Market Round Up

The markets continued their positive momentum amid volatility. The Sensex closed up 186 points or 1.80% at 10534 and the Nifty was up 45 points or 1.42% at 3,256. Great action was seen in the BSE midcap and smallcap indices, which were up 2.4% and 3.2% respectively.

Buying interest was seen in capital good, auto, technology, oil, telecom and metal stocks, while selling was see in FMCG stocks.

Movers & Shakers

The BSE capital goods index was up 3.75% or 255 points at 7,062. Stocks like Suzlon Energy, Kalpataru Power, Praj Industries, L&T were up 7-10%.

The BSE metal index was up 3.65% or 226 points at 6,451. Stocks like Jai Corp, Hindalco, Jindal Saw and Tata Steel were up 5-14%.

The BSE auto index was up 3.59% or 113 points at 3,280. Stocks like M&M, Bharat Forge, Escorts, were up 6-14%

The BSE power index was up 1.38% or 26 points at 1,959. Suzlon Energy, Reliance Infra, GVK Power and Reliance Power were up 5-10%.

Among the Sensex RCom was the top gainer in the pack. The counter jumped 11.2 % to Rs 218. M&M, L&T and HDFC were the other major gainers in the group up 8-12%.

Top losers on the Sensex were ACC, ITC, Ranbaxy Labs and HUL down 2-3%.

Copyrights 2009 Nirmal Bang Research