New Delhi: The stock markets were trading in deep red till noon but saw swift recovery post lunch on the first trading of the week. The Bombay Stock Exchange benchmark, 30-share index Sensex slipped 185 points and closed at 13,693 levels on broad-based profit booking.
The Nifty shed over one per cent or 44 points to close at 4,087 points.
ICICI Bank, Cipla and HLL numbers did not please the markets and emerged as the biggest losers on the indices.
Buying was seen in technology select auto, metal, oil and telecom stocks. Technology stocks led the uptrend due to depreciating rupee against the dollar. Midcap and smallcap stocks held out their gains and outperformed the frontline indices.
Reliance Communication results were above street expectations and it emerged among the top gainers.
The BSE Midcap Index ended at 5,795.72 up 62 points or 1.08 per cent. The BSE Smallcap Index ended at 6,993.84 down 52 points or 0.8 per cent.
The BSE Bankex was up 2.9 per cent at 6,882.89. IOB, Oriental Bank, Centurion BoP, SBI moved upwards. The BSE Capital Goods Index was up 0.6 per cent at 9,880.45. Dredging Cor, Praj Industries, Carborundum, Alstom Projects closed higher.
The BSE Health Care Index was up 0.2 per cent at 3,702.69. Aventis Pharma, Ipca Labs, Aurobindo Pharm, Glenmark, Nicholas Pirama closed higher.
The BSE Auto Index closed at 4,998.71 up 1.1 per cent. Cummins, TVS Motor, Escorts, Tube Investment, Hero Honda surged.
The BSE Metal Index closed at 9,835.72 up 1.1 per cent. Jindal Steel, Hind Zinc, Sterlite Ind, Welspun Guj closed higher.
The BSE IT Index closed at 5,053.29 up 2 per cent. Patni Computer, Moser Baer, TCS, HCL Tech, Mphasis advanced.
BSE Oil and Gas Index closed at 7,135.34 up 0.8 per cent. GAIL, Reliance Natura, MRPL, Chennai Petro ended higher.
The NSE cash turnover was at Rs 7561.99 crore and the NSE F&O turnover was at Rs 25629.5 crore. The BSE cash turnover was Rs 3266.44 crore. Total market wide turnover was at Rs 36457.93 crore.
With excerpts from moneycontrol.com
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