Click to play videoNew Delhi: The BSE benchmark index gained further strength as sustained buying spree was seen in the heavyweights. Select stocks from IT, banking, realty lost ground, while auto, cement and pharma gained.
BSE Sensex is trading at 17,396.31, up 105.21 points, while NSE Nifty is trading at 5,080.15, up 58.8 points (3.36 p.m).
The BSE Midcap rose 1.70% and BSE Smallcap rose 1.18%. Out of the total 2,813 stocks traded at the BSE, 1,740 advanced, 1,024 declined while 49 remained unchanged.
Amongst the sectoral indices, BSE Auto rose 0.43%, BSE Realty rose 0.32%, while BSE Bankex declined 0.54% and BSE IT declined 0.43%.
Key gainers amongst the Sensex include Reliance Energy, which advanced 12.17% to touch Rs 1,352.25, followed by NTPC which rose 5.53% to Rs 204.15, and ONGC rose 4.62% to Rs 1,002.20.
Cipla, Reliance Comm, Grasim, Ambuja Cement and HUL also moved up.
Laggards at the BSE were SBI, which declined 2.19% to Rs 1,907.95, ITC declined 1.79% to Rs 186.30 and BHEL declined 1.61% to Rs 2,000.00.
HDFC Bank, Bajaj Auto, TCS, Tata Steel, Wipro and ICICI Bank also slipped.
Nimesh Shah of kotak AMC feels investors need to invest cautiously. “Medium to long term situation is good and India is going to get re-rated but having said that in the near term we need to be more careful and the risk reward ratio doesn’t look as good as it was 4 weeks back.”
Deven Choksey of KR Choksey securities says, “I think this particular month is going to be the action month. More because the result are coming, some amount of portfolio churning will also take place and you will probably find I think the slow growing stocks getting shifted to little bit fast growing stocks.”
Top gainers on the Sensex are Reliance Energy at Rs 1,284.90 up 6.59 per cent, NTPC at Rs 201.50 up 4.16 per cent and Ambuja Cements at Rs 145.40 up 1.11 per cent.
Top losers on the Sensex are HDFC at Rs 2,479.55 down 1.89 per cent, ICICI Bank at Rs 1,044.95 down 1.71 per cent and TCS at Rs 1,039.85 down 1.6 per cent.
Market cues:
- FIIs net buy USD 596.1 mn in equity in Sep 27
- MFs net buy Rs 92.7 crore in equity on Sep 27
- NSE F&O Open Int up Rs 5,845 crore at Rs 73,458 crore
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