Sensex, Nifty log tepid weekly gains...broader mkt shines

During the week, caution and optimism went hand in hand. A rare error in Q1 GDP numbers was sorted out after a credible explanation from the Government. Overall, the GDP data only reinforced a growing view that economic fundamentals remain fairly robust. Having said that, PMI data on manufacturing and service sector activity and trade figures indicated that some softening could be underway and that growth may have peaked out. Also, inflation continues to hover near double digits, putting relentless pressure on the RBI to raise rates. The BSE Sensex and the NSE Nifty gained 1% each this week ending at 18,221 and 5,479 respectively but the broader market indices clearly outpaced the gains in the main indexes.



Sensex intra-week high of 18,356 and low of 17,820

Nifty intra-week high of 5,513 and low of 5,390

Sensex top gainers: The top gainers in the Sensex were Bharti Airtel (up 7.3%), Ranbaxy (up 7.1%), Tata Steel (up 6%), Reliance Infra (up 5.1%) and ICICI Bank (up 4.5%).

Sensex top Losers: The top losers in the Sensex were BHEL (down 3.5%), Hero Honda (down 2.7%), Reliance Industries (down 2.5%), TCS (down 2.2%) and SBI (down 0.8%).

The BSE IT Index (up 1%): The top gainers in the IT sector were Mahindra Satyam (up 3.6%), Infosys (up 2.5%), Mphasis (up 1.8%) and Wipro (up 1.1%).

The top losers were Patni Computer (down 5.9%), TCS (down 2.2%), Financial Tech (down 2%), Sasken Communication (down 0.7%) and Oracle Financial (down 0.7%).

The BSE Consumer Index: The top gainers in the Consumer Durables sector were Samtel Color (up 5.4%), Mirc Electronics (up 3.3%), Blue Star (up 2.6%), Whirlpool (up 2.4%), Videocon Industries (up 1.6%).

The BSE Healthcare Index (up 1.7%): The top gainers in the Pharma space were Wockhardt (up 9%), Natco Pharma (up 8.2%), Ranbaxy (up 7.1%), Piramal Healthcare (up 5.2%) and Dr Reddy's Labs (up 4.7%).

The top losers were Suven Life Science (down 3.2%), Pfizer (down 3%), Sun Pharma (down 2.7%), Glenmark Pharma (down 2.3%) and Lupin (down 1.9%).

The BSE Banking Index (up 2.1%): The top gainers in the banking space were Allahabad Bank (up 8.8%), Canara Bank (up 6.6%), IOB (up 5.7%), Karnataka Bank (up 5.6%) and ICICI Bank (up 4.5%).

The top losers were Kotak Mahindra Bank (down 1.2%), Yes Bank (down 1%) and SBI (down 0.8%).

The BSE Auto Index (up 3%):The top gainers in the auto space were Ashok Leyland (up 5.3%), Maruti Suzuki (up 4.4%), Bajaj Auto (up 3.1%), M&M (up 3.1%) and Tata Motors (up 2.3%).

The top losers were Hero Honda (down 2.7%) and Hindustan Motors (down 1.6%).

The BSE Oil & Gas Index (down 1.1%):The top losers in the oil & gas space were Chennai Petroleum (down 4.1%), HPCL (down 3.9%), Reliance Industries (down 2.5%), BPCL (down 1.2%) and Essar Oil (down 0.1%).

The top gainers were Gujarat NRE Coke (up 6.7%), Great Offshore (up 4.6%), Jindal Drilling (up 4.5%), IOC (up 3.5%) and GSPL (up 3.1%).

The BSE Capital Goods Index (up 0.1%): The top losers in the Capital Goods were Alstom Projects (down 2.9%), Gammon India (down 2.4%), Siemens India (down 2.2%), Astra Microwave (down 1.3%) and Jyoti Structures (down 1.2%).

The top gainers were BEML (up 12.9%), LMW (up 8.9%), Usha Martin (up 8%), Carborundum Universal (up 6%) and Thermax (up 4.4%).

The Cement Sector: The top gainers in the cement sector were Shree Cement (up 4.8%), Grasim Inds (up 3.5%), Kakatiya Cement (up 3.1%), ACC (up 2.8%) and Prism Cement (up 2.5%).

The top losers were Binani Indus (down 1.5%), Madras Cements (down 1.1%), India Cements (down 1.1%), Mangalam Cement (down 0.8%) and Dalmia Cement (down 0.7%).

The Telecom Sector: The top gainers in the telecom space were Bharti Airtel (up 7.3%), Shyam Telecom (up 3.4%), Idea Cellular (up 2.3%), RCom (up 1.9%) and MTNL (up 1.9%).

The Realty Sector (up 3.2%): The top gainers in the real estate space were Anant Raj Indus (up 6.2%), Unitech (up 5.4%), Sobha Developers (up 4.3%), Parsvnath (up 3.6%) and HDIL (up 2.2%).

Peninsula Land slipped 2.7% during the week.

The Metals sector (up 3%): The top gainers in the metals sector were Bhuwalka Steel (up 17.1%), Tata Steel (up 6%), Ispat Industries (up 5.9%), Tata Sponge (up 5.5%) and JSW Steel (up 4.5%).