Rising relentlessly

STOCK REPORT

The Sensex spiked up to a new high as the mid-cap and small-cap stocks witnessed renewed buying interest. The bull-market gained strength further with domestic firms registering inspiring quarterly figures and the continuing strong FII inflow.

The BSE sensitive index climbed another 86.59 points to close the day at 7756.04. At the NSE, the Nifty was up 35.60 points to an all time high of 2353.65. The volumes were retained at the exchanges as the rains receded. While the trade in BSE amounted to Rs 3,091 crore the NSE trades volumes rose to the tone of Rs 4408 crore.

The Tata and Reliance heavyweights shared the top five positions in the thirty stock index. The Tata Motors scrip was the highest gainer, backed by its strong post-merger quarter results. The scrip went up 5.22 per cent to Rs 526.90.

The other major gainers were Reliance Industries (4.78 per cent), TCS (3.10 per cent), Tata Steel (2.47 per cent), Reliance Energy (2.14 per cent), BHEL (2.13 per cent) and Dr Reddy's Labs (2.13 per cent).

The foreign institutional investors were net buyers of Indian shares worth Rs 642.70 crore on Monday, while domestic mutual funds were net buyers of Rs 134.40 crore. The market breadth was highly positive as 1728 stocks advanced on BSE as against 785 stocks that declined.

Among the indices, the BSE bank index was the sole loser, down 0.35 per cent. The BSE Consumer Durables Index was the highest gainer, up 5.11 per cent followed by the BSE Oil and Gas index, up 4.12 per cent.

Other major gainers were the BSE IT index (2.13 per cent), the BSE mid-cap index (1.99 per cent) and the BSE small-cap index (1.91 per cent).

The Oil and Gas stocks shot up after the government proposed to take a re-look into the public pricing of petroleum products after the quarter results of the PSU oil companies hit red.

Among the major gainers in the oil sector, MRPL up 9.6 per cent at Rs 55.95 was the highest gainer. Kochi Refineries gained 8.3 per cent to Rs 165.10, Chennai Petroleum went up 6.05 per cent to Rs 210.40, Indian Oil Corporation went up 4.87 per cent at Rs 429.35 and Bongaigaon Refineries went up 4.77 per cent to Rs 92.25.

The major gainers in the IT index were Geometric Software (8.60 per cent), i-flex solution (8.24 per cent), Orient Information (7.76 per cent), HCL Technology (7.37 per cent).

The major losers in the bank index which ended red were ICICI Bank (2.48 per cent), Corporation Bank (2.26 per cent), HDFC Bank (0.94 per cent), Bank of India (0.94 per cent) and the ING Vysya Bank (0.78 per cent).

The top gainers in this sector were Yes Bank (12.70 per cent), United Western Bank (7.30 per cent) Syndicate Bank (3.93 per cent) and UTI Bank (3.44 per cent). The major gainers in the automobile sector were Escorts (8.22 per cent), Tata Motors (5.22 per cent), HMT (4.97 per cent), Premier Ltd (2.65 per cent), Kinetic Motors (2.51 per cent).

The scrips that gained on the personal care front were JL Morison (5.72 per cent), Godrej Consumer Goods (4.09 per cent), Colgate (3.98 per cent), Rayban Sun Opticals (2.91 per cent) and Marico (2.59 per cent).