GDP results: Indices end strong
Mumbai, May 29: On the first day of June series, Indian stock market showed a spectacular performance. The 30-share BSE Sensex surpassed the 14,700 during the day and touched an intraday high of 14,727.28, up 431.27 points. It closed 329.24 points or 2.3 pc higher at 14,625.25. The 50-share NSE Nifty surged 150.95 points to touch a high of 4488.05, before closing at 4448.95, up 2.58pc or 111.85 points.
Announcement of deregulation of oil prices and better-than-expected GDP (Gross Domestic Product) numbers helped the markets to remain on the stronger side.
Capital
goods,
power,
oil
&
gas,
metal,
realty,
auto,
telecom
and
technology
stocks
saw
heavy
buying
interest.
Positive
global
cues
too
added
momentum
to
the
markets.
04:40
PM
BSE Sensex, NSE Nifty surge
The Sensex was up 380 points, to 14,677 and the Nifty rose 131 points, to 4,468, at 13:42 hours IST. The BSE Midcap and the Smallcap indices gained 2.6-3 pc. ONGC, Reliance Industries, Bharti Airtel, SAIL, Cairn India, L&T, ICICI Bank and Infosys were leading contributors to the benchmark indices.
Top
gainers
were
ACC,
M&M,
Jaiprakash
Associates,
Tata
Steel,
ONGC,
Cairn
India,
BPCL
and
GAIL,
which
gained
6-10
pc.
03:15
PM
+ve GDP results; Indices trading high
At 12:19 hours IST, Indices are performing well after the Q4 GDP number are out. India's Q4 GDP grew to 5.8 pc as against 5.3 in last quarter. However, for FY09, GDP growth came in at 6.7 pc versus projection of 7.1 pc while the expectations were at 6.52 pc. The Sensex was trading above the 14600 level and the Nifty was trading above the 4450 level.
The 30-share BSE Sensex was up 372 points, to 14,668 and the Nifty rose 124 points, to 4,460, at 12:19 hours IST. The BSE Midcap and Smallcap indices gained 2.4-3 pc.
Shares
of
infrastructure
(capital
goods
+
power),
metal,
banking,
telecom,
realty
and
oil
&
gas
companies
were
witnessing
buying
interest.
M&M,
Jaiprakash
Associates,
ACC,
TCS,
DLF,
Unitech,
Siemens
and
Cairn
India
were
the
top
gainers.
01:05
PM
Benchmark Indices open green
Indian stock markets opened on a positive note and continued their rally for the third consecutive day. Telecom, power, banking and metal stocks are witnessing buying interest.
At 9:56 am, the Sensex was up 121 points, to 14,417 and the Nifty rose 29 points, to 4,366. Among the broader indices, the CNX Midcap was up 1.18pc, to 5,281 and the BSE Smallcap Index gained 1.5 pc at 5,898.
Cairn,
Suzlon,
Reliance
Communication,
Tata
Motors,
SAIL,
Bharti
Airtel,
Reliance
Power,
M&M,
L&T,
DLF,
HDFC,
NTPC,
ICICI
Bank
were
the
major
gainers
in
the
opening
trade.
But
ACC
and
Hero
Honda
are
under
pressure.
10:30
AM
OneIndia News