Sensex up 146 points; ITC, HUL surge Analysis for Apr 06, 2015

Posted By: Religare
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The key domestic benchmark indices inched up during the noon trading session led by FMCG majors on expectations of GST Constitutional Amendment Bill in the Lok Sabha very soon. The 30-share-benchmark index was up by 146 points, while NSE Nifty rose 3 points during the late noon trading session. However, banking stocks were trading lower ahead of RBI"s first bi-monthly Monetary Policy for 2015-16 scheduled on April 7, 2015, as Governor Raghuram Rajan waits to see how RBI's recent rate cuts percolate through the country's financial system.

At 2:11PM BSE SENSEX was at 28406.74, up by 146.6 points or by 0.52 per cent, while the NSE Nifty was at 8620.2, up by 33.95 points or by 0.4 per cent.

The BSE MIDCAP was at 10830.7, up by 80.28 points or by 0.75 per cent, while the BSE SMLCAP was at 11271.7, up by 124.98 points or by 1.12 per cent.

The BSE Sensex touched an intraday high of 28430.71 and an intraday low of 28221.99, while the NSE Nifty touched an intraday high of 8632.7 and an intraday low of 8573.75.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 1146.10,+6.26%), Oil And Natural Gas Corporation Ltd. (Rs. 316.30,+3.21%), Mahindra & Mahindra Ltd. (Rs. 1239.65,+3.16%), Cipla Ltd. (Rs. 730.00,+2.90%), ITC Ltd. (Rs. 339.90,+2.29%), among others.

The top losers of the BSE Sensex pack were Wipro Ltd. (Rs. 618.20,-2.08%), Tata Steel Ltd. (Rs. 318.50,-1.70%), Reliance Industries Ltd. (Rs. 823.40,-1.34%), Housing Development Finance Corporation Ltd. (Rs. 1317.00,-1.26%), Tata Power Company Ltd. (Rs. 76.70,-1.10%), among others.

Among the sectors, In BSE, BSE_HCS index was at 18296.5 up by 612.62 points or by 3.46%. Glenmark Pharmaceuticals Ltd. (Rs. 857.00,+8.67%), Sun Pharmaceutical Industries Ltd. (Rs. 1146.10,+6.26%), Aurobindo Pharma Ltd. (Rs. 1315.75,+5.45%), Cadila Healthcare Ltd. (Rs. 1869.75,+4.46%), Torrent Pharmaceuticals Ltd. (Rs. 1244.70,+3.98%),.

On the flip side, In BSE, BSE_IT index was at 11233.87 down by -43.48 points or by -0.39%. HCL Technologies Ltd. (Rs. 917.95,-2.29%), Wipro Ltd. (Rs. 618.20,-2.08%), MphasiS Ltd. (Rs. 386.75,-1.41%), Oracle Financial Services Software Ltd. (Rs. 3224.90,-1.10%), Tata Consultancy Services Ltd. (Rs. 2523.00,-0.80%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2807 shares traded, 1726 shares advanced, 960 shares declined while 121 remained unchanged.

Story first published: Monday, April 6, 2015, 14:36 [IST]
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