Volatile trading session ended with modest gains as bulls say good bye to the August series. Markets extended its gains to fourth straight day led by gains in the index heavyweights like RIL, ICICI Bank, R Com and Infosys. Even the International markets aided much needed support to the Indian bulls to hold on to their gains. Auto Banking and IT led from front. On the other hand shares of Realty and select Oil & Gas were offloaded.

 

Finally, the BSE 30-share Sensex closed at 15,121 surging 128 points touching an intra-day high of 15,200 and a low of 15,053. NSE Nifty added 53 points to close at 4412 hitting the day’s high of 4422 and a low of 4359.

 

Patni surged by over 3% to Rs509 on reports that Apax Partners and Cerberus PE are likely to buy 45% stake in the company. The scrip touched an intra-day high of Rs550 and a low of Rs500 and recorded volumes of over 28,00,000 shares on NSE.

 

BHEL edged higher 0.5% to Rs1860 after the company announced that they have secured order of Rs19.9bn. The scrip touched an intra-day high of Rs1886 and a low of Rs1820 and recorded volumes of over 13,00,000 shares on NSE.

 

Areva T&D surged by over 6.5% to Rs1692 after the company secured 67mn Euro Substation order from Saudi Arabia. The scrip touched an intra-day high of Rs1725 and a low of Rs1576 and recorded volumes of over 1,00,000 shares on NSE.

 

Gammon India advanced by 2% to Rs455 after the company decided to venture into the hospitality sector through the ‘HOTEL’ business segment by forming an affiance with Wyndham Hotel Group international, Inc,(WYNDHAM) of the USA. The scrip touched an intra-day high of Rs465 and a low of Rs449 and recorded volumes of over 54,000 shares on NSE.

 

Sugar stocks continued to be in the limelight after UP Government requested Centre to grant Rs20bn interest free loan for state sugar companies. Bajaj Hindusthan surged by over 3% to Rs137, Balrampur Chini advanced by over 2.8% to Rs61, Renuka Sugar jumped by 1.5% to Rs538 and Sakhti Sugar rallied by over 10% to Rs79.

 

Banking stocks gained momentum towards the end. ICICI Bank gained by 2% to Rs873, HDFC Bank gained 1.5% to Rs1180. Corp Bank, Syndicate Bank and Union Bank were the major gainers among the Mid-Cap stocks.

 

IT stocks ended higher led by gains in the heavyweight Infosys, the scrip was up by 1.5% to Rs1865, Patni gained by 2.5% to Rs509, Wipro advanced by 1.5% to Rs477 and Financial Technologies added 2.7% to Rs2382.

 

Metal stocks witnessed some profit booking at higher levels. National Aluminum slipped by 4.5% to Rs255, Tata Steel edged lower by 0.5% to Rs657. However, SAIL gained by 3% to Rs166, Hindalco gained by 1.7% to Rs159 and Sterlite Industries lost 3.7% to Rs638.

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