The Hindu Business Line : Sensex rally continues on robust buying

THE markets continued their buoyant momentum for the fifth successive day, with the Sensex rallying by 110.97 points to close the day at 8317.8 points. The Sensex constituents witnessed robust buying activity, with 26 of the 30 stocks advancing in value during the day.

Among the BSE sectoral indices, the prominent gainers that outperformed the Sensex were auto, consumer durables, healthcare and oil and gas.

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While the BSE Mid-cap Index was relatively subdued, the BSE Small-cap Index posted strong gains. The breadth of the market was also fairly encouraging with 1,842 stocks advancing in value compared with a decline in 629 stocks.

The S&P CNX Nifty also gained 31.05 points (1.26 per cent) to settle at 2492.65 points. The Nifty Junior and CNX Mid-cap also logged strong gains of 1.55 per cent and 1.27 per cent respectively.

Among the Nifty constituents, the prominent gainers were Hero Honda, HCL Technologies, Hindustan Petroleum, Wipro and HDFC.

The losers were Zee Telefilms, SAIL, MTNL, Sun Pharma and Tata Steel. The significant gainers among Nifty Junior were Nicholas Piramal, Bank of India, IBP, Canara Bank and Kotak Mahindra Bank. The losers were TVS Motor, ING Vysya Bank, Flextronics Software, Cummins and Biocon.

Outside the benchmark indices, the significant gainers were Novopan, ITI, Manali Petro, Rallis India, Ramco Systems and Glenmark Pharma.

The ITI stock appreciated by Rs 5.95 (or 9.7 per cent) to close for the day at Rs 67. The trading volumes in the stock surged four-fold from 11.46 lakh shares on Monday's trading to 42.72 lakh shares during the day.

Heightened trading activity was seen in the Glenmark Pharma stock, with the stock marching up by Rs 16.45 (or 6.25 per cent) to close at Rs 279.55. Compared to 88,717 shares traded on Monday, the trading volumes soared to 1.81 lakh shares during the day.

Trading activity also picked up in the Pantaloon Retail stock, with the stock gaining Rs 102 (or 6.2 per cent) to close at Rs 1,749.15. Volumes surged from 45,822 shares to 1.50 lakh shares. The other stocks with robust trading activity were Garware Shipping, Manali Petro, Petronet LNG and Suashish Diamonds.

Among the prominent losers were Geodesic, ABG Heavy Inds, AllSec Technologies, Sasken Communications, Jindal Stainless, Dhampur Sugars and Mukand.

Dhampur Sugar Mills stock fell by Rs 4.95 (or 3.13 per cent) to close for the day at Rs 152.75. The trading volumes also dropped on a day when Dhampur Sugar Mills entered into an agreement with Balrampur Chini Mills to dispose off its assets relating to sugar and co-generation unit for a consideration of Rs 182 crore.

The Jindal Stainless stock declined by Rs 3.80 to close for the day at Rs 124.55. The trading volumes also slackened sharply.

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