Sensex ends in green; Broader indices outperform

Rally in the broader indices and rate sensitive stocks led to a positive closing on the Dalal Street

Major headlines

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Indian indices

Indian markets resumed uptrend after taking a pause in the previous session. Strong global cues and rally in rate sensitive stocks led the upmove. Buying action was seen in broader indices as traders focused on Midcap and Smallcap stocks. The BSE Midcap rose by 0.92% and BSE Smallcap surged by 1.19%. It was a range bound session, which ended on a positive note. Sustained buying by foreign funds also supported the markets.

Sensex movements: Positive global cues lifted the Sensex up by 133 points at 18896 in the opening trade and quickly touched the day’s high of 18942. Later the index trimmed early gains and hit the day’s low of 18782 in the mid-morning session. The index was trading in a tight range and remained lacklustre for the rest of the day. The Sensex closed 52 points higher at 18814 and the Nifty rose 23 points to settle at 5651.

Market sentiment

The market breadth stood strong, with 1,766 shares rising, 1,075 declining and 123 stocks remained unchanged.

Viewing volumes

One of the fastest growing integrated infrastructure enterprises of India - Lanco Infratech was traded the most, with over 0.37 crore shares changing hands on the BSE. It was followed by an industrial finance company - IFCI (0.32 crore shares), one of India's leading consumer products & services group - Marico (0.30 crore shares), a realty major - DLF (0.29 crore shares) and wind turbine major - Suzlon Energy (0.27 crore shares).

Sectoral & stock screening

Among 13 sectors, 11 sectors ended the session higher. BSE Realty was the leading sector, surging by 3.66%, followed by BSE Consumer Durables (CD) up by 1.99% and BSE Bankex rose by 1.09%. The only two losers - BSE Capital Goods (CG) fell by 0.29% and BSE Fast Moving Consumer Goods (FMCG) lost by 0.21%.

In 'A' group stocks, top three gainers were - Reliance Infrastructure surged by 6.84%, Tata Global Beverages rose by 6.69% and Shree Renuka Sugars up by 6.50%. Top three losers were - Jubilant FoodWorks dropped by 5.34%, Jaypee Infratech slipped by 3.46% and Sun TV Network dipped by 3.27%.

Global signals

The European stocks were broadly flat on Monday as Standard & Poor's warning of a 'selective default' by Greece damped earlier optimism about European Union finance ministers' approval of the next tranche of aid for the debt-stricken country.

All the Asian markets closed higher on Monday.

The US markets will remain closed on Monday for Independence Day.