Markets end Samvat 2072 on a flat note; Midcaps outshine

Benchmark share indices on Friday ended higher, amid a choppy trading session, with Tata Motors gaining the most following a rebound in Tata Group shares while recovery in financials also aided sentiment.

The benchmark S&P Sensex closed at 27,942 level up 26 points or 0.1% whereas the Nifty50 index closed at 8,638 up 23 points. The broader markets outperformed the benchmark indices. The S&P BSE Midcap and Smallcap ended nearly 1% higher.

Top gainers from the Sensex pack were Tata Motors, Bajaj Auto, Coal India, Tata Steel and Dr Reddy’s Labs, all surging between 2%-3%. On the losing side, ICICI Bank, Cipla, Asian Paints, Bharti Airtel and ONGC were down 1%-2%.

Shares of two information technology (IT) majors Infosys and Wipro hit their respective 52-week lows on BSE in intra-day trade on Friday.

Shares of mid-and-small sized chemicals companies were in focus and rallied by up to 20% on the BSE.

Tech Mahindra rallied 5% on the BSE after the company reported dollar revenue growth of 5% sequentially on a constant currency basis, best among its peers for the quarter ended September 30, 2016 (Q2FY17).

NMDC moved higher to its 52-week high of Rs 132 and closed up 6.2% on BSE, after the company announced signing of a tripartite pact with Government of Madhya Pradesh and Madhya Pradesh State Mining Corporation Ltd (MPSMCL) for geological and geophysical exploration for various minerals in the state.

Shriram City Union Finance surged 8% to Rs 2,546, also its record high on BSE, after the company reported a strong 34.3% year on year growth in net profit at Rs 204 crore for the quarter ended September 30, 2016 (Q2FY17), on the back of healthy net interest income.

Shares of Tata Group companies were trading higher by up to 5%, recouping part of their losses recorded in past three trading sessions.

Tata Motors, Tata Motors DVR, Tata Communications, Tata Metaliks, Tata Elxsi, Tata Teleservices (Maharashtra), Tata Sponge Iron, Tata Coffee, Tata Global Beverages were up between 2%-5% on the BSE. Tata Consultancy Services (TCS), however, was down nearly 1%.

Here are some picks from the week gone by.
Company: Tata Motors CMP: 537.00 Mastermind
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Company: Lokesh Machines CMP: 82.95 Mastermind
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Company: Federal Bank CMP: 81.95 Mastermind
Company: Divis Laboratories CMP: 1279.90 Mastermind
Company: Sintex Industries CMP: 89.70 Mastermind
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