Markets staged a smart recovery in the past one hour. The markets had recovered from its intra low levels, the Sensex was up 65 points at 20,049 and Nifty was higher by 22 points at 6002.
Hindalco Industries led the rally among the sensex stocks, the stock was trading higher by 2.27% at Rs 239 followed by Sterlite Industries up 2.14% at Rs 184. ITC, Tata Steel, Larsen & Toubro and NTPC were also among the gainers. On the other hand Tata Motors continued to remain the top loser the stock was down 2.4% to Rs 1316 followed by BHEL, ICICI Bank, Maruti Suzuki, ONGC and HDFC.
BSE Consumer Durables index was the top gainer on the sectoral charts, the index was up nearly 2% or 115 points at 6114, Metal index added 1.25% or 213 points at 17,254. FMCG,Capital Goods and Healthcare indices were also trading higher by more than 0.76%. BSE Auto index was down 056% or 56 points at 10,012 and PSU index was marginally in the red down 6 points at 9334.
Titan Industries led the rally among the Consumer Durable stocks, the stock was trading higher by 3.8% at Rs 3462, Videocon Industries, Gitanjali Gems and Whirlpool were also among the gainers. On the metal index Hindalco Industries was the top gainer up 2% at Rs 238 followed by Sesa Goa, Sterlite Industries, NALCO, Tata Steel and JSW Steel up more than 1% each.
Tata Motors, Ashok Leyland, Exide Industries, Maruti Suzuki and Cummins India were losers among the auto stocks.
The broader markets continued to trade on a flat note with the mid-cap index adding 8 points at 7616 and the small-cap index adding 27 points at 9352.
BF Utilities was the top gainer among the mid-cap stocks up 9% at Rs 772 followed by MVL, Bajaj Hindusthan, Jubliant Foodworks, Gammon Infratructure and HCL up more than 3.6% each. Jindal Worldwide, Hercules Hoist, Hanung Toys, Modern India, Jayaswal Neco and Bajaj Hind Sugar were among the major gainers on the small-cap index.
The overall market breadth was positive as 1512 stocks advanced while 1255 stocks declined.
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