Huge buying was seen in ONGC, Bharti Airtel, BHEL, TCS, L&T, Wipro, Sterlite, Maruti and Tata Power stocks which gained 5-6 per cent. Buying in infrastructure, metal, banking, technology, auto, FMCG and oil & gas sectors helped the markets to stay in positive throughout the day.
For the third consecutive day markets reported a turnover of over Rs 90,000 crore.
Indices in green; IT, FMCG, metals up
Continuing the momentum, the benchmark indices are trading higher. Infrastructure, technology, banking, FMCG, metal and auto stocks and ONGC are keeping the markets up. At 1:43 pm, the Sensex was trading at 9,871, up 203 points and the Nifty was trading at 3,039, up 55 points. The Nifty April futures were trading with 15 points premium.
L&T, TCS, BHEL, Hindalco, ITC, Tata Steel, SBI, Tata Motors, HDFC, Maruti Suzuki, Sun Pharma, NTPC, ONGC and Bharti Airtel saw an upward trend while Power Grid, DLF, Cairn, GAIL, Reliance Power, Siemens, Ranbaxy and Reliance Capital were down.
At 11:44 am, the Sensex was trading at 9,796, up 128 points and the Nifty was trading at 3,016, up 31 points. The Nifty April futures were trading with 9 points premium while the March Futures with 2 points discount. Broader indices like BSE Midcap and Small Cap indices were up 0.9 per cent each.
As March F&O contract expires on Thursday, Mar 26 the markets are trading volatile. Top gainers were BHEL, L&T, Tata Motors, ITC, ACC and ABB. Sell-off was seen in Bharti Airtel, Cairn, Ranbaxy, DLF and Siemens.
Markets slightly volatile; Huge buying seen
At 10:48 am, the Sensex was trading at 9,814, up 146 points and the Nifty was trading at 3,024, up 40 points. The Nifty April Futures were trading with 7 points premium while March futures were in 2 points discount.
Huge buying was witnessed in the oil & gas exploration, capital goods, banking, FMCG, technology and metal stocks. BHEL, ONGC, Reliance Industries, ITC, NTPC, HDFC, L&T, Infosys, HDFC Bank, HUL, SBI, DLF and TCS were leading players
Markets open green; Nifty above 3000K
Indian markets opened on a positive note and continued Wednesday, Mar 25 rally further. While Bombay Stock Exchange's benchmark index Sensex tested 9,800 level, National Stock Exchange's Nifty was trading above 3,000 mark.
At 9:56 am, the Sensex was trading at 9,798, up 131 points and the Nifty was trading at 3,025, up 40 points. The CNX Midcap 100 was up 1.5 per cent or 53 points, to 3,342.
Stocks like metal, realty, infrastructure and banking are supporting the markets. But Tata Motors and Zee Entertainment lost ground.