February 28, 2014

Sensex, Nifty gains on FII inflows, strong buying - Stock Market Pulse

Sensex above 21000 as markets end at 5-week high

Sensex gains on FII inflows, strong buying
Markets closed higher for the fifth straight sessions. After trading for almost a range bound, markets staged recovery in the late session. It ended near the day’s high, led by heavy-weight Tata Motors and TCS. The S&P BSE Sensex and Nifty benchmark indices ended at 5-week high. The S&P BSE Sensex surged over 133 points or 0.63 percent to 21,120.20. After opening flat it touched a low of 20989 and a high of 21140. The CNX Nifty also gained over 38 points to end at 6276.95 gaining by 0.61 percent. It touched a high of 6282.7 and a low of 6228.1 in the intraday.

Among the sectoral indices Healthcare surged by 2.27 percent. IT, Auto and Capital Goods rose between 2-1 percent each. Metal index also gained nearly 1 percent. Bankex index advanced by 0.28 percent. Power and Realty were the other indices closing with gains. Whereas, Consumer Durables slipped by 0.67 percent. FMCG index declined by 0.33 percent and Oil & Gas index ended almost flat with negative bias. In the broader markets, Mid-cap index gained by 0.49 percent and Small-cap advanced marginally by 0.14 percent.

Among the sensex gainers, Hindalco Industries spurted nearly 7 percent. Tata Motors and TCS also gained over 4 percent. BHEL rose over 3 percent. ONGC, Sun Pharma, Axis Bank, Dr Reddys Lab and Cipla gained between 3-2 percent. Sesa Sterlite, Mahindra & Mahindra, Larsen & Toubro and Bajaj Auto also gained between 2-1 percent. ICICI Bank, SBI, Infosys, Gail (India) and Coal India were other gainers today.

In the sensex index losers, Maruti Suzuki skidded by 4.54 percent. NTPC dropped by 2.51 percent. Tata Steel Reliance Industries, HDFC Bank, Hindustan Unilever and Wipro slipped between 2-1 percent. Tata Power fell by 0.76 percent. Hero MotoCorp, ITC, Bharti Airtel and HDFC were the other index losers.

However, sensex breadth ended tad negative. Of the 2833 shares traded, 1357 shares declined and 1314 shares advanced. Whereas, 162 shares remained unchanged.

Tags – BSE Sensex, Market Pulse, Stock Market Pulse, Indian Stock Market

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Sensex, Nifty gains on FII inflows, strong buying
http://www.stockmarketpulse.net/2014/02/28/sensex-gains-fii-inflows-strong-buying/

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