Realty ups market

Taking lead from overseas stock markets, the 30-stock index of BSE, the Sensex, in lack of clear signals gyrated around 100 points in early trades. However, frenzied
selling pressure caused it to dip below 14850-mark to touch an intra-day low of 14835. Though the market erased most of its loss by noon trades, the pull-back from lower levels came toward the close, after a fresh bout of buying in several frontline stocks saw the Sensex touch an intra-day high of 15275. The Sensex ended the session 229 points up at 15241, while Nifty moved up by 75 points to 4529.

The market breadth was positive. Of the 2,771 stocks traded on the BSE 1,711 stocks advanced, whereas 958 stocks declines. 102 stocks ended unchanged. All the 13 sectoral indices on the BSE closed positive. BSE Bankex moved up by 2.19% topping the list while BSE CG, occupying the second slot, was up by nearly 1.90%. BSE Power added 1.84%, BSE HC moved up by 1.80 and BSE Realty gained 1.18%. All other indices ended firm.

Several Sensex stocks registered decent gains. Hero Honda Motors flared up 4.84% to Rs1,480.55, ICICI Bank jumped by 3.64% to Rs745.65 and Mahindra & Mahindra gained 3.58% to Rs801.75. Bharti Airtel, ACC, Bharat Heavy Electricals, DLF, Infosys Technologies and Reliance Industries, ITC, Tata Consultancy Services, Maruti Suzuki India and Tata Power were up by more than 1-3% each. While only HDFC Bank shot down by 0.99% to Rs1,465.95.

Adani Power attracted volumes of over 1.94 crore shares on the BSE followed by IFCI (1.01 crore shares), Unitech (0.93 crore shares) and Ispat Industries (0.68 crore shares).