Weekly: Sensex, Nifty closes on flat note

After previous weeks 6% rally, the benchmark indices continued to surge higher until a sell off was seen on Friday. The Nifty saw a cut of ~100 points in a single day. Traders and Investors preferred to remain cautious and take away their profits ahead of the eventful week. Next week will be full of major domestic events, with IIP, Inflation, RBI meet and Advance Tax data being among the important ones

The Nifty just managed to close in positive terrain with the NSE Nifty shut slightly higher by 0.3% to end above the 5050, on the other hand, the BSE Sensex closed below the 17000.



Technically, the medium term trend for the markets still remains positive and dip towards 4,930 should be interpreted as retracement rather than any major trend reversal.

Finally, the BSE Sensex ended at 16,867 while the NSE Nifty ended at 5,059 gaining 0.3% each.

Sensex top gainers: The top gainers in the Sensex were Hero Motocorp (up 7.2%), L&T (up 5.2%), Ranbaxy Labs (up 4.8%), Hindustan Unilever (up 4.1%) and Reliance Infra (up 3%).

Sensex losers: The top losers in the Sensex were DLF (down 3.6%), Reliance Power (down 3.4%), Hindalco (down 3.1%), ITC (down 2.8%) and Tata Steel (down 2.7%).

The BSE IT Index (down 1.3%): The top gainers in the IT sector were Mahindra Satyam (up 5.7%), Oracle Financial (up 4.3%), Sasken Communication (up 4.1%), Financial Tech (up 2.8%) and HCL Tech (up 2.3%).

The top losers were Mphasis (down 4.3%), Patni Computer (down 2.4%), Infosys (down 1.9%) and TCS (down 0.6%).

The BSE Healthcare Index (down 0.7%):The top losers in the Pharma were Sun Pharma (down 4.6%), Dishman Pharma (down 4.4%), Natco Pharma (down 3.1%), Pfizer (down 3%) and Dr Reddy's Labs (down 2.7%).

The top gainers were Zandu Pharma (up 7.3%), Suven Life Science (up 6%), Fresenius Kabi (up 5.5%), Ranbaxy Labs (up 4.8%) and Aurobindo Pharma (up 4.2%).

The BSE Banking Index (up 1.1%):The top gainers in the banking space were Punjab National Bank (up 6.2%), Yes Bank (up 5.5%), Federal Bank (up 5.2%), Bank Of India (up 4.6%) and Bank Of Baroda (up 4.5%).

The top losers were Andhra Bank (down 3.2%), Allahabad Bank (down 2.8%), SBI (down 2%) and Indian Overseas Bank (down 0.3%).

The BSE Auto Index (up 2%):The top gainers in the auto space were Hero Moto (up 7.2%), Eicher Motors (up 6.9%), Hindustan Motors (up 6.5%), Swaraj Mazda (up 6%) and Ashok Leyland (up 4.6%).

Bajaj Auto slightly declined by 0.2% during the week.

The BSE Oil & Gas Index (up 0.8%):The top gainers in the oil & gas space were Shiv-Vani Oil (up 6.9%), MRPL (up 6.4%), Essar Oil (up 6.1%), GSPL (up 5.7%) and Gujarat Nre Coke (up 3.9%).

The top losers were Hindustan Petro (down 5%), Bharat Petrol (down 2.9%), Indian Oil Corp (down 2%), ONGC (down 0.6%) and Cairn India (down 0.3%).

The BSE Capital Goods Index (up 3.3%):The top gainers in the Capital Goods space were Dredging Corp (up 14.9%), Alfa Laval India (up 10.3%), Jyoti Structures (up 8.8%), Thermax (up 8.5%) and Gammon India (up 6.2%).

The top losers were Siemens India (down 2%), BEML (down 1.9%), Esab India (down 1.5%), SKF India (down 1%) and Elgi Equipments (down 0.8%).

The Cement Sector: The top gainers in the cement sector were Gujarat Sidhee (up 11.1%), Madras Cements (up 8.4%), JK Cements (up 6.3%), Dalmia Cement (up 6.2%) and Prism Cement (up 5.4%).

The top losers were Shree Cement (down 2%), Ultratech Cement (down 0.5%), Grasim Inds (down 0.5%) and Birla Corp (down 0.2%).

The Telecom Sector: The top gainers in the telecom space were Gemini Comm (up 8.7%), WWIL (up 8.1%), Himachal Futuristic (up 5.8%), TTML (up 3%) and Shyam Telecom (up 2.7%).

The top losers were Idea Cellular (down 4%), Bharti Airtel (down 2.1%), RCom (down 1.1%) and MTNL (down 0.1%).

The Realty Sector (up 0.2%):The top gainers in the real estate space were Parsvnath (up 11.3%), Ansal Props (up 10%), Unitech (up 5.4%), Omaxe (up 1.5%) and Anant Raj Indus (up 0.4%).

The top losers were Mahindra Lifespace (down 7.2%), Akruti City (down 3.9%), DLF (down 3.6%), Sobha Developers (down 0.4%) and HDIL (down 0.1%).

The Metals sector (down 1.2%):The top gainers in the metals sector were Bhuwalka Steel (up 8.3%), Jindal Stainless (up 6%), Adhunik Metaliks (up 3.8%), Jindal Steel (up 2.7%) and SAIL (up 2.3%).

The top losers were JSW Steel (down 4.9%), Bhushan Steel (down 4.7%), Tata Steel (down 2.7%), Monnet Ispat (down 0.5%) and Tata Metaliks (down 0.3%).