Low Inflation boosts markets; Sensex ends above 10K

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Mumbai, Dec 18: Markets closed higher for the day after a volatile trading session. Fall in inflation rate and surge in realty and bank stocks helped BSE Sensex to touch 10,000 mark. Inflation fell to 6.84 per cent for the week ended on Dec 6 from the previous weeks 8 per cent.

Bombay Stock Exchange"s Sensex closed at 10,060.11, up 344.82 points or 3.55 per cent. The index touched an intra-day high of 10,110.34 and a low of 9633.04. Meanwhile National Stock Exchange"s Nifty was at 3059.50, up 3.56 per cent or 105.15 points. The 50-share index hit an intra-day high of 3072.55 and a low of 2922.65.

BSE Midcap Index was up 2.35 per cent and BSE Smallcap Index moved 0.97 per cent up.

Sensex again tests 10K; Bank stocks lead

Markets picked up after buying in technology, capital goods, power, auto, realty, and banking increased. Shares of oil marketing companies also moved up higher. Midcap and smallcap stocks are also following the same trend. Sharp fall in inflation rates is playing a key role in boosting the market.

BSE Sensex tested 10,000 mark. It went up 296 points to 10,012 and the NSE Nifty rose 87 points to 3,041 at 02:03 hours IST.

SBI, NTPC, BHEL, ITC, DLF, ICICI Bank, TCS, Infosys, HDFC Bank, Wipro, L&T, Reliance Communication, SAIL, Satyam Computers and Reliance Infrastructure surged 3-10 per cent. Meanwhile Reliance Industries and ONGC are still down over 1 per cent.

Inflation for the week ended Dec 6 came in at 6.84 per cent against 8 per cent.
02:30 PM

Markets remain volatile; RIL, ONGC slip

sMarkets continue to remain volatile, trading lower as ONGC, Reliance Industries, L&T, HDFC, Bharti Airtel, DLF, Tata Steel and Sterlite Industries are under pressure. Meanwhile Reliance Communication, BHEL, ITC power, technology and select banking stocks are picking up. Midcap and small cap stocks are quite in trade. The Nifty is hovering around 2950 level.

The Sensex fell 13 points to 9,702 and the Nifty lost 7.7 points to 2,946, at 10:41 hours IST.
11:30 AM

Markets open red, Satyam bounces back

On Thursday, Dec 18 the Indian markets opened flat and immediately turned choppy following mixed cues from Asian markets. Satyam Computers rebounded with a gain of 8 pc, after Wednesday, Dec 17's big loss of over 30 pc. Oil stocks are under pressure while technology and select banking stocks are up.

The BSE Sensex rose 27 points to 9,743 and the NSE Nifty gained just 2.25 points at 2,956, at 9:56 am. The major gainers Jaiprakash Associates, Reliance Infrastructure, Reliance Communication, Infosys, Suzlon and TCS. However, ONGC, Reliance Industries, Tata Steel and ICICI Bank lost.

OneIndia News (With inputs from Agencies)


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