Sensex ends week static...Still in red for May

Indian stock indices recovered towards the end of the week from an 8-week low, as investors ignored the rise in food inflation and bought across sectors. Strong Q4 earnings posted by the likes of Tata Steel and Coal India boosted investor sentiment. On the whole, the Indian market was volatile through the F&O week. Finally, the Sensex and the Nifty closed flat at 18,264 and 5,476 respectively.

Oil & gas stocks advanced led by gains in ONGC after an oil ministry official said the government may raise diesel prices, a move that could reduce the company’s share of the cost to subsidize fuel prices. Most banking shares rose on bargain hunting after recent steep slide.



Sensex top gainers: The top gainers in the Sensex were Ambuja Cements (up 3.8%), ONGC (up 3.3%), Hindalco (up 2.8%), Ranbaxy Labs (up 2.8%) and Reliance Power (up 2.7%)

Sensex losers: The top losers in the Sensex were Tata Motors (down 6.8%), BHEL (down 6.8%), Reliance Capital (down 4.2%), SBI (down 3.7%) and NTPC (down 2.7%).

The BSE IT Index (down 2%):The top losers in the IT sector were Sasken Communication (down 5.6%), TCS (down 2.6%), Infosys (down 2.2%) and Wipro (down 1.2%).

The top gainers were Mphasis (up 12%), Patni Computer (up 3.7%), Mahindra Satyam (up 2.2%), Oracle Financial (up 2.1%) and HCL Tech (up 0.6%).

The BSE Healthcare Index (down 0.2%):The top losers in the Pharma space were Wockhardt (down 4.5%), Astrazeneca Pharma (down 4.2%), Strides Arcolab (down 4.2%), Piramal Healthcare (down 3.9%) and Emami (down 3.5%).

The top gainers were IPCA Labs (up 10.4%), Suven Life Science (up 5.2%), Dishman Pharma (up 4.1%), Fresenius Kabi (up 3.2%) and Divi Labs (up 3.1%).

The BSE Banking Index (up 0.5%):The top losers in the banking space were SBI (down 3.7%), Indian Overseas Bank (down 3.5%), Union Bank of India (down 2.5%), HDFC Bank (down 0.5%) and Axis Bank (down 0%).

The top gainers in the banking space were Yes Bank (up 5.8%), Bank Of India (up 5.6%), Kotak Mahindra Bank (up 5.1%), Karnataka Bank (up 4.7%) and Allahabad Bank (up 4.4%).

The BSE Auto Index (down 1.4%):The top losers in the auto space were Tata Motors (down 6.8%), Swaraj Mazda (down 2.5%), Ashok Leyland (down 1.5%), Bajaj Auto (down 1.1%) and Maruti Suzuki (down 0.1%).

The top gainers in the auto space were Eicher Motors (up 3.1%), Hero Honda (up 2.3%), M&M (up 2%), Hindustan Motors (up 0.9%) and Maruti Suzuki In (up -0.1%)

The BSE Oil & Gas Index (up 2.4%):The top gainers in the oil & gas space were Great Offshore (up 4.8%), Hindustan Petro (up 3.3%), ONGC (up 3.3%), Chennai Petroleum (up 2.5%) and Reliance Industries (up 2.4%).

The top losers were Shiv-Vani Oil (down 7.6%), GSPL (down 3.4%), Gujarat NRE Coke (down 3.4%), MRPL (down 3.2%) and Jindal Drilling (down 0.1%),

The BSE Capital Goods Index (down 1.8%):The top losers in the Capital Goods were Lakshmi Machine (down 6.9%), BHEL (down 6.8%), Areva T&D (down 4.7%), Aban Offshore (down 4%) and Usha Martin (down 3.1%).

The top gainers were Jyoti Structures (up 7.6%), Crompton Greaves (up 4%), Elgi Equipments (up 2.2%), HEG (up 1.6%) and Thermax (up 1.6%).

The Cement Sector: The top gainers in the cement sector were Kakatiya Cement (up 5.4%), JK Cements (up 4.8%), Birla Corp (up 1.6%), Mangalam Cement (up 1%) and Ultratech Cement (up 1%).

The top losers were Dalmia Cement (down 8.7%), Gujarat Sidhee (down 3.3%), Madras Cements (down 2.1%), Binani Indus (down 2%) and Prism Cement (down 1.8%).

The Telecom Sector: The top losers in the telecom space were Gemini Comm (down 6.9%), TTML (down 3.8%), WWIL (down 2.8%), MTNL (down 2.4%) and Shyam Telecom (down 2.4%),

The top gainers were RCom (up 1.4%), Himachal Futuristic (up 0.6%) and Tata Communication (up 0.4%), Bharti Airtel Lt (up -0.3%) and Idea Cellular (up -0.3%)

The Realty Sector (0.0%):The top gainers in the real estate space were Anant Raj Indus (up 9%), HDIL (up 6.7%), Ansal Props (up 5.3%), Mahindra Lifespace (up 2%) and Akruti City (up -0.6%).

The top losers were Omaxe (down 3.2%), Sobha Developers (down 2.5%), Peninsula Land (down 2.4%), Unitech (down 2.4%) and Parsvnath Devel (down 2.3%).

The Metals sector (up 0.3%):The top gainers in the metals sector were Jindal Stainless (up 12.2%), JSW Steel (up 2%), Sunflag Iron (up 1.7%), Tata Steel (up 1%) and Tata Sponge Iron (up 0.9%)

The top losers were Ispat Industries (down 4.2%), Adhunik Metaliks (down 3.8%), Bhuwalka Steel (down 3.7%), Bhushan Steel (down 2.8%) and Monnet Ispat (down 0.1%).