Weekly Close -July 12 2010

Indian indices shrugged off last week’s rate hike by the RBI, as the markets had already discounted an inter-meeting move by the central bank. Moreover, the International Monetary Fund raised India’s growth forecast for 2010 to 9.5%. The impact of the Bharat Bandh by the BJP was visible on Monday as volumes were sluggish. However, firm global cues boosted the local indices as Nifty advanced by 2.2% and Sensex added 2.1% during the week.



The BSE Sensex hit an intra-week high of 17,857 and low of 17,397 while, the NSE Nifty hit an intra-week high of 5,359 and low of 5,225.

The top gainers: The top gainers in the Sensex were Bharti Airtel (up 16.6%), Infosys (up 5.4%), DLF (up 4.8%), HDFC Bank (up 4.7%) and SBI (up 4.6%).

The Top Losers: The top losers in the Sensex were ACC (down 3.5%), Hindustan Unilever (down 2.2%), NTPC (down 2.1%), Reliance Infra (down 2%) and Ambuja Cements (down 1.3%).

The BSE IT Index (up 4.6%):The top gainers in the IT sector were Infosys (up 5.4%), Mphasis (up 4.5%), TCS (up 4.1%), Wipro (up 4%) and Sasken Communication (up 3.8%).

Patni Computer ended the week in the red. The stock fell 0.7%.

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Mirc Electronics (up 13.8%), Whirlpool (up 8.7%), Titan (up 7.9%), Su-Raj Diamonds (up 4.9%) and Blue Star (up 4.5%).

The BSE Healthcare Index (up 0.7%):The top gainers in the Pharma space were Orchid Chem (up 7.6%), Emami (up 7.1%), Piramal Healthcare (up 4.7%), Pfizer (up 4.6%) and Aurobindo Pharma (up 2.5%).

The top losers were Fresenius Kabi (down 3.4%), Suven Life Science (down 2.6%), Morepen Labs (down 2.5%), Astrazeneca Pharma (down 2.4%) and Glaxosmithkline (down 2.3%).

The BSE Banking Index (up 3.7%):The top gainers in the banking space were OBC (up 10.2%), Federal Bank (up 9.2%), Yes Bank (up 6.7%), Bank Of India (up 4.8%) and HDFC Bank (up 4.7%).

The BSE Auto Index (up 2.3%):The top gainers in the auto space were Swaraj Mazda (up 14.6%), Ashok Leyland (up 11.2%), M&M (up 6.1%), Eicher Motors (up 4%) and Maruti Suzuki (up 0.6%).

The top losers in the auto space were Bajaj Auto (down 1.4%), Hero Honda (down 0.5%).

The BSE Oil & Gas Index (down 0.8%):The top losers in the oil & gas space were Jindal Drilling (down 1.6%), Great Offshore (down 1.1%), Reliance Industries (down 1.1%), ONGC (down 0.9%) and IOC (down 0.2%).

The top gainers were Hindustan Oil (up 8.6%), BPCL (up 6.6%), Shiv-Vani Oil (up 3.9%), HPCL (up 2.8%) and MRPL (up 2.2%).

The BSE Capital Goods Index (up 1.1%):The top gainers in the Capital Goods space were Kirloskar Brother (up 7.7%), Heg (up 7.2%), Astra Microwave (up 5%), Bharat Electronics (up 4.7%) and Aban Offshore (up 4.1%),

The top losers in the Capital Goods were Alstom Projects (down 0.7%), Thermax (down 0.4%), Elgi Equipments (down 0.4%), Esab India (down 0.3%) and Usha Martin (down 0.2%).

The Cement Sector: The top gainers in the cement sector were India Cements (up 3.9%), Mangalam Cement (up 3.6%), Grasim Inds (up 3.5%), Kakatiya Cement (up 3.3%) and Binani Indus (up 2.3%).

The top losers were ACC (down 3.5%), Jk Cements (down 2.4%), Prism Cement (down 1.8%) and Ultratech Cement (down 1.4%)

The Telecom Sector: The top gainers in the telecom sector space were Bharti Airtel (up 16.6%), Idea Cellular (up 15%), Tata Communication (up 6.7%), TTML (up 5.5%) and Shyam Telecom (up 3.9%).

The top losers were Gemini Comm (down 4.4%) and WWIL (down 1.3%).

The Realty Sector (up 4.1%):The top gainers in the real estate space were Sobha Developers (up 11.3%), Mahindra Lifespace (up 5.9%), Omaxe (up 4.8%), Dlf (up 4.8%) and Unitech (up 4.1%).

The Metals sector (up 3.2%):The top gainers in the metals sector were Bhuwalka Steel (up 11.2%), Adhunik Metaliks (up 9.5%), Sunflag Iron (up 6.8%), Monnet Ispat (up 6.5%) and Jindal Stainless (up 5.7%).