Markets up for 6th day

The key benchmark indices closed the June series in the green zone, extending gains for the sixth day on global");'> global support.

Major headlines

Food inflation at 7.78% versus 9.13%

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Calcutta High Court adjourns Tata Motors’ Singur case

Indian indices

Markets were stuck in a tight range on the settlement day of June series and closed the session on a positive note. Sustained buying activity from institutional investors and good global");'> global cues after Greek approved austerity helped the key indices to extend six-day rally. The market spiked up in the last half an hour of trade owing to strong buying in FMCG, realty and consumer durables companies’ stocks.

Market sentiment was also bolstered by investors covering pending short positions on the last day of June contracts in the derivatives segment. A sharp dip in food inflation also provided some relief.

Sensex movements: Greek optimism lifted the Sensex 47 points higher at 18741 at the start. Volatility was high, with the Sensex touching the day’s low of 18723 in afternoon session. In late trade, the index hit the day’s high of 18873. The Sensex rose 152 points to settle at 18846 and the Nifty posted gains of 47 points to close at 5647.

Market sentiment

The market breadth stood in favour of advances. Of the 2,988 stocks traded on the BSE, 1,507 rose, 1,337 declined and 144 stocks closed unchanged.

Viewing volumes

One of the fastest growing integrated infrastructure enterprises of India - Lanco Infratech was traded the most, with over 0.60 crore shares changing hands on the BSE. It was followed by India's second largest real estate developer - Unitech (0.25 crore shares), world's fifth largest wrist watch manufacturer - Titan Industries (0.21 crore shares), a Jaypee Group firm - Jaiprakash Associates (0.20 crore shares) and an industrial finance company - IFCI (0.16 crore shares).

Sectoral & stock screening

All the sectors rallied except BSE Healthcare down by 0.03%. BSE Fast Moving Consumer Goods (FMCG) was the major gainer, rising by 1.83%, followed by BSE Realty and BSE Consumer Durables rose by 1.19% each. Other gainers' surged between 0.01-0.69%.

Coming to 'A' group stocks, top three performers were - Jaypee Infratech went up by 8.15%, Jubilant FoodWorks rose by 5.87% and Rashtriya Chemicals & Fertilizers (RCF) surged by 5.67%. Top three losers were - Lanco Infratech dropped by 3.89%, Zee Entertainment Enterprises declined by 3.74% and Jain Irrigation slipped by 3.42%.

Global signals

The European shares rose on Thursday, on track for a fourth consecutive session of gains, led by banking stocks in a short-term relief rally on hopes that Greece will pass the final austerity bill and avert a near-term default.



All the Asian stocks closed higher on Thursday.

The US stock index futures point to a positive opening on the Wall Street on Thursday.

Market Outlook: Weekly Jobless Claims data will be released in the US on Thursday.