Maruti Suzuki fell 0.7% even after its March quarter profit grew by 15.8% to Rs 1,709 crore in Q4
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Shares of RIL on Monday opened at Rs 1,206.50, then gained further ground and touched its 52-week high level of Rs 1,238.05, up 2.87 per cent over its previous closing price.
Other than ITC, other laggards include PowerGrid, Infosys, M&M, NTPC, SBI, HDFC, Kotak Bank, HDFC Bank, TCS, Hero MotoCorp, Coal India, ONGC, RIL, Asian Paint, IndusInd Bank, ICICI Bank, Maruti Suzuki, Bajaj Auto, Tata Motors, Bharti Airtel and Axis Bank.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
Maruti Suzuki and Hyundai would make the largest gain.
Automobile companies are worried about challenges from electric mobility, automation and connected vehicles.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.
Of these, three stocks belong to the automobile pack and two are from the pharma.
Every three minutes, in some corner of the country, two Altos are being sold.
Top gainers in the Sensex pack included IndusInd Bank, ITC, L&T, M&M, PowerGrid, Asian Paints and SBI, ending up to 3.79 per cent higher.
Stick to export-focussed plays, large-caps, say analysts
Participants will watch out for the Brexit poll outcome in the late morning trades tomorrow.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Index heavyweights ITC was the top gainer along with RIL and HDFC
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
Nifty50 surged 145 points to close at 8,468 after hitting an intra-day high of 8,475.
In 2008, the 13 companies on the list accounted for 34 per cent of the overall m-cap.
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
Among the Sensex losers, Yes Bank tumbled 5.46 per cent, followed by Bajaj Finance 5.40, ICICI Bank 3.82 per cent, IndusInd Bank 3.10 per cent and HeromotoCorp 2.55 per cent.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
Capital goods, IT, auto and pharmaceuticals lead gains for the financial year
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Investors will maintain a cautious stance.
During April, Maruti Suzuki India's domestic car sales were up 2.72 per cent at 86,481 units, as against 84,188 units in the same month last year.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
Auto stocks are weighing on the indices.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Sectorally, telecom, realty, auto and banks were among the top losers, shedding as much as 2.22 per cent.
