Sensex starts September on strong note

The Indian market kicked off the first trading day of September on a high and closed the session with a big bang, as investors snapped up beaten down stocks following the recent reversals. The sentiment got a boost after data showed improvement in China's manufacturing sector output and Australia's GDP growth.



Such good was the bullish undercurrent today that the market ignored reports showing a slowdown in India's manufacturing output and merchandise exports.

The broader market did slightly better and the market breadth was decisively positive. Interestingly, the Auto index on the BSE gained the least despite fairly strong monthly sales volumes. All BSE sectoral indices ended in the positive territory.

Real Estate, Metal, IT and Telecom stocks led the rally along with Consumer Durables, Oil & Gas, Banking and FMCG shares. Capital Goods, Power and Pharma indices on the BSE were rose marginally.

The BSE Sensex closed at 18,205, up 234 points over the previous close. It had earlier been as high as 18,227 and opened at the day's low of 18, 027.

The NSE Nifty closed up by nearly 69 points at 5,471 after touching a low of 5,403 and a high of 5,478. It had opened at 5,403.

The BSE Small-Cap index and the BSE Mid-Cap index were down by 1.8% and 1.6% respectively.

In terms of sectors, Metal, Realty, IT, PSUs, Consumer Durables and oil & Gas indices were the clear winners on the BSE Sensex. Select Bank, FMCG, Power, Capital goods, Pharma and Auto index were also up marginally.

RCOM, Hindalco, Sterlite Industries, Bharti Airtel, Tata Steel, DLF, Infosys, Reliance Infra, RIL, Jindal Steel, Cairn India, Ranbaxy,PNB, GAIL, HCL Tech and IDFC are among the big gainers in the Sensex and Nifty.

Hero Honda, HDFC, ONGC, Ambuja Cement and ITC are among the top losers in the Sensex and the Nifty.

Outside the two main indices, the key losers are Allcargo Global, Bartronics, Shree global Tradefin Ltd, JK Cement, Tanla Solutions, Jain Irrigations and Hero Honda.

Hindustan Copper, STC, FDC, United Breweries Holding, Dredging Corporation and EMCO are among the notable gainers in the broader market.

The shares of Hindustan Copper Ltd closed higher at Rs465.05, up Rs69.85 or 17.68%. The stock touched an intra-day high of Rs471.30 and a low of Rs393.30. The Stock opened at Rs 396. The Total traded Quantity stood at 25.91 lakh shares over the counter.

The shares of State Trading Corporation of India (STC), closed higher at Rs420.65, up Rs51.35 or 13.90% over the previous close. State Trading Corporation of India bagged NTPC's tender to ship 12MT coal from Indonesia. The stock touched an intra day high of Rs431 and a low of Rs365.20. The total traded quantity stood at 14.79 lakh shares over the counter.

The shares of FDC Ltd closed higher at Rs111.80 up Rs13.45 or 13.68% over the previous close. The stock touched an intra day high of Rs114.70 and a low of Rs98.80. It opened at Rs99.50. The Total traded quantity stood at 13.89 lakh shares over the counter.

The shares of United Breweries Ltd closed higher at Rs422.30, up Rs24.35 or 6.12%. The stock touched an intra-day high of Rs433.90 and a low of Rs403.00. The Stock opened at Rs405. The Total traded Quantity stood at 10.11 lakh shares over the counter.

The shares of Bartronics India Ltd., closed lower at Rs103.30 down Rs4.15 or 3.86% over the previous close. The stock touched an intra day high of Rs108.70 and a low of Rs101.10. It opened at Rs108.70. The total traded quantity stood at 5.02 lakh shares over the counter.

The Shares of Allcargo Global Logistics Ltd closed lower at Rs160, down Rs7.40 over the previous close. The stock hit an intra day high of Rs171 and a low of Rs158, after opening at Rs168. Total traded quantity stood at 24000 shares over the counter.

The Shares of Shree Global Tradefin Ltd closed lower at Rs298.70, down Rs8.80 or 2.86 over the previous close. The stock hit an intra day high of Rs341 and a low of Rs290, after opening at Rs310. Total traded quantity stood at 0.45 lakh shares over the counter.