MUMBAI (Commodityonline): Indian bourses opened gap up amid strong global cues. Indices soon extended gain led by IT, Auto and Metal stocks. On the other hand selling was seen to capital goods stocks.
Markets remained choppy and lackluster after early morning gain. Indices traded range bound most of the day. Stock specific activity was seen. Market give up partial gain in closing session led by banking stocks ahead of RBI policy tomorrow.
Markets breadth remained negative back of weakness in Midcap and Smallcap indices. Both the indices closed with muted losses underperform the benchmark indices.
BSE Sensex closed at 16939.28 with the gain of 153.64 points and at NSE Nifty closed at 5098.35 with the gain of 48.40 points at the end of the day. BSE MIDCAP index closed at 6091.78 with the loss of 20.09 points and BSE SMALLCAP index closed at 6805.68 with the loss of 19.42 points.
In percentage terms key gainers were Tata Motors Ltd (NSE: TATAMOTORS), Oil & Natural Gas Corporation Ltd (NSE: ONGC) and Reliance Power Ltd (NSE: RPOWER) while key losers were Larsen Toubro Ltd (NSE: LT), State Bank of India Ltd (NSE: SBIN) and Sun Pharmaceuticals Industries Ltd (NSE: SUNPHARMA).
On sectoral front almost all the sectoral indices closed in green barring Capital Goods and Banking & Financial sector closed marginally in red. Major buying was seen in IT, Auto, Oil & Gas, FMCG and Realty sectors. Market breadth on BSE remained negative were 1275 advances against 1542 declines stocks.
From the perspective of weight in Nifty key gainers were Infosys Technologies Ltd (NSE: INFY), Reliance Industries Ltd (NSE: RELIANCE) and ITC Ltd (NSE: ITC) while key losers were Larsen Toubro Ltd (NSE: LT), State Bank of India Ltd (NSE: SBIN) and HDFC Bank Ltd (NSE: HDFCBANK).
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