Consumer goods and autos drive markets

New buoyancy received from positive fiscal outlook and relief from Gujarat uncertainties take markets closer to new highs.

Upswing in BSE Consumer Discretionary Goods & Services index was supported by Indo Rama Synthetics was at Rs. 48.80 per share, up by 19.90 per cent, Sarla Performance Fibers was at Rs. 63.90, up 14.52 per cent, Setco Automotive was at Rs. 62.50, up 13.02 per cent, BPL was at Rs. 113.85, up 11.56 per cent, Nila Infrastructures was at Rs. 26.50, up 7.94 per cent and Ucal Fuel Systems was at 291.50, up 6.52 per cent. Other stocks including Mirc Electrical, Subros, Butterfly were up by more than 5 per cent.

Jewellery stock led by Titan Company which was trading at Rs. 857.30 per share, up 2.33 per cent were also shining on Tuesday. Other consumer durables stock including PC Jeweller, Whirlpool, Bajaj Electricals, Rajesh Exports, Symphony, Crompton, VIP Industries were up 1 to 2 per cent.

Also, positive sales outlook on the back of year-end discounts offered by automakers driving a rally in the auto stocks. Index heavyweights including Hero Motors was trading at Rs. 3,595.00 per share, up 1.82 per cent, Tata Motors was at Rs. 412.60, up 1.75 per cent, while Maruti Suzuki was at Rs. 9,455.50 up 1.58 per cent and Bajaj Auto was at Rs. 3,274.00, up 1.44 per cent.

At 11:15 hours S&P BSE Sensex was at 33,711.87 points, up 110.19 points or 0.33 per cent, while Nifty50 was at 10,423.05, up 34.30 points or 0.33 per cent.