Sensex closes flat; Bharti, SBI up 2.5per cent, Maruti up 5.5 per cent
18 Sep 2009
The markets saw consolidation throughout the session as traders seemed cautious post rally in the last few sessions. The Nifty closed with marginal gains but managed to stay above the 4950 level on the back of buying in realty, auto, telecom, oil marketing, cement, oil & gas and private power companies' shares. SBI and Bharti Airtel were the leaders with 2% gain. Maruti Suzuki and Reliance Power surged over 5%.
However, selling in select stocks like ICICI Bank (down over 3.5%), Reliance Communication, ITC, SAIL, Sun Pharma, Sterlite Industries, Tata Motors, Tata Steel, HDFC, PNB and HDFC Bank capped the gains.In the telecom pack, Bharti Airtel went up 2.18%. Tata Communication and Idea Cellular went up 0.7-1% while Reliance Communication and Tata Teleservice fell 1.5% each.
Capital goods stocks like Punj Lloyd, L&T and ABB went up just 0.4-0.7%. In the FMCG space, United Spirits and Colgate moved up over 2%. Dabur India and HUL were up 0.4-0.9% while Godrej Consumer, Britannia, Marico and ITC slipped 0.5-2%.
In the healthcare space, Piramal Healthcare, Dr Reddys Labs, Ranbaxy Labs, Wockhardt, Glenmark and Divis Labs were up 2-5% while Aurobindo Pharma, Dishman Pharma and Sun Pharma fell 1.5-2.5%.
Technology stocks like TCS, Wipro and Infosys went up marginally while HCL Tech and Tech Mahindra fell nearly 1%.
In the banking space, ICICI Bank lost 3.35%. Bank of Baroda, PNB and HDFC Bank fell 1-2%. However, SBI gained 1.69%.
Metal stocks like NALCO, Hindalco and Jindal Steel went up 1.2-1.7% while Sterlite Industries, SAIL, JSW Steel and Tata Steel lost 0.5-1.3%.
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