Business | Updated Aug 24, 2006 at 04:47pm IST

Mkts in top gear, closes above 11,500

Press Trust Of India

Mumbai: The markets showed a surprise rally on Thursday; they opened weak but moved up significantly on the back of heavy buying in scrips across sectors. The Sensex closed at 11,531.95 up 125 points. The Nifty gained 35 points to close at 3370.

The BSE Small Cap Index closed at 5,783.80 up 36 points or 0.6 per cent.

The BSE Midcap Index ended at 4,771.24 up 12 points or 0.25 per cent.

Most of the BSE sectoral indices closed in the positive terrain.

The BSE Oil and Gas Index gained 2.6 per cent at 5,562.30. Reliance, GAIL, IOC, MRPL and BPCL closed higher.

The BSE Metal Index advanced by 2 per cent at 8,251.14. Hindalco, Sterlite Ind, Hind Zinc, Tata Steel witnessed buying interest.

The BSE Auto Index gained 1.1 per cent at 4,930.82. Hind Motors, Sundram, MICO, Hero Honda and Tata Motors were among the top gainers.

The BSE FMCG Index closed was up 0.6 per cent at 1,963.18. Nestle, Dabur India, HLL and ITC closed in green.

The BSE Health Care Index rose 0.7 per cent at 3,497.40. GlaxoSmithKline, Apollo Hospital, Pfizer, Orchid Chemical and Matrix Lab rose on the bourses.

The BSE Bankex was up 0.5 per cent at 5,169.66. PNB, Bank of India, Oriental Bank, Union Bank, Vijaya Bank and SBI moved upwards.

The BSE IT Index was up 0.4 per cent at 4,221.89. Hexaware Tech, HCL Tech, Wipro, HCL Info and Satyam advanced.

The BSE Capital Goods Index closed flat at 7,651.54. Aban LoydChiles, Greaves Cotton, BEML, Thermax closed higher.

The NSE cash turnover was at Rs 6,737.86 crore and the NSE F&O turnover was at Rs 26,172.71 crore. The BSE cash turnover was Rs 3, 150.19 crore. Total market wide turnover was at Rs 36,060.76 crore.

Markets Today:

  • Markets gain on fund based buying in frontline stocks
  • Nifty futures end at 17 points premium to spot
  • Sensex up 1.10 per cent at 11531.95; Nifty up 1.04 per cent at 3,370.40
  • BSE Oil & Gas Index leads the bounce
  • BSE Oil & Gas Index up 2.6; RIL hogs the limelight; up 4.22 per cent; IPCL up 6 per cent
  • BSE Metal Index up 2.07 per cent; Hindalco up 3.7 per cent, Hind Zinc, Tata Steel up over 2 per cent each
  • Bharti Airtel up 2.39 per cent; backed by $1bn contract with Ericson
  • VSNL up 1.80 per cent; to invest $ 600 mn in submarine cable system
  • CNX Micap Index up 0.46 per cent; BSE Small Cap Index up 0.62 per cent
  • NSE Advance Decline ratio marginally in favor of advances
  • Total market turnover at Rs 36060.76 cr Vs Rs Rs 29489.14 cr

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