After freak back on winning streak...Nifty, Sensex adds 1.5% each

It was a choppy start for the week with indices falling below their 200-DMA. A freak trade in Reliance and a crash in the overall market on Tuesday had the bulls bruised. Fortunately the remaining days saw some pull back though with the usual intra-day gyrations. Monsoon arrived in Kerala, but uncertainty persists over its progress, which are adding to the market’s woes. India grew faster than expected in fiscal year 2010, March quarter GDP growth came in at 8.6%. Impressive monthly auto sales numbers boosted the auto stocks. FMCG stocks attracted buying interest following positive news flow across the sector. HUL and Colgate were among the notable gainers. Volatility in the markets drove investor’s attention towards defensive pharma space. Finally, the NSE Nifty was up by 1.4% and BSE Sensex was up 1.5%.

The BSE Sensex hit intra-week high of 17,150 and low of 16,318 while the NSE Nifty hit intra-week high of 5,148 and low of 4,961.

The top gainers: The top gainers in the Sensex were Maruti Suzuki (up 8.6%), Hindustan Unilever (up 6.5%), Bharti Airtel (up 6%), ONGC (up 5.1%) and Reliance Infra (up 5.1%).

The Top Losers: The top losers in the Sensex were Grasim (down 4.1%), Tata Power (down 2.5%), Tata Steel (down 2.3%), Hindalco (down 2.2%) and HDFC (down 1.5%).

The BSE IT Index (up 1.8%):The top gainers in the IT sector were Patni Computer (up 8%), Sasken Communication (up 5.9%), HCL Tech (up 2.6%), Mahindra Satyam (up 2.2%) and Infosys (up 2%).

The top losers were Mphasis (down 1.3%), Wipro (down 1.3%) and Oracle Financial (down 0.6%).

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Mirc Electronics (up 6.8%), Su-Raj Diamonds (up 2%), Titan (up 1.3%) and Whirlpool (up 0.5%).

The top losers were Videocon Industries (down 1.9%) and Blue Star (down 0.9%).

The BSE Healthcare Index (up 2.1%):The top gainers in the Pharma space were Wockhardt (up 7.1%), Zandu Pharma (up 4.9%), Sun Pharma (up 4.5%), Cadila Healthcare (up 4.4%) and IPCA Labs (up 4%).

The top losers were Fresenius Kabi (down 5.1%), Glenmark Pharma (down 4.7%), Panacea Biotec (down 3.8%), Marksans Pharma (down 2.8%) and Natco Pharma (down 1.2%).

The BSE Banking Index (up 1.9%):The top gainers in the banking space were Union Bank of India (up 8.8%), Karnataka Bank (up 8.7%), Canara Bank (up 5.4%), Bank of Baroda (up 5%) and SBI (up 4.6%).

The top losers were Kotak Mahindra Bank (down 1%) and HDFC Bank (down 0.6%).

The BSE Auto Index (up 4.4%):The top gainers in the auto space were Maruti Suzuki (up 8.6%), M&M (up 7.2%), Ashok Leyland (up 6.3%), Hero Honda (up 3.6%) and Tata Motors (up 2.9%).

The BSE Oil & Gas Index (up 1.4%):The top gainers in the oil & gas space were GSPL (up 7.6%), Essar Oil (up 5.7%), MRPL (up 5.5%), Hindustan Oil (up 5.3%) and Chennai Petroleum (up 5.1%).

The top losers were Gujarat NRE Coke (down 6.5%), Jindal Drilling (down 1.2%) and Reliance (down 0.5%).

The BSE Capital Goods Index (up 1.1%):The top gainers in the Capital Goods space were Dredging Corp (up 12.9%), Elgi Equipments (up 6.9%), Greaves Cotton (up 4.1%), Crompton Greaves (up 3.4%) and Alstom Projects (up 3.3%).

The top losers were Thermax (down 2%), Siemens (down 1.8%), Usha Martin (down 1.6%), Ingersoll Rand (down 1%) and Esab India (down 0.8%).

The Cement Sector: The top gainers in the cement sector were Prism Cement (up 6.1%), Dalmia Cement (up 5.2%), Shree Cement (up 4.8%), India Cements (up 2.4%) and Birla Corp (up 2.1%).

The top losers were Grasim (down 4.1%), JK Cements (down 1.2%) and Binani Indus (down 0.2%).

The Telecom Sector: The top gainers in the telecom space were RCom (up 14.1%), Idea Cellular (up 11.5%), Bharti Airtel (up 6%), TTML (up 5.3%) and Shyam Telecom (up 2.3%).

The top losers in the telecom were Gemini Comm (down 2.3%) and Tata Communication (down 0.2%).

The Realty Sector (down 0.7%):The top losers in the Realty sector were Anant Raj Indus (down 8.9%), Sobha Developers (down 7.3%), Ansal Props (down 3.4%), Unitech (down 3.1%) and Mahindra Lifespace (down 2.2%).

The top gainers were Parsvnath (up 3.3%), HDIL (up 1.4%), DLF (up 0.6%) and Omaxe (up 0.2%).

The Metals sector (down 2.1%):The top losers in the metals sector were Bhushan Steel (down 4%), Jindal Steel (down 3.7%), Tata Steel (down 2.3%), Jindal Stainless (down 2.3%) and SAIL (down 2.2%).

The top gainers were Adhunik Metaliks (up 1.2%), Tata Metaliks (up 1.1%).