No bulls stop…Metals, Realty sparkle

The Indian market kicked off the new trading week in style, with the key stock indices extending gains led by Metals, Real Estate and Consumer Durables stocks. Even the broader indices managed to register smart gains today. FMCG and IT indices on the BSE were among the major laggards.



“Friday's strong rally in the US market, coupled with strong cues from Asian and European markets kept the momentum going. However, volatility might increase as the F&O expiry will lead to more intraday gyrations,” says Amar Ambani, Vice President, Research – India Private Clients, IIFL.

The Sensex gained 72 points to close at 20,117. The index hit an intra-day high of 20,268 and an intra-day low of 20,082.

The NSE Nifty added 17 points to close at 6,035 after touching a high of 6,074 and a low of 6,018.

Among the BSE sectoral indices, the BSE Metals index was the top gainer the index was up 2.5%, followed by BSE Consumer Durables index (up 1.7%) and BSE Realty index (up 1.2%) and BSE Oil & Gas index (up 0.9%). On the other hand, the BSE FMCG index was down 0.7% and BSE IT index was down 0.5%.

Even the broader indices ended with gains, the BSE Mid-Cap index was up 0.3% and BSE Small-Cap index was up 0.2%.

The European indices were trading mixed, the DAX in Germany was flat, the CAC 40 index in France also was flat and FTSE index in UK down 0.2%.

Outside the main indices, the key gainers are JM Financial, Puravankara Projects, Shoppers Stop, MIC Electronics, Gateway Distripark, SRF, Escorts and JSL Stainless.

Top losers in the broader market are Info Edge India, Graphite India, Usha Martin, Texmaco, Himachal Futuristics Communications, M&M Finance, Koutons Retail and Radico Khaitan.