Sensex up 320 points; Consumer goods, realty stocks rally Analysis for Oct 09, 2014

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The markets continued to trade firm in the morning session of trade, tracking firm cues from the Asian peers, which were trading higher after the U.S. Federal Reserve in its latest policy meet reassured investors that the central bank is in no hurry to raise interest rates. The 30-share benchmark index was up over 320 points while, the 50-share Nifty index managed to reclaim its crucial psychological level of 7900, supported by gains in pharma, metal, realty and banking stocks.

At 10:29AM BSE SENSEX was at 26566.98 up by 320.19 points or by 1.22 per cent, while the NSE Nifty was at 7931.95 up by 89.25 points or by 1.14 per cent.

The BSE MIDCAP was at 9535.7, up by 131.87 points or by 1.4 per cent, while the BSE SMLCAP was at 10727.22, up by 163.08 points or by 1.54 per cent.

The BSE Sensex touched an intraday high of 26570.56 and an intraday low of 26394.21, while the NSE Nifty touched an intraday high of 7935.35 and an intraday low of 7886.5.

The top gainers of the BSE Sensex pack were Hindalco Industries Ltd. (Rs. 156.45,+5.14%), Bharat Heavy Electricals Ltd. (Rs. 209.65,+3.81%), Dr. Reddy's Laboratories Ltd. (Rs. 3033.70,+2.36%), Cipla Ltd. (Rs. 598.00,+2.17%), State Bank of India (Rs. 2460.75,+2.03%), among others.

The top losers of the BSE Sensex pack were NTPC Ltd. (Rs. 142.90,-0.59%), among others.

Among the sectors, In BSE, BSE_CGS index was at 14407.15 up by 269.83 points or by 1.91%. Bharat Heavy Electricals Ltd. (Rs. 209.65,+3.81%), Crompton Greaves Ltd. (Rs. 209.65,+3.76%), Pipavav Defence & Offshore Engineering Company Ltd. (Rs. 38.70,+3.61%), Bharat Electronics Ltd. (Rs. 2044.95,+3.51%), Va Tech Wabag Ltd. (Rs. 1642.45,+1.86%),.

On the flip side, In BSE, BSE_CDS index was at 9702.98 down by 72.24 points or by 0.75%. PC Jeweller Ltd. (Rs. 224.55,-1.25%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2249 shares traded, 1711 shares advanced, 470 shares declined while 68 remained unchanged.

Story first published: Thursday, October 9, 2014, 10:48 [IST]
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