Sensex Posts Marginal Gains On Cautious Approach by investors

While continuing its firm trend, the third consecutive week, after a good buy real estate, consumer durable and automobile counters, showed BSE SENSEX a week compared to 95 points. Marginal profit, mainly due to traders and investors cautious ahead of first quarter corporate results.

The SENSEX opened the week higher hovered between 18,896.24 and 19,131.70 and 18,682.60 before settling at 18,858.04 Friday, rising 95.24 points, or 0.51% from its previous weeks close.

Concentrated 30-stock index to its nine-week high of 19,131.70 on Friday, and the constant influx of foreign funds, equity capital markets.

However, profits fell right in the middle of the order of blue chips and heavy metals sell-off of mining companies and the Bill proposes a new profit-sharing projects with people.

The Bill of Mines and Mineral Development and Regulation (MMDR) Bill, 2011 has proposed to make it mandatory for coal miners to share 26% of their profits, while companies mining other resources are required to pay 100% of license fees for its production of the project sufferers.

Realty shares continued to attract good buying support, resulting in the BSE Realty index rising to 7.12%. Consumer durable and car counters were also interested in demand.

Minister of Foreign Institutional Investors (FIIS) continued their buying spree the week when they started shares worth Rs 3,593.93 crore against Rs 6,256.10 crore in the last week.

The recent political problems after 75 MLAs and 12 MPs from Andhra Pradesh took over Congress in the course of a separate Telangana state also influenced the mood of the market.

Food inflation has fallen for seven consecutive weeks in the second week low of 7.61% in the week ended twenty-fifth of June from 7.78% last week.

NSE 50-share Nifty also moved by 33.45 points or 0.59%, to end at 5,660.65.

BSE Consumer Durable index rose by 4.15% and BSE Auto Index of 3.63%.

Shares Small-cap and mid-cap was also a keen demand. As a result, increased small-cap index 1.83% and mid-cap index hardened by 1.37%.

Major gainers from SENSEX pack were DLF (7.49 pc), Reliance Infra (7.56 pc), Tata Motors (5.91 pc), Bharti Airtel (3.82 pc), Maruti (3.56 pc), Bajaj Auto (2.56 pc), HDFC Bank (2.46 pc) and State Bank of India (2.38 pc).

But India's sterling fell to 3.94%, followed by BHEL (3.22 pc), ICICI Bank (3.17 pc), Jaipraksh Associates (1.97 pc), Jindal Steel (1.55 pc), Tata Power ( 1.28 pc) and Tata Steel (1.25 pc).

Total turnover of BSE and NSE was Rs 15,233.28 crore and Rs 54,892.40 crore compared to Rs 13,920.41 crore and Rs 60,295.15 crore in the past.