New Delhi: After three days of consecutive fall, the markets on Wednesday ended with smart gains due to large buying activity in metal, oil, auto and FMCG stocks.
The Sensex closed at 11,938.53, up 291.75 points or 2.50 per cent. It touched an intraday high of 11,965.09 and an intraday low of 11,635.40.
The Nifty gained 93.10 points or 2.69% at 3555.75. It touched an intraday high of 3562.30 and an intraday low of 3454.10.
The BSE Small Cap Index ended up 128.82 points or 1.82 per cent at 7,194.26. The BSE Midcap Index closed at 5,684.92, up 88.04 points.
The CNX Midcap surged 67.6 points or 1.37 per cent at 4994.75. It touched an intraday high of 5000.50 and an intraday low of 4930.55.
The market breadth was positive, about 1562 shares advanced, 898 shares declined, and 63 shares remained unchanged.
Maruti Udyog, Cipla, Tata Steel, ACC, MTNL and BPCL were among the major gainers on the indices.
The total market turnover recorded at Rs 70,246.6 crore and the NSE cash turnover was at Rs 9,224.57 crore. The BSE cash turnover stood at Rs 4681.95 crore.
The turnover in NSE F&O segment recorded at Rs 56,340.08 crore. The recorded turnover in index futures was Rs 18522.76 crore. The recorded turnover in stock futures was Rs 4681.95 crore.
The marketwide rollover was at 61 per cent and the Nifty rollover at 56.5 per cent. Reliance, Tata Steel, Satyam, Sterlite and Siemens were the top trades. The Nifty May Futures ended with premium at 20 points. The Nifty futures added 64 lakh shares in total Open Interest.
Metal stocks like Sterlite Ind, Hind Zinc, Tata Steel, Sail, Sesa Goa and Hindalco firmed up on the back of strengthening metal prices. The BSE Metal index gained 4.08 per cent at 10,485.76.
LME Zinc touched all-time high at USD 3405 tonne. LME Zinc has gained 78 per cent in 2006. International Iron and Steel Institute estimated world steel demand to grow 7.3 per cent to 1,087 million metric tonnes in 2006.
International Iron and Steel Institute estimated world steel demand to grow 5.8 per cent to 1,150 million tonnes in 2007.
Fund buying, Strong global demand, declining inventories support Metals rally
The BSE Auto index was up 2.98 per cent at 5,499.19, stocks including Maruti Udyog, Hind Motors, Asahi India, Bajaj Auto, Tata Motors and Hero Honda also surged.
Oil stocks including IOC, ONGC, BPCL, Chennai Petroleum, Reliance and Kochi Refineries closed in green. The Oil & Gas index was up 2.88 per cent at 5,645.46.
The BSE FMCG index moved up 2.48 per cent at 2,284.45, stocks like HLL, Britannia, Nestle, ITC Tata Tea and Shaw Wallace closed higher.
Technology stocks including Wipro, MphasiS BFL, Satyam, Infosys, TCS and I-Flex also stirred up. The IT index gained 2.03 per cent at 4,092.21.
The BSE Healthcare index climbed 1.17% at 3,867.85, stocks including Cipla, Aventis Pharma, Novartis, Aurobindo Pharma and Matrix Lab stirred up.
The BSE Bankex was up 0.91 per cent at 5,157.73, stocks including UTI Bank, HDFC Bank, ICICI Bank, SBI and Bank of India also closed higher.
The BSE Capital Goods index advanced 0.82 per cent at 8,683.08, stocks like Praj Industries, Aban Loyd, Siemens, BEML, ABB and BHEL also stirred up.
The BSE Consumer Durables index gained 0.6% at 3,421.28, stocks including BPL, Titan and Mirc Electronics ended in positive territory.
Maruti Udyog declared its Q4 results. The company's Q4 net profit is up 39% at Rs 360.9 crore from Rs 259.5 crore. It is launching a new model in FY09.
Patni Computer Systems announced its first quarter results. The company's Q1 consolidated net profit is up 6.8 per cent at Rs 70.6 crore from Rs 66.1 crore QoQ.
Siemens announced its Q2 results, which are above market expectations. Its Q2 net profit is up 48.7 per cent at Rs 118 crore from Rs 79.32 crore. Its Q2 sales are up 55.9 per cent at Rs 1115 crore from Rs 714.87 crore.
FY06 direct tax collection is up 24.4 per cent at Rs 1.64 lakh crore.
FY06 corporate tax collection is also up 18.8% at Rs 99,300 crore.
FY06 income tax collection is also up 34.2% at Rs 64,500 crore.
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