The domestic market staged a smart recovery from its initial losses on sustained buying momentum and ended the day on an impressive note as IAEA discusses India specific safeguard agreement for use of nuclear power for civilian use. The market also got a boost after the government announcement of new guidelines for 3G spectrum. According to the Telecom minister, the government will hold a global auction for third generation mobile services for both GSM and CDMA players. Market opened in downbeat note tracking weak global cues and was not able to gain the momentum in early trading. Further, market gained some ground during mid session and staged a smart bounce back due to selective buying over the ground. Market continued its northward journey since afternoon and ended in green. NSE Nifty ended above 4,400 mark and BSE Sensex above 14,600 level. On the sectoral front, Capital goods and Power stocks were in the limelight and closed with gains of more than 3%. In addition to this, Oil & Gas and Bank stocks also closed with gains of more than 3%. Other than these, Metal, Reality and IT stocks also contributed in positive sentiment. However, Auto and FMCG stocks witnessed selling pressure. The market breadth was positive as 1551 stocks closed in green while 1108 stocks closed in red and 73 stocks remained unchanged.
The BSE Sensex closed higher by 300.94 points at 14,656.69 and NSE Nifty ended up by 80.60 points at 4,413.55. The BSE Mid Caps closed with gains of 75.37 points at 5,642.74 and Small Cap ended up by 67.31 points 6,980.10. The BSE Sensex touched intraday high of 14,682.33 and intraday low of 14,032.87.
Gainers from the BSE are JP Associates (8.67%), SBI (6.05%), HDFC (5.51%), Reliance Infra (4.71%), BHEL (4.61%), Reliance (4.24%), Wipro Ltd (3.99%), Tata Steel (3.92%), NTPC Ltd (3.67%) and Infosys Tech (3.59%).
The BSE Capital Goods index gained 448.20 points to close at 12,132.00. Major gainers are Suzlon Energy (7.00%), Kalpat Power T (6.35%), Crompton Greaves (5.56%), Siemens Ltd (5.28%), Punj Lloyd (4.91%) and BHEL (4.61%).
The Metal index closed up by 337.70 points at 13,250.31. Gainers are JSW SL (8.48%), Jindal Saw (7.46%), NMDC Ltd (4.99%), Ispat Industries (4.41%), Tata Steel (3.92%), and Sesa Goa Ltd (3.35%).
The Oil & Gas index ended up by 317.39 points at 10,046.87. As Essar Oil Ltd (5.89%), Reliance (4.24%), Reliance Nat Res (4.19%), IOC (3.38%), Gail India (3.12%) and Reliance Pet (3.58%) closed in positive territory.
The BSE Bank index closed higher by 212.24 points at 6,728.65. Gainers are Bank of Baroda (7.98%), PNB (7.16%), Canara Bank (7.07%), Federal Bank (6.66%), Bank of India (6.17%), SBI (6.05%), and Kotak Bank (6.01%).
The BSE Reality index ended higher by 120.19 points at 5,199.20. As Omaxe Ltd (5.04%), Parsvnath (4.92%), Anant Raj In (4.77%), Penland Ltd (4.09%), Orbit Co (3.90%), Unitech Ltd (3.70%), and DLF Ltd (2.13%) closed in positive territory.
The BSE Auto index lost 23.02 points to close at 3,656.49. Major losers are Maruti Suzuki (2.50%), Apollo Tyre (2.47%), Bajaj Auto (2.21%), Amtek Auto (1.66%), MRF Ltd (1.39%) and Tata Motors (1.15%).
The BSE Sensex closed higher by 300.94 points at 14,656.69 and NSE Nifty ended up by 80.60 points at 4,413.55. The BSE Mid Caps closed with gains of 75.37 points at 5,642.74 and Small Cap ended up by 67.31 points 6,980.10. The BSE Sensex touched intraday high of 14,682.33 and intraday low of 14,032.87.
Gainers from the BSE are JP Associates (8.67%), SBI (6.05%), HDFC (5.51%), Reliance Infra (4.71%), BHEL (4.61%), Reliance (4.24%), Wipro Ltd (3.99%), Tata Steel (3.92%), NTPC Ltd (3.67%) and Infosys Tech (3.59%).
The BSE Capital Goods index gained 448.20 points to close at 12,132.00. Major gainers are Suzlon Energy (7.00%), Kalpat Power T (6.35%), Crompton Greaves (5.56%), Siemens Ltd (5.28%), Punj Lloyd (4.91%) and BHEL (4.61%).
The Metal index closed up by 337.70 points at 13,250.31. Gainers are JSW SL (8.48%), Jindal Saw (7.46%), NMDC Ltd (4.99%), Ispat Industries (4.41%), Tata Steel (3.92%), and Sesa Goa Ltd (3.35%).
The Oil & Gas index ended up by 317.39 points at 10,046.87. As Essar Oil Ltd (5.89%), Reliance (4.24%), Reliance Nat Res (4.19%), IOC (3.38%), Gail India (3.12%) and Reliance Pet (3.58%) closed in positive territory.
The BSE Bank index closed higher by 212.24 points at 6,728.65. Gainers are Bank of Baroda (7.98%), PNB (7.16%), Canara Bank (7.07%), Federal Bank (6.66%), Bank of India (6.17%), SBI (6.05%), and Kotak Bank (6.01%).
The BSE Reality index ended higher by 120.19 points at 5,199.20. As Omaxe Ltd (5.04%), Parsvnath (4.92%), Anant Raj In (4.77%), Penland Ltd (4.09%), Orbit Co (3.90%), Unitech Ltd (3.70%), and DLF Ltd (2.13%) closed in positive territory.
The BSE Auto index lost 23.02 points to close at 3,656.49. Major losers are Maruti Suzuki (2.50%), Apollo Tyre (2.47%), Bajaj Auto (2.21%), Amtek Auto (1.66%), MRF Ltd (1.39%) and Tata Motors (1.15%).
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