Market Round Up

Nifty has closed highest above 4,900 since May 28, 2008. Positive global cues also remained supportive for the benchmark indices. The BSE Sensex has touched an intraday high of 16,700, before closing at
16,677 up 222 points. The Nifty index rose 1.36% or 66 points to settle at 4,958 after hitting an intraday high of 4,966. Among the broader indices - the BSE Midcap Index was up 1.45% and Smallcap Index up 1.1%. Huge Institutional buying was witnessed in banking, metals and auto stocks which gave a strong pushback for the market. All sectoral indices ended higher. The market breadth was strong and the volumes increased further, total traded turnover was at Rs 96,125 cr. as against Rs 90,254 cr.

Movers & Shakers

The BSE metal index soared 4.2 %. Tata Steel was the top gainer in the metal pack. The stock jumped
8.2 % to end at Rs 531. SAIL rose nearly 7 % and JSW Steel was up 5.6 %.

The BSE auto index surged 2.2 %. In the auto space, Tata Motors rose 6.2 % and Bharat Forge advanced
5.3 %. Hero Honda up 4.1%, Escorts up 3.1% and TVS Motor were up 10.5%.

The BSE bankex gained nearly 2 %. SBI up 3.9%, PNB up 3.8% and ICICI Bank were up 2.3%.

Hotel stocks were witnessing huge buying interest. Kamat Hotels was up 20%. Royal Orchid up 14%, Bhagwati Banquet up 19% and EIH Associated Hotel were up 19%.

In the Sensex pack Tata Steel and Tata Motors were the top gainers up 6-7.5%. Hindalco and SBI also gained more than 4 % each.

Among the Nifty stocks, Tata Steel and SAIL were the biggest gainers. The stocks surged over 7 % each. Tata Motors, Siemens, Hindalco and Hero Honda were up more than 4 % each.