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Mapping the market: FDI reforms, odds for Bremain help D-Street get over Rexit

Sensex notched up a gain of 241 pts and Nifty50 recaptured the 8,200 mark. This, in the words of Rakesh Jhunjhunwala, is a sign of ‘maturity’ of the market.

, ET Online|
Updated: Jun 20, 2016, 05.00 PM IST
Sensex notched up a gain of 241 pts and Nifty50 recaptured the 8,200 mark. This, in the words of Rakesh Jhunjhunwala, is a sign of ‘maturity’ of the market.
Sensex notched up a gain of 241 pts and Nifty50 recaptured the 8,200 mark. This, in the words of Rakesh Jhunjhunwala, is a sign of ‘maturity’ of the market.
NEW DELHI: As the odds against a Brexit vote rose in the UK, they also helped equity markets log solid gains the world over.

Back home, they helped equity investors forget their immediate worry over the imminent exit of celebrity RBI Governor Raghuram Rajan, while a strong revival in monsoon rains and a fresh dose of FDI reforms from the government lifted investor mood and added buoyancy to the market.

This helped the benchmark Sensex notch up a gain of 241 points. Its peer Nifty50 recaptured the 8,200 mark, which in the words of ace investor Rakesh Jhunjhunwala, was a sign of ‘maturity’ of the market.

Here is a wrapup of the major trends across stocks and sectors that hogged limelight during the session:

Top 5 biggies added Rs 22,700 cr in m-cap: Five top stocks by market capitalisation added Rs 22,672 crore to investor wealth. Shares of TCS and Infosys rose between 2 per cent and 2.5 per cent and contributed Rs 17,245 crore to investor wealth. Reliance Industries gained 1.78 per cent to Rs 990.55, contributing Rs 5,610 core to equity wealth. ITC fell 0.35 per cent.

Defence, aviation stocks soared on FDI norms: Defence sector stocks such as Reliance Defence (up 7.39 per cent), Walchandnagar Industries (up 5.56 per cent), BEML (up 4 per cent) and Bharat forge (up 3.25 per cent) were on a roll, so were stocks of aviation firms such as Jet Airways (up 6.56 per cent), SpiceJet (7.36 per cent) and InterGlobe Aviation (up 6.02 per cent) after the government announced 100 per cent FDI in the two sectors. Live chart here

BSE IT index emerged top sectoral gainer: Weakness in the rupee lifted the BSE IT index by 2 per cent to 11,549.64 at close. Smallcap IT stocks were on a roll. Zen Technologies, Subex, Moser Baer and HCL Infosystem gained between 4.5 per cent and 10 per cent. Biggies such as Infosys, TCS and tech Mahindra advanced up to 2.6 per cent. Live chart here

Unitech, Suzlon most active stocks: Unitech saw 10.55 crore shares change hands during the day on NSE, amounting to Rs 63.14 crore. The Suzlon counter also saw brisk activity with as many as 3.48 shares worth Rs 61 crore changing hands. SBI, the most active stock in value terms, saw transaction of 3.26 crore shares worth Rs 697 crore.

Amara Raja, Marico saw spurt in open interest: UPL, BEML saw spurt in open interest: F&O data showed the counters of UPL (up 10 per cent), BEML (up 7.37 per cent), Godrej Industries (6.93 per cent) and Torrent Pharma (up 6.52 per cent) witnessed brisk activity in the futures market with a sharp rise in open interest. On the other hand, Jet Airways, Amara Raja, Bank of India and Hindustan Zinc were among the stocks that saw a drop in open interest on the F&O counter.

Two dozen stocks hit all-time highs: A total of 25 BSE-listed stocks hit their highs during the day. Petronet LNG hit an all-time high of Rs 290 during the session. Shree Cement scaled a record high of Rs 14,800. KRBL, Sharda Corpm Infibeam Incorporation and Jamna Auto were among other stocks that hit record highs during the session.

Realty stocks soared on REIT boost: Realty players Emami Infra, Arihant, Parsvnath Developers, Unitech, Ansal Housing and Phoenix gained 20 per cent, 7.95 per cent, 7.71 per cent, 6.71 per cent, 5.43 per cent and 4.82 per cent, respectively, after Sebi relaxed rules for Real Estate Investment Trusts (REITs) by allowing them to invest more in under-construction projects. Live chart here

Also Read

Brexit or Bremain? This is how the outcome on either side will hit you

Rupee rises 10 paise to 66.37/$ on boost to Bremain camp

Bremain vote may lift Nifty50 beyond 8,400, Brexit will take it below 8,000

Vote count trend shifts towards ‘Bremain’ verdict, brace for risk-on rally on D-Street

Bremain hopes? Sensex ends 236 points higher at 27K; Nifty50 at 8,270

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