BSE Sensex ends above 11,100
Mumbai, Apr 23: The benchmark indices on Thursday, Apr 23 witnessed a strong rally mainly let by technology, metal, auto, infrastructure, cement oil & gas exploration and banking companies.
The Sensex closed above the 11,100 level while the Nifty ended above its 200 DMA (Daily Moving Average) of 3,495 as well as above the 3400 mark. Broader indices also followed the same trend but the benchmark indices outperformed these broader indices.
While
Wipro,
Reliance
Industries,
Infosys,
NTPC,
ONGC,
SAIL,
ICICI
Bank,
TCS,
SBI,
L&T,
Reliance
Communication,
BHEL,
DLF
and
Tata
Steel
gained
Bharti,
Unitech,
Sun
Pharma,
ITC
and
ABB
ended
in
red.
05:00PM
BSE Sensex tests 11k; Nifty above 3,400
The Sensex went up 265 points, to 11,082 and the 50-share NSE Nifty rose 80 points, to 3,411, at 15:02 hours IST. Broader indices were gained 0.4-0.8 pc.
As
a
result
of
buying
in
shares
of
technology,
metal,
power,
capital
goods,
cement,
auto,
select
banking
stocks
and
in
stocks
like
Reliance
Industries,
ONGC
and
Reliance
Communication
markets
are
trading
higher.
However,
both
indices
were
witnessing
some
selling
pressure
at
higher
levels,
as
Bharti,
HDFC
Bank,
Sun
Pharma,
HUL,
HDFC
and
Ranbaxy
Labs
were
under
pressure.
03:30
PM
Markets in green; RIL, HDFC Bank results eyed
The Sensex was trading at 10,912, up 94 points and the Nifty went up 32 points, to 3,362, at 11:28 hours IST. Though the indices are trading higher, some volatility is still visible. Buying interest is seen technology, metal, auto, power and capital goods stocks.
However,
individual
stocks
like
Bharti,
SBI,
HDFC
Bank,
Unitech,
HCL
Tech,
BPCL
and
Ranbaxy
Labs
were
under
pressure.
Among
the
frontliners,
Wipro,
Reliance
Communication,
TCS,
Infosys,
Reliance
Infrastructure,
Hero
Honda
and
Tata
Steel
gained
2-6.5
pc.
01:00
PM
Markets volatile; power, tech gain
Though markets opened on a positive note, it turned choppy soon as a result of the mixed cues from the Asian markets. At 9:59 am, the Sensex was trading at 10,874, up 56 points while the Nifty was up 15 points, to 3,345. The CNX Midcap went up 16 points, to 3,861.
Reliance
Power,
Ambuja
Cements
(post
earnings),
Ranbaxy
Labs,
Tata
Motors,
Wipro,
Sterlite,
Nalco,
Tata
Steel,
ICICI
Bank,
Infosys
and
TCS
were
the
gainers.
Unitech,
Bharti,
ACC,
Reliance
Industries
(ahead
of
earnings),
L&T,
BPCL,
HCL
Tech,
Reliance
Petroleum
and
ITC
were
the
major
losers.
11:00
AM
OneIndia News