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All sectors close in green
Fri, 2 Jan Closing

After trading in the positive territory during post noon trading session, the Indian equity markets failed to extend their gains but closed the day in the green. While the BSE-Sensex today closed higher by 380 points, the NSE-Nifty closed higher by 111 points. Midcaps and Smallcaps too closed in the green today. While the BSE Mid Cap index was up by 0.86%, the BSE Small Cap index closed higher by 0.74%. Banking and capital goods stocks were the biggest gainers today. All sectoral indices closed in the green in today's trade.

As regards global markets, the Asian pack closed strong today. The rupee was trading at Rs 63.26 odd levels to the dollar at the time of writing.

Auto stocks have ended the day on a weak note. The monthly volume figures for the auto industry are out. And the performance has been not good so far for two wheeler maker Bajaj Auto. The volumes fell 3% in December to 2.89 lakh units. However, three wheeler sales and exports registered a growth during the month. Management also stated that volumes will pick up in the month of January. As far as competition is concerned, sales volumes for HeroMoto Corp increased by 0.2% to 5.26 lakh units while that for the TVS Motors increased 20% to 1.59 lakh units in the month of December.

Engineering stocks closed mixed today. The stock of BHEL ended strong today after the company won orders worth Rs 38.1 bn from the state of Telangana for setting up a thermal power EPC project. It is an 800 MW super critical thermal power project which is expected to be commissioned in 36 months. BHEL's scope of work here includes everything right from designing to commissioning the project.

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