 1765 shares advanced, 1031 shares declined, and 413 shares were unchanged.
Jagdish Malkani, Taib said,"The market is in a consolidation phase & we are seeing sector rotation happening. The Nifty is likely to be in the broad range of 4700-5200 in October."
Top gainers on the Sensex were SBI at Rs 2,134.05 up 2.07%, Sun Pharma at Rs 1,416.90 up 1.87%, Sterlite Ind at Rs 762.90 up 1.80%, Reliance Comm at Rs 303.35 up 1.20% and Hero Honda at Rs 1,671.50 up 1.12%.
Index heavyweight Reliance was trading at Rs 2,182.25 up 0.75% from its previous close of Rs 2,166.
Tech major Infosys was trading at Rs 2,308.00 up 0.88% from its previous close of Rs 2,287.80.
Top gainers on the BSE Midcap - Asian Star, HMT, Era Infra Eng, Wockhardt and BOC India were up 4-11%.
Most active shares on BSE were Oil India, Dolphin Offshore, Hinduja Global, Hinduja Venture and SBI.
However, top losers on the Sensex were HDFC at Rs 2,736 down 1.03%, ITC at Rs 232.75 down 0.7%, Tata Motors at Rs 587.15 down 0.62%, NTPC at Rs 211.25 down 0.56% and Grasim at Rs 2,782.60 down 0.22%.
Oil India listed at Rs 1,096 on the National Stock Exchange today (September 30), at a premium of 4.38% to its issue price of Rs 1,050 a share.
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Sensex quiet in early trade; Pharma, oil & gas, banks up
At 9:56 am today, the Sensex opened marginally higher and was hovering around the 16900 mark. Pharma, oil & gas, banks, power and capital goods stocks were witnessing buying interest while realty stocks trading weak.
Nalco, Sun Pharma, Ranbaxy, Jindal Steel, Sterlite, TCS, Cairn India were major gainers. However, DLF, ITC and HDFC were the major losers.
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.
Oil India listed at Rs 1096 on the NSE, at a premium of 4.38% to its issue price of Rs 1050 a share.
The US markets ended lower as a drop in consumer confidence dragged on the market. The absence of leadership left stocks to drift during the afternoon, unable to reclaim their initial gains after starting the day on higher ground.
Asian markets trading mixed. SET Composite, Hang Seng, Starit Times were down 1.79%, 0.68% and 0.38% while Taiwan Weighted up 0.87%.
Market cues:
FIIs net buy USD 690 million in equities on September 25
MFs net sell Rs 107 crore in equities on September 25
NSE F&O Open Int up Rs 2428 crore at Rs 80,843 crore
FIIs net buy Rs 714 crore in cash markets on September 29 (prov)
DIIs net buy Rs 92 crore in cash markets on September 29 (prov)
FIIs net buy Rs 697 crore in F&O on September 29
F&O cues:
Futures Open Int down by Rs 427 crore, Options Open Int up by Rs 2855 crore
Nifty futures Open Int down 1%, at 6-point premium
Nifty Open Int PCR at 1.22 versus 1.26
Nifty IVs at 24-27%
Nifty Puts add 22 lakh, Nifty Calls add 28 lakh shares in Open Int
Nifty 5100 Call adds 9.9 lakh shares in Open Int
Nifty 5200 Call adds 6.9 lakh shares in Open Int
Nifty 5000 Put adds 4.3 lakh shares in Open Int
Nifty 5000 Call adds 4.3 lakh shares in Open Int
Stock futures sheds 22 lakh shares in Open Int
FIIs in F&O on September 29
Net buy Rs 158 crore in Nifty futures, Open Int down 15540 contracts
Net buy Rs 123 crore in Nifty options, Open Int up 15665 contracts
Net buy Rs 417 crore in Stock futures
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