Markets extend gains; Autos lead

Broader markets catch up with the benchmark indices, up 0.6% each. Reliance Industries, ITC and auto majors lead gains

SI Reporter Mumbai
Last Updated : May 20 2013 | 11:45 AM IST
Markets continued its uptrend in the morning deals with the Sensex up 140 points at 20,426 and the Nifty added 35 points at 6,222. The gains were led Reliance Industries, ITC and auto majors like Tata Motors and Mahindra & Mahindra.

The broader amrkets were in line with the BSE benchmark index gaining 0.6% each.

Among the sectoral indices, only Health Care and Consumer Durables indices were in the red, losing 0.4-0.5%. Among the ones in the green, Auto, Realty, Metal and Oil & Gas indices, were the major gainers, up 1-2.5%.

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PSU, Power, Capital Goods, FMCG, Bankex and IT indices too were up 0.2-0.7%.

The only losers among the Sensex-30 were Wipro down over 2% along with Cipla, ICICI Bank, ONGC and NTPC  losing 0.1-0.7%.

Auto majors Mahindra & Mahindra, Tata Motors, Maruti Suzuki and Bajaj Auto up 2-3% were the top gainers.

Coal India, Tata Steel, Reliance Industries, Sun Pharma, SBI, Sterlite, Gail India and Hero MotoCorp were up 1-2%.

In individual stocks, Lupin was trading lower by over 4% to Rs 770 on BSE in otherwise firm market after rival Mylan Inc's on Friday launched a generic version of the cholesterol-lowering Tricor.

ING Vysya Bank was up by 2% at Rs 626 after the private sector lender said it is planning to raise up to Rs 2,000 crore, through further issue of capital of up to 30 million equity shares or securities.

The market breadth was very positive. 1166 stocks advanced while 837 stocks declined.

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First Published: May 20 2013 | 11:34 AM IST

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