Sensex stable; SBI, Hindalco, M&M top gainers
14 Feb 2012
The benchmark indices lost some early gains but still trading in green. The BSE realty index has outperformed other sectoral indices, rising over 1%. Buying interest was also seen in banks, auto and capital goods stocks. The positive contributors was Reliance, Infosys, ICICI Bank, HDFC and L&T.
Market snubbed the January inflation which was in-line with estimates. January wholesale inflation eased to 6.55% (MoM) against 7.47% in the last month.
The Sensex was up 37.31 points or 0.21% at 17810.15, and the Nifty rose 13.75 points or 0.26% at 5403.95.
About 1457 shares have advanced, 1165 shares declined, and 777 shares are unchanged.
According to Aniruddha Dange of IIFL, any further upmove from here will be driven by fundamental newsflow. "At this point, the rally looks like it is going to sustain for some more time. It will be more stock-specific and in things have shown some improvement," he believes.
Top gainers on the Sensex were SBI, Hindalco, M&M, Hero Motocorp and L&T.
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