MUMBAI (Commodityonline): Indian bourses opened gap up amid strong global cues. Indices gained led by Metal and Financial stocks. On the other hand profit booking witnessed in Oil and Gas stocks.
Markets plunged in afternoon session tracking European cues. European makets opened in negative terrritory which put pressure on local markets. Indices paired all the gain in afternoon session. However late recovery in closing session helped indices to continued its winning streak.
Markets breadth remained positive back of all round buying. Midcap and Smallcap indices closed with gain of 1.2% and 1.4% respectively. Benchmark indices ended up with gain over half percent each.
BSE Sensex closed at 17707.31 with the gain of 102.35 points and at NSE Nifty closed at 5361.65 with the gain of 35.80 points at the end of the day. BSE MIDCAP index closed at 6122.57 with the gain of 76.47 points and BSE SMALLCAP index closed at 6781.93 with the gain of 95.38 points.
In percentage terms key gainers were ACC Ltd (NSE: ACC), Ambuja Cements Ltd (NSE: AMBUJACEM) and Siemens Ltd (NSE: SIEMENS) while key losers were Tata Power Company Ltd (NSE: TATAPOWER), Hindustan Unilever Ltd (NSE: HINDUNILVR) and Sun Pharmaceuticals Industries Ltd (NSE: SUNPHARMA).
On sectoral front almost all the sectoral indices closed in green barring Pharma sector closed marginally in red. Major buying was seen in Realty, Capital Goods, Metal and Banking & Financial sectors. Market breadth on BSE remained positive were 1845 advances against 1071 declines stocks.
From the perspective of weight in Nifty key gainers were Larsen & Toubro Ltd (NSE: LT), State Bank of India Ltd (NSE:SBIN) and ICICI Bank Ltd (NSE: ICICIBANK) while key losers were Hindustan Unilever Ltd (NSE: HINDUNILVR), Reliance Industries Ltd (NSE: RELIANCE) and Tata Power Company Ltd (NSE: TATAPOWER).
Courtesy: www.makemystocks.com
