Euphoria continues despite crude spike

STOCK REPORT

The Sensex on Thursday surged for the second day in a row, rocketing past its all-time high. The benchmark index closed 86.69 points higher at 7816.51.

At the NSE, the Nifty ended the day at 2377, up 16 points. The increasing global crude prices and the subdued US market did not contain the euphoria in the markets.

Healthcare, banking, FMCG and automobile sectors were drawing heavy attention all through the day. The market breadth was very positive as 1,789 scrips advanced against 789 scrips that declined.

It was surprising that the heavyweights went unnoticed in the bullish market. The big ones that went down were- Infosys, Reliance Industries, ONGC, TCS, ITC, HDFC Bank and Reliance Energy.

Among the top gainers in the sensitive index were-Dr Reddy's Labs, up 4.89 per cent to Rs 849.10, HLL (4.67 per cent), HDFC (4.40 per cent), Cipla (4.30 per cent) and Ranbaxy (4.16 per cent).

Domestic mutual funds were net buyers of Rs 189.43 crore. The FIIs were net sellers of Rs 98.10 crore worth of Indian shares after providing liquidity to the markets for past many weeks.

The cash market turnover of both BSE and NSE collectively amounted to more than Rs 10,000 crore. The traded volume on the BSE was Rs 4,150.15 crore while on the NSE it was Rs 7,480.22 crore.

All indices except IT and the Oil & Gas ended up. The top gainer among the indices was the BSE Healthcare index, up 2.53 per cent, aided by Ranbaxy.

The stock ended as one of the top gainers of the day, gaining over 3 per cent. Other indices registered major gains were BSE Auto (1.69 per cent), BSE FMCG (1.53 per cent) and the BSE Small-Cap index (1.66 per cent).

HMT was the major gainer in the auto segment. The stock surged over 31.38 per cent on Thursday. Other major gainers were Eicher Motors (3.62 per cent), Hero Honda (3.30 per cent), Tata Motors (3.28 per cent) and Ashok Leyland (2.28 per cent).

The major losers were-Hindustan Motors (2.02 per cent), Maha Scooters (1.93 per cent), LML (1.44 per cent) and Premier Ltd (1.38 per cent).

In the FMCG sector, the biggest gainer was Godrej India, up 4.84 per cent to Rs 248.15. Other major gainers were-HLL (4.67 per cent), Vashisti Detergents (3.28 per cent), Marico (2.97 per cent) and Proctor & Gamble (2.92 per cent).

The major losers were-JL Morison (2.16 per cent), Rayban Sun Opticals (0.92 per cent), Gillette India (0.20 per cent) and Dabur (0.76 per cent).

Nifty stocks which went up were-Tata Chemicals, Tata Tea, GlaxoSmithKline, MTNL, Zee Telefilms and Bharat Petroleum Corporation Punjab National Bank, Colgate-Palmolive, Oriental Bank of Commerce, IPCL and Dabur India.

The scrips ending marginally higher were- Mahindra & Mahindra, HCL Technologies, Shipping Corporation of India and SAIL. The major losers were HPCL, Sun Pharmaceuticals, VSNL and GAIL India.

Oil scrips such as Chennai Petroleum, IBP, Mangalore Refineries, Essar Oil, Hindustan Oil Exploration, Jindal Drilling, Gujarat Gas, Castrol India and Indian Oil Corporation were in the red.