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Nifty hovers around 6,200; ICICI up 3%

Broader markets outperform with the mid and smallcap indices up 1% each

SI Reporter Mumbai
Markets remain steady with the BSE benchmark index up 86 points at 20,878 and the Nifty held on to the 6,200 mark with a 33 point uptick.  

Gains in index heavyweights like ICICI Bank, L&T, RIL and Sun Pharma are the ones leading gains in the morning deals.

The broader markets advanced with both the mid and smallcap indices gaining 1% each, outperforming the Sensex which was up 0.4%.

From the sectoral indices, FMCG, PSU and Oil & Gas indices were in the negative territory, down 0.1-0.4%.

Meanwhile, Health Care, Bankex, Capital Goods and Realty indices were yp 1-1.5%.
 

Power, Metal, Teck, Auto, Consumer Durables and IT indices added 0.2-0.5%.

From the Sensex pack, ONGC down 3.5% was the top loser after Gujarat High Court has directed the company to pay dues worth Rs 5,000 crore to Rs 6,000 crore to the state government towards differences in royalty of crude the PSU has extracted since 2008.

Hindustan Unilever, Gail India,    Hindalco, Tata Steel, Maruti Suzuki, Wipro and ITC down 0.4-1.3% were the other major losers.

Jindal Steel, ICICI Bank and Sun Pharma up 2-4% were the top gainers.

L&T, BHEL, Sesa Sterlite, SBI, Bharti Airtel, Tata Power and Coal India up 1-1.7% were the other prominent gainers.

RIL added 0.7%.

In individual stocks, Sabero Organics Gujarat has soared 15% to Rs 136 after the company said the Gujarat Pollution Control Board revoked its closure order of the company’s unit for a period of 3 months.

Eicher Motors rallied 7% to Rs 5,027 in early morning deals on the National Stock Exchange (NSE).

Amtek India surged 19% to Rs 80 after reporting a robust 87% year-on-year jump in net profit at Rs 55.13 crore for the quarter ended September 2013 on back of higher operational income.

The market breadth was very positive on the BSE. 1184 stocks advanced while 543 stocks declined.

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First Published: Dec 02 2013 | 10:43 AM IST

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