Bulls Have A Field Day
Suparna / 19 Sep 2013
While most of the indices remained in positives, Banking, Auto, Metals and Capital Goods stocks ably supported the Indian markets’ rally today. The Nifty ended 216 points higher at 6115 and Sensex gained 684 points to close at 20646.
The Indian markets saw an unbroken rally till the closing session today, with the most eager participation coming in from the Banking, Auto, Metals and Capital Goods stocks. The Nifty ended 216 points higher at 6115 and Sensex gained 684 points to close at 20646. Both the indices ended higher by around 3.5%.
The market breadth closed positive, with 1858 advances and 1476 declines on the NSE.Top Nifty Gainers & Losers: PNB was the highest gainer for the day, up by 9.3%. Among the others showing a strong performance were JP Associates, Bank of Baroda, SBI and Kotak Mahindra Bank. HCL Tech remained the only loser by day’s end, lower by 0.5%.
Apart from IT, all the sectoral indices ended in positives. Bankex made an outstanding rally, up by 805 points, Capital Goods was 337 points higher and Metals gained 320 points. The Auto index moved up by 315 points and Oil & Gas was up 268 points. Mid-Caps and Small-Caps also continued with a positive bias, up by 123 points and 63 points respectively.
In Asia, the Hang Seng remained the strongest index, up by 385 points. Nikkei ended higher by 260 points.
Buzzers: Mid-Cap stocks saw a superb rally today. Among these were India Bank (+12.4%), Oriental Bank (+9.7%), Max India (+9.2%), HMT (+9.1%), IB Real Estate (+9%), Edelweiss Finance (+8.9%), Alstom T&D (+8.9%) and Indian Overseas Bank (+7.8%).
The Nifty index closed above the 6100 level today. If it sustains above this, it reach the 6200 mark tomorrow.
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