Indian Stock Market Roundup and Analyst View: Nirmal Bang Securities
Spectacular recovery was seen in the markets after two consecutive days of fall. Huge buying was visible across all the sectors, especially Realty, Metal, FMCG, Auto and infrastructure supported the Nifty to end above the 4500 mark and the Sensex above the 15,000 level successfully. All the sectoral indices ended in the green.
Movers & Shakers
The BSE Reality Index rose 5%, DLF, HDIL, Unitech and Orbit Corporation gained 5-6%. Indiabulls Real rose 3%.
The Metal Index was up over 4%. Stocks like Hindalco, Sterlite, Hindustan Zinc, Jindal Steel, Jindal Saw, SAIL, JSW Steel and Tata Steel were up 4-6%.
In the FMCG space, United Breweries went up 11%. Britannia, HUL, Colgate, Nestle and Tata Tea were up 2-4%. Auto stocks like Tata Motors, M&M, Bharat Forge, Hero Honda and Ashok Leyland gained 2-4%. Respective Index was up 4%.
In the power space, Reliance Infrastructure, Suzlon Energy, Power Grid Corp, Reliance Power, Lanco Infratech, GMR Infra, Neyveli Lignite, Tata Power and NTPC moved up 3%.
In the banking space, PNB, Axis Bank, Kotak Mahindra, SBI, ICICI Bank and Bank of Baroda were up 1%. HDFC Bank was up 1%.
Technology stocks like HCL Tech, TCS, Infosys and Wipro gained 1%.