Mkt ends with moderate gains: IT, oil stocks advance

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posted on 17 years ago — updated on 1 second ago

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Metal stocks like Hindalco and SAIL surged during the final hour of trade. IT major Satyam was up over 3 per cent.

Mumbai: The market ended in green with moderate gains after trading flat for major part of the day. Buying was seen in IT, oil and gas, FMCG and metal stocks. However, selling pressure was seen in banking, auto and media stocks. Metal stocks like Hindalco and SAIL surged during the final hour of trade. IT major Satyam was up over 3 per cent.

Media stocs like Zee Ent, HT Media, Sun TV ended in red along with some telecom stocks like Reliance Communication, VSNL, MTNL and Idea. Sensex was up 76.81 points or 0.52 per cent at 14919.19, and the Nifty up 18.10 points or 0.42 per cent at 4320.70.

About 1715 shares have advanced, 1214 shares declined, and 86 shares are unchanged. Top gainers on the indices were Satyam, SAIL, Hindalco, ITC and HDFC Bank. Top losers on the indices were ICICI Bank, Tata Motors and Ranbaxy Labs.

The BSE Midcap Index ended at 6,409.64 up 49 points or 0.8 per cent. The BSE Smallcap Index ended at 7,808.44 up 83 points or 1 per cent. The BSE Capital Goods Index was up 0.3 per cent at 13,117.22. Crompton Greave, Kirloskar Bros, Alstom Projects, Punj Lloyd, Triveni Engg, Reliance Infra closed higher.

The BSE Health Care Index was up 0.2 per cent at 3,493.43. Nicholas Pirama, Matrix Lab, Apollo Hospital, Divis Labs, Sterling Bio, Orchid Chemical, Sun Pharma closed higher. The BSE Auto Index closed closed at 4,676.31 down 0.2 per cent.

The BSE Metal Index closed at 10,748.27 up 1 per cent. Shree Precoated, Sesa Goa, Hindalco, JindalStainless, SAIL advanced. The BSE FMCG Index gained 1 per cent at 1,930.93. Marico, Tata Tea, United Spirits, ITC, United Brewerie, HUL closed higher.

BSE Oil and Gas Index closed at 7,839.17 up 1.5 per cent. Reliance, IOC, Reliance Natura, Essar Oil, GAIL ended in green. The BSE IT Index gained 2 per cent at 4,558.76. Financial Tech, I-Flex Solution, Satyam, HCL Tech, Tech Mahindra, Infosys closed higher.

The BSE Bankex was down 0.3 per cent at 7,636.21. ICICI Bank, Andhra Bank, SBI ended lower. The NSE cash turnover was at Rs 9188.31 crore and the NSE F&O turnover was at Rs 57340.78 crore. The BSE cash turnover was Rs 4189.43 crore. Total market wide turnover was at Rs 70718.52 crore.