Fri, May 10, 2013 at 17:30 PM
Markets closed higher, post positive IIP data.
Markets opened slightly weak in the morning and gaining momentum after noon session, amid positive IIP (Index of Industrial Production) data led by auto sector. Sensex closed up by 143.58 points or 0.72% at 20,082.62 after opening negative down by 27.96 points or 0.14% at 19,911.08 and touched a high of 20,119.14 and a low of 19,908.80, while Nifty closed up by 44.60 points or 0.74% at 6,094.75 after opening down by 3.90 points or 0.06% at 6,046.25 and touched a high of 6,105.30 and a low of 6,045.60 in the day.
Sectoral wise, barring Power and Metal indices which closed down by 0.30% and 0.22%, all other indices closed positive with Auto and Consumer Durables gaining the list ending up by 2.20% and 2.03%, followed by indices like FMCG and Bankex gained up by 1.42% and 1.23%, PSU, Realty and Healthcare advanced up by 0.41%, 0.36% and 0.35%, Oil & Gas and ITCapital up by 0.25% and 0.22% while Capital Goods inched up by 0.05%. From broader, markets both the Mid-cap and Small-cap index advanced up by 0.19% and 0.22%.
Major stock gainers were, Maruti Suzuki surged up by 3.99%, Tata Motors Limited, Hindalco Industries Limited, ITC and Mahindra & Mahindra gained up between 3%-2%, HDFC Bank Limited, Dr Reddys Laboratories, Bajaj Auto, ONGC and ICICI Bank Limited up between 2%-1%, Gail (India) and Tata Steel Limited up by 0.72% and 0.66%, Infosys and BHEL up by 0.43% and 0.41%, Tata Power Company, Wipro Limited and Hindustan Unilever inched up by 0.05-0.01% each.
Major stock losers were, Coal India Limited dropped by 2.96%, Jindal Steel & Power Limited declined by 2%, Sun Pharmaceuticals fell by 1.40%, NTPC, Reliance Industries Limited and Cipla Limited fell between 1%-0.50%, Larsen & Toubro, Tata Consultancy Services and Bharti Airtel Limited declined between 0.40%-0.20%, HDFC, Sterlite Industries and State Bank of India tad down between 0.20%-0.03%.
IIP growth rose at a pace of 2.5% in March 2013, after it's moderate growth of 0.06% in February 2013 and 2.4% in January 2013.
NTPC fell by 0.83%, after company reported a 28.31% increase in net profit of Rs 1,25,907.80 million for the year ended on 31 March 2013, compared to Rs 98,127.90 million in the previous year. Total income of the company increased 5.4% from Rs 6,88,424.80 million for the year to Rs 7,25,407.90 million.
Overall market breadth was a bit negative with 885 shares declined compared to 821 shares advanced while 69 shares remained unchanged.
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