Mkts end positive; ONGC, HUL, ITC gain

[sajiv]

Mkts end positive; ONGC, HUL, ITC gain

Sensex remained on the higher side throughout the session led by buying in technology post upgradation of Infosys by CLSA, realty, cement and power stocks. As a heavyweight Reliance Industries also supported the markets.

Overall, it was a volatile session ahead of ending August series on Thursday, Aug 27. Both equity benchmarks traded in a range of 15750-15810 on the Sensex and 4665-4690 on the Nifty.


The attempt of Nifty hitting the 4700 mark has been failed, after trying for three times during the day; its day's high was at 4697.80. The sell-off in ONGC, HUL, ITC, Bharti, HDFC Bank, NTPC, ITC, HCL Tech, Hero Honda, Ranbaxy and Hindalco throughout the day capped the gains and kept the Nifty below 4700.

The 30-share BSE Sensex shut shop at 15,769.85, up 0.52 pc or 81.38 points, after seeing an intraday high of 15,831.49 and low of 15,695.94. The 50-share NSE Nifty was up 0.46pc or 21.50 points, to settle at 4680.85.

The broader indices outperformed the benchmark indices; the BSE Midcap Index was up 1.1 pc and Smallcap Index up nearly 2 pc. Market breadth was positive; about 1,993 shares advanced while 890 shares declined on the BSE. Nearly 299 shares remained unchanged.