Mon, Apr 22, 2013 at 17:30 PM
Markets ended higher, amid buying in banking and metal sector.
Markets after opening almost flat in the morning and gaining in later sessions and managed to close higher, amid buying interest in banking, metal and consumer durable secrtors. Sensex closed up by 153.37 or 0.81% at 19,169.93 after opening marginally down by 26.68 points or 0.14% at 18,989.78 and touched a high of 19,204.90 and a low of 18,989.78 while Nifty ended up by 51.30 points or 0.89% at 5,834.40 after opening marginally up by 6.75 points or 0.12% at 5,789.85 and touched a high of 5,844.85 and a low of 5,789.80 in the day.
Sectoral wise, barring IT index which ended negative dropping by 2.37% all other indices closed positive. Topping the gainers list was Consumer Durables closing surging up by 4.26%, Realty and Capital Goods gaining up by 3.41% and 3.33%, Bankex, Metal and Power indices gained up between 3%-2%, PSU up by 1.28%, FMCG and Auto advanced up by 0.57% and 0.32%, while Healthcare and Oil & Gas tad up by 0.20% and 0.19%. From broader markets, Mid-cap and Small-cap indices gained up by 1.44% and 0.90% respectively.
Major stock gainers were, Coal India Limited and Larsen & Toubro surged up by 4.33% and 4.21%, HDFC Bank and BHEL gained up by 3.85% and 3.04%, Tata Steel Limited, ICICI Bank, HDFC and NTPC Limited advanced up between 3%-2%, Hindalco Industries Limited, Hero Motocorp, Jindal Steel & Power Limited, State Bank of India, Sun Pharmaceuticals and Reliance Industries Limited up between 2%-1% each, Maruti Suzuki, Gail (India), Tata Power Company and ITC up between 1%-0.50% while Bharti Airtel Limited advanced up by 0.43%.
Major stock losers were, Wipro Limited slumped by 7.95%, Infosys slipped by 2.22%, ONGC dropped by 1.84%, Tata Consultancy Services down by 1.75%, Bajaj Auto declined by 1.67%, Mahindra & Mahindra down by 1.20%, Dr Reddys Laboratories fell by 1.07%, Cipla Limited down by 0.90%, Sterlite Industries Limited down by 0.28 while Hindustan Unilever tad down by 0.09%.
Wipro Limited drowned by 7.95% after the company forecasting weak sales in its IT division for current quarter ending June 2013, revenue between $1.58-$1.61 billion compared to its $1.59 billion for the March quarter ended. Whereas, company reported 0.72% quarter-on-quarter growth in its consolidated net profit.
Overall market breadth was positive with 1,390 shares advanced compared to 1,004 shares declined while 138 shares remained unchanged.
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