Sensex ends with modest gains; TCS surges 6%
The benchmark Nifty has seen a consolidation for third consecutive day and closed with modest gains on Friday, led by technology, telecom, realty, select oil & gas and financial companies’ shares.
However, the sell-off in Reliance Industries , HDFC, HDFC Bank, GAIL, ITC, M&M, Reliance Power, Ambuja Cements, Siemens, Sun Pharma , Tata Power and Power Grid Corporation along with metal companies’ shares capped the gain to larget extent.
The 30-share BSE Sensex closed at 17,955.82, up 46.36 points and the 50-share NSE Nifty rose 15.15 points to 5,393.90. Even European markets were quite supportive; CAC, DAX and FTSE were trading 0.5-0.9% higher, at the time of closing of Indian equities.
Market breadth was positive; about 1745 shares advanced while 1411 shares declined on BSE. Nearly 177 shares remained unchanged.
Everonn Education, TCS, BF Utilities, IFCI, TCS, Tata Motors and Axis Bank were the most active shares on exchanges.
In the midcap space, UTV Software, Edelweiss Capital, Rallis India, Tulip Telecom and Rajesh Exports rallied 5.5-8% while Honeywell Automation (post disappointing numbers – profit slipped by Rs 10 crore), Sterlite Tech, Graphite India, Bayer Cropscience and JSL lost 2.3-6.5%.
In the smallcap space, Everonn Education surged 13.27%, Nikhil Gandhi promoter of Pipavav Shipyard may pick up stake in company, reports CNBC-TV18 quoting sources.
Standard Industries, Ramsarup Inds, Kirloskar Ferro and Hindustan Motors (Mitsubishi Motors plans to buy company’s South India plant, reports CNBC-TV18 quoting DowJones) went up 9-10%.
However, NESCO, Elpro Intl, GMR Industries, Manaksia and BL Kashyap declined 4-6%.
Markets reported total turnover of Rs 80,118.83 crore. This included Rs 13,399.93 crore from NSE cash segment, Rs 62,439.33 crore from NSE F&O and the balance Rs 4,279.57 crore from BSE cash segment.
At 14.35 hrs IST, the Sensex was trading choppy in a narrow band of 20 points. The action was mainly seen in the broader markets. Heavy buying was seen in IT, telecom and banking stocks. Oil&gas, metal and power stocks were trading weak today. BSE Midcap and Smallcap index were up 0.4% and 0.7% respectively.
The Sensex was up 29.19 points or 0.16% at 17938.65, and the Nifty was up 7.25 points or 0.13% at 5386.00. About 1739 shares advanced, 1268 shares declined, and 325 shares remain unchanged.
In the largecap space, TCS was the top gainer with 7% gains. HCL Tech, Kotak Mahindra, Tata Motors and IDFC were up 2-4%. On the losing side, Ambuja Cements, GAIL, Mahindra and Mahindra, HDFC Bank and HDFC were down 1-2%.
Index heavyweight Reliance was trading at Rs 1,066.00 down 0.65% from its previous close of Rs 1,072.95. Tech major Infosys was trading at Rs 2,771.65 up 0.46% from its previous close of Rs 2,758.95. Refinery major HPCL was trading at Rs 448.10 up 0.56% from its previous close of Rs 445.60.
Hindustan Lever was trading at Rs 264.85 up 0.63% from its previous close of Rs 263.20. Cigarette major ITC was trading at Rs 297.50 down 0.6% from its previous close of Rs 299.30.
Top gainers on the BSE Midcap: Edelweiss Capital, UTV Software, Tulip Telecom, Gujarat Flourochem and Zydus Wellness were up 5-7.6%.
Top losers on the BSE Midcap: Honeywell Automation, Sterlite Technologies, Graphite India, Allcargo Global and Gee Kay Finance were down 2-5%.
Top gainers on the BSE Smallcap: Standard Industries, Hindustan Motors, Mastek, Ramsarup Industries and Geometric were up 8-10%.
Top losers on the BSE Smallcap: NESCO, Manaksia, BL Kashyap, aurionPro Sol and JK Paper were down 3-5.5%.
Today’s new listing
– Technofab Engg was trading at Rs 297.75, up 24.06% over its issue price of Rs 240 per share.
TCS, BF Utilities, HPCL, Sintex India, BPCL and Tata Motors were the most active shares on the exchanges.
In the midcap space, Zydus Wellness, Gujarat Flourochem, UTV Software, Rallis India and Omaxe gained 3.5-6%. However, Sterlite Tech, Ashok Leyland, Patel Engg, Dewan Housing and Graphite India fell 2-3%.
In the smallcap space, ILandFS, Transport Corp, Vipul, Agro Tech Foods and Maharashtra Ele were up 5-6.6%. However, Subhkam Capital, JK Paper, Maharashtra Polybutenes, Vinati Organics and Orient Abrasive lost 3-4%.
Popularity: 2% [?]
Category: Stock-News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
