Sensex Ends On Day’s High, Auto Up 1.9%

After seeing a negative opening this morning, the markets turned positive in the afternoon and finally closed on the higher end. The Nifty was up by 41 points and closed the day at 5850, while the Sensex closed up by 147 points at 19325. Both indices ended higher by 0.72% and 0.77% respectively.

The advance–decline ratio ended on the positive side. On the NSE, 729 shares closed in green and 655 shares were in the red.

Top 5 Nifty Gainers: Mahindra & Mahindra closed with gains of 4.2% as the top gainer, followed by BHEL, Bajaj Auto, Bharti Airtel and Sun Pharma.

Top 5 Nifty Losers: Ranbaxy Labs ended the day 3.3% lower. Hindalco, Dr. Reddy’s Labs, Sesa Goa and NMDC were among the others trading lower.

12 out of the 13 sectors ended on a positive note. Auto was the highest gainer, up by 203 points while Capital Goods was up 107 points. Consumer Durables, Banks and Oil & Gas were up by 66 points, 59 points and 55 points respectively. The Mid-Caps and Small-Caps also ended higher.

The Asian markets closed on a positive note. Nikkei was the top gainer, up by 346 points. Hang Seng was higher by 256 points, while China’s Shanghai Composite, Straits Times and the Taiwan index ended flat.

Buzzers: Tata Motors’ global wholesale vehicle sales fell by an annual 17.5% in May, the company said, as a marginal rise in the sales of its luxury Jaguar Land Rover cars failed to offset sluggish passenger and commercial vehicle sales.

The Nifty managed to close above the 5850 mark. Going ahead, we could see the index move above this level.