Monday, June 6, 2011

Sensex trades with marginal gains; IT, capital goods up

The benchmark indices were trading with marginal gains amid volatility. Buying was seen in IT, capital goods and pharma stocks while metals, auto and select oil & gas stocks were under selling pressure.

At 14.57 hrs IST, the Sensex was up 50.62 points or 0.28% at 18427.10, and the Nifty was up 18.95 points or 0.34% at 5535.70.

The market breadth was negative; about 1294 shares advanced, 1453 shares declined, and 900 shares remained unchanged.

Positive contributors to the Sensex were Reliance, Infosys, ICICI Bank, L&T and HDFC. However, Tata Steel, Tata Motors, ONGC, SBI and ITC were negative contributors.

Top gainers on the Sensex were Cipla at Rs 330.80 up 2%, HDFC at Rs 671.90 up 1.85%, HDFC Bank at Rs 2,376.95 up 1.15%, L&T at Rs 1,731.50 up 1.14% and ICICI Bank at Rs 1,060.55 up 1.12%.

Top losers on the Sensex were Jaiprakash Asso at Rs 83.15 down 1.89%, M&M at Rs 657.50 down 1.45%, Hindalco at Rs 187 down 1.27%, ONGC at Rs 276.45 down 1.25% and HUL at Rs 315.60 down 0.85%.

Most active shares on BSE were Aanjaneya Life, Sun TV Network, SBI and HCL Tech.

Top percentage gainers on the BSE - Ram Ratna Wires, Jai Balaji Ind, NDTV, TV TodayNetwork and Systematix Corp were up 10-17%.

Top percentage gainers on the NSE - Jai Balaji Ind, NDTV, Berger Paints, TV TodayNetwork and Sujana Towers were up 10-16%.
source-moneycontrol

Stevenson
Management trainee-Fundamental analyst
Denip Consultants Pvt. Ltd

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