Markets end positively; metals, oil&gas surge
Mumbai, Jan 5: Sharp rally led buy fresh buying as well as short coverings in metals and oil&gas counters in the last hour of trade saw benchmarks end above crucial resistance levels. Buying was also seen in midcap and smallcap space.
Bombay Stock Exchange's (BSE) Sensex closed at 10292.54, up 334.32 points or 3.36 per cent. The index touched an intra-day high of 10306.17 and a low of 10069.11.
National
Stock
Exchange's
(NSE)
Nifty
ended
at
3128.60,
up
81.85
points
or
2.69
per
cent.
The
broader
index
touched
an
intra-day
high
of
3131.95
and
low
of
3056.45.
4.52
PM
Smallcap, midcap positive; Satyam, Bharti lose
Rally in benchmarks after the fiscal and monetary measures was limited as traders booked profits at crucial resistance levels. However midcap and smallcap stocks continued move outperform.
At 12.53 pm, National Stock Exchange's (NSE) Nifty was at 3068.15, up 21.4 points or 0.70 per cent. The broader index touched a high of 3095.20 and a low of 3056.45. It kissed 3100 mark in early trade but soon profit booking set in.
Bombay
Stock
Exchange's
(BSE)
Sensex
was
at
10087.31,
up
129.09
points
or
1.30
per
cent.
The
index
touched
a
high
of
10168.25
and
a
low
of
10069.11.
2.17
PM
Markets
positive;
benchmarks
rise
Slew of fiscal and monetary measures to boost growth had a positive impact on the markets on Monday. Buying was seen in interest rate sensitive and infrastructure stocks. However, the rise in the benchmarks was capped as traders were wary ahead of results of corporate earnings.
At 12 pm, Bombay Stock Exchange's (BSE) Sensex was at 10139.75, up 181.53 points or 1.82 per cent. The index touched a high of 10168.25 and low of 10069.11.
National
Stock
Exchange's
(NSE)
Nifty
was
at
3080.35,
up
33.60
points
or
1.10
per
cent.
The
broader
index
hit
an
intra-day
high
of
3095.20
and
a
low
of
3056.45.
12.57
PM
RBI rate cuts: Markets open positive
Following heavy rate cuts by the Reserve Bank of India, Indian markets opened on a positive note on Monday, Jan 5.
Sensex, the benchmark index of Bombay Stock Exchange climed 135 points to 10,0093. While National Stock Exchange's nifty rose 29.74 points to 3076 from Friday, Jan 2's close.
OneIndia News (With inputs from Agencies)