MUMBAI (Commodityonline): Indian bourses opened in positive territory despite weak global cues. Indices extended gain led by IT, Oil & Gas and Metal stocks. On the other hand selling was seen in Consumer durable and FMCG stocks.
Indices remained choppy and range bound in afternoon session. Indices witnessed sharp fall in closing session tracking European cues. European market opened in positive territory but trim the early morning gain put pressure on local markets. Indices pared over two hundred points from the high points of the day.
However, indices closed in positive territory after heavy sell off last eight days. Markets breadth remained marginally negative back of weakness in Midcap and Smallcap stocks. Both Midcap and Smallcap indices ended almost flat.
BSE Sensex closed at 16065.42 with the gain of 119.32 points and at NSE Nifty closed at 4812.35 with the gain of 34 points at the end of the day. BSE Midcap index closed at 5629.33 with the gain of 19.02 points and BSE Smallcap index closed at 6080.57 with the gain of 1.91 points.
In percentage term key gainers were Tata Motors Ltd (NSE: TATAMOTORS), Jaiprakash Associates Ltd (NSE: JPASSOCIAT) and Bharat Petroleum Corporation Ltd (NSE: BPCL) while key losers were Siemens Ltd (NSE: SIEMENS), Bharti Airtel Ltd (NSE: BHARTIARTL) and Tata Power Company Ltd (NSE: TATAPOWER).
On sectoral front major buying was seen in IT, Metal, Auto, Pharma and Oil & Gas sectors. Major selling was seen in Consumer Durable and FMCG sectors. Markets breadth on BSE remained negative were 1325 advances against 1446 declines stocks.
From the perspective of weight in Nifty key gainers were Infosys Ltd (NSE: INFY), Housing Development Finance Corporation (NSE: HDFC) and Tata Motors Ltd (NSE: TATAMOTORS) while key losers were ITC Ltd (NSE: ITC), Bharti Airtel Ltd (NSE: BHARTIARTL) and Hindustan Unilever Ltd (NSE: HINDUNILVR).
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