Bulls help Sensex gain over 1.8% at closeBulls help Sensex gain over 1.8% at close

Indian markets continued to rise for the second day on Friday. It made a spectacular rally today aided by strong buying by funds and firm global cues. Midcap and Smallcap also led the upsurge. Realty and metal stocks were leading the sectoral space. Even auto stocks rallied due to good sales number.



After a flat opening, both the key indices regained their magical mark of 20,000 and 6000 repectively. As the day progressed, Sensex and Nifty gained further ground on robust buying seen across board to finally close on a buoyant note after hitting a high of 20,475.47.

At the close, the benchmark 30-share index, BSE Sensex gained 375.92 points or 1.87% at 20,445.04 with 27 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 113.45 points or 1.88% at 6,143.40 with 47 components registering rise.

On sectoral front, European stocks rose, trimming the biggest weekly drop for the Stoxx Europe 600 Index since August, as Chinese manufacturing accelerated. US futures gained.

Asian stocks rose, driving the MSCI Asia Pacific Index to a fifth consecutive weekly advance, as faster-than-estimated growth in Chinese manufacturing bolstered confidence in the global economy.

Sensex Movers

Reliance Industries contributed rise of 47.83 points in the Sensex. It was followed by Infosys Technologies (39.64 points), Larsen & Toubro (37.85 points), I C I C I Bank (37.05 points) and Tata Consultancy Services (29.04 points).

However, Bharti Airtel contributed fall of 1.31 points in the Sensex. It was followed by Hero Honda Motors (1.06 points), Reliance Communications (0 points), Sun Pharmaceutical Industries (1.04 points) and ACC (1.28 points).


Major gainers in the 30-share index were Sterlite Industries (India) (5.13%), Bharat Heavy Electricals (4.29%), Tata Consultancy Services (4.08%), Hindalco Industries (3.81%), Jindal Steel & Power (3.42%), and Mahindra & Mahindra (2.91%).

On the other hand, Hero Honda Motors (0.43%), and Bharti Airtel (0.20%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 1.60% and 1.54% respectively.

The major gainers in the BSE Midcap were Aban Offshore (3.39%), A I A Engineering (1.67%), Alstom Projects India (1.42%), Core Projects and Technologies (1.2%) and Ackruti City (0.18%).

The major gainers in the BSE Smallcap were Provogue (India) (6.09%), Aarti Industries (5.71%), INEOS ABS (India) (2.9%), A B G Shipyard (1.15%) and A B G Infralogistics (0.35%).

Sectors in Limelight

The Realty index was at 3,876.93, up by 150.07 points or by 4.03%. The major gainers were Anant Raj Industries (3.63%), Indiabulls Real Estate (3.45%), D L F (2.78%), D B Realty (1.05%) and Ackruti City (0.18%).

The Metal index was at 17,517.09, up by 652.18 points or by 3.87%. The major gainers were Hindalco Industries (3.81%), Jindal Steel & Power (3.42%), Hindustan Zinc (2.71%), JSW Steel (2.44%) and National Aluminium Company (1.93%).

The Capital Goods index was at 16,426.34, up by 430.88 points or by 2.69%. The major gainers were Bharat Heavy Electricals (4.29%), BEML (2.56%), Bharat Electronics (1.71%), A I A Engineering (1.67%) and A B B (0.51%).

The IT index was at 6,100.07, up by 153.00 points or by 2.57%. The major gainers were H C L Technologies (2.63%), Oracle Financial Services Software (2.33%), Infosys Technologies (2.05%), Tech Mahindra (1.43%) and Mphasis (1.2%).


Market Breadth

Market breadth was positive with 2,035 advances against 1,007 declines.

Value and Volume Toppers

Wockhardt topped the value chart on the BSE with a turnover of Rs. 385.49 million. It was followed by Reliance Petroleum (Rs. 292.22 million), Jet Airways (India) (Rs. 98.45 million) and Ciba India (Rs. 92.22 million).

The volume chart was led by Reliance Capital Ventures with trades of over 2.39 million shares. It was followed by Reliance Petroleum (2.23 million), Wockhardt (1.23 million) and Padmini Technologies (0.55 million).

Auto stocks
Chennai-based TVS Motor Company reported its highest-ever monthly sales of 1,88,005 units in September, 30.78% higher than the same month last year.

The country`s largest car-maker, Maruti Suzuki India, posted its highest-ever monthly sales of 1,08,006 units in September, translating into a 29.65% increase vis-a-vis the year-ago period.

Hyundai Motor India has reported a 14.2% jump in domestic sales to 31,751 units in September, 2010, its highest-ever monthly sales since inception in 1998. The previous monthly sales record of 31,501 units was achieved by the company in March this year.