Sensex gains 139 points led by Reliance

MUMBAI (Makemystocks): Indian bourses opened flat amid mixed global cues. Indices extended gain led by Realty , Oil & Gas and Metal stocks. On the other hand IT stocks remained weak in opening session.

Markets remained choppy and lackluster most of the day. Stock specific activity was seen in afternoon session. Indices held gain desptie weak European cues. Oil major Reliance helped indices to sustain gain.

Markets breadth remained positive on broad base rally. Both Midcap and Smallcap indices closed with gain of 0.91% and 1.2% respectively. Benchmark indices rose 0.7% each.

BSE Sensex closed at 18428.61 with the gain of 139.26 points and at NSE Nifty closed at 5607.15 with the gain of 42.85 points at the end of the day. BSE MIDCAP index closed at 6604.34 with the gain of 59.78 points and BSE SMALLCAP index closed at 7202.12 with the gain of 85.63 points.

In percentage terms key gainers were Bharat Heavy Electricals Ltd (NSE: BHEL), Oil & Natural Gas Corporation Ltd (NSE: ONGC) and Reliance Infrastructure Ltd (NSE: RELINFRA) while key losers were Sterlite Industries (India) Ltd (NSE: STER), Tata Power Company Ltd (NSE: TATAPOWER) and Wipro Ltd (NSE: WIPRO).

On sectoral front almost all the sectoral indices closed in green barring IT sector closed narginally in red. Major buying was seen in Realty, Consumer Durable, Oil & Gas and Capital Goods sectors. Market breadth on BSE remained positive were 1676 advances against 1308 declines stocks.

From the perspective of weight in Nifty key gainers were Reliance Industries Ltd (NSE: RELIANCE), Oil & Natural Gas Corporation Ltd (NSE: ONGC) and Bharat Heavy Electricals Ltd (NSE: BHEL) while key losers were Sterlite Industries (India) Ltd (NSE: STER), Tata Power Company Ltd (NSE: TATAPOWER) and Tata Motors Ltd (NSE: TATAMOTORS).

Visit www.bullionstreet.com for everything on Gold and Silver