Post Session: Nifty reclaims 8000 level; Sensex ends 160 pts higher Analysis for Jun 15, 2015

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The Indian equities ended higher on Monday led by gains in index heavyweights such as Sun Pharma, Bajaj Auto, Reliance Industries, M&M and HDFC, as investors maintained fresh positions amid value buying opportunities. The improvement in the key macro indicators, CPI, WPI and IIP data, proved an icing on the cake for the market which helped equities recovered from early losses, bucking muted trend from Asian peers. However, persistent worries over Greece defaulting on its debt weighed on market sentiments as International Monetary Fund decided to walk away from bailout talks. On the global front, Asian peers ended on negative note after media reported that International Monetary Fund has decided to walk away from Greece's torturous debt bailout talks coupled with fresh tightening of margin financing in China.

The BSE SENSEX closed at 26586.55 up by 161.25 points or by 0.61 per cent and the NSE Nifty ended at 8013.9 up by 31 points or by 0.39 per cent.

Meanwhile, the BSE MIDCAP settled at 10120.8 down by 1.14 points or by 0.01 per cent, while the BSE SMLCAP closed at 10618.4 up by 44.62 points or by 0.42 per cent.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 837.75,+2.95%), Bajaj Auto Ltd. (Rs. 2334.30,+2.13%), Mahindra & Mahindra Ltd. (Rs. 1221.20,+2.12%), Housing Development Finance Corporation Ltd. (Rs. 1214.70,+2.07%), Reliance Industries Ltd. (Rs. 901.00,+1.33%), among others.

On the flip side, Hindalco Industries Ltd. (Rs. 114.40,-1.97%), Vedanta Ltd. (Rs. 181.25,-1.49%), State Bank of India (Rs. 250.55,-1.34%), Tata Power Company Ltd. (Rs. 72.10,-0.69%), NTPC Ltd. (Rs. 135.65,-0.66%), were among notable losers.

On the sectoral front, auto and healthcare stocks emerged as top gainers and rose 1.12 and 0.92 per cent, respectively, on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2787, shares advanced were 1431 while 1212 shares declined and 144 were unchanged.

Story first published: Monday, June 15, 2015, 16:48 [IST]
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