Indian markets ended on a positive note but off highs as investors took some profits off the table ahead of truncated week-end. Metals, oil&gas and realty stocks led the upmove while capital goods, power and IT led the losers pack.
Bombay Stock Exchange's Sensex ended at 19581.67, up 110.69 points or 0.81 per cent. The 30-share index hit a high of 19695.98 and low of 19530.50 intraday.
National Stock Exchange's Nifty was at 5887.70, up 36.05 points or 0.62 per cent. The broader index touched a high of 5912.90 and low of 5866.90 in today's trade.
BSE Midcap Index was up 0.10 per cent and BSE Smallcap Index edged 0.03 per cent lower.
Amongst the sectoral indices, BSE Metal Index was up 1.57 per cent, BSE Oil&gas Index gained 1.14 per cent and BSE Realty Index moved 0.60 per cent higher. BSE Capital Goods Index slipped 1.06 per cent and BSE Power Index declined 0.91 per cent.
Maruti (3.80%), ONGC (2.78%), Hindalco (2.66%),HDFC (2.46%) and Sterlite Industries (2.30%) were the major Sensex gainers.
BHEL (-4.73%), TCS (-2.61%), Bharti Airtel (-1.38%),Tata Motors (-0.99%) and Cipla (-0.42%) were amongst the top losers.
Shares of TCS were down on profit booking after it reported better-than-expected quarterly figures. Its standalone net profit grew to Rs 7569.99 crores for the year ended March 2011 against Rs 5618.51 crores a year ago. Net sales grew to Rs 29275.41 crores from Rs 23044.45 crores.
Reliance Industries will be announcing results later in the day. Analysts are expecting the oil&gas major to report robust numbers due to higher gross refining margins. The stock ended at 1.37 per cent higher on the BSE.
Market breadth was positive on the BSE with 1364 gainers against 1510 losers.
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