Sensex, Nifty higher; Tata Motors surges

The bulls held their grip in the Indian markets during the week. The auto stocks like Tata Motors and Bosch showed good strength and Index is up by 106 points. The Nifty ended 29 points up and closed the day at 8170; while the Sensex closed 100 points up at 26625. Both the indices ended higher around 0.35 per cent each.

The advance-decline ratio ended in negative. On the NSE, 1256 shares closed in green, while 1314 shares were in the red.

Top Nifty Gainers: Bharti Airtel gained 3.03% and was the top gainer on the index. Tata Motors, HDFC, Tata Motors (DVR) and Coal India were among the others in gains.

Top Nifty Losers: Tata Power finished as the top loser on NSE, down by 3.4%, followed by Bharti Airtel, Tata Steel, Sun Pharma and Dr. Reddy's Labs.

All the sectoral indices ended higher. Auto was the top gainer, up by 106 points, followed by Consumer Durables and FMCG, which gained around 60 points each. Mid-Cap and Small-Caps also were higher by 20 points each. IT and Metals also closed in positive territory. However Healthcare and Capital Goods closed on the negative mark, down by 117 points and 65 points respectively.

The leading Asian indices also closed on a positive note. Nikkei was the top gainer, up by 165 points and Hang Seng was 131 points higher. Taiwan, KOSPI and Shanghai also closed in positive territory.

Buzzers: Tata Motors surged by 3 per cent to break the technical level of Rs 350. If it continues with current scenario, it may see more positive moves up to 375/380.  

The Nifty has been able to sustain above 8100/8050 mark. Going ahead these levels  will be the vital supports for further momentum.