Sensex up 5% on week...Infy shines; IIP, Inflation disappoint

After a weak October start, the markets have bounced back with a vengeance shrugging concerns of low IIP and inflation numbers. The NSE Nifty blasted past the 5100 mark while the BSE Sensex recaptured the 17000 mark.

The BSE IT, Banking, Realty and the Metals index were among the major gainers.

Shares of Infosys rallied almost 10% during the week after the company announced consolidated net profit of Rs19.06bn as compared to Rs17.22bn in the previous quarter. The company has posted consolidated net sales at Rs80.99bn as compared to Rs74.85bn in the previous quarter. Other IT shares also advanced on expectations that they too will declare strong Q2 results in the days to come. Meanwhile, IIP grew by a modest 4.1% in August versus 4.5% in the same period a year earlier. The reading was lower than the consensus estimate of 4.7-4.8%.



Inflation data for September showed negligible moderation from the previous month. Inflation, as measured by the wholesale price index (WPI), fell to 9.72% in September from 9.78% in August, the Union Commerce & Industry Minister said today. Average expectation was for inflation to ease to 9.7%. Forecasts from economists ranged from 9.2% to 9.9%.

Finally, BSE Sensex ended at 17,083 and NSE Nifty ended at 5,132 rallying 5% each for the week.


Sensex top gainers: The top gainers in the Sensex were Tata Motors (up 13.1%), Infosys (up 9.4%), Wipro (up 8.8%), Reliance Infra (up 8.7%) and Reliance Capital (up 8.6%).

Sensex losers: The top losers in the Sensex were Maruti Suzuki (down 7.7%) and Ranbaxy Labs (down 2.8%).

The BSE IT Index (up 8.7%): The top gainers in the IT sector were Mahindra Satyam (up 9.9%), Infosys (up 9.4%), Wipro (up 8.8%), HCL Tech (up 8.6%) and TCS (up 8.2%).

Financial Tech lost 2.5% lower during the week.

The BSE Healthcare Index (up 1%): The top gainers in the Pharma space were Orchid Chem (up 11.8%), Marksans Pharma (up 11.6%), Wockhardt (up 11%), Strides Arcolab (up 8.1%) and Aurobindo Pharma (up 6.4%).

The top losers were Ranbaxy Labs (down 2.8%), Natco Pharma (down 2.7%), Glaxosmithkline (down 1.8%), Cadila Healthcare (down 1.6%) and Dishman Pharma (down 1.1%).

The BSE Banking Index (up 7%): The top gainers in the banking space were Federal Bank (up 10.1%), Union Bank Of India (up 10%), Indian Overseas Bank (up 8.6%), Canara Bank (up 8.3%) and Bank Of India (up 8.3%).

The BSE Auto Index (up 4.3%): The top gainers in the auto space were Tata Motors (up 13.1%), Bajaj Auto (up 8.7%), Hero Motocorp (up 2.7%), Hindustan Motors (up 2.4%) and Eicher Motors (up 2%).

Maruti Suzuki lost 7.7% during the week.

The BSE Oil & Gas Index (up 4.8%): The top gainers in the oil & gas space were Gujarat NRE Coke (up 11.1%), Reliance Industries (up 8%), Essar Oil (up 7.2%), Cairn India (up 6.6%) and MRPL (up 6.3%).

The top losers were Hindustan Petro (down 5.2%), Indian Oil Corp (down 4.5%), Bharat Petrol (down 2.1%), Shiv-Vani Oil (down 0.7%) and Chennai Petroleum (down 0.7%).

The BSE Capital Goods Index (up 2%):The top gainers in the Capital Goods space were Aban Offshore (up 17.1%), Praj Industries (up 10.3%), Beml (up 10%), Crompton Greaves (up 7.6%) and Kirloskar Bro (up 6.4%).

The top losers in the Capital Goods were SKF India (down 1.5%) and Gammon India (down 0.4%).

The Cement Sector: The top gainers in the cement sector were India Cements (up 6.5%), Shree Cement (up 4.3%), Dalmia Cement (up 3%), Ultratech Cement (up 2.4%) and Grasim Inds (up 1.9%).

The top losers in the cement sector were JK Cements (down 1.4%), Birla Corp (down 1%), Madras Cements (down 0.6%), Binani Indus (down 0.5%) and Mangalam Cement (down 0.5%).

The Telecom Sector: The top gainers in the telecom space were WWIL (up 41%), Himachal Futurist (up 20.5%), Bharti Airtel (up 8.1%), RCom (up 7.1%) and Idea Cellular (up 5.7%).

The Realty Sector (up 5.2%):The top gainers in the real estate space were Parsvnath (up 8.6%), Sobha Developers (up 7.7%), HDIL (up 6.7%), DLF (up 6.2%) and Ansal Props (up 6.2%)

The top losers were Anant Raj Indus (down 4.5%), Peninsula Land (down 1.1%) and Akruti City (down 0.5%).

The Metals sector (up 3.8%): The top gainers in the metals sector were Lloyds Metals (up 38.6%), Adhunik Metaliks (up 17.7%), Jindal Steel (up 8.6%), Bhuwalka Steel (up 8.3%) and JSW Steel (up 6.5%).

The top losers in the metals sector were Monnet Ispat (down 2.4%), Bhushan Steel (down 1%).