Small andmid-caps steal the show.
Advancing stocksoutnumber declines.
The markets closed flat after witnessing a day of intense volatility. Though the markets opened higher, concerns regarding the weak global indices led to profit-booking. The day saw the market moving sideways, with the Sensex oscillating 162 points between the day's high and low. The BSE recorded a total turnover of Rs 3,099 crore.
The small-caps brought some solace to the otherwise flat market and recorded a gain of 1.86 per cent. The total advance were 1532 shares as against a decline of 876 , while only 70 shares remain unchanged in the Bombay Stock Exchange. According to the provisional data, the FIIs bought to the tune of Rs 54.9 crore.
Amongst the Sensex pack,
HDFC, Cipla, Hindalcowere the major gainers, while
Ranbaxy, ITC, ONGCand
Satyam Computerwere among the major losers.
In the mid-cap index, the major gainers were
Geodesic, Mercator Lines, SRF, Uttam Sugarsand
Prithvi Info, while in the small-cap
Goodricke, Repro India, Anuh pharma, Oudh Sugarsand
Sadhbav Engineeringmoved northwards.
India Bullssurged 4.7 per cent, following a bulk deal in the counter. Among the other stocks,
Sagar Cements, Facts Secand
Classic Diamondwere some shares to hit their 52-week highs, while
Sheetal Bio, Jagran Prakashanand
Rashel Agrohit an all-time low.
Tea plantation shares recorded gains today after reports of increase in tea exports in June .Tea exports have recorded an increase of 63 per cent over the corresponding period in the previous year. Some of the shares, which surged were
Goodricke, Bombay Burmah, Dhunseri Tea, Harrisons Malayalam, Warren Tea, Ledo Teaand
BSE Autoand Oil and Gas recorded a measly loss for the day. In the oil and gas sector,
Indian Oil Corporationclosed with a gain of 4 per cent after it fixed its book closure dates for the purpose of payment of dividend.
Sugar stocks were a mixed bag. Frontline stocks in the space
Balrampur Chini Millsand
Bajaj Hindustanwitnessed selling pressure, while
Oudh Sugars, Ponni Erodeand
Mawana Sugarsrecorded gains.
Rolta Indiareaped a gain of 12.4 per cent on the back of strong Q4 results. The stock also saw unusually high volumes, around 3.6 times its two-week average traded quantity.
VSNLalso witnessed a gain of 2.3 per cent after
Tata Sonsincreased their stake in the company by 2 per cent through open market purchases.
Sadbhav Engineering closed with a gain of 9.9 per cent after the company bagged a contract worth Rs 560 crore from Ahmedabad Urban Development Authority.
Micro Technologiesposted a gain of 9.9 per cent after it entered into a partnership with Girvan Institute of Technology. This partnership would help the company to introduce its various security products in the US.
Geoinfo, Mercator Lines, Antgraphic, Rei Agroand
Shivalik Globalwere some of the significant gainers at the NSE. Bharti Shipyard, City Union Bank, Crompton Greaves and MRF ended as prominent losers.