Nifty, Sensex surge; SBI, USL, Wockhardt, RIL most active -
August 6th, 2012
The BSE Sensex advanced more than 1%, even after it erased somewhat gains due to profit booking. The broader markets too pared some gains as the gap between advance and decline ratio trimmed to 2:1 from 5:1 in early trade.
The BSE benchmark climbed 190.33 points to 17,388.26 and the NSE benchmark rallied 57.50 points to 5,273.20.
Index heavyweight Reliance Industries remained top gainer among largecaps, rising more than 5% on value buying. WTI crude spiked nearly 5% on Friday to USD 91.4 a barrel and Brent crude gained nearly 3%.
Country's largest commercial vehicle maker Tata Motors surged 3% while other auto stocks like Mahindra & Mahindra, Maruti, Hero Motocorp and Bajaj Auto gained 0.6-1.3%.
Private sector lenders ICICI Bank and HDFC Bank rose over 1.5% while their rival State Bank of India was up just 0.5%. Housing finance company HDFC rallied 1.5%.
Engineering and construction major Larsen & Toubro and steel manufacturer Tata Steel were up over 1.6%.
However, shares of Dr Reddy's Labs, ITC, TCS, Wipro and Coal India were down 0.5-1%. BPCL tanked 2% due to rise in crude oil prices.
Most active shares on exchanges were Reliance Industries, Wockhardt, SBI, Reliance Industrial Infrastructure, United Spirits (USL) and ICICI Bank.