Nifty ends in green; midcaps, smallcaps glitter
04 Jul 2011
The Indian markets ended on a positive note echoing strong cues from the global markets. The action was more stock specific today with many midcaps and smallcaps stocks locking smart gains.
The Sensex shut shop at 18814.48 up 51.68 points or 0.28% and the Nifty closed at 5651.65 up 24.45 points or 0.43%. About 1803 shares advanced, 1094 shares declined, and 760 shares remain unchanged.
Reliance Infra, DLF, Reliance Communications, Hindalco, Jaiprakash Associates, PNB and Kotak Mahindra were up in the range of 3-7%. ITC, NTPC, Tata Steel, Larsen and Hero Honda were major laggards today.
Bulls managed to end the markets in green on back of heavy buying in rate sensitive stocks. BSE Realty, banks and auto index were up in the range of 1-3%. BSE Midcap and Smallcap indices clocked 0.92% and 1.19% gains respectively.
Sugar was flavour of the day. Reports suggest that government may look to decontrol sugar prices this week.
Midcap gainers: Anant Raj Industries, Peninsula Land, Rei Agro, Tata Global Beverages and Shree Renuka were up 6-13%.
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