Markets end week on a high, gain 584 points

Mumbai: It was a strong day for the markets after few consecutive weak sessions. The markets witnessed smart recovery in the second half of trade after lacklusture performance in early trade on the back of heavy buying in the scrips across sectors led by IT, metal, auto and oil & gas.

The rally was mainly dominated by the large caps as the midcaps and smallcaps are still finding difficult to attract investors attention. Capital good, banking, power and realty counters remained subdued for most part of the day.

Market breadth was negative however very thin and the volume was also truncated on the first day of February expiry.

Sensex ended up 584.71 points or 3.31 per cent at 18233.42, and the Nifty was up 179.80 points or 3.50 per cent at 5317.25.

On BSE, about 1193 shares advanced, 1753 shares declined, and 60 shares remained unchanged. BSE midcap ended down 0.23 per cent at 7749.02 and smallcap ended down 0.51 per cent at 10,073.11.

BSE auto index ended up 3.54 per cent at 5003.61. Apollo Tyres, Hero Honda and Tata Motors were the top gainers.

BSE bankex ended up 1.91 per cent at 10918.91. ICICI bank, Bank of Baroda and IOB were some of the top gainers in the banking space.

BSE cap good index was up 0.31 per cent at 16438.70. Suzlon Energy, Triveni Eng and Alfa Laval were the winners in this space.

BSE FMCG index ended up 2.69 per cent at 2225.66. ITC, GSK and Marico were few gainers in this space.

BSE pharma index ended up 1.06 per cent at 3641.80. GlaxoSmithkline, Sterling Biotech and Cipla were few gainers in the pharma sector.

BSE IT index ended up 5.77 per cent at 3924.21. IT space was the strongest sector in todays trade with Mphasis, iFlex, Tech Mahindra and Satyam were the top performers.

BSE metal index was up 3.63 per cent at 15868.98. In the metal space, Sterlite Inds, JSW Steel, Hindalco were the top gainers.

BSE oil & gas index ended up 2.82 per cent at 11006.72. In the oil & gas sector, few gainers were BPCL, ONGC and Reliance Petroleum.

BSE power index ended 1.45 per cent at 3795.42. Tata Power, Suzlon Energy and NTPC were some top gainers in this space.

BSE realty index ended flat. Akruti City, HDIL and Omaxe were among the gainers in the realty space.

Turnover today:

• BSE cash - Rs 5566.69 crore
• NSE cash - Rs 13347.72 crore
• NSE F&O - Rs 35830.69 crore
• Total - Rs 54745.10 crore

Markets snapshot:

Market bounces from day's low in late trade; led by large caps, mid can small cap stocks still languishing.

• Sensex up 585 pts at 18233; recover 700 pts from day’s low
• Nifty up 180 pts at 5317; recover 227 pts from day’s low
• CNX Midcap end flat; BSE Smallcap down 0.5 per cent
• All sectoral indices end in green; Auto, IT stocks led from the front
• BSE IT Index up 6.2 per cent; HCL Tech up 10.6 per cent, Satyam up 7.3 per cent, TCS up 6.4 per cent, Infosys up 6.4 per cent, Wipro up 4.1 per cent
• BSE Metals Index up 3.7 per cent; Sterlite up 9.5 per cent, Hindalco up 8.3 per cent, Tata Steel up 5.1 per cent, SAIL up five per cent
• BSE Auto Index up 3.5 per cent; Tata Motors up 7.7 per cent, Maruti up 6.5 per cent, Hero Honda up 5.2 per cent
• BSE Oil & Gas Index up 2.9 per cent; bpcl UP 6.8 per cent, ONGC up 5.7 per cent, RPL up 5.6 per cent, Cairn up 4.6 per cent
• Other Index Gainers: Bharti Airtel up 5.9 per cent, HDFC up 5.7 per cent, NTPC up 4.9 per cent, GSK Pharma up 4.6 per cent, ICICI Bank up 4.5 per cent
• Other Index Losers: Nalco down 4.4 per cent, Zee Ent down 4.2 per cent, Siemens down 2.7 per cent, Unitech down 2.7 per cent
• Non Index Gainers: Mphasis up 14.5 per cent, Hotel Leela up 14.6 per cent, Everest Kanto up 11.6 per cent, Educomp up 11.4 per cent, Bajaj Hind up 10.1 per cent, Tech Mahindra up 9.7 per cent, Apollo Tyre up 9.2 per cent, Jet Airways up nine per cent
• Non Index Losers: Elecon Engg down 9.4 per cent, Punj Lloyd down 9.1 per cent, Asian Elec down 9 per cent, ABG Shipyard down 7 per cent, Kotak Mahindra Bank down 5.4 per cent, Tata Chemical down 5.3 per cent, Goejit Fin down 5 per cent
• Future Capital closes at Rs 910 Vs listing price of Rs 1081; Issue Price is Rs 765
• NSE Advance Decline is 1:1
• Total Turnover at Rs 54,745 crore Vs Rs 1.05 lakh crore on Thursday

F&O updates:

• Nifty futures ends at 1 pt premium; add 22.5 lakh shares in OI
• Nifty future accounst for nearly 40 per cent of total FNO turnover
• 6050 call add 59000 shares in OI; premium at Rs 37
• 6400 put add 29850 shares in OI; premium at 1010
• IT, Auto stocks see additon of long positions; engineering stocks see addition of short positions
• Short covering seen in ICICI Bank, Triveni Eng, ITC, Infosys, Rolta, Hotel Leela