Markets ends sharply higher
Mumbai, Feb 9: The benchmark indices continued the uptrend for the second consecutive day and ended the day sharply higher led by short covering. The Nifty has tested 2900 mark as well as the Sensex hit 9600 level in last half an hour of trade, after 20 sessions. Buying in shares of oil & gas, banking, metal, power, capital goods and telecom companies have lifted the markets higher.
Broader indices also joined the same league througout the session, due to which market breadth was in favour of advances; about 1706 shares advanced while 1128 shares declined. Nearly 170 shares are unchanged.
The
30-share
BSE
Sensex
has
touched
an
intraday
high
of
9,601.56,
before
closing
the
day
at
9,583.89,
up
283.03
points
or
3.04
per
cent
over
previous
close.
The
50-share
NSE
Nifty
ended
with
a
gain
of
76.80
points
or
2.7
per
cent
at
2919.90,
after
hitting
a
high
of
2926.75.
4.24
PM
Markets moving up; oil&gas, banking gain
The benchmark indices have gained further on the back of support from oil&gas, banking, metal, capital goods, pharma stocks and Bharti Airtel. The buying also continues in midcap and small cap stocks.
The Sensex was trading at 9,419, up 118 points and Nifty was at 2,872, up 29 points, at 1.43 hours IST. BSE Midcap and Small cap indices went up 1-1.4 per cent.
ONGC,
Reliance
Industries,
HDFC,
SAIL,
ICICI
Bank,
Sterlite,
SBI,
BHEL,
Tata
Steel,
L&T,
Sun
Pharma
and
HDFC
Bank
are
biggest
supporters
in
today's
trade.
However,
Power
Grid,
Wipro,
ITC,
TCS,
Idea,
M
&M
and
HCL
Tech
are
under
pressure.
2:21
PM
Benchmark Indices witnessing buying interest
The benchmark indices are witnessing buying interest despite some volatility. The equity markets are getting support from capital goods, banking, realty, metal and select power stocks. Midcap and small cap stocks are following the same trend. However, sell-off continues in Wipro, ITC, Sun Pharma, TCS and cement stocks.
The Sensex went up 115 points, to 9,416 and the Nifty jumped 23 points, to 2,866, at 10:30 hours IST. BSE Midcap and Small cap indices gained more than 1 per cent.
Reliance
Industries,
HDFC,
Bharti
Airtel,
ICICI
Bank,
SAIL,
SBI,
L&T,
Sterlite,
Infosys,
HDFC
Bank,
and
Tata
Steel
are
supporting
markets.
12.14
PM
Markets volatile; Infosys, HDFC among gainers
Benchmark indices have started quiet in early trade amidst greater volatility. Asian markets have opened good and is impacting our markets. Metal, private banks and realty stocks are witnessing buying interest.
At 9.56 am, the Sensex went up 54 points, to 9,354 and the Nifty gained 5 points, to 2,848. CNX Midcap rose 0.32 per cent, to 3,350.
Among frontliners, Unitech, DLF, Suzlon, ICICI Bank, Tata Motors, Sterlite, Tata Steel, Hindalco, HDFC, HDFC Bank and Infosys have gained while ONGC, Bharti, NTPC, ITC, Ambuja Cements, Sun Pharma, TCS and ACC are under pressure.
OneIndia News (With inputs from Agencies)