Mumbai: Despite the IPO fraud, the markets have managed to close on a positive note.
The Sensex settled at 11,851.93, up 16.91 points or 0.14 per cent after taking swing of 532 points in intraday trade. It touched an intraday high of 11,877.32 and an intraday low of 11,344.61.
The Nifty closed at Rs 3508.35, up 0.25 point. It touched an intraday high of 3517.65 and an intraday low of 3342.85.
The CNX Midcap also ended at 5021.25, down 0.85 point after touching intraday low of 4739.95 and intraday high of 5033.10.
The BSE Small Cap Index closed at 7,206.31, down 48.49 points. The BSE Midcap ended at Rs 5,698.95, down 17.91 points.
The market breadth was negative, about 987 shares advanced, 1422 shares declined, and 51 shares remained unchanged.
Experts believe that the markets will perhaps cool off a little bit, trade sideways and then make an interesting base before it moves ahead.
Experts also say that the rising interest rates and commodity prices suggest a cooling off in emerging markets.
The total market turnover recorded at Rs 50745.71 crore (Rs 507.45 billion). The NSE cash turnover was at Rs 9329.15 crore (Rs 93.29 billion). The BSE cash turnover was at Rs 4804.22 crore (Rs 48.04 billion).
The NSE F&O turnover recorded at Rs 36612.34 (Rs 366.12 billion). The Nifty futures ended at 2 points discount. It added 18 lakh shares in Open Interest.
The Nifty futures seen short covering in last hour of trade. Maximum traded stocks in the Nifty were Reliance, Tata Steel and HLL.
NTPC, Hero Honda, Maruti Udyog, ACC, ICICI Bank, Dabur India, Zee Tele and Sun Pharma were the top gainers on the indices.
Top losers are Cipla, Satyam, Hindalco, SBI, Wipro, Sail, Nalco and Gail.
SEBI said the order related to Indiabulls is to be kept in abeyance. They also said thet the Indiabulls order is subject to verification of clients.
Markets today
* Sensex closes in green after moving up 532 pts in intraday trade
* Sensex up 17 pts at 11851.93; recovered after faling 490 pts
* Nifty up 7.15 at 3515.25; takes 175 pts intraday swing
* BSE Oil & Gas & Auto Index hold the market
* BSE Oil & Gas up 0.68 per cent; NTPC up 4.87 per cent
* BSE Auto Index up 0.47 per cent; Hero Honda & Maruti up nearly 2.5 per cent each
* Dabur hogged the limelight; up 12 per cent
* CNX Midcap Index ends flat at 5021.25; takes 293 pts intraday swing
* Advance : Decline Ratio at 1:2
* Emkay Shares closes at Rs 136.75 versus issue price of Rs 120
* Tantia Constructions closes at Rs 220 versus issue price of Rs 50
* Powersoft Global Solutions closes at 21.10 versus issue price of Rs 22
The BSE indices closed mix. The Oil & gas, auto, bankex and capital goods stocks helped the markets recover.
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Oil & Gas index advanced 0.68 per cent to close at 5,645.27. Stocks like HPCL, Chennai Petroleum, Reliance.
Auto stocks including Escorts, Ashok Leyland, Hero Honda, Maruti Udyog, MICO and Sundram witnessed buying at the counters. The auto index was up 0.47 per cent at 5,447.16.
Banking stocks like ICICI, Kotak Mahindra and Bank of India ended in poistive territory. The Bankex was up 0.23 per cent 5133.75.
The capital goods index was up 0.13 per cent at 8,747.35. Stocks like Praj Industries, Carborundum, Bharat Electronics, Siemens and ABB were among the top gainers.
The IT index was down 0.51 per cent at 3,992.52. Stocks including Patni, Moser Baer, I-Flex, Satyam, Hexaware and Wipro ended in red.
Pharma stocks like Apollo Hospital, Cipla, FDC, GSK and Nicholas Piramal were among the losers. The BSE Healthcare index closed down 0.17 per cent at 3,843.97.
The consumer durables index was down 1.18 per cent at 3,353.40. Stocks like BPL, Mirc Electronic, Su-Raj Diamonds, Whirlpool and Titan witnessed selling at the bourses.
The metal index was down 0.68 per cent 10,400.07. Stocks including Sesa Goa, SAIL, JSW Steel, Welspun Gujarat, NALCO and Hindalco closed in the negative terrain.
Pantaloon Retail has announced its third quarter results. The company's net profit is up at Rs 16.24 crore (Rs 162.4 million) from Rs 10.68 crore (Rs 106.8 million).
The company board has approved setting up of property division comprising 19 malls.
Its total land aggregates to 3.7 million sqft. It is to sub lease 60 per cent of mall land to other retailers.
Gail's net profit for Q4FY06 is down 22 per cent at Rs 409 crore (4.09 billion) as compared with Rs 524 crore (5.24 billion) in corresponding quarter previous year.
Hindustan Lever has declared its first quarter results. The company's net profit is up 77 per cent at Rs 443 crore (Rs 4.43 billion) from Rs 250.25 crore (Rs 2.50 billion).
Its net sales are up 11.6 per cent at Rs 2,798 crore (Rs 27.98 billion) from Rs 2,506.4 crore (Rs 25.06 billion).
Bharti Tele's Q4 consolidated net profit is up 25 per cent at Rs 682 crore (Rs 6.82 billion) from Rs 545.3 crore (Rs 5.45 billion) QoQ. Its revenue is up 12.5 per cent at Rs 3,411 crore (Rs 34.11 billion) from Rs 3,025.6 crore (Rs 30.25 billion) QoQ.
GE Shipping's Q4 net profit is down 11.4 per cent at Rs 223 crore (Rs 2.23 billion) from Rs 251.68 crore (Rs 2.51 billion).
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