Nifty ends above 5k mark; IT, banks gain

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Mumbai Stock Exchange
Mumbai, Sep 29: The Nifty closed strong above 5000 mark. Strong buying was seen in IT, pharma, oil &gas, banks, power, capital goods and metal stocks.

Reliance, Infosys, ICICI Bank, L&T, TCS and HDFC were the major contributors to the bourses.

The Sensex was up 159.91 points or 0.96 pc at 16852.91.It has touched an intraday high of 16,907.84 and an intraday low of 16,802.80.

The Nifty was up 42.30 points or 0.85 pc at 5001.25. It has touched an intraday high of 5020.25 and an intraday low of 4959.10.

Top gainers on the Sensex were Sun Pharma at Rs 1,390.85 up 6.09 pc, TCS at Rs 610.40 up 3.98 pc, ICICI Bank at Rs 864.80 up 3.12 pc, Wipro at Rs 582.50 up 2.71 pc and ONGC at Rs 1,186.15 up 2.49 pc.

However, top losers on the Sensex were SBI at Rs 2,090.85 down 2.26 pc, Grasim at Rs 2,788.80 down 1.6 pc, Jaiprakash Asso at Rs 234.15 down 1.35 pc, Reliance Comm at Rs 299.75 0.6 pc and Tata Motors at Rs 590.80 down 0.35 pc.
4:24 PM

Nifty trading strong; Infy, Wpiro, L&T gain

At 12.51 pm, the Nifty was trading strong with nearly one percent gain and was hovering around the 5000 mark.

Phama, oil & gas, banks and realty stocks witnessed good buying interest. Stocks like Reliance, Infosys, ICICI Bank, L&T and HDFC were the major contributors to the Sensex.

The Sensex was up 156.59 points or 0.94 pc at 16849.59, and the Nifty was up 42.40 points or 0.86 pc at 5001.35.

About 1896 shares advanced, 957 shares declined, and 355 shares were unchanged.

Top gainers on the Sensex were Sun Pharma at Rs 1,395 up 6.41 pc, TCS at Rs 610.55 up 4 pc, Wipro at Rs 583.50 up 2.88 pc, ICICI Bank at Rs 858.10 up 2.33 pc and Infosys at Rs 2,292.10 up 2.08 pc.

However, top losers on the Sensex were SBI at Rs 2,113. down 1.22 pc, Grasim at Rs 2,800 down 1.21 pc, Jaiprakash Asso at Rs 236.20 down 0.48 pc, Sterlite Ind at Rs 747.75 down 0.35 pc and ITC at Rs 234.25 down 0.21 pc.
1:28 PM

Mkts continue positive; Sensex up by 185 pts

At 10.40 am, the Nifty continued to trade strong and was holding the 5000 mark. The BSE Sensex gained over 200 points and was climbing towards the 16900 level. All the BSE sectoral indices were trading positive.

Buying was seen in Pharma, IT, banks, metal, realty, oil & gas and power stocks. Reliance, Infosys, ICICI Bank, TCS and Bharti Airtel were the positive contributors to the indices.

The Sensex was up 185.09 points or 1.11 pc at 16878.09, and the Nifty was up 53.55 points or 1.08 pc at 5012.50.

About 2022 shares advanced, 799 shares declined, and 387 shares were unchanged.

Out of the BSE Sensex 30 stocks only Grasim, ITC and Maruti Suzuki were trading in the negative terrain.

Top gainers on the Sensex were Sun Pharma at Rs 1,392.10 up 6.19 pc, ICICI Bank at Rs 859.55 up 2.50 pc, Wipro at Rs 580 up 2.27 pc, TCS at Rs 600.15 up 2.23 pc and Hindalco at Rs 128.95 up 1.82 pc.

Most active shares on NSE were Reliance, Bharti Airtel, HDFC, Tata Steel and IDBI Bank. The BSE midcap and smallcap indices were up over 1 pc each.
11:42 AM

Mkts open positive in early trade; Infy, RIL gain

At 9:56 am, the Nifty opened with good gains and breached the 5000 mark in the early trade. Strong buying was seen in realty, metal, IT, banks, pharma and power stocks.

Infosys, Reliance Power, Jindal Steel and Power, ICICI Bank, Sterlite Ind, Tata Steel and Bharti Airtel were among the major gainers. However, Grasim HUL, NTPC and Maruti Suzuki were trading weak.

The Sensex was up 202 points at 16895 and the Nifty was up 52 points at 5011.

Tech stocks were mostly higher, with the Nasdaq outperforming the broader indices. Bank stocks posted solid gains, with Bank of America up 3.7 pc and Citigroup up 4.3 pc.

Asian markets were trading higher. Nikkei was up 0.55 pc, Seoul Composite was up 0.78 pc, Straits Times was up 1.55 pc, Hang Seng was up 2.05 pc and Taiwan Weighted gained 1.71pc.
10:25 AM

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