Tuesday, November 30, 2010

Nifty back to above 5850 and Realty index zooms

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The Nifty staged a smart recovery from days low post Q2 GDP data. Short covering in realty stocks led the Nifty back above 5850 mark. BSE Realty index was up close to 5%. Buying was also seen in power, banks, telecom and auto stocks.

The broader markets outperformed the largecaps in trade. BSE Midcap and Smallcap indices were up 0.9% and 1.25% respectively.  

The Sensex was up 96.87 points at 19492.29, and the Nifty was up 29.10 points at 5859.10. About 1833 shares advanced, 1226 shares declined, and 396 shares remain unchanged.

In the largecap space, Bharti Airtel, DLF, Tata Motors, Axis Bank and Suzlon Energy were up 3.5-5.4%. On the losing side, Bajaj Auto, BPCL, ACC, Tata Steel and Larsen were down 1-2%.

Index heavyweight Reliance was trading at Rs 996.40 down 0.18% from its previous close of Rs 998.20. Refinery major HPCL was trading at Rs 404.80 down 1.16% from its previous close of Rs 409.55 Tech major Infosys was trading at Rs 3,061.30 down 0.12% from its previous close of Rs 3,064.85.

Cigarette major ITC was trading at Rs 168.50 down 0% from its previous close of Rs 168.50. Hindustan Lever was trading at Rs 297.30 down 0.2% from its previous close of Rs 297.90.

Top gainers on the BSE Midcap: Kwality Dairy, Indiabulls Real, Core Projects, Prakash Industries and Tube Investment were up 7-11%.

Top losers on the BSE Midcap: Money Matters, Ashtavinayak, Den Networks, Monnet Ispat and Blue Dart were down 3-10%.

Top gainers on the BSE Smallcap: Nitesh Estates, Jindal Worldwide, MBL Infra, VasconEngg and SE Investments were up 12-16%.

Top losers on the BSE Smallcap: Bheema Cements, English Ind Cla, Hanung Toys, Empee Distilleries and Urja Global were down 5-20%.


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