Markets extend gains; ONGC, Hindalco support Analysis for Oct 20, 2014

Subscribe to GoodReturns

Extending the gains, the key domestic benchmark indices continued to trade firm during the late noon trading session. The investors remained optimistic amid sustained buying in oil shares and financials after the government made oil and gas reforms, followed by Maharashtra and Haryana Assembly election results which favoured the ruling Bharatiya Janata Party (BJP) at the centre. Meanwhile, FIIs have raised their holdings in ONGC, Oil India, HPCL, BPCL, IOC and GAIL India during July-September quarter.

At 2:27PM BSE SENSEX was at 26429.42, up by 320.89 points or by 1.23 per cent, while the NSE Nifty was at 7873.85, up by 94.15 points or by 1.21 per cent.

The BSE MIDCAP was at 9367.39, up by 94.9 points or by 1.02 per cent, while the BSE SMLCAP was at 10374.4, up by 60.43 points or by 0.59 per cent.

The BSE Sensex touched an intraday high of 26517.9 and an intraday low of 26368.94, while the NSE Nifty touched an intraday high of 7905.95 and an intraday low of 7856.95.The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 420.85,+5.94%), Hindalco Industries Ltd. (Rs. 146.20,+4.65%), Axis Bank Ltd. (Rs. 417.90,+3.97%), Tata Motors Ltd. (Rs. 494.60,+3.96%), Larsen & Toubro Ltd. (Rs. 1490.60,+2.63%), among others.

The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 559.00,-1.20%), Infosys Ltd. (Rs. 3816.05,-0.98%), Tata Consultancy Services Ltd. (Rs. 2434.45,-0.43%), ITC Ltd. (Rs. 353.50,-0.11%), Reliance Industries Ltd. (Rs. 937.25,-0.10%), among others.

Among the sectors, In BSE, BSE_PSU index was at 8035.4 up by 178.87 points or by 2.28%. Hindustan Petroleum Corporation Ltd. (Rs. 520.70,+6.01%), Oil And Natural Gas Corporation Ltd. (Rs. 420.85,+5.94%), Punjab & Sind Bank (Rs. 56.85,+4.89%), Andhra Bank (Rs. 75.35,+4.80%), Rural Electrification Corporation Ltd. (Rs. 270.25,+4.28%),.

On the flip side, In BSE, BSETECk index was at 5638.95 down by -18.22 points or by -0.32%. Den Networks Ltd. (Rs. 166.80,-7.54%), Persistent Systems Ltd. (Rs. 1265.00,-5.35%), KPIT Technologies Ltd. (Rs. 153.45,-2.42%), HT Media Ltd. (Rs. 110.45,-2.08%), HCL Technologies Ltd. (Rs. 1482.00,-1.56%),.

The Market breadth, indicating the overall strength of the market, was positive. On BSE out of total 2925 shares traded, 1669 shares advanced, 1133 shares declined while 123 remained unchanged.

Story first published: Monday, October 20, 2014, 15:00 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC