Nifty ends above 3K led by metal, IT
Mumbai, Mar 31: The markets on Tuesday, Mar 31 bounced back, after steep fall on Monday, Mar 30 and closed the session on a positive note. The markets were volatile throughout the session.
The Nifty tested the 3050 level during the day while the Sensex touched the 9800 level. Today's pull back was largely on the back of year end NAV propping. Domestic funds were largely active in midcap stocks.
Buying was seen in capital goods, telecom, technology, metal, auto and banking stocks. Broader indices' stocks witnessed buying interest from domestic funds, which kept market breadth on the positive side.
The 50-share NSE Nifty closed the day above 3000 mark and went up 1.44pc or 42.80 points, to 3020.95, after hitting a day's high of 3054.30. The 30-share BSE
Sensex
has
hit
an
intraday
high
of
9,826.22,
before
ending
at
9,708.50,
up
140.36
points
or
1.47pc.
Among
the
broader
indices,
the
BSE
Midcap
Index
was
up
2.27pc
or
65.64
points,
to
settle
at
2,956.23
and
the
Small
Cap
Index
shut
shop
at
3,246.63,
up
1.46pc
or
46.58
points.
4.30PM
Sensex
near
day's
high
as
Europe
opens
strong
Some
optimism
returned
back
in
the
Indian
equities
as
Asian
markets
pulled
back
and
positive
opening
of
European
markets.
Indian
benchmarks
were
steadily
inching
higher
and
were
near
the
day"s
highs
led
by
gains
in
realty,
metals
and
pharma
space.
At 12:30 pm, Bombay Stock Exchange"s Sensex was at 9731.55, up 163.41 points or 1.70 per cent. The broader index touched a high of 9739.45 and low of 9547.21 in trade so far.
National Stock Exchange"s Nifty was at 3030.10, up 51.95 points or 1.74 per cent. The broader market hit an intra-day high of 3033.65 and low of 2966.40.
BSE Midcap Index was up 1.47 per cent and BSE Smallcap Index gained 1 per cent.
Amongst the sectoral indices, BSE Realty Index was up 2.71 per cent, BSE Metal Index gained 2.43 per cent and BSE Healthcare Index moved up 2.13 per cent.
BSE
Bankex
pared
losses
and
was
0.50
per
cent
up.
2.08
PM
Sensex
gives
away
gains;
ICICI,
HDFC
down
Indian
key
indices
gave
away
most
of
their
initial
gains
and
were
drifting
towards
negative
terrain
as
concerns
over
uncertainty
in
the
global
markets
prevailed.
Buying
was
seen
in
capital
goods,
pharma
and
IT
space
while
banks,
metals
and
realty
extended
overnight
losses.
At 10:40 am, Bombay Stock Exchange"s Sensex was at 9600.19, up 32.05 points or 0.33 per cent. The 30-share index touched an intra-day high of 9739.45 and low of 9576.25.
National Stock Exchange"s Nifty was at 2994.80, up 16.65 points or 0.56 per cent. The broader index touched a high of 3028.15 and low of 2966.40.
Sensex losers included ICICI Bank (-4.28pc), Sterlite Industries (-2.48pc), HDFC Bank (-2.12pc), DLF (-1.84pc) and Hindalco (-1.20pc).
Tata Motors (2.44pc), Jaiprakash Associates (2.42pc), TCS (1.87pc), Ranbaxy Laboratories (1.86pc) and BHEL (1.68pc) were the top Sensex gainers.
Mkts bounce back positive; RIL, Bharti up
The markets bounced back and recovered some losses following positive Asian cues. Metals, auto, banking, realty and capital goods stocks gained.
At 9:57 am, the Sensex was trading at 9,721, up 160 points and the Nifty went up 45 poitns, to 3,022. CNX Midcap was up 32 points, to 3,388.
Among the frontliners, Bharti, ICICI Bank, HDFC, Unitech, Axis Bank, PNB, Reliance Infrastructure, Reliance Capital, Reliance Industries, DLF, Tata Power, BPCL, Tata Steel, SBI, SAIL, Infosys and BHEL were the gainers. However, HDFC Bank and Cairn India lost ground.
Midcap and Small cap space
ICSA India shot up 15pc. Opto Circuits, S Kumars Nationwide, NIIT and Wockhardt gained 6.5-8pc. Fortis Healthcare went up 4.6pc (there were reports that the company may buy 74pc stake at Rs 750 crore in Wockhardt Hospitals) and Moser Baer gained 4.5pc.
OneIndia News