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Markets end on a firm note

HDFC Bank, Tata Motors and Maruti Suzuki among the top Sensex gainers

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ended Thursday's trading session on a firm note amid range bound trading session. The provisionaly closed at 17,504 up 111 points and the ended higher by 32 points at 5,332 levels.
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(Updated at 1430 hours)

The markets are trading marginally higher in late noon deals led by auto shares on hopes that lower interest rates would boost sales. The Sensex has advanced 75 points to 17,467 and the Nifty has advanced 23 points to 5,323 levels.

The European markets have opened higher. The CAC-40 index is up 1% at 3,272 levels, DAX has jumped 0.7% to 6,778 and the FTSE is up 0.4% at 5,769 levels.

The Asian markets ended on a mixed note. The Nikkei slipped 79 points to close at 9,588 levels, Shanghai slipped marginaly to shut shop at 2,378. However, Hang Seng and Taiwan ended higher in trades today.

Back home, HDFC Bank, Tata Motors, Maruti Suzuki, Coal India, Cipla, Mahindra & Mahidra, Hero MotoCorp, Tata Power, Sun Pharma, I(nfosys and ITC are the top gainers among the Sensex stocks. While, BHEL, Gail India, hindalco, reliance Industries, Wipro, ICICI Bank, State Bank of India, L&T and HUL are among the notable lagggards.

Auto and healthcare stocks continue to remain on the buyers radar. The BSE Auto index is the top sectoral gainer, up 1.6% or 173 points at 10,702 levels. Healthcare index has also jumped 1.3% to 6,863 levels. IT, FMCG, teck, metal, bankex, realty and PSU indices are also trading higher by 0.1-0.75%.

At the same time, capital goods, power, oil & gas and consumer durable stocks are under the selling presure. The respective indices are down 0.1-0.75% each.

Seshasayee Paper and Boards has zoomed 7% to Rs 210 after its board has approved the scheme of amalgamation for the amalgamation of M/s SPB Papers Ltd with the company.

The broader markets are trading on a flat note. The BSE mid-cap index is up 25 points at 6,490 levels and the small-cap index is up 22 points at 6,936 levels.

The overall breadth is neutral as 1,398 stocks are advancing while 1,350 are declining.

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Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

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