Stock Markets Close Higher, BSE Sensex rules above 11000

BSE Sensex managed to close the week above 11000, but on the last trading day of the week, profit booking was evident in many heavy-weight counters. The markets ended marginally higher after a huge volatile session. The Sensex lost 316 points from an intraday high of 11,339, before closing the day at 11,023 up 76 points. The NSE Nifty closed at 3,384 up 0.4% or 15 points and it lost 105 points from the day's high point of 3,489.

In the Broader indices, the BSE Midcap Index was up 33 points and the Smallcap Index closed 22 points. Buying was seen in shares of banking, IT and capital goods, while selling seen in metal, auto and pharma stocks. The volumes were lower as compared to last two days and the market breadth was negative.

On a weekly basis, Sensex closed up 2% and Nifty up 1.26%. While the broader indices outperformed during the week, CNX Midcap Index up 4.7%, BSE Small-cap and Nifty Junior Index up 4.5%.

Movers & Shakers

The BSE Realty Index ended 65 points or 3% higher at 2,166. Unitech, which shot up 21%, as the company board approved raising of Rs 5,000 crore via QIP issue. Mahindra Life, Puravankara Projects, Parsvnath, Peninsula Land, HDIL and Omaxe gained 3-11%.

The BSE Bankex went up 2.93% or 157 points to settle at 5,526. Stocks like Axis Bank, SBI and ICICI Bank gained 3.5-7%. PNB was up 1.43% and HDFC Bank was up 0.36%.

The BSE IT Index was up 2.9% or 69 points, to 2,461. HCL Tech and Infosys rose 4-6%. Polaris was up 8.7% and TCS was up just 0.33%.
The Capital Goods index rose 2.57% or 196 points to 7,842. L&T, ABB and BHEL went up 1-4%.

However, the BSE Metal Index fell 1.66% or 114 points to 6,790. Stocks like Hindalco, JSW Steel, Tata Steel, SAIL, Sterlite and NALCO fell 3-5%.

Among the Sensex L&T was the biggest gainer in the group up 4.2 %. Infosys, SBI and ICICI Bank were the other main gainers in the pack, up more than 3.5 % each.

However, Hindalco was down 5.2 % each. Tisco and Sterlite were the other main losers down 3-4%.

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