Market ends in green: IT up; Realty, midcap down

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posted on 16 years ago — updated on 1 second ago

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After the Fed cut discount rate by 75 bps markets across globe rallied.

New Delhi: The markets closed in green with moderate gain after a gap up opening on the back of strong cues from Asia and the US. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5 per cent to 3 per cent, there were no runaway rallies seen.

Europe was off the highs after UK based HBOS reported £227 million. Only frontliners closed in green but midcaps and smallcaps closed weak. Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels.

On a weekly basis, it was a very weak close for the markets with Sensex and Nifty down 5 per cent. The markets witnesses second biggest single day fall this week. The broader markets lost nearly 10 per cent. Bankex was down 10% per cent followed by metal index down 8 per cent.

The Sensex closed up 161.37 points or 1.09 per cent at 14994.83, and the Nifty up 40.95 points or 0.90 per cent at 4573.95. About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.

The BSE Midcap Index ended at 5,964.10 down 1.2 per cent. The BSE Smallcap Index ended at 7,222.20 down 2 per cent. The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB, HDFC Bank, closed in green.

The BSE Capital Goods Index closed at 13,095.72 up 1.3 per cent. Areva, L&T, BHEL, ABB closed higher. The BSE Auto Index closed at 4,398.25 up 1.4 per cent. Exide, Tata Mtotos, M&M, Apollo Tyres, Ashok Leyland closed higher. The BSE Metal Index closed at 13,498.55 up 0.4 per cent. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6 per cent at 2,142.40. Colgate, ITC, P&G ended higher BSE Oil and Gas Index closed at 9,717.56 up 0.06 per cent. GAIL, Cairn, IOC, Reliance ended higher.

The BSE IT Index was at 3,369.63 up 2 per cent. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher. The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11 crore. Total market wide turnover was at Rs 66083.25 crore.