Mkts end higher; Infra stocks surge
Mumbai, Feb 10: Riding on the back of the positive global cues and budget expectations, Indian markets continued its upward rally for the second consecutive day.
The 30-share BSE Sensex closed 339.81 points or 2.25 per cent higher at 15,466.81. The 50-share NSE Nifty went up 2.25 per cent or 104.30 points, to settle at 4,655.25.
Surging 5.6 to 4 per cent Tata Power, Reliance Infrastructure, HDFC Bank, Ranbaxy Labs, ACC and Reliance Communication proved to be the top gainers.
The Nifty was supported by the strong trading in commodities and infrastructure.
And
Infrastructure
stocks
as
a
group
by
themselves
out
shined
the
others.
Cement
did
well
in
the
midcap
and
small
cap
arena.
4:43
PM
Markets continue upward rally
At 14.05 hrs IST, the Sensex was up 418.30 points or 2.77 pc at 15545.30, and the Nifty was up 119.90 points or 2.63 pc at 4670.85. About 1469 shares advanced, 1363 shares declined, and 311 shares were unchanged.
Indices
are
trading
strong
as
capital
goods,
power,
banks,
metals,
FMCG,
pharma
and
oil
&
gas
stocks
were
witnessing
strong
buying
interest.
02:40
PM
Markets strong; BSE Sensex tests 15,500
Huge buying is seen in metal, infrastructure, realty, auto, banking and oil & gas stocks leading the markets to extend the current rally. BSE Sensex surpassed the 15,500 level and the NSE Nifty was seen trading above 4,650 mark.
The 30-share Sensex shot up 376 points, to 15,503 and the Nifty rose 113 points, to 4,664. The market breadth was positive; about 1932 shares advanced while 864 shares declined. Nearly 346 shares were unchanged.
Bharti
Airtel
signed
managed
services
deal
with
Comviva,
the
stock
rose
just
0.5
pc.
The
company
said
Comviva
would
provide
value-added
services
solutions
for
3
years.
12:00
PM
Indices open strong; Nifty surpass 4,600
With the help of positive Asian cues, Indian stock markets opened strong and continued their uptrend for the second straight day. The broader indices and metal, infrastructure, realty and select financials are supporting the markets. Nifty crossed the 4,600 mark and the Sensex was moving towards the 15500 level.
At 9:57 am, the Sensex was up 328 points, to 15,455 and the Nifty rose 87 points, to 4,640. Among the broader indices, the CNX Midcap went up 1.9pc, to 5,676 and the BSE Smallcap Index gained 1.77pc at 6,295.
Cairn,
Tata
Steel,
Hindalco,
Sterlite,
L&T,
Sun
Pharma,
Reliance
Infrastructure,
ITC,
DLF,
Suzlon,
HDFC,
HDFC
Bank,
Unitech,
Reliance
Capital,
HCL
Tech
and
Reliance
Industries
were
helping
the
markets.
However,
SBI
was
the
loser.
10:20
AM
OneIndia News