The Nifty crossed the 4400 mark successfully while the Sensex inched towards the 15,000 mark. The 30-share BSE Sensex surged 254.56 points or 1.74 pc, to settle at 14,913.05, after seeing an intraday high of 14,945.85 and low of 14,499.74.
The 50-share NSE Nifty closed at 4,424.25, up 1.73pc or 75.40 points, after witnessing a day's high/low of 4434.45 and 4298.95, respectively.
Mkts choppy; Sensex up by 74 pts
At 01:05 pm, the markets were seeing some choppiness, ahead of the Union Budget. Buying in power, capital goods, financials, pharma stocks along with Bharti and HDFC was helping the benchmark indices.
However, selling in realty, FMCG stocks, and Infosys, Reliance Communication, Sterlite, Idea, Grasim, Hindalco, Jindal Steel and SAIL was putting some pressure. Reliance Industries and ONGC were volatile stocks.
The Nifty rose 20 points, to 4,368 and the Sensex gained 74 points, at 14,729. The market breadth was negative; about 543 shares advanced while 929 shares declined. The broader indices were quiet in trade.
In the midcap space, Shriram Transport, Monnet Ispat, Advanta, Anant Raj Industries and Puravankara Projects gained 5-6.7 pc while Rei Agro, GMDC, SKF India, Havells India and Jai Corp fell 3-5 pc.
In the smallcap space, Vishal Info, Kewal Kiran, Sanghi Industries, Premier and Pennar Inds went up 5-12.5 pc while Geefcee, Century Plyboard, Transport Corp, HBL Power and Swaraj Mazda slipped 5-8 pc.
Mkts volatile; metals, realty, steel dips
At 11:51 am, the benchmark indices were volatile in trade. Capital Goods, power, pharma, PSU banking and metal stocks along with Bharti and HDFC were witnessing buying interest. Reliance Industries was volatile.
However, selling in Infosys, ONGC, ITC, HUL, TCS, Sterlite, Hero Honda, Hindalco, Ambuja Cements, Idea and Unitech capped the gains.
The Sensex rose 55 points, to 14,714 and the Nifty gained 17 points at 4,365. The market breadth was mixed; about 561 shares advanced while 591 shares declined on the NSE.
In the capital goods space, Suzlon Energy, Alstom Projects, BHEL, L&T, Siemens and ABB were up 0.8-2 pc. In the power pack, Power Grid Corp, GVK Power, Tata Power, Lanco Infratech, NTPC, Reliance Infrastructure, Torrent Power and Reliance Power gained 1-2.9 pc.
Pharma stocks like Glenmark, Ranbaxy Labs, Biocon, Cipla, Sun Pharma, Dishman Pharma and Dr Reddys Labs went up 1-4%. In the banking space, Axis Bank, PNB, SBI, Bank of Baroda and Bank of India were up 1-2 pc. ICICI Bank was up 0.34 pc.
Mkts volatile; metals, realty, dips
The markets slipped in the early trade following weak global cues. Metal, realty and select technology stocks were under pressure. However, select infrastructure stocks were the gainers.
At 9:56 am, the Sensex was down 30 points, to 14,628 and the Nifty fell 12 points, to 4,336. The CNX Midcap fell 27 points, to 5,468 and the Nifty Junior was down 30 points, to 7,810. About 167 shares advanced while 396 shares declined on the NSE.
Among the frontliners, Cairn, Infosys, DLF, Sterlite, Tata Communication, ICICI Bank, Tata Motors, Hindalco, Tata Steel, SAIL and Unitech lost the ground. However, Ranbaxy, Bharti, L&T, BPCL, PNB, Reliance Power, Reliance Industries, HDFC and HUL were the gainers.