Buying Interest visible in Banking and Consumer Durables shares - LuvKush Finserve

Volatile markets ended in the green with buying interest visible in banks and consumer durables shares. The Sensex was up 153 points at 19,170. Nifty was up 51 points at 5,834.

Consumer durables, capital goods, realty and metal indices were up 2-4% each. FMCG stocks gained on reports of likely normal monsoon this year. However, weakness continued in IT index - down 2.3% at 5762.

IT major, Wipro came out with its quarterly results and a disappointing guidance on Friday. Larsen & Toubro, BHEL and Hero MotoCorp were up 2-4% each. Markets heavyweight - Reliance was up 1% at Rs 790. On the other hand, Wipro slipped 8% at Rs 339 after the company forecast weak sales at its technology division for the current quarter ending June 2013.

Infosys shed 2.2% at Rs 2,244, followed by Dr Reddy's, Bajaj Auto and ONGC. Broader markets edged up as well. The BSE mid-cap index out-performed the benchmark index and rose 1.5% at 6,316. Small-cap index added 1% at 6,031.

Source : Equity Bulls

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