BSE Sensex above 15000; Markets looking cautious: Nirmal Bang Research
The benchmark indices ended with marginal gains after a volatile session. The Sensex touched an intraday high of 15,257, before closing the day at 15,103 points up 95 points. The Nifty hit a high of 4636, before closing 14 points higher at 4587. Among the broader indices both the CNX midcap and BSE smallcap indices were under pressure and ended lower. Buying was seen in capital goods, technology, cement, auto, select metal and oil & gas stocks. The Nifty June future ended with 7 points premium.
For the week the indices were up over 3% each this week.
Movers & Shakers
The BSE Capital Goods Index gained 370 points or 2.95% at 12,922. BHEL was up 5.3% and L&T gained 4.35%. Siemens rose 0.78%.
The IT Index closed at 3,154 up 2.61% or 80 points. Stocks like Infosys surged 3.91%. TCS was up 1.93% and Wipro went up 0.49%.
The BSE Auto Index was up 2.49% or 119 points to settle at 4,934. Hero Honda and Tata Motors were up over 5%. M&M, Ashok Leyland gained 2.4-3%. Maruti Suzuki was up 0.73%.
Sugar sector witnessed huge buying, as CLSA initiated coverage on the sector with a buy rating. Bajaj Hindusthan was up 9%, Balrampur Chini, Shree Renuka Sugars, Triveni Engg surged 2-3%.
The BSE Oil & Gas Index fell 80 points or 0.77% to settle at 10,324. Reliance Industries lost 2% and Reliance Petroleum slipped 1.55%
Among the frontliners, Grasim, Tata Motors, BHEL, L&T, Infosys, Tata Power, Hindalco and M&M were top gainers, went up 3-6%.