Mkts end strong for Apr, experts cautious for May
Mumbai, Apr 29: The 30-share BSE Sensex ended at 11,403.25, gain of 401.50 points or 3.65% over previous close. The 50-share NSE Nifty surged 3.32% or 111.60 points, to end at 3,473.95.
Markets ended Apr with 17.5 per cent gain in Sensex and 15 per cent surge in Nifty.
The benchmark indices took support of the global cues and ended on a strong note. Technology, oil & gas, metal, rate sensitives and infrastructure stocks along with midcaps and smallcaps supported the markets.
BSE IT Index went up 5 per cent and Bankex was up 4.5 per cent. Oil & Gas Index went up 3.5 per cent. Power, Auto, Metal, Realty and Capital Goods indices gained 2 to 3 per cent.
Even though the volumes increased it did not cross the Rs 1 lakh crore mark. The total traded turnover was Rs 99,710.81 crore. This comprised of Rs 15,501.44 crore from NSE cash segment, Rs 80,063.40 crore from NSE F&O and the balance Rs 4,145.97 crore from BSE cash segment.
Asian markets were strong and the Global markets bounced back in today's trade.
Experts
advice
caution
stepping
into
the
May
series.
4:20
PM
Indices
surge;
IT,
bank
stocks
surge
The
Sensex
was
up
234.94
points
or
2.14
pc
at
11236.69,
and
the
Nifty
was
up
72.95
points
or
2.17
pc
at
3435.30,
at
14.05
hrs
IST.
All
the
Bombay
Stock
Exchange
(BSE)
sectorial
indices
were
trading
positive.
Positive
buying
interest
were
seen
in
IT,
banks,
oil
&
gas,
power,
auto,
realty,
metal
and
FMCG
stocks.
Reliance,
Infosys,
ICICI
Bank,
ITC
and
Bharti
Airtel
are
the
major
supporters
leading
Sensex
upwards.
02:40
PM
Markets positive; Nifty trading above 3400k
Markets are continuing upward rally and are trading higher following strong Asian markets. The Nifty was consistently trading above the 3400 mark while the Sensex above the 11,200 level.
The Sensex went up 227 points, to 11,228 and the Nifty was trading at 3,431, up 69 points, at 11:51 hours IST. These indices outperformed broader indices - BSE Midcap and Smallcap indices gained 0.8-1 pc.
Reliance
Industries,
ONGC,
Reliance
Communication,
Infosys,
TCS,
NTPC,
SBI,
ICICI
Bank,
BHEL,
HDFC,
Wipro
and
DLF
were
leading
counters,
gained
2.2-4
pc.
12:30
PM
Markets open positive on Asian cues
Indian benchmark indices bounced back in the morning trade following positive Asian cues and good earnings from Bharti Airtel along with stock split announcement.
At 9:57 am, the Sensex was trading at 11,141, up 139 points and the Nifty was up 38 points, to 3,400. The CNX Midcap went up 43 points, to 3,847. Buying interest is seen in metal, banking, telecom and some infrastructure stocks.
Also markets are witnessing slight volatility in the markets ahead of F&Q expiry on Wednesday, Apr 29.
Among the frontliners, HDFC, Reliance Communication, Reliance Infrastructure, ICICI Bank, Suzlon, Bharti, Idea, Axis Bank, SAIL, Tata Steel, HDFC Bank and SBI were the gainers.
Unitech
and
HCL
Technologies
were
the
losers.
10:20
AM
OneIndia News