Mkt ends on strong note, Energy star performers

Mumbai: It was not only an interesting end to the week but an entire interesting week for equity markets. The week saw some terrific gains on account of 50 bps rate cut by the Fed. Sensex was up 6.4 per cent and Nifty up 7.3 per cent during the week. Sensex also saw its biggest weekly points gain.

Standout performance was from Reliance group of stocks like Reliance Infra up over 75 per cent, Reliance, Rel Energy and Reliance Petro and Reliance Cap.

Apart from IT index which closed flat, all the BSE sector indices closed up over7 per cent. Realty index was the top gainer up 14% followed by oil & gas up 12 per cent.

The week saw a bull run in commodities and also in the currency market where rupee breached the 40 mark trading at 39.90 levels.

In today's session markets scaled new heights, both the frontline indices saw a a triple digit rally on a total turnover of over 1 lakh crore. Although there were some initial hicups but later the markets surged on the back of heavy buying in heavyweights like HUL, Reliance and SAIL. IT, FMCG and healthcare were among the top losers on the indices. However, trading strong are telecom, auto, oil & gas and realty were among the gainers.

Reliance Energy, Reliance, SAIL, HUL, Bharti Airtel, Reliance Communication, GAIL, Reliance Petro, Hero Honda and Grasim are among the top gainers on the indices.

NTPC, Suzlon Energy, Satyam, ITC, TCS are among the top losers on the Sensex. Infosys, Wipro, TCS touched 52 week low today.

Sensex was up 216.28 points or 1.32 per cent at 16564.23, and the Nifty up 90.00 points or 1.90 per cent at 4837.55. About 1279 shares have advanced, 1695 shares declined, and 57 shares are unchanged.

The BSE Midcap Index ended at 7,199.92 up 67 points or 1 per cent. The BSE Smallcap Index ended at 8,895.30 up 20 points or 0.22 per cent.

The BSE Capital Goods Index was closed at 14,520.17 up 1 per cent. Reliance Infra, Areva T&D, Thermax, Punj Lloyd, Astra Microwave closed higher.

The BSE Auto Index closed closed at 5,193.50 up 1 per cent. Escorts, Hero Honda, Exide Industrie, Cummins, Maruti Udyog ended in the green.

The BSE Metal Index closed at 12,812.76 up 0.7 per cent. Jindal Steel, SAIL, Sesa Goa, Sterlite Ind, Shree Precoated, Jindal Saw advanced. The BSE FMCG Index lost 0.6 per cent at 2,152.99. Britannia, Nestle, United Spirits, Tata Tea, ITC ended in red.

BSE Oil and Gas Index closed at 9,340.05 up 3.7 per cent. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green. The BSE IT Index closed at 4,428.34 up 1 per cent. Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed lower.

The BSE Bankex was up 0.6 per cent at 8,739.84. Oriental Bank, Union Bank, Kotak Mahindra, SBI, Canara Bank closed higher.

The NSE cash turnover was at Rs 16655.36 crore and the NSE F&O turnover was at Rs 75928.77 crore. The BSE cash turnover was Rs 8223.37 crore. Total market wide turnover was at Rs 100807.50 crore.