Sensex ends above 12k; Nifty above 3650
Mumbai, May 12: The 30-share Sensex surged 511.64 points to touch an intraday high of 12,194.63, before closing at 12,158.03, up 4.07 pc or 475.04 points. The 50-share NSE Nifty ended 3.56pc or 126.50 points higher at 3681.10, after hitting day's high of 3691.65.
Ahead of election results the benchmark indices shot up despite weak IIP (Index of Industrial Production) date, which came in at 2.3 per cent. Huge buying in technology, banking, realty, telecom and infrastructure stocks supported the markets to show strong upsurge.
HDFC,
Wipro,
ICICI
Bank,
Bharti
Airtel,
Infosys,
Reliance
Industries,
Hindalco
and
BHEL
were
up
by
5-7.7
per
cent.
04:40
PM
NSE's Nifty touches 3,600 mark
At 13:20 hours IST, Sensex was trading at 11,887, up 205 points and the Nifty rose 49.5 points, to 3,604. After the consolidation in the first half of the trade, markets gained strength and extended gains.
The 50-share basket of National Stock Exchange's (NSE) Nifty touched the 3,600 mark while the Sensex moved towards the 11900 level.
Buying
interest
is
seen
in
technology,
banking,
oil
&
gas,
realty,
select
power
and
telecom
stocks.
However,
L&T,
HUL,
Hero
Honda,
SAIL,
Siemens,
Tata
Steel,
ACC
and
Grasim
were
still
under
pressure.
02:30
PM
Indices in green; Banking, tech gain
The BSE Sensex was trading at 11,727, up 44 points and the NSE Nifty was up 9 points, at 3,563, at 11:54 hours IST. However, broader indices were marginally down.
The
indices
are
quietly
trading
and
buying
was
seen
in
in
banking,
technology,
oil
marketing,
select
telecom
companies'
shares
and
in
stocks
like
ONGC,
BHEL,
ITC
and
NTPC.
Market
breadth
was
marginally
weak.
While
1,168
shares
declined
about
978
shares
advanced.
12:20
PM
Indian Markets open weak; volatile
Indian benchmark indices opened on a weak note and were trading with some volatility. At 9:56 am, the Sensex was down 25 points, to 11,657 and the Nifty fell 9 points, to 3,545. The CNX Midcap slipped 0.64 per cent, to 3,979.
Metal, realty and capital goods and select financial stocks are under pressure. Among the frontliners, Tata Steel, SAIL, Sterlite, Unitech, DLF, Ranbaxy, Tata Motors, Cipla, SBI, HDFC, Reliance Capital, L&T and BHEL were the losers. However, BPCL, Ambuja Cements, ONGC, Infosys, ICICI Bank and TCS were the gainers.
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