Nifty captures 5400…Infy drags IT down

The Indian markets ended the day with modest gains on Tuesday extending winning streak to fourth day of gains. A late afternoon burst saw the Indian stocks erase most of the day's losses as sustained strength in Real Estate, Consumer Durables, Metals and Oil & Gas offset weakness in IT and Telecom. However, shares of IT major Infosys slipped after the Bangalore-based company's first-quarter results left investors sour.




The BSE Sensex ended at 17,985, up 49 points or 0.3% over the previous close. It had earlier been as low as 17,855 and as high as 17,998 after opening at 17,908.

The NSE Nifty closed at 5400, up 18 points over the last close. It earlier touched a low of 5357 and a high of 5406 after starting the day at 5370.

The broader market did a touch better than their large cap peers with the BSE Small-Cap index and the BSE Mid-Cap index rising 0.7% each.

Outside the frontline indices, the big gainers in the broader market were Jet Airways, Titan Ind, Max India, JP Hydro and Ackruti City. On the other hand, losers included MTNL, Mphasis, Glaxo and MMTC.

With Infosys results disappointing the markets, the BSE IT index was the worst performer (down 2.7%). FMCG and Pharma indices were the other laggards today while Auto stocks recovered by the close. Power, Banking and Capital Goods stocks also saw decent buying.

DLF, Tata Steel, Jaiprakash Associates, HDFC, Tata Motors, RIL, Hindalco, BHEL, SBI, Unitech, Suzlon, Siemens and IDFC were the top gainers in the Sensex and the Nifty.

Infosys, Idea, TCS, Bharti Airtel, Wipro and M&M were among the big losers in the Sensex and the Nifty.