Sensex ends in green; realty, metals, capital goods up

Indian shares up; Tata Steel rebounds, Unitech down

Indian shares edged 0.2 percent higher early on Wednesday, with Tata Steel rebounding after falling initially.

At 9:17 a.m. (0347 GMT), the 30-share BSE index was up 0.15 percent at 18,301.73 points, with 17 components advancing.

Tata Steel reversed early losses and climbed more than 1 percent. The world's No. 7 steelmaker said late on Tuesday its quarterly net profit more than doubled, driven by demand and pricing in Europe and robust growth at its Indian operations.

But the company lagged estimates as higher raw material costs squeezed margins.

Unitech slipped 2.7 percent after Indian police on Tuesday questioned a top executive of the real estate developer as part of a probe into a telecoms corruption scandal that has roiled politics.

The 50-share NSE index was up 0.04 percent at 5,483.25. 

Nifty choppy; Tata Steel, Ambuja Cement, L&T up

At 10:41 am; National Stock Exchange’s Nifty was at 5490.15, up 9.15 points or 0.17 per cent. The broader index touched a low of 5466.80 and high of 5497.50 in trade so far.

Bombay Stock Exchange’s Sensex was at 18276.37, up 2.57 points or 0.01 per cent. The broader index touched a low of 18238.73 and high of 18349.17 intraday.

“On the daily chart we are observing that prices have marginally closed above the downward sloping channel but have formed a “Doji” pattern. This suggests indecisiveness prevailing at current levels.

In coming trading session if indices trade above 18370 / 5510 levels then they are likely to test 18542 – 18600 / 5566 - 5580 levels. On the downside, 18050 – 17990 / 5400 – 5380 may act as support for the day,” said Angel Broking note.

BSE Midcap Index was up 0.45 per cent and BSE Smallcap Index moved 1.03 per cent higher.

Amongst sectoral indices, BSE Metal Index was up 0.97 per cent, BSE Capital Goods Index gained 0.79 per cent and BSE Healthcare Index gained 0.67 per cent. BSE Realty Index was down 0.81 per cent and BSE Auto Index declined 0.59 per cent.

Tata Steel (3.29%), Ambuja Cement (2.43%), Jindal Steel (2.24%), Jaiprakash Associates (2.07%) and L&T (1.92%) were amongst the major Nifty gainers.

HDFC (-2.51%), IDFC (-2.36%), M&M (-1.69%), Hindalco (-1.41%) and DLF (-1%) were the top losers.

Market breadth was positive on the NSE with 1486 gainers against 772 losers. 

Sensex moves up; realty, metals, capital goods gain

At 12:50 pm; Bombay Stock Exchange’s Sensex was at 18339.72, up 65.92 points or 0.36 per cent. The broader index touched a low of 18216.12 and high of 18358.84 intraday.

National Stock Exchange’s Nifty was at 5495.65, up 14.65 points or 0.27 per cent. The broader index touched a low of 5460.35 and high of 5504.80 in trade so far.

“Yesterday’s market action hints that, Nifty entered into a consolidation zone after 2-days sharp rally. Consolidation is expected sideways between 5400 (which is also a 13-DMA) & 5550. During this consolidation, mid-caps are expected to take charge of market,” said Arihant Capital Market report.

BSE Midcap Index was up 0.51 per cent and BSE Smallcap Index moved 1.07 per cent higher.

Amongst sectoral indices, BSE Realty Index was up 2.13 per cent, BSE Metals Index gained 1.14 per cent and BSE Capital Goods Index gained 0.94 per cent. BSE Auto Index was down 0.19 per cent.

Jaiprakash Associates (4.08%), Tata Steel (2.63%), Jindal Steel (2.30%), Bajaj Auto (1.34%) and L&T (1.30%) were amongst the major Nifty gainers.

M&M (-2.31%), HDFC (-2.18%), Hindalco (-1.69%), Reliance Communications (-1.04%) and Tata Motors (-0.86%) were the top losers.

Market breadth was positive on the BSE with 1636 gainers against 1026 losers. 

Nifty rangebound; JP Asso,Tata Steel,Axis Bank up

At 2:50 pm; National Stock Exchange’s Nifty was at 5489.15, up 8.15 points or 0.15 per cent. The broader index touched a low of 5460.35 and high of 5504.80 in trade so far.

Bombay Stock Exchange’s Sensex was at 18315.84, up 42.04 points or 0.23 per cent. The broader index touched a low of 18216.12 and high of 18358.84 intraday.

BSE Midcap Index was up 0.48 per cent and BSE Smallcap Index moved 0.90 per cent higher. 

Sensex ends in green; realty, metals, capital goods up

Benchmarks ended lackluster session on a positive note due to lack of buying interest at current levels. Meanwhile some retail participation saw midcaps outperforming the frontliners.

Bombay Stock Exchange’s Sensex ended at 18316.44, up 42.64 points or 0.23 per cent. The broader index touched a low of 18216.12 and high of 18358.84 in today’s trade.

National Stock Exchange’s Nifty was at 5487.40, up 6.40 points or 0.12 per cent. The broader index touched a low of 5460.35 and high of 5504.80 intraday.

BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index moved 1.09 per cent higher.

Amongst sectoral indices, BSE Realty Index was up 2.14 per cent, BSE Metals Index gained 1.67 per cent and BSE Capital Goods Index moved 0.44 per cent higher. BSE Healthcare Index was down 0.72 per cent.

Jaiprakash Associates (6.79%), Tata Steel (4.37%), Jindal Steel (3.97%), Wipro (2.99%) and Tata Power (1.74%) were amongst the major Sensex gainers.

HDFC (-2.53%), Reliance Communications (-1.73%), M&M (-1.55%), Hero Honda (-1.24%) and ONGC (-1.18%) were the top losers.

Market breadth was positive on the BSE with 1551 gainers against 1124 losers.

Source: economictimes.indiatimes.com