The winning streak continued for the fifth week in a row with the NSE Nifty and BSE Sense closing above the 5300 and the 17600 mark. The Nifty convincingly crossed its 200-DMA and has also closed above it for the past four sessions. The Sensex too has pierced the crucial technical barrier.
The BSE Realty, IT, Banking and the Auto index were among the major gainers. The current rally is stimulated on the back of a huge amount of foreign fund flow. The FIIs have pumped in over ~100bn in a month. However, things could get little trickier going forward as strong money flow is driving the current ascent. The US jobs data, outcome of Greece’s debt swap talks and the lower court’s verdict on P. Chidambaram’s alleged complicity in the 2G scam are among the events to keep on one’s radar in the immediate future.
Also Read...Nifty closes above 5300...Sensex tops 17,600
Finally, BSE Sensex ended at 17,605 and NSE Nifty ended at 5,326 rallying 2.3% each for the week.
Sensex top gainers: The top gainers in the Sensex were Reliance Capital (up 9.1%), DLF (up 9.1%), Hero Motocorp (up 7.4%), Tata Power (up 7.3%) and Grasim Inds (up 7%).
Sensex losers: The top losers in the Sensex were BHEL (down 3.2%), L&T (down 1.9%), ITC (down 0.6%), HDFC (down 0.5%) and Cipla (down 0.1%).
The BSE IT Index (up 3.3%):The top gainers in the IT sector were OFSS (up 6.6%), Financial Technology (up 6.2%), TCS (up 5.7%), HCL Tech (up 5.3%) and Wipro (up 2.3%).
The top losers were Satyam Computer (down 2.8%), Sasken Communication (down 2.3%), Mphasis (down 1.7%) and Patni Computer (down 0.5%).
The BSE Healthcare Index (up 2.4%):The top gainers in the Pharma space were Dishman Pharma (up 14.3%), Orchid Chem (up 12.1%), Wockhardt (up 10.2%), Piramal Healthcare (up 8.5%) and Strides Arcolab (up 7%).
The top losers were Divi Labs (down 4.4%), Pfizer (down 3.8%), Fresenius Kabi (down 3.2%), Panacea Biotec (down 2.3%) and Cipla (down 0.1%).
The BSE Banking Index (up 3.2%):The top gainers in the banking space were Oriental Bank Of Commerce (up 11%), Allahabad Bank (up 10.6%), Karnataka Bank (up 10.1%), Andhra Bank (up 7.6%) and Union Bank Of India (up 6.7%).
The top losers were Bank Of India (down 1.2%), Punjab National Bank (down 0.9%), Indian Overseas Bank (down 0.7%) and Federal Bank (down 0.2%).
The BSE Auto Index (up 3.5%):The top gainers in the auto space were Eicher Motors (up 7.6%), Hero Motocorp (up 7.4%), Bajaj Auto (up 4.7%), Tata Motors (up 3.3%) and Maruti Suzuki (up 2.5%).
The top losers were Ashok Leyland (down 3.5%), Hindustan Motors (down 3.4%), Swaraj Mazda (down 0.8%).
The BSE Oil & Gas Index (up 1.7%):The top gainers in the oil & gas space were Great Offshore (up 12.3%), Shiv-Vani Oil (up 7%), Jindal Drilling (up 4.3%), Gujarat Nre Coke (up 4.1%) and GSPL (up 4%).
The top losers were Indian Oil Corp (down 6%), Cairn India (down 2.4%), HPCL (down 1%) and BPCL (down 0.3%).
The BSE Capital Goods Index (down 1%):The top gainers in the Capital Goods space were Aban Offshore (up 23.3%), Ingersoll Rand (up 12.7%), ABB (up 11.7%), Alstom Projects (up 6.6%) and Heg (up 5.6%),
The top losers were Usha Martin (down 4.1%), Praj Industries (down 4%), BHEL (down 3.2%), Jyoti Structures (down 3.1%) and Greaves Cotton (down 3.1%).
The Cement Sector: The top gainers in the cement sector were Madras Cements (up 13.2%), India Cements (up 12.3%), Mangalam Cement (up 12.3%), Binani Indus (up 11.7%) and Jk Cements (up 10.4%)
The Telecom Sector: The top gainers in the telecom space were Gemini Comm (up 31.3%), Bharti Airtel (up 3.5%), WWIL (up 1.4%), Himachal Futuristic (up 0.7%) and TTMl (up -0.3%)
The top losers in the telecom were Reliance Com (down 2.8%), Mahanagar Tele (down 1.8%), Tata Communicati (down 1.2%) and Shyam Telecom (down 1.1%).
The Realty Sector (up 4.8%):The top gainers in the real estate space were Sobha Developers (up 9.6%), DLF (up 9.1%), Anant Raj Indus (up 7.9%), Mahindra Lifespace (up 6.5%) and Ansal Props (up 3.6%).
The top losers were Unitech (down 2.3%), Peninsula Land (down 0.7%).
The Metals sector (up 2.6%):The top gainers in the metals sector space were Adhunik Metaliks (up 15.8%), JSW Steel (up 7.1%), Sunflag Iron (up 5.7%), Jindal Steel (up 5%) and Monnet Ispat (up 4.2%).
The top losers in the metals sector were Lloyds Metals (down 6.3%), Bhuwalka Steel (down 4.6%), Jindal Stainless (down 0.3%) and SAIL (down 0.2%).