the Sensex snapped a four-day losing streak and staged strong performance in the last one and half hour of the trade. The markets had witnessed volatility in the first half session of the trade. However, positive European cues and 2.8% surge in Hang Seng lifted the markets. Buying was seen across all the sectors but major upsurge in oil & gas, metal, auto (barring Tata Motors), capital goods and FMCG supported the Nifty to close above the 4650 level.
The equity benchmarks erased most of the week's losses. The 30-share BSE Sensex surged 290.79 points or 1.89%, to settle at 15,689.12. The 50-share NSE Nifty closed at 4680.40, up 86.86 points or 1.89% over previous close. They were down 1.5% and 1.1% this week, respectively.
The Nifty futures ended with a premium of around 15 points. The Nifty open interest PCR (put-call ratio) also picked up, as big build-up was seen at 4500 Put while unwinding of positions was seen at 4700 Call.
Recently listed NHPC and Adani Power closed below their issue prices of Rs 36 and Rs 100, respectively. NHPC fell 2.35%, to 35.25 and Adani Power closed at 98.60, down 1.45%.
At the time of closing of Indian equities, European markets were up 0.5-1% while the US index futures gained 0.2-0.4%. Asian markets ended mixed; Shanghai, Straits Times and Taiwan Weighted were up 0.6-0.9%. However, Nikkei and Kospi fell 0.3% each. The US markets had also snapped a four-day losing streak on Thursday and ended marginally higher on better-than-expected retail sales day.
Autos were the star performers of the day. The BSE Auto Index outperformed the other indices, up 2.9%. Amtek Auto shot up 15.93%. M&M, Escorts and MRF gained 6% each. Hero Honda, Ashok Leyland and Maruti Suzuki were up 2.5-4%. Bajaj Auto and Bharat Forge gained 1.2-1.7%. However, Tata Motors was down just 0.3%.
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All sectoral indices ended in the red. The BSE Metal, Capital Goods, Oil & Gas and Realty indices went up 2-2.7%.
Index | Closing Value | Chg (%) |
| AUTO | 6,079.27 | 2.88 |
| METAL | 12,496.06 | 2.76 |
| CAP GOODS | 12,989.09 | 2.29 |
| OIL&GAS | 9,782.17 | 2.16 |
| REALTY | 4,297.49 | 2.09 |
| FMCG | 2,589.17 | 1.71 |
| BANKEX | 8,345.34 | 1.25 |
| POWER | 2,933.41 | 1.23 |
| MIDCAP | 5,833.22 | 1.08 |
| SMALLCAP | 6,991.51 | 1.07 |
| PHARMA | 3,860.39 | 0.8 |
| IT | 4,272.54 | 0.48 |
| TECk | 3,086.80 | 0.42 |
Capital goods stocks like L&T, Siemens, ABB and Punj Lloyd were up 2-3.5%. BHEL rose 0.73%.
In the oil & gas space, ONGC and Reliance Industries gained 2.5-3%. Cairn India was up 1.58% and BPCL up 0.90%.
Realty stocks like Peninsula Land surged 12.13% and Ansal Properties up 5.28%. Indiabulls Real and Unitech were up 3.5-3.7%. HDIL was up 1.72% and DLF up just 0.36%.
In the FMCG space, ITC and HUL gained 2.3-2.8%. Banking stocks like Kotak Mahindra, Axis Bank, HDFC Bank, ICICI Bank and SBI went up 1-2%.
Power stocks like Lanco Infratech, Reliance Infrastructure and Tata Power increased over 2%. Reliance Power, GVK Power, Power Grid Corp, GMR Infra and NTPC wer eup 0.4-0.9%.
In the pharma space, Ranbaxy Labs, Lupin, Aurobindo Pharma, Sun Pharma and Dr Reddys Labs gained 1-2%. Cipla and Dishman Pharma moved up just 0.7% each.
Technology stocks like Tech Mahindra, HCL Tech, Infosys and Wipro were up 0.3-0.9%. However, TCS fell 0.3%.
In the telecom pack, Tata Communication went up 1.43%. Idea Cellular, Reliance Communication, Tata Teleservices and Bharti Airtel rose 0.2-0.8%.
Volumes also picked up to Rs 91,761.86 crore as against Rs 83,323.07 crore on Thursday. This included Rs 15,805.77 crore from the NSE cash segment, Rs 70,260.73 crore from the NSE F&O and the balance Rs 5,695.36 crore from the BSE cash segment.
The broader indices also followed the same trend and gained 1% each. The market breadth was positive; about 1,634 shares advanced while 1,226 shares declined on the BSE. Nearly 330 shares remained unchanged.
In the midcap space, IFCI, Monnet Ispat and Praj Industries were up 8-11% while HOEC, Berger Paints, Shree Renuka, REI Six Ten and Redington fell 3-4.5%.
In the smallcap space, Astra Microwave shot up 19.5% and Take Solutions up 16.19%. CMC, Uttam Galva and Radico Khaitan wereup 9.5-11%. However, Century Plyboard, Suraj Stainless, Suven Life Sciences, Religare Tech and Austral Coke declined 5% each.
Top percentage gainers - Ambika Cotton, LKP Finance, MM Forgings, RR Finance, Cambridge Technologies, LT Foods and Shivam Auto were up 20% each.
On the commodities front, Nymex Crude October contract was off day's low on the back of bargin buying ahead of long weekend and OPEC meeting, which will be on September 9.
Base metals also gained. Aluminium and copper were up 0.5% each. Zinc was the star performer on the LME (London Metal Exchange), up 4.3%. It was trading at 13 1/2-month highs while Lead was trading at 19-month highs.
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Nifty trades above 4650; all sectoral indices in green
At 14:18 hours IST, the Sensex extended gains and started trading above the 15,600 level while the Nifty also surpassed the 4,650 on the back buying of across all the sectors. Oil & gas, metal, banking, FMCG, auto (barring Tata Motors) and capital goods were witnessing buying interest.
The benchmark indices were outperforming the broader indices, which gained 1%. The Sensex was up 308 points, to 15,706 and the Nifty up 93 points, to 4,686. About 1,626 shares advanced while 1,191 shares declined on the BSE. Nearly 373 shares were unchanged.
European markets were trading higher; DAX and FTSE were up over 1% while CAC was up 0.6%.
On the sectoral front, BSE Auto, Metal, FMCG, Capital Goods and Oil & Gas indices went up over 2%. Bank, Power, IT and Healthcare indices gained 1-1.5%.
In the largecaps, Reliance Industries, ONGC, L&T, HDFC, ITC, SAIL, Sterlite, Jindal Steel, HUL, Hero Honda, Maruti and Tata Steel were up 2.5-3.5%. M&M shot up 7%. SBI, ICICI Bank and HDFC Bank were up 1.2-1.6%.
In the smallcap space, Astra Microwave surged 16.70% and Take Solutions up 14.95%. Radico Khaitan, Uttam Galva and CMC gained 9-10.5%.
In the midcap space, Amtek Auto, IFCI, Monnet Ispat, MRF and Motherson Sumi were up 6-14%.
Nifty gains strength on positive European cues
At 12:45 hours IST, the Nifty gained strength post positive opening of European markets, which gained 0.5-0.9%. The Nifty was trading above the 4600 mark while the Sensex hit 15,500 level but they remained volatile. Asian markets were mixed but Hang Seng was up 2%.
Oil & gas exploration, metal, capital goods, auto (barring Tata Motors), select banking and pharma companies' shares were witnessing buying interest. However, selling in DLF, TCS, Tata Motors, NTPC, Bharti, Infosys, Suzlon and Cipla capped the gains to some extent.
The Nifty was up 27 points, to 4,621 and the Sensex was up 89 points, to 15,486. The BSE Midcap and Smallcap indices gained 0.5% each.
In the oil & gas space, IOC, HPCL, Reliance Industries and ONGC were up 0.8-1%. Reliance Petroleum, BPCL and Cairn India gained 0.4-0.6%.
Metal stocks like Hindustan Zinc, Jindal Saw, Jindal Steel, JSW Steel, Sterlite Industries, Hindalco, SAIL and Tata Steel went up 1.7-3.9%.
In the auto space, Amtek Auto surged 10%. M&M, Ashok Leyland, Escorts, Hero Honda and Bajaj Auto were up 1.5-3.5%. Maruti Suzuki was up 0.75%.
Capital goods stocks like ABB, L&T, BHEL and Siemens gained 0.6-1%.
In the pharma pack, Lupin, Ranbaxy Labs, Aurobindo Pharma, Dishman Pharma, Sun Pharma and Dr Reddys Labs went up 0.8-1.8%.
Sensex lacklustre; M&M, Sun Pharma, Hero Honda, Hindalco up
At 12:03 hours IST, the Sensex was rangebound between 15,395-15,450 while the Nifty was trading between 4,585-4615. Asian markets were also mixed. The broader indices were following the same trend.
Realty, technology, telecom and select power stocks along with Tata Motors, HDFC, Cipla and Ambuja Cements were witnessing selling pressure. However, buying continued in oil & gas exploration, metal, select pharma and auto companies' shares.
The Nifty was up just 1 point, to 4,594 and the Sensex up 11 points, to 15,409. The market breadth was mixed; about 1,352 shares advanced while 1,427 shares declined on the BSE. Nearly 411 shares were unchanged.
In commodities, Zinc was up 3% on the LME (London Metal Exchange). Lead rose 2%, at 19-month high.
Newly listed Adani Power and NHPC (was the top traded counter as well) were trading below their issue prices of Rs 100 and Rs 36, respectively. Adani Power was trading at Rs 97.75, down Rs 2.3, or 2.3% while NHPC was at Rs 34.80, down Rs 1.3, or 3.6%.
In the largecaps, M&M, Hero Honda, Hindalco, Sun Pharma, Tata Steel and SAIL were up 1-2.5%. However, DLF, Tata Motors, Jaiprakash Associates, Reliance Communication, Infosys, GAIL, Suzlon Energy and Idea Cellular lost 1-3%.
Top percentage gainers - Astra Microwave, Trent (W), Austin Eng, Classic Diamond, Shilp Gravures, R Systems Intl, Radico Khaitan and Ambika Cotton gained 11-16%.
Top percentage losers - Ken Financial, Bhagiradh Chem, Lincoln Pharma, Archies, Andhra Sugar, SIL Invest, Ind-Swift Labs and Nilkamal were down 5.5-9%.
Nifty consolidates, hovers around 4600; DLF, RComm dip
At 10:55 hours IST, the Nifty continued its consolidation and was hovering around the 4600 mark. Shares of oil & gas exploration, metal, select financial, pharma and auto companies were supporting the markets. However, the sell-off in technology stocks, NTPC, Reliance Communication, DLF, Tata Motors, HDFC Bank, Grasim, PNB, Cipla and ITC capped the gains.
The broader indices were outperforming the benchmark indices by small margin; up 0.5% each. About 1,530 shares advanced while 1,235 shares declined on the BSE. Nearly 425 shares were unchanged.
The Sensex was up 16 points, to 15,414 and the Nifty rose 5.5 points, to 4,598. The Nifty September futures remained in discount.
Reliance Communication declined just over 1% on profit booking, after seeing 10% rally in last two days on the buzz that its subsidiary Reliance Infratel may file IPO papers soon.
In the midcap space, Amtek Auto gained 10%. JM Financial, Godrej Industries, National Fertilisers nad Torrent Pharma were up 3.3-5%. However, HOEC, Gujarat Flourochem, Berger Paints, REI Six Ten and Blue Dart fell 2.7-5%.
In the smallcap space, Astra Microwave surged 15.56%. Indo Rama Synthetics, Uttam Galva, Radico Khaitan and Panyam Cements gained 8-10.5%. However, Kwality Dairy, Geekay Finance, Suven Life Science, Austral Coke and Shree Ram Urban lost 5% each.
Uttam Galva, Suzlon Energy, DLF, Reliance Communication, Geodesic, Tata Steel, Unitech and Reliance Industries were most active shares on the bourses.
Sensex bounces back but remains volatile; metals gain
The Sensex started the day with a positive bias after seeing downtrend in the last four days. The Nifty clawed back above 4600 but was volatile in trade. Metal, realty and select auto stocks were witnessing buying interest while FMCG was under pressure.
At 9:56 am, the Nifty rose 12 points, to 4,605 and the Sensex was up 35 points, to 15,433. The CNX Midcap went up 0.66%, to 9,062 and the BSE Midcap up 0.89%, to 6,979.
Among the frontliners, Unitech, SAIL, Suzlon Energy (ahead some corporate action), Ranbaxy Labs, Jindal Steel, Sterlite Industries, GAIL, Reliance Power, DLF, Tata Motors and Hindalco were the gainers.
However, HUL, ITC, Cairn (the compnay) and Infosys were the losers.
Midcap space:
Maytas Infra was locked at 5% upper circuit today as well. Nocil rose 3%.
Brokerage stocks like JM Financial and Geojit BNP gained 5-7%. Geodesic Info surged 5.5%.
S Kumars Nationwide was up 4% and Arvind up 2.5%. Astra Micro was up 7.5%.
NHPC was holding its issue price of Rs 36 a share
Shree Renuka Sugars rose 0.5%, Amar Remedies up 5%, Ashok Leyland up 2% and Indiabulls Realty up 1.5%.
However, Archies lost 4% after seeing strong rally in the last few days.
Global Cues:
Asian markets were quiet in trade. Shanghai, Hang Seng and Taiwan Weighted were up 0.2-0.5%. However, Jakarta, Nikkei, Straits Times and Kospi fell 0.2-0.8%.
The US markets gained after stronger-than-expected retail sales data. Bank, retail and gold stocks advanced.
The Dow Jones Industrial Average was up 64 points at 9,344.6; S&P 500 Index up 8.5 points at 1,003.2 and Nasdaq Composite up 16 points at 1,983.2.
Commodities:
Gold prices climbed 2% to $997.2/ounce on Thursday, at six-month highs.
Silver surged 6% at $16.29/ounce, at 52-week highs.
Crude oil was down 0.2% at $67.9/bbl.
Index of 6 metals in London climbed 1.6%.
Copper gained 1.5% and Lead gained 7.8% to $2280/tonne, at 15-month highs.
Market cues:
-FIIs net sell USD 117 million in equity on September 2
-NSE F&O Open Int up Rs 1939 crore at Rs 79,973 crore
-FIIs net sell Rs 73 crore in cash markets September 3 (prov)
-DIIs net buy Rs 382 crore in cash markets September 3 (prov)
-FIIs net sell Rs 360 crore in F&O on September 3
F&O cues:
-Futures Open Int up Rs 475 crore
-Options Open Int up Rs 1,464 crore
-Nifty down 0.3%, Open Int up by 2%
-Nifty Futures at 6-pt discount vs 6-pt prem
-Nifty Futures add 6 lakh shares in Open Int
-Nifty IVs at 31-34%
-Nifty Open Int PCR at 1.12 versus 1.22
-Nifty Puts shed 4.6 lakh
-Nifty Calls add 26.7 lakh shares in Open Int
-Nifty 4700 Call adds 12.5 lakh shares in Open Int
-Nifty 4600 Call adds 8.4 lakh shares in Open Int
-Nifty 4600 Put adds 2.7 lakh shares in Open Int
-Nifty 4500 Put sheds 7.7 lakh shares in Open Int
-Stock Futures sheds 4.6 lakh shares in Open Int
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