Market Round Up

The Sensex erased earlier losses and ended higher on short-covering witnessed in the last hour of trade due to Sept expiry. The Sensex closed 62 points higher at 16,781, recovering from the day’s low of 16,494. Buying was seen in banking, reality and select IT stocks while auto and metal stocks were under pressure. The breadth was mix and the markets closed with one of the highest turnover in 2009 at Rs 1,43,881 cr. on settlement day. The Oct Nifty future ended at 5,002 with 15 point premium. In the September series, the markets touched a new 2009 high of 16,943 and 5,036 respectively. Both equity benchmarks closed with 6.3% gain led by banks, autos and metals.

Movers & Shakers

Among the metal pack, Hindalco shed 4 % while Tata Steel and Sterlite Ind were down 1.4 % and 0.8 % respectively.

IT major Infosys shed 3.4 %. While HCL Tech was up 4.1%, Wipro up 2.4% and TCS up 1.9%.

Among the banking stocks, HDFC and HDFC Bank rose over 3 % while ICICI Bank gained 1.7 %. SBI advanced 0.75 %.

Mid-cap banks were in great action, stocks like UCO, Bank of Mah and Dena Bank were up 8-11%.

Oil marketing companies' shares were seeing buying interest. HPCL, BPCL and IOC were up 1-3%.

Among the Capital Goods, LT was up 1.4% and Siemens up 1% while Bhel lost 1.1%.

In the auto space Tata Motor, Hero Honda, Maruti were down 0.6-1.8%.

Among other gainers in the Sensex pack, Wipro and RCom added over 2 % while NTPC gained close to 2 %. Bharti stock was also up 1.4 %.

Among the losers Hindalco lost 4%.