Nifty stages smart pullback to end above 5500
21 Feb 2011
At 15.35 hrs IST, the Indian markets staged a smart recovery on Monday after severe sell off of 300 points on last Friday. The recovery was led by IT stocks with IT majors TCS and Wipro posting gains of more than 4%. The pullback was also supported by consumer durables, telecom, oil&gas, metal, FMCG, banking and pharma stocks. All BSE sectoral indices ended in green barring auto. The broader markets underperformance with respect to largecaps continued in today's trade. BSE Midcap and Smallcap indices ended on a flat note.
The Sensex shut shop at 18438.31, up 226.79 points or 1.25% and the Nifty closed at 5520.75, up 61.80 points or 1.13%. About 1390 shares advanced, 1469 shares declined, and 468 shares remain unchanged.
Top gainers on the Sensex were TCS at Rs 1,136.65 up 4.24%, Wipro at Rs 450.25 up 4.12%, Sterlite Ind at Rs 165.60 up 3.31%, ONGC at Rs 276.25 up 2.98% and Jaiprakash Asso at Rs 87.75 up 2.93%.
Top losers on the Sensex were Tata Motors at Rs 1,161.95 down 3.33%, Hero Honda at Rs 1,439.35 down 1.66%, Maruti Suzuki at Rs 1,212.65 down 1.31%, NTPC at Rs 176.65 down 1.04% and DLF at Rs 231.55 down 0.54%.
Most active shares on BSE were ARSS Infra, SBI, Reliance, Tata Steel and Tata Motors.
Market Outlook
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