Market ends volatile session in green for 2nd consecutive day

It was an extremely volatile session on Dalal Street today. Sensex pullled down the shutters at 18,608.81, up 105.53 points, or 0.57% from the previous close. Nifty shut shop at 5592, up 31.85 points or 0.57%.

Major headlines

Tata Motors May sales up 10%

BEML falls 6% on weak Q4 results

TVS Motor May sales rise 18%



Indian indices

The month of June started on a stellar note, with markets continuing its upward journey for the second successive session helped by supportive global cues. However, the trade turned volatile albeit in the green, and registered intraday highs within the first hour of trading session. Sentiments remained upbeat all throughout the day, with the Sensex marching upwards and surpassing the 18600 mark whereas the Nifty came near to 5600 level.

Major support came from capital goods, TECk, PSU and information technology stocks coupled with positive global cues. Good monthly auto sales and strong economic reports also boosted sentiments.

Positive global cues led the Sensex to start the session 24 points higher at 18527. Later the Sensex climbed higher, extending gains as the session progressed, hitting the day's high at 18636. However, selling in select pivotals erased almost 120 points from the high level to touch the day's low at 18515. Buying across the board kept the sentiments in control, helped the Sensex to close above 18600 mark at 18608, up by 105 points and the Nifty managed to close near 5600 levels at 5592, up by 32 points

Market sentiment

The market breadth stood extremely strong as rising shares outdid the declining almost two times. Of the 2,949 stocks traded on the BSE, 1,795 rose while 1,005 declined. Whereas, 149 stocks closed unchanged.

Viewing volumes

India's Number 2 mobile carrier - Reliance Communications was traded the most, with over 0.38 crore shares changing hands on the BSE. Following by wind turbine major - Suzlon Energy (0.22 crore shares), India's second largest developer - Unitech (0.20 crore shares), a financial institution specializing in lending to power projects - Power Finance Corporation (0.15 crore shares) and the world's largest coal miner - Coal India (0.14 crore shares).

Sectoral & stock screening

Nine ended in green while rest four in red. BSE Capital Goods (CG) was the top gainer, rising by 1.38%, followed by BSE TECk up by 1.06% and BSE PSU surged by 0.96%. On the other side, BSE Consumer Durables (CD) was the top loser, slipping by 0.56%, followed by BSE Healthcare (HC) down by 0.36% and BSE Realty fell by 0.28%.

Going into 'A' group stocks, Sterling International Enterprises was the top performer surging by 15.33%, followed by Oberoi Realty up by 9.09% and Jaiprakash Power Ventures advanced by 6.60%. Among losers, Marico slid the most by 3.58%, followed by Sun TV Network down by 3.23% and Sintex Industries fell by 3.14%.

Global signals

European markets slipped, halting their week-long recovery as investors awaited US economic data for insight on the outlook of the world's biggest economy.

The Asian indices ended on mixed note on Wednesday. Japanese Nikkei rose to a three-week closing high.

The US stock index futures point to a slightly lower opening on the Wall Street on Wednesday.