Sensex gyrates 729 points, ends 143 points up; India Cements gains 15%, OIL 8%

Domestic indices ended marginally higher on Friday amid consolidatory mood and mixed global cues.

After starting gap-up, the BSE Sensex index marched ahead to hit a high of 60,130-mark intra-day. However, selling in select heavyweights like Bajaj twins, M&M, HDFC, Bharti Airtel, and L&T in the second half of the session erased gains. The index eventually ended at 59,745 level, up 143 points or 0.24 per cent.

Its NSE counterpart, Nifty50, meanwhile, closed at 17,813, up 67 points or 0.38 percent.

Grasim, ONGC, Hindalco, HDFC Life, Shree Cement, Tata Consumer Products, and Asian Paints were the top Nifty gainers today.

Among large-caps, shares of Titan Company ended 1 per cent lower today after hitting a record high of Rs 2,687 apiece on the BSE earlier today. “The company has witnessed a buoyancy in jewellery demand, driven by festive purchases in October and November which helped the division achieve a 37 per cent growth for the quarter, it said in an update for Q3FY22.

The broader markets, however, outperformed the benchmarks for a second straight day with the BSE MidCap and SmallCap indices ending around 0.5 per cent higher each.

Among individual stocks, the shares of Gokaldas Exports were locked at the 10 per cent upper circuit, at Rs 362.75, after hitting an over 15-year high on the BSE. The stock of the textiles company hit its highest level since May, 2006, and was close to its all-time high of Rs 405, touched on March 16, 2006.

On the flipside, the shares of Hinduja Global Solutions (HGS) were locked at the 20 per cent lower circuit at Rs 2,927.80 on the BSE on profit booking after the company announced 1:1 bonus share and an interim dividend of Rs 150 per share.

Over the past one month, though, share prices of 87 companies, mostly non-index, have rallied over 100 per cent in the past one month on the BSE. Of these, the market price of 20 companies have zoomed between 200 per cent and 233 per cent. During the period, the S&P BSE Sensex was up 3.7 per cent, while the S&P BSE Midcap and S&P BSE Smallcap index gained 1.5 per cent and 5.7 per cent, respectively.

Sectorally, the Nifty Auto and Pharma indices were the only losers, down up to 0.4 per cent. On the contrary, the Nifty FMCG and the Bank indices were the top gainers (up 0.67 per cent each), followed by the Nifty Metal (up 0.5 per cent).

Today in the broader markets, Garden Reach Shipbuilders and KPIT Technologies had zoomed nearly 14 per cent and 13 per cent, respectively. Redington India, Ujjivan Small Finance Bank, Bodal Chemicals, Oil India, Hindustan Oil Exploration, Pilani Investment, JP Power, Greenlam Industries, Jamna Auto, Poonawala Fincorp, Suzlon, Vardhman Holdings, Welspun Investments, Biofil Chemicals, 20 Microns, Garment Mantra, Alankit, Aym Syntex, Salzer and Maximus International were the other significant gainers.

Meanwhile, Tata Teleservices (Maharashtra) (TTML), the Tata Group telecom services company, has entered the list of top-100 most valued companies in terms of market captialisation in the country on the back of a strong rally. The stock hit a fresh record high at Rs 264 and has rallied a whopping 567 per cent in the last three months.

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