Nifty ends higher; Suzlon, Jaiprakash gain

Mumbai, Nov 6: The Nifty ended higher for the third consecutive day on the back of buying in banking & financial, metal, realty and oil & gas stocks along with L&T.

The 30-share BSE Sensex closed at 16,158.28, up 94.38 points or 0.59 pc, after seeing a swing of 208 points between day's range of 16,075.19-16,283.86.

The 50-share NSE Nifty witnessed 71 points swing, before closing at 4796.15, up 0.64 pc or 30.60 points.

The broader indices outperformed the benchmark indices, gained 2.25 pc each. The market breadth was strong; about 2,108 shares advanced while 884 shares declined on the BSE. Nearly 774 shares remained unchanged.

Suzlon Energy was the star for the second day in a row on the back of debt restructuring plan. It surged another 6.6 pc on good volumes.

Jaiprakash Associates was the second biggest gainer on the NSE, up 5.6 pc. However, Idea Cellular and Tata Power were the top losers, lost 5 pc and 4 pc, respectively.
4:33 PM

Mkts continue positive; HUL, BHEL gain

At 12:08 pm, the Nifty remained positive and was hovering around the 4,800 mark. Selling in HUL, BHEL, Idea Cellular, ITC, Tata Power and Ambuja Cements limited the gains to some extent.

The Sensex rose 164 points to 16,227 and the Nifty gained 51 points at 4,817.

All the sectoral indices were in the green barring FMCG; the BSE Realty, Metal and Bank indices gained 2-2.8 pc. Auto, Capital Goods, Power, Oil & Gas and Healthcare indices were up 1-1.7 pc. However, FMCG index fell 0.3 pc.

Top percentage gainers - MMTC, Indo Borax, Sirpur Paper, Madhucon Projects, STC India, Rashtriya Chemical and National Fertilisers moved up 12-14.5 pc.

Top percentage losers - Madhusudan Sec, Terai Tea, Arvind Chemical, Sarda Plywood, Sharyans Res, Alkyl Amines, Centum Electron, Rajvir Ind and GKW fell 4.5-9 pc.
1:34 PM

Sensex trading higher; broader indices outperform

At 11:01 am, the Sensex remained higher for the third consecutive day led by buying interest in banking & financial, realty, capital goods, power, metal and pharma stocks.

The 30-share BSE Sensex gained 163 points at 16,225 and the Nifty was up 54 points at 4,819. The broader indices were outperforming the benchmark indices, gained 2 pc each.

The market breadth was positive; about 1,091 shares advanced while 119 shares declined on the NSE.

In the largecaps, Suzlon Energy shot up 7 pc. Ranbaxy Labs, Reliance Infrastructure, DLF, Tata Steel, SBI and Jaiprakash Associates moved up 3-4 pc.

In the midcap space, Rashtriya Chemical, National Fertilisers, STC India, Reliance Industrial Infra and Jai Corp gained 10-14 pc.

In the smallcap space, Madhucon Projects, Fresenius Kabi, JSW Holdings, Hindustan Organic Chemical and Fem Care Pharma went up 9-13 pc.
12:07 PM

Nifty trading above 4800 on positive global cues

The Nifty started the day on a positive note following good global cues. It was trading above the 4,800 mark.

At 9:56 am, the Sensex rose 178 points to 16,242 and the Nifty gained 55 points at 4,820. The CNX Midcap went up 84 points to 6,776. About 652 shares advanced while 44 shares declined on the NSE.

Among the frontliners, Suzlon Energy, Jaiprakash Associate, Unitech, DLF, Tata Steel, Sterlite, Hindalco, Jindal Steel & Power, Siemens, Reliance Infrastructure and Reliance Industries were helping the markets. However, HUL was the loser.

Asian markets were trading higher. Hang Seng, Straits Times, Kospi and Jakarta gained 1-1.7 pc. Nikkei and Taiwan Weighted went up 0.9 pc each. Shanghai gained 0.6 pc.
10:22 AM

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