Published on February 21, 2014
Sensex shoots 164 points buoyed by bullish global cues Market Snapshot | 21-02-2014 04:21 PM Straddling sanguine cues from global peers, Indian indices spiked at open with Nifty surpassing 6100 mark. Optimistic sentiments persisted backing markets to stretch their northward journey as Rupee strengthened against Dollar. Both frontline gauges surged to settle near day’s high with Sensex soaring 164 points and Nifty ending at 6155. On BSE sectorial front, Capital Goods topped the charts and Realty was the lone loser. Among global peers, US markets recouped the losses of previous session on the most talked Facebook deal and ignored the set of mixed economic data. Consequently, Asian and European indices also witnessed jubilant trades with Nikkei climbing to 3 week high. Back home, on currency front, domestic currency snapped the losing streak of previous two sessions and strengthened against Dollar. In futures trades, INR hit an intra-day high of 62.06/USD and an intra-day low of 62.22/USD. In spot trades, INR hit an intra-day high of 62.08/USD and an intra-day low of 62.18/USD. As per RBI reference rate, INR stood at 62.18/USD. (Read More) As per SEBI data, FII invested a net $35.14 million in equity segment on 20th February 2014. Markets still ended in negative indicating cautiousness among domestic investors. On stock specific front, UltraTech Cement rallied 5.6% on BSE as the company is reportedly in talks for acquiring Jaypee’s cement assets in Solan, Himachal Pradesh for a sum of about Rs 4000 crore. Earlier, in September 2013, UltraTech Cement had acquired Gujarat cement-making unit of the latter for Rs 3800 crore. (Read More) State Bank of India ended 1% up on BSE as amid reports that bank is planning to invest Rs 150 crore to set up a commercial tower in the Gujarat International Finance Tec-City (GIFT) at Gandhinagar. (Read More) The market breadth on the BSE closed in positive. Advancing and declining stocks were 1532 and 1221 respectively, while 163 scrips remained unmoved. The S&P BSE Sensex ended at 20700.75, up 164.11 points or 0.80%. The 30 share index touched a high and a low of 20725.04 and 20599.91 respectively. 21 stocks advanced against 9 declining ones on the benchmark index. The CNX Nifty gained 64.00 points or 1.05% to settle at 6155.45. The index touched high and low of 6159.65 and 6108.00 respectively. 39 stocks advanced against 11 declining ones on the index. S&P BSE Sensex CNX Nifty The S&P BSE Mid-cap index moved up to 6422.05 and gained 0.71% while S&P BSE Small-cap index jumped up by 0.49% to 6393.33. The broader S&P BSE 500 index increased to 7578.64 (up 0.87%) and CNX 500 index rose to 4762.75 (up 0.98%). The volatility as denoted by INDIA VIX lost 7.39% at 14.04 from its previous close of 15.16 on Thursday. Sectors in action On the BSE Sectorial front, Capital Goods (up 1.24%), FMCG (up 1.20%) and Banks (up 1.16%) were the top gainers. Real Estate (down 0.10%) was the top loser. The Angels and the Devils Axis Bank (up 2.85%), Larsen And Toubro Ltd (up 1.89%), ITC Ltd (up 1.83%), Tata Steel Ltd (up 1.80%) and ICICI Bank (up 1.62%) were the top gainers on the Sensex. Bharti Airtel Ltd (down 2.91%), Sun Pharmaceutical Industries Ltd (down 0.82%), Maruti Suzuki India Ltd (down 0.52%), Cipla Ltd (down 0.51%) and Hero MotoCorp Ltd (down 0.51%) were the top losers on the Sensex. Benchmark Drivers ITC Ltd (36.73 points), ICICI Bank (21.83 points), Infosys Ltd (21.52 points), Larsen And Toubro Ltd (18.85 points) and Bharti Airtel Ltd (-14.04 points) were the major Sensex drivers today.