Sensex up for 5th day, ends 102 points higher

It was fifth straight day gain for markets, with the Sensex rising by 102 points and the Nifty up 36 points.

Headlines for the day

Govt hikes subsidy burden of upstream oil companies
Tata Power falls on concerns over Mundra plant
SKS Micro hits upper circuit on completion of assignment
HUL Q3 net profit up 18%
NALCO Q3 net profit declines by 80%





Indian indices

The Indian markets rose for the fifth consecutive day helped by continuous buying in realty, capital goods, metal, PSU, banking and consumer durables stocks. However, weakness in heavyweight like RIL limited the upside. Negative European cues also put some pressure.
Sensex movement: Tracking positive global cues, the Sensex started the session up by 137 points at 17742 and immediately hit an intraday high of 17830. The index remained in the positive terrain for most part of the day. However, the index witnessed volatility in the second half of trade and touched an intraday low of 17595 as RIL weighed coupled with negative European cues. The Sensex closed 102 points higher at 17707 and the Nifty rose by 36 points to settle at 5362.

Market sentiment:

The market breadth was strong. Of the 3014 stocks traded on the BSE, 1855 (61.55%) rose, 1054 (34.97%) fell and 105 (3.48%) remained unchanged.
Viewing volumes:
India's second largest developer - Unitech was traded the most, with over 1.33 crore shares changing hands on the BSE. Following that wind turbine major - Suzlon Energy (0.52 crore shares), an integrated infrastructure development company - Lanco Infratech (0.50 crore shares), a real estate development company - HDIL (0.39 crore shares) and industrial finance company - IFCI (0.35 crore shares).

Sectoral & stock screening:

All the sectoral indices closed in positive except BSE HC down by 0.12%. Top Gainers: BSE Realty rose by 3.96%, BSE CG surged by 2% and BSE Metal up by 1.63%.
Among 'A' group stocks, top three gainers - Unitech rose by 13.08%, Voltas up by 10.66% and TTK Prestige surged by 8.01%. Top three losers - Tata Power Co. fell by 4.36%, Thermax down by 3.97% and Manappuram Finance declined by 3.57%.

Global Indices:

The European shares fell back from a six-month high early on Monday (February 06, 2012), with investors worried about whether Greece can avoid a messy default as its politicians struggled to agree austerity measures needed to secure a bailout package.
Most of the Asian stocks ended in green on Monday, after strong US jobs data but worries about Greece's unresolved debt crisis and default fears weighed on sentiment.
The US stock index futures pointed to a lower open for equities on the Wall Street on Monday.