Back to bullish ways

STOCKS REPORT

The benchmark Sensex on Wednesday bounced back after Tuesday's setback of 57 points, aided by a rally in power, banking, finance, metal and cement sectors. The market sentiment turned positive in solidarity with the boom in the US and European markets.

The Sensex closed on Wednesday at 7287.60, up 67.35 points. The Nifty ended 17.45 points higher at 2228.20.

Hemang Rustagi, chief executive officer of Wiseinvest Advisors Pvt Ltd, said, "The market has been doing very well, thanks to the FII money that keeps flowing in. The mid-cap segment has corrected and is now showing strength again, which is clearly a good sign for the markets."

The breadth of the market turned positive strongly with 1,634 stocks advancing as against 851 stocks declining. Of the 30 shares in the BSE basket, only 8 stocks ended negative. The volumes accounted for Rs 3,023.07 crore on the BSE and Rs 5,835.30 crore on the National Stock Exchange (NSE).

Among the big gainers in frontline stocks, NTPC was up 3.96 per cent to Rs 89.30, BHEL was up 3.28 per cent to Rs 892.15, HDFC was up 3.22 per cent to Rs 930.70, Tata Power gained 2.69 per cent to Rs 399.40, Hindalco ended 2.54 per cent higher to close at Rs 1,257.70 and SBI ended 2.43 per cent high to close at Rs 720.70.

All the indices ended positive on Wednesday. The BSE Consumer Durables index was the biggest gainer, up 3.22 per cent to 2097.06, followed by the BSE Metal index and the BSE Capital Goods index, up 2.20 per cent to 5434.84 and 3764.57, respectively, and the BSE Mid-cap index gaining 1.89 per cent at 3412.63.

The top consumer durables gainers were""JL Morison, up 3.66 per cent to Rs 218.00, Nirma, up 0.97 per cent to Rs 415.25, Henkel Spic was up 0.67 per cent to Rs 30.10, Dabur (I) was up 0.49 per cent to Rs 134.40 and Godrej India was up 0.30 per cent at Rs 230.85.

Among the top losers in this sector were""Rayban Sun Opticals, down 2.06 per cent to Rs 73.60, Godrej Consumer Goods, down 1.63 per cent to Rs 334.70, Marico, down 0.55 per cent to Rs 264.40, Colgate, down 0.32 per cent at Rs 246.20.

Among the top gainers in the information technology sector, Geodesic Inform was up 19.99 per cent to Rs 185.80, Finanancial Technology was up 10.72 per cent to Rs 652.80, Sonata Software was up 9.31 per cent to Rs 32.30, Mindteck (I) was up 8.98 per cent to Rs 48.55 and Moser Baer was up 5.62 per cent at Rs 217.15.

Among the top losers in this sector were""Hexaware Technology, down 3.72 per cent to Rs 120.30, Scandent Solutions, down 2.35 per cent to Rs 220.20, SPEL Semiconductors, down 2.26 per cent to Rs 21.65, Mastek, down 0.96 per cent at Rs 374.70 and Ramco Systems, down 0.95 per cent at Rs 363.45.

The top gainers in the banking sector were""Karnataka Bank, up 20.76 per cent to Rs 116.90, South India Bank, up 10.27 per cent to Rs 62.25, IndusInd Bank, up 8.11 per cent to Rs 76.65, Karur Vysya Bank, up 5.77 per cent to Rs 462.80 and Indian Overseas Bank, up 5.72 per cent at Rs 83.20.

Among the top losers in this sector were""State Bank of Mysore, down 2.83 per cent to Rs 2,575, ICICI Bank, down 0.02 per cent to Rs 431.75 and State Bank of Bikaner & Jaipur, down 0.42 per cent to Rs 2,250.

Among the top gainers in the automobile sector, Maharashtra Scooters was up 7 per cent to Rs 243.20, Hindustan Motors was up 3.92 per cent to Rs 35.80, HMT was up 2.93 per cent to Rs 45.60, Mahindra & Mahindra was up 2.59 per cent to Rs 597.10 and Escorts was up 1.90 per cent at Rs 85.90. Among the top losers in this sector were""Eicher, down 2.16 per cent to Rs 124.40, Maruti Udyog, down 0.66 per cent to Rs 459.55 and Swaraj Mazda, down 0.52 per cent to Rs 380.

Foreign institutional investors were net buyers of Indian shares worth Rs 380 crore on Tuesday, while domestic mutual funds were net sellers to the tune of Rs 63 crore.