Sensex Hits Ton; Realty, Capital Goods Shine

After a minor dip in the afternoon session, the Indian markets picked up momentum in the last hour of trade, though the bulls were not able to cross the 5830 level. The Nifty closed with a marginal gain of 34 points at 5818 and Sensex closed up by 109 points at 19,252.

The advance-decline ratio ended on the positive side at the end of the day. On the NSE, 975 shares closed in the green and 431 shares were in losses.

Top 5 NSE Gainers: Jaiprakash Associates ended up by 5.53%. Others in the list include IDFC, DLF, Sesa Goa and Hindalco Industries.

Top 5 NSE Losers: Mahindra & Mahindra ended the day as the top loser, down 2.18%, followed by Hindustan Unilever, ITC, Ambuja Cements and Bharat Petroleum.

Most of the sectors ended the day in positives. Realty, Capital Goods and Metal were the top gainers among the sectoral indices. FMGC and Consumer Durables, though, ended down in the range 0.39%-0.99%.

The Asian markets closed higher today. Japan’s Nikkei 225 closed with gains of 2.09% at 11932.27, followed by Straits Times, Hang Seng and Shanghai Composite.

The European markets are trading firm so far. DAX is trading with gains of 1.08%, FTSE 100 is higher by 0.33% and CAC 40 is up 0.29%.

Buzzers: Mahindra & Mahindra closed down by 2.18% at Rs 878. The utility vehicle major said that its workers at the Nasik plant issued a notice to the management that they would go on strike on or after March 11 if their demand for higher wages was not settled.

Jubilant Foodworks surged more than 3% on the back of heavy volumes. The stock opened at Rs 1099.35, saw a high of Rs 1132.85 and closed the day at Rs 1116.

As we mentioned our earlier updates, a fresh up-move can be expected only if the Nifty sustains above 5830.