Market Close: Stocks correct with minimum gains


Market front-line indices decreased gains in the last hour of trading to close marginally higher on Friday capped by IT, FMCG and Auto stocks.

The Sensex closed 70-pt higher at 40,357, while the Nifty50 index recorded 23-pts to conclude at 11,895. The Nifty MidCap & SmallCap rose 0.3/0.2-pc, each.

Bharti Infratel, Bharti Airtel, Stae bank of India, Zee Entertainment and Grasim were the top gainers on the Nifty50, on the other hand, Indian Oil Corp, Hero MotoCorp, Bharat Petroleum and Maruti Suzuki led the losses.

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Major bullish trends were seen in PSU Bank, Pharma and media sectors. The Nifty PSU index rose 3.5 percent, Pharma added 1.6%, Nifty Bank advanced 0.87% and the Nifty Fin Services jumped 0.58%. Central Bank of India, State bank of India Syndicate Bank, Bank of India, Canara Bank and Punjab National Bank rose between 2.82 to 9% in the Nifty PSU Bank index.

Among losers, the IT, Auto and FMCG lost more or less 0.5% each and the Nifty Metal slipped 0.40%.

Among stocks, the most buzzed stocks, Vodafone Idea  jumped 27.12% to Rs.3.75 on reports of Committee of Secretary Panel considering floor price on data and voice tariffs.

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