Aug 31, 2007 at 05:28pm IST

Markets ends strong: M&M, Tata Steel, NTPC gain

New Delhi: Markets ended the week on a strong note on account of sustained buying interest seen in scrips across sectors. Auto, oil & gas, banking and real estate stocks outperformed. Midcap and smallcap markets have outperformed the benchmark indices.

On the macroeconomic GDP numbers for Q1 came in strong at 9.3% and infltion came inline with market estimates of 3.94%.

Tata Steel which has been buzzing for few days as steel prices have rebounded and are expected to remain firm going ahead. This will benefit steel stocks like SAIL, JSW and Tata Steel.

STRONG HOLD: Markets ended the week on a strong note on account of sustained buying.

Top gainers on the Sensex are Mah and Mah, NTPC, Tata Steel, Ranbaxy, Maruti Udyog and Tata Motors.

Top losers on the Sensex are HDFC Bank, Hindalco, GlaxoSmith, GAIL and ITC.

Sensex was up 196.86 points or 1.30% at 15318.60, and the Nifty up 51.70 points or 1.17% at 4464.00.

About 1772 shares have advanced, 1164 shares declined, and 80 shares are unchanged.

The BSE Midcap Index ended at 6,608.42 up 123 points or 2%.

The BSE Smallcap Index ended at 8,060.52 up 103 points or 1.06%.

The BSE Capital Goods Index was up 1% at 13,424.74. BEML, Bharat Bijlee, Lakshmi Machine, AIA Engineering, Kirloskar Oil closed higher.

The BSE Health Care Index was up 2% at 3,572.82. Nicholas Pirama, Biocon, Opto Circuits, Wockhardt were among the top gainers.

The BSE Auto Index closed closed at 4,878.05 up 2%. TVS Motor, Escorts, Mah and Mah, Apollo Tyres, Maruti Udyog, Amtek Auto ended higher.

The BSE Metal Index closed at 11,565.81 up 2.4%. Tata Steel, JindalStainless, JSW Steel, Hind Zinc, Jindal Steel, SAIL advanced.

The BSE FMCG Index gained 1% at 1,973.93. Nestle, United Brewerie, HUL, Colgate, Tata Tea closed higher.

BSE Oil and Gas Index closed at 8,160.13 up 2.3%. Reliance Petro, Reliance, ONGC, Reliance Natura ended in green.

The BSE IT Index gained 1% at 4,585.66. Tech Mahindra, Financial Tech, Patni Computer, TCS, I-Flex Solution closed higher

The BSE Bankex was up 1.3% at 7,858.79. Andhra Bank, Federal Bank, PNB, Allahabad Bank, Oriental Bank ended higher.

The NSE cash turnover was at Rs 11066.46 crore and the NSE F&O turnover was at Rs 45012.59 crore. The BSE cash turnover was Rs 5043 crore. Total market wide turnover was at Rs 61122.05 crore.

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