Market ends near day's high: Midcaps, smallcaps up

03 December 2007

It was a good start to the week as the markets ended the day with good gains near the highest point. The uptrend continues after ending with hefty gains on Friday. Today the markets rallied despite some mixed cues from Asian peers. Asia which ended mixed, with Nikkie and Taiwan ending down. All the key BSE indices closed in green. Broader markets were doing exceptionally well outperforming the benchmark indices giving markets an excellent breadth.

Heavy buying was seen in power, metal and oil & gas stocks. The beaten down sectors like auto and IT are also attracting decent attention today.

Relince Energy was up nearly 10%, followed by Wipro up over 7% and Reliance Communication up 6%. On the Nifty Tata Power was up nearly 9% followed by PNB up over 5%. Other gainers were TCS, Hindalco  and Maruti Suzuki.  

In the midcap space Essar Oil is up over 20%, followed by Videocon Ind & IFCI, Gitanjali Gems and Dish TV.

Hitachi Home, Blue Star, JK Cement, Shiv-Vani oil are the gainers on the smallcap index.

Top losers on the Sensex are HDFC, HDFC Bank, Bharti Airtel, ICICI Bank, HCL Tech, Hero Honda and HUL.