Mumbai, Feb 13: The benchmark indices have rebounded smartly on the back of support from positive global cues and ended the last day of a week on a strong note. The support has seen from capital goods, power, banking, metal, oil&gas and realty stocks. Midcap and small cap stocks also followed the same trend; wherein media stocks witnessing good buying interest while railway related stocks declined after Railway budget.
Biggest contributors in today's gain were Reliance Industries, BHEL, NTPC, ONGC, SBI, Reliance Communication, ICICI Bank, Power Grid, SAIL, L&T, ACC, M&M and Tata Steel. However, only 7 out of 50 stocks ended in red like Sun Pharma, ABB, GAIL, Infosys, Ambuja, Cements, HCL Tech and Ranbaxy Labs.
The 50-share NSE Nifty has crossed 2950 during the day and touched an intraday high of 2969.75. It closed at 2948.35, up 1.91 per cent or 55.30 points over previous close. The 30-share BSE Sensex was up 168.91 points or 1.78 per cent, to settle at 9,634.74.
Media, railway stocks buzzing amid positive market
The benchmark indices have extended gains further - the Nifty is trading around 2950 level while the Sensex is moving around 9600 level. Buying in capital goods, power, metal, banking, oil&gas and realty stocks is being supportive to the markets. Media and railway stocks are also buzzing today.
The Sensex was trading at 9,667, up 201 points and the Nifty was at 2,956, up 64 points, at 2.04 hours IST. BSE Midcap and Small Cap indices went up over 1 per cent.
Market breadth is positive; about 1721 shares have advanced while 1103 shares declined. Nearly 192 shares are unchanged.
Among frontliners, M&M, Tata Steel, BHEL, Reliance Infrastructure, Jaiprakash Associates and Reliance Power gained 4-6.5 per cent.
Markets positive; Oil&gas, banking gain
The benchmark indices are witnessing buying interest led by gains in oil&gas, banking, infrastructure, metal and technology stocks. Midcap and smallcap stocks are following the same trend. Positive Asian markets are supporting the markets as well.
At 10.48 hours IST, the Sensex was trading at 9,636, up 170 points and the Nity was at 2,946 up 53 points. Among broader indices, the BSE Midcap and Small Cap indices gained 1.5 per cent each.
Reliance Industries, ONGC, NTPC, SBI, BHEL, Power Grid, ICICI Bank, Bharti Airtel, SAIL, Reliance Communication, L&T, HDFC Bank and HDFC are leading players in today's gain. However, Sun Pharma is under pressure.
Markets opens green; BHEL, SAIL early gainers
Markets have opened green backed by good global cues. US markets rebounded smartly on likely plan to subsidize mortgage payments for homeowners. Real estate, infrastructure, oil & gas and metal stocks are on buyers' radar.
At 9.56 am, the Sensex was trading at 9,605, up 136 points and the Nifty was at 2,934, up 41 points. CNX Midcap 100 went up 1 per cent, to 3,482.
DLF, ICICI Bank Power Grid, ABB, Reliance Infrastructure, Zee Entertainment, ONGC, L&T, Tata Steel, Reliance Industries, BHEL and SAIL are gainers in early trade.
OneIndia News (With inputs from Agencies)