The markets closed near its day's high, the rally picked up momentum during the final hours of trade.
The BSE Sensex closed above the 10,000 level with gain of over 218 points and the Nifty closed with a gain of 62 points.
The Sensex finally closed at 10,040.14 up 217.62 points. The NSE Nifty closed at 2,923 up 62 points.
The BSE Small Cap Index closed at 5,323.89, up 210.23 points. The BSE Midcap Index ended at 4,323.64, up 111.95 points.
About 2015 shares have advanced, 349 shares declined, and 46 shares are unchanged.
The global cues were not very positive, the Asian markets ended flat and the European markets opened in the red.
The major gainers on the indices were Dr Reddy's Labs, Bharti Airtel, Wipro, Reliance, HCL Tech and Jet Airways.
The BSE Oil and Gas Index was rose 2.98% at 4,889.37. Chennai Petro, Reliance, Petronet LNG, MRPL and ONGC advanced higher.
The BSE IT Index was up by 2.77% at 3,503.16. HCL Tech, Wipro, HCL Info, Satyam and Infosys moved up.
The BSE FMCG Index was up 2.68% at 1,840.89. McDowell, Shaw Wallace, ITC and P&G closed in green.
The BSE Metal index was up 2.5% at 7,794.05. Sesa Goa, JSW Steel, JindalStainless, SAIL and Guj NRE Coke witnessed buying at the bourses.
The BSE Capital Goods Index moved up by 2.34% at 6,636.55. BEML, Thermax, Alstom Projects, Carborundum, Ingersoll Randm, Aban LoydChiles and Praj Industries closed higher.
The BSE Health Care Index was up by 2.34% at 3,145.32. Dr Reddys Labs, Glenmark, Biocon, Wockhardt, FDC and Sun Pharma were among the major gainers.
The BSE Consumer Durables Index gained 2.27% at 2,763.00. Whirlpool, Su-Raj Diamonds, BPL, Titan Industries and Samtel Color inched up.
The BSE Bankex advanced 0.92% at 4,305.68. IOB, Bank of India, Andhra Bank, PNB and Kotak Mahindra moved up.
The BSE Auto Index added 0.78% at 4,531.40. Apollo Tyres, Escorts, Tube Investment, Sundram, MRF and Hind Motors closed in positive terrain.
The NSE cash turnover was at Rs 6030.16 crore and the NSE F&O turnover was at Rs 23252.40 crore. The BSE cash turnover was Rs 2817.31 crore. Total market wide turnover was at Rs 32099.87 crore versus Rs 32,526.64 yesterday.
Markets today:
- Markets rally on broad-based buying; Sensex ends above 10,000
- Sensex closes at 10,040, Nifty at 2923, both up 2.2%
- Oil & Gas, IT, FMCG, & Metals stocks among top gainers
- BSE Oil & Gas index up 3%; RIL up 4.2%, IPCL up 1.5%
- BSE IT index up 2.8%; HCL Tech up 8.8%, Wipro up 4%
- BSE FMCG index up 2.7%; ITC up 4.4%, Tata Tea up 1.4%
- BSE Metals index up 2.5%; SAIL up 4.2%, Tata Steel up 2.6%
- Second rung stocks outperform the broad market
- BSE Small Cap index up over 4%; NSE CNX Midcap index up 2.7%
- Across the board gains; BSE & NSE 500 indices up over 2% each
- Market breadth positive; NSE Advance:Decline ratio over 15:1
- Total market turnover Rs 32,099.87 vs Rs 32,526.64 yesterday
Sensex @ 1500 hrs
The markets have further gained ground and moved up on the back of buying seen in scrips across sectors. At 3:00 pm, the Sensex has breached the 10000 level and was trading at 10033 up 210 points and the Nifty was trading at 2821 up 60 points.
About 1989 shares have advanced, 329 shares declined, and 48 shares are unchanged.
All the BSE sectoral indices are trading in green and heavy buying can be seen in metal, pharma and capital goods.
The major gainers on the indices were Dr Reddys Labs, Reliance, Bharti Airtel, Reliance Energy, HCL Tech and ITC.
Sensex @ 1312 hrs
The markets continue to trade steady with selective buying seen in scrips across sectors.
At 1:12 pm, the Sensex was trading at 9,993 up 171 points and the Nifty was trading at 2,907 up 46 points.
More importantly, the BSE Midcap has advanced by 2.56% or 108 points at 4,319.62 and the BSE Smallcap was up 199 points or 3.9% at 5,313.13.
About 1956 shares have advanced, 301 shares declined, and 47 shares are unchanged.
All the BSE sectoral indices are trading in green and heavy buying can be seen in metal, pharma and capital goods.
The major gainers on the indices are Dr Reddys Labs, Hindalco, Reliance Energy, L&T and HCL Tech.
Sensex @ 1222 hrs
The markets have regained strength after a witnessing a fall in yesterdays trade.
At 12:22 pm, the BSE Sensex was trading at 9,987 up 164 points and the Nifty was trading at 2903 up 42 points.
About 1888 shares have advanced, 285 shares declined, and 44 shares are unchanged.
Dr Reddys Labs, Hindalco, Reliance Energy, Tata Steel and HCL Tech were top gainers on the indices.
HLL, BHEL, ONGC, Bharti Airtel, BPCL and HPCL were top losers on the indices.
Dr Reddys Labs was quoting at Rs 1,329.70, up Rs 69.70, or 5.53%. Hindalco was quoting at Rs 165.95, up Rs 6.95, or 4.37%. HCL Tech was quoting at Rs 462, up Rs 21.90, or 4.98%.
All sectoral indices in green.
- The BSE Metal index was up by 2.95% at 7826.86.
- The BSE Health Care and Capital Goods indices were up over 2% each.
- The BSE Consumer Durables index was up by 1.88% at 2752.46.
- The BSE IT index was up by 1.71% at 3466.9.
- The BSE Bankex was up by 1.08% at 4312.4
- The BSE Oil and Gas index was up by 1.1% at 4800.4.
- The BSE Auto index was up by 0.96% at 4539.46
- The BSE FMCG index was up by 0.79% at 1807.09.
Sensex @ 1140 hrs
The markets have gradually moved up on the back of renewed buying interest in select index pivotals.
At 11:40 am, the BSE Sensex was trading at 9,933 up 111 points and the Nifty was trading at 2886 up 24 points.
About 1797 shares have advanced, 288 shares declined, and 38 shares are unchanged. All the BSE sectoral indices are trading in green and heavy buying can be seen in metal, pharma and capital goods.
The major gainers on the indices are Dr Reddys Labs, Hindalco, Reliance Energy, L&T and HCL Tech.
Hindustan Lever was trading at Rs 214.00 down 1.27%, Reliance was trading at Rs 940.05 up 1.74%, Infosys was trading at Rs 2,869.00 up 0.89% and ITC was trading at Rs 164.10 up 1.52%.
Sensex @ 1038 hrs
After the initial sluggishness the markets have bounced back and moved in the positive terrain.
At 10:38, the Sensex was trading at 9884 up 62 points and the Nifty was up 10 points at 2871.
About 1251 shares have advanced, 201 shares declined, and 16 shares are unchanged.
The major gainers on the indices were NTPC, Dr Reddys Labs, Reliance Energy, ACC, Jet Airways, IPCL and ABB.
Among the laggards were HLL, Bharti Airtel, ONGC, Hero Honda, HPCL and BPCL.
Hindustan Lever was trading at Rs 213.00 down 1.73%, Reliance was trading at Rs 926.90 up 0.32%, Infosys was trading at Rs 2,827.00 down 0.59%and ITC was trading at Rs 162.50 up 0.53%.
Sensex @ 10:10
The markets were sluggish with mixed global cues. At 9:58 the Sensex was trading at 9770 down 52 points and the Nifty was trading at 2841 down 20 points.
However, by 10.07, the Sensex was up 19 points at 9842.
The NSE Nifty was up 1 point at 2862.
The global cues are mixed; the Nikkei was down about 1%, Straits Times down 0.3%, Taiwan down a bit less than 0.7%, Kospi down 0.7% and the Hang Seng is flat.
The Dow closed with modest gains of 0.3% and in the emerging markets; Russia was up about 1%, Brazil was down about 1%, Chile was up 0.5% and Mexico up about 1%.
The major losers were ONGC, Infosys, Bharti Airtel and HLL.
On the corporate front:
Jet-Sahara update
- Air Sahara says refused feelers from Jet on price cut; willing to extend deadline by 15 days
- IB gives security clearance to Naresh Goyal; home ministry clearance likely today
- Deal deadline expires tonight
RIL eyes stake in Haldia Petrochem
Ex-dividend: Dabur (Rs 10), Wockhardt (Rs 5)
Geometric Software acquires engineering firm for $25 m
Easun Reyrolle refuses Siemens move to make open offer for 20% stake (Siemens AG had acquired VA TECH AG which has 23.5% stake in Easun Reyrolle; promoters have 19%)
Promoters acquire shares in GE Shipping, REI Agro, Rajshree Sugars, Surana Tele
Results today: GSPL, Unity Infrastructures
Scandent completes merger with Cambridge; name changed to Cambridge Solutions
Elecon Engineering Company board to consider stock split on June 28
ONGC loses oil assets of Russia's TNK-BP to China's Sinopec
Oman, Flag telecom in talks for undersea cable link - ET
Uttam Galva out of the race to buy US based Detriot Cold Rolling - ET
Reliance Comm, Tata vie for Deutsche Telekom AG's bandwitch contract- the biggest ever such order - BS
Andhra Cement to expand capacity to 3 million tonne from existing 1.7 million tonne - BS
Maharashtra Seamless looking to acquire round steel-billet manufactures to ensure raw material supply
FII-MF
- FIIs net buy $4.8 million in equity on June 19
- MFs net sell Rs 52.66 crore (Rs 526.6 million) in equity on June 19
- NSE F&O Open Interest up Rs 472 crore (Rs 4.72 billion) at Rs 27,409 crore (Rs 274.09 billion)
For more on trading & markets, log on to www.moneycontrol.com.
