Indian Markets Analyst View: Nirmal Bang Securities

MarketsThe broader indices were up 2%, as the market breadth was positive. About 851 shares advanced while 377 shares declined on the NSE. The Nifty was extremely volatile in trade. It was trying to hold above the 4550 level amid that choppy trade.

In the realty space, Unitech surged 6%. HDIL, DLF, Anant Raj Industries, Ansal Properties, Ackruti City and Sobha Developers were up 4%. Orbit Corporation, Parsvnath, Peninsula Land, Omaxe and Indiabulls Real went up 2%.

Power stocks like Siemens, Reliance Infrastructure, Tata Power, Reliance Power, NTPC, Power Grid Corp, GVK Power, Suzlon Energy and BHEL gained 2%.

Telecom players like Reliance Communication, Bharti Airtel, Tata Teleservices and Tata Communication were up 1-3%. However, Idea fell 0.5%.

Cement stocks like Ambuja Cements, ACC, Grasim, Binani Cement, JK Cement and Mangalam Cement were up 1-5%.

In the auto space, Tata Motors shot up 9%. MRF was up 7% and Escorts up 5%. Bosch, M&M, Exide Industries, Apollo Tyres, Cummins and Ashok Leyland were up 1-3%.