Action returnsin construction stocks
Auto numbersfuel interest
Active buyingin mid-caps
Good auto numbers, strong buying in
Infosysand renewed interest in mid-caps buoyed the markets.
The Sensex opened on a positive note, strengthened during the day and witnessed marginal weakness towards the close. The Sensex gained 1.16 per cent to close at 11,914.21 points. The BSE Midcap Index gained 1.93 per cent.
Auto and IT stocks stole the show among large-caps.
Eicherwas up 4 per cent after the company reported a 54 per cent year-on-year jump in truck sales in August.
Tata Motorsposted a 26 per cent spurt in August vehicle sales.
TVS Motorsgained 12 per cent. IT stocks too were upbeat as
Infosysedged up another 2 per cent during the day. i
Gate Global, Patni Computersand
Financial Technologiestoo witnessed sharp price surges.
Construction stocks were back in favour after a long time.
Gammon, IVRCL, Era, Patel Engineeringand
Pratibha Industriesgained close to 5 per cent. These stocks also witnessed higher volumes.
Patel Engineeringwas up on news that it may be eyeing a big-ticket domestic acquisition. The order flow too has been good for the company, especially in the hydropower segment.
United Western Bankstock had a free fall after the RBI placed the bank under a moratorium due to its deteriorating financial condition.
Petronet LNGwas up 4 per cent on news that it is forming a joint venture with the Adani Group for building a solid cargo port in Dahej in Gujarat. The port will cost about Rs 1,150 crore and will be completed in three years.
Gujarat State Petronetwas up 5.8 per cent on inking a 15-year agreement with Reliance Industries for transportation of gas from Baruch to Jamnagar.
Suzlonwas up 3 per cent after it bagged orders for supplying 50 wind turbines to the Edison Mission group. The order is worth Rs 500 crore.
McLeod Russelplans to raise Rs 135 crore through private placement of equity shares. The stock was up 2.7 per cent.
Indo Tech Transformersupbeat on a technical and marketing tie up with Du Pont.
Essel Propackshot up after it announced the acquisition of the packaging unit of the Chennai-based company Cavincare.
Voltasvaulted 10 per cent on reports that it is bidding for orders worth Rs 1,200 crore from the renovation of Mumbai and Delhi airports.
Whirlpoolwas up 18 per cent.
Punj Loyd, Jyoti Structures, Praj Industries, Bharat Bijleand
Areva T&Dare some of the top gainers in the Capital goods segment.
Divi's Labs, Balrampur Chini, Essel Propack, NDTV, Max India, Daburand
Zee Telefilmsare among the prominent gainers.
HPCLspurted another 4.8 per cent after a solid rally in the last few days.
Petron Engineering, Crest Animation, Munjal Showa, Gati, Patel Roadways, Zuari Industries, Upper Ganges, Tata Tea, Grauer&Weiland
ISMTfigured in the losers list.