Mkt ends in green: Cap goods, energy stocks up

New Delhi: The markets closed in green showing resilience to the bad news of inflation. After some initial hiccups it ended higher amid volatility.

Inflation numbers came in higher than estimates at 7.4 per cent. Analysts were expecting inflation at 7 per cent-7.2 per cent but it came in as a negative surprise at 7.41 per cent. Analyst expect some liquidity measures like CRR hike to curb inflation.

Both the midcap and smallcap indices ended in green. Banking space was trading weak and FMCG index is also trading flat.

Energy, realty, capital goods and select metal stocks closed at higher levels.

Capital goods index was top performer and is up over 3 per cent as BHEL and L&T were the top gainers each up over 4 per cent. Power stocks were looking good with Tata Power up over 4 per cent.

Sensex closed up 112.54 points or 0.72 per centat 15807.64, and the Nifty up 44.80 points or 0.95 per cent at 4777.80.

About 1670 shares have advanced, 1076 shares declined, and 328 shares are unchanged.

The BSE Midcap Index ended at 6,523.22 up 0.7 per cent.

The BSE Smallcap Index ended at 8,081.43 up 0.6 per cent.

The BSE Bankex ended at 7,900.97 down 0.6 per cent. Bank of India, Andhra Bank, Kotak Mahindra, Oriental Bank, Allahabad Bank moved downwards.

The BSE Capital Goods Index closed up 3 per cent at 13,267.51. BHEL, L&T, Astra Microwave, BEML, Crompton Greave, Thermax, Greaves Cotton, Areva T&D closed higher.

The BSE Auto Index closed at 4,427.06 up 0.5 per cent. Escorts, TVS Motor, Amtek Auto, Cummins, Punj Tractors, MRF closed lower.

The BSE Metal Index closed at 13,966.38 up 1 per cent. Hind Zinc, Sterlite, NALCO, Shree Precoated, Mah Seamless, Jindal Steel, Jindal Saw, JindalStainless closed higher.

The BSE FMCG Index closed down 1.3 per cent at 2,319.36. Colgate, ITC, Bata India, Godrej Consumer, HUL, GlaxoSmith Con closed lower.

BSE Oil and Gas Index closed at 11,028.75 up 3 per cent. GAIL, Reliance Natura, HPCL, RPL, ONGC, Reliance, ONGC ended in green.

BSE power index closed at 3,164.39 up 2 per cent. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in green.

The BSE IT Index was down 0.5 per cent at 3,659.38. I-Flex Solution, Patni Computer, Financial Tech, Mphasis, Tech Mahindra, TCS, Infosys closed lower.

(With moneycontrol.com)