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After five week of losses, markets closed on the positive side


Stock market closed on the positive territory
Continuing their uptrend throughput the week, the stock markets closed in the green. Sensex closed at 16,821.46 level with gains of 144.71 points or 0.87%. The NSE major index Nifty closed at 5,040 with gains of 39.00 points or 0.78%.

Among the Sectoral indices of BSE Consumer Goods (-0.14), TECk (-0.53), Power (-0.97) and Information Technology (-1.31) showed negative movement. All other sectoral index showed gains, Metal, Consumer Durables, Oil and Gas and Auto were the ones that went up by more than 2%.

The most traded stock on the NSE was Unitech with 440 Lakh shares. The stock fell by 2.72%. The next stock which traded with high volumes was Suzlon with 175 shares.

Of the Sensex stocks Tata Power fell maximum by 2.13% to Rs 1,021. TCS fell 1.82%, BHEL by 1.74%, 1.56% by NTPC etc.

The major gainers were DLF with 5.93% followed by Tata Steel with 4.26% and then by Sterlite industries at 4.04%.

The global market saw huge selling pressure ahead of the release of US jobs data. European markets like France's CAC, Germany's DAX and Britain's FTSE were trading 2-3% lower. The Dow Jones futures fell 73 points. Among Asian markets, Shanghai, Hang Seng, Straits Times and Nikkei closed down 1-2%.

4.36 p.m.

Gains pared down on the bourse. Nifty at 5,014.80

After gaining at mid-noon the benchmark indices have shown tempremant, representing indication of profit-booking. Also there were fears of poor job data in US will hit the sentiment of the investors. The NSE benchmark, Nifty is at a gain of 13.80 points at 5,014.80 levels.

The most acvtive stock in terms of quantity was Unitech, JP Associate, Suzlon, ITC and Reliance communication. While Unitech had fallen by 1.45%, Reliance communication had gained by 4.27%.

Meanwhile, BSE benchmark Sensex was at 16,768.91, with a gain of 92.16 points or 0.55%.


Among the BSE Small cap companies it was Everonn Education that fell the most at 20%. Then it was Bhagwati Banq that had gained the most with 16.2%.

Meawhile on the BSE mid-cap, it was DB Corp that fell the most (-5.5%) and then there was Parsvnath Developers that went up by 8.5%.

As European Stocks opened in red the sentiments on Dalal Street would deteriorate further.

2.00 p.m.

Sensex gained along with Reliance Industries. Sensex at 16,852.42

The benchmark Sensex gained on further buying of heavyweight Reliance Industries, as it went up nearly 3%. The Sensex was at 16,852.42, up 175.67 points. Even the NSE benchmark S&P CNX Nifty was inching up; it rose 47.30 points or 0.95% to 5,048.30.

The BSE Metal and Oil & Gas outperformed other indices; both jumped 2% each. Auto and Healthcare moved up over 1%.

Sterlite and JSPL from the metal pack rallied 3-4%. SAIL, Tata Steel and Hindalco were up 1.7% each.

Heavyweights SBI, NTPC, Bharti, ICICI Bank and ITC climbed 1-1.7%. In the healthcare segment, Ranbaxy Labs, Sun Pharma and Dr Reddy's Labs climbed 1.5-2.2%.

However, TCS, Infosys, Axis Bank, BHEL, Tata Power, Maruti, PNB and IDFC fell 0.8-1.5%. HCL Tech was the top loser; fell 2.6%.

12.25 p.m.

Market still in positive even after booking profits. Nifty gains 0.87%

Bombay Stock Exchange benchmark index, the Sensex rallied naerly 300 points in the opening trade, the exchange was back in action after two days' of holiday. But then index pared down due to high due to profit booking. Asian markets too were down on profit booking after gains in previous sessions.

Sensex was trading at 16,676.75 up 100.72 points, meanwhile, Nifty rose 27.05 points to 5,028.05.

Among the major stock that gained were Sterlite industries, Jindal Steel, Reliance Indsutries, Ambuja Cements, Mahindra & Mahindra.

However, on the other hand, the stocks that fell the most were BHEL, Infosys, DLF and Tata Power.

Sesa Goa lost 1.5% on profit booking. Maruti Suzuki lost 1.5% due to strike at its Manesar Plant and weak auto sales numbers in August.

Among the sectoral indices Realty, Consumer Good, TECk and IT fell.

10:30 a.m.

Read more about: bse sensex nifty capital market
Story first published: Friday, September 2, 2011, 10:38 [IST]
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