Indian market indices remained volatile throughout the day and India VIX was seen crossing 15.5% level. After opening on a positive note Sensex dived from 19612.73 and touches the low of 19320.34 while Nifty started off at 5958.90 and made a low of 5868.20. But in last hour of trade Sensex surged by 116 points and ended the day at 19504.18 and Nifty closed at 5930.20 up by 26 points.
The momentum was led by gains in HUL, Sterlite Industries and M&M. Shares of Hindustan Unilever hit 52-weeks high and were trading above 200 DMA after the parent company Unilever announced open offer at Rs 600 per share to increase stake in the company to 75%. Sterlite Industries reported a net profit of Rs 1,925 crore for quarter ended March 2013, up 51%, as compared to a net profit of Rs 1,277 crore in the corresponding quarter last fiscal.
Among the sectoral indices CNX MNC gained by 6.13% and CNX FMCG by 4.35% meanwhile CNX Realty (-1.31%) is the biggest loser of the day.
Out of 50 stocks of nifty 24 shares advanced and 26 shares ended in red zone.
Top 5 Nifty gainers: HUL was the biggest gainer up by 17.17% followed by Sesagoa (3.09%), HCL (2.74%), M&M (2.65%) and NMDC (2.27%).
Top 5 Nifty losers: JP Associates (-2.60%), IDFC (-2.45%), IndusInd Bank (-2.24%), PNB (-1.96%) and HDFC (-1.94%) were among the top losers.
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