How Market Fared

Rally loses steam

The benchmark BSE Sensex rose for fourth straight day led by gains in Auto, Cement and Capital Goods stocks. The bulls seem to get habitual to defy weak global cues. The Capital Good index was the out performer it rose 2.17% against benchmark Sensex which rose 0.21%. The BSE Auto, Metal and Pharma index followed suit. Impressive monthly Auto sales figures and cement dispatch numbers aided benchmark Sensex to hit a lifetime high of 13912.54 and aided NSE Nifty to close above the 4000 mark. Finally, the Sensex closed at 13874, adding 30 points and NSE Nifty closed at 4001 up 3 points.

Tata Motors surged 4.7% to Rs882 after the company's November total vehicle sales was up 43% to 49061 units. The scrip touched an intra-day high of Rs889 and a low of Rs845 and recorded volumes of over 35,00,000 shares on NSE.

Maruti gained 1% to Rs961 after the company's November sales rose 16% to 55033 units. The scrip touched an intra-day high of Rs973 and a low of Rs754 and recorded volumes of over 5,00,000 shares on NSE.

ICSA India jumped 9.1% to Rs960 after the Board of Directors of the company announced that it would consider plans to start unit in Singapore. The scrip touched an intra-day high of Rs967 and a low of Rs894 and has recorded volumes of over 57,000 shares on NSE.

Opto Circuit pared its intra-day gains, the scrip fell by over 1.4% to Rs322. The Company announced that they would buy medical Equipment Company in Europe for Rs720mn. The scrip touched an intra-day high of Rs338 and a low of Rs328 and recorded volumes of over 1,00,000 shares on NSE.

Thomas Cook jumped 3.1% to Rs571 after the company announced that they are acquiring Travel Corporation India in an all cash deal for Rs1.82bn. The scrip touched an intra-day high of Rs613 and a low of Rs557 and recorded volumes of over 29,000 shares on NSE.

Capital Good stocks were in the limelight as they extended their gains. L&T gained 3.1% to Rs1423, BHEL advanced, 2.9% to Rs2590, ABB surged 2.4% to Rs3773 and Siemens added 1.3% to Rs1194.

Metal stocks shined brightly during the trading session day. Sterlite Industries surged by over 5.6% to Rs589, Hindalco was up 1% to Rs173 and Tisco edged higher 0.2% to Rs468.

Sugar stocks recorded smart gains on reports that Indonesia will buy sugar from India by March to ensure supplies to keep a check on prices and control inflation. Bajaj Hind, Balrampur Chini, Sakhti Sugar and Dhampur Sugar were among the major gainers.

FMCG stocks ended with smart gains. The Mid-Cap stocks led from front, McDowell rose 4.5% to Rs847, Tata Tea advanced 3.8% to Rs754, Marico gained 2.4% to Rs544 after the company has planned to sell 2.9mn shares to some investors at Rs522 and cigarette major ITC added 0.8% to Rs189.

Pharma stocks were in momentum. Lupin surged 3.4% to Rs558, Cadila spurred 4.6% to Rs338, Glaxo rose 1.9% to Rs1202 and Ranbaxy was up 0.3% to Rs383.