Stock Market Tips

The markets rallied sharply today on the back of some positive global developments, and feel good factor in the markets - as buzz of lot of M&As deals. The markets is buzzing with talks of stake sale in Jet Airways, Karnataka Bank, Dhanlakshmi Bank, Reliance Communications and Cinemax to name a few.

The Sensex opened with a positive gap of 80-odd points at 18,617, and then there was no looking back. The BSE benchmark index displayed firm trend throughout the day, and touched a high of 18,863 towards the fag end of the day.

The BSE index finally ended with a solid gain of 305 points at 18,842.

The NSE Nifty surged 91 points to 5,727.

The broader markets also logged smart gains, although they under-performed the benchmark indices. The BSE Midcap index surged 1.2 per cent to 6,72, while the Smallcap index spurted 0.9 per cent to 7,183.

Among sectors, the BSE Realty and Consumer Durables indices zoomed over 3 per cent each to 1,937 and 7,807, respectively. The FMCG, Bankex and TECk indices were up around 2 per cent each. All the sectoral indices ended in positive territory.

The market breadth was also fairly bullish - out of 3,017 stocks traded on the BSE today, 1,740 advanced and 1,154 declined.

INDEX MOVERS & SHAKERS

Bharti Airtel zoomed over 5 per cent to Rs 326. Sterlite soared over 3.5 per cent at Rs 102.

HDFC, HDFC Bank, Hindalco, Cipla and ITC surged over 2.5 per cent each at Rs 797, Rs 680, Rs 112, Rs 391 and Rs 293, respectively.

Infosys, Bajaj Auto and Jindal Steel jumped over 2 per cent each at Rs 2,469, Rs 1,859 and Rs 379, respectively.

Dr.Reddy's, Reliance and ICICI Bank rallied over 1.5 per cent each at Rs 1,790, Rs 786 and Rs 1,034, respectively.

Tata Motors, Tata Steel, BHEL and SBI were the other notable gainers.

On the other hand, NTPC declined 0.4 per cent at Rs 158. ONGC was the only other loser, down marginally at Rs 249.

VALUE & VOLUME TOPPERS

Federal Bank topped the value chart with a turnover of Rs 476.60 crore on the BSE. It was followed by United Spirits (Rs 316.76 crore), Jet Airways (Rs 118.90 crore), SpiceJet (Rs 73.25 crore) and ICICI Bank (Rs 64.22 crore).

SpiceJet led the volume chart with trades of around 16.3 million shares followed by Suzlon Energy (12.9 million), Unitech (12.4 million), Federal Bank (10.5 million) and Kingfisher Airlines (6.6 million