Share Bazaar News India

It was a strong day for the markets after few consecutive weak sessions. The markets witnessed smart recovery in the second half of trade after lacklusture performance in early trade on the back of heavy buying in the scrips across sectors led by IT, metal, auto and oil & gas.

The rally was mainly dominated by the large caps as the midcaps and smallcaps are still finding difficult to attract investors attention. Capital good, banking, power and realty counters remained subdued for most part of the day. Market breadth was negative however very thin and the volume was also truncated on the first day of February expiry.

Sensex ended up 584.71 points or 3.31% at 18233.42, and the Nifty was up 179.80 points or 3.50% at 5317.25. on BSE, about 1193 shares advanced, 1753 shares declined, and 60 shares remained unchanged. BSE midcap ended down 0.23% at 7749.02 and smallcap ended down 0.51% at 10,073.11.

BSE auto index ended up 3.54% at 5003.61. Apollo Tyres, Hero Honda and Tata Motors were the top gainers.

BSE bankex ended up 1.91% at 10918.91. ICICI bank, Bank of Baroda and IOB were some of the top gainers in the banking space.

BSE cap good index was up 0.31% at 16438.70. Suzlon Energy, Triveni Eng and Alfa Laval were the winners in this space.

BSE FMCG index ended up 2.69% at 2225.66. ITC, GSK and Marico were few gainers in this space.

BSE pharma index ended up 1.06% at 3641.80. GlaxoSmithkline, Sterling Biotech and Cipla were few gainers in the pharma sector.

BSE IT index ended up 5.77% at 3924.21. IT space was the strongest sector in todays trade with Mphasis, iFlex, Tech Mahindra and Satyam were the top performers.

BSE metal index was up 3.63% at 15868.98. In the metal space, Sterlite Inds, JSW Steel, Hindalco were the top gainers.

BSE oil & gas index ended up 2.82% at 11006.72. In the oil & gas sector, few gainers were BPCL, ONGC and Reliance Petroleum.

BSE power index ended 1.45% at 3795.42. Tata Power, Suzlon Energy and NTPC were some top gainers in this space.

BSE realty index ended flat. Akruti City, HDIL and Omaxe were among the gainers in the realty space.

Turnover today:
* BSE cash - Rs 5566.69 cr
* NSE cash - Rs 13347.72 cr
* NSE F&O - Rs 35830.69 cr
* Total - Rs 54745.10 cr

Markets snapshot:
* Market bounces from day's low in late trade; led by large caps, mid can small cap stocks still languishing
* Sensex up 585 pts at 18233; recover 700 pts from day’s low
* Nifty up 180 pts at 5317; recover 227 pts from day’s low
* CNX Midcap end flat; BSE Smallcap down 0.5%
* All sectoral indices end in green; Auto, IT stocks led from the front
* BSE IT Index up 6.2%; HCL Tech up 10.6%, Satyam up 7.3%, TCS up 6.4%, Infosys up 6.4%, Wipro up 4.1%
* BSE Metals Index up 3.7%; Sterlite up 9.5%, Hindalco up 8.3%, Tata Steel up 5.1%, SAIL up 5%
* BSE Auto Index up 3.5%; Tata Motors up 7.7%, Maruti up 6.5%, Hero Honda up 5.2%
* BSE Oil & Gas Index up 2.9%; bpcl UP 6.8%, ONGC up 5.7%, RPL up 5.6%, Cairn up 4.6%
* Other Index Gainers: Bharti Airtel up 5.9%, HDFC up 5.7%, NTPC up 4.9%, GSK Pharma up 4.6%, ICICI Bank up 4.5%
* Other Index Losers: Nalco down 4.4%, Zee Ent down 4.2%, Siemens down 2.7%, Unitech down 2.7%
* Non Index Gainers: Mphasis up 14.5%, Hotel Leela up 14.6%, Everest Kanto up 11.6%, Educomp up 11.4%, Bajaj Hind up 10.1%, Tech Mahindra up 9.7%, Apollo Tyre up 9.2%, Jet Airways up 9%
* Non Index Losers: Elecon Engg down 9.4%, Punj Lloyd down 9.1%, Asian Elec down 9%, ABG Shipyard down 7%, Kotak Mahindra Bank down 5.4%, Tata Chemical down 5.3%, Goejit Fin down 5%
* Future Capital closes at Rs 910 Vs listing price of Rs 1081; Issue Price is Rs 765
* NSE Advance Decline is 1:1
* Total Turnover at Rs 54,745 Cr Vs Rs 1.05 lakh Cr yesterday

F&O updates:
* Nifty futures ends at 1 pt premium; add 22.5 lakh shares in OI
* Nifty future accounst for nearly 40% of total FNO turnover
* 6050 call add 59000 shares in OI; premium at Rs 37
* 6400 put add 29850 shares in OI; premium at 1010
* IT, Auto stocks see additon of long positions; engineering stocks see addition of short positions
* Short covering seen in ICICI Bank, Triveni Eng, ITC, Infosys, Rolta, Hotel Leela

Source: Moneycontrol.com