Fourth Consecutive gain on Dalal Street; IT, Bank stocks rally …

Advertisement

Indian bourses opened flat amid weak global cues. Indices got dragged in red led by selling in Oil & Gas and Capital Goods stocks in early trade. On the flip side, IT stocks witnessed strong gain back stellar quarterly results of TCS.

Market slowly recovered and surpassed yesterday’s high levels led by buying in Banking and Capital Goods stocks. European markets also opened on weak note in line with other global markets. Indices ended near high point of the day.

Market breadth remained negative amid weakness in Midcap and Smallcap stocks. Both Midcap and Smallcap indices closed with loss of 0.42% and 0.12% respectively. Benchmark indices recouped losses and ended with muted gain.

Sensex closed at 25641.56 with the gain of 80.40 points and at NSE Nifty closed at 7663.90 with the gain of 23.45 points at the end of the day. BSE MIDCAP index closed at 9252.80 with the loss of 38.89 points and BSE SMALLCAP index closed at 10180.84 with the loss of 12.28 points.

In percentage term key gainers were Tata Consultancy Services Ltd (NSE: TCS), IDFC Ltd (NSE: IDFC) and HCL Technologies Ltd (NSE: HCLTECH) while key losers were Tata Power Company Ltd (NSE: TATAPOWER), Ambuja Cements Ltd (NSE: AMBUJACEM) and GAIL (India) Ltd (NSE: GAIL).

On sectoral front major buying was seen in IT, Banking & Financial and Capital Goods sectors while major selling was seen in Power, Realty, Consumer Durable and Oil & Gas sectors. Market breadth remained negative amid 1433 advances and 1516 decline stocks.

From the Nifty weight perspective, key gainers were ICICI Bank Ltd (NSE: ICICIBANK), Tata Consultancy Services Ltd (NSE: TCS) and Housing Development Finance Corporation Ltd (NSE: HDFC) while key losers were State Bank of India Ltd (NSE: SBIN), Reliance Industries Ltd (NSE: RELIANCE) and Oil & Natural Gas Corporation Ltd (NSE: ONGC).

Related Articles:

StriveBlue Home|Poompugar Shoppings