Mkts continue rally for 4th session, end higher
Mumbai, Nov 9: The benchmarks continued the rally for the fourth day. BSE Sensex shut shop at 16,498.72, up 340.44 points or 2.11 per cent and NSE Nifty gained 102.25 points or 2.13 per cent, to end at 4,898.40, after seeing a day's high of 4,905.25.
The indices have shot up over 7 per cent in four days.
Heavyweight Reliance Industries and ITC gained 3.5 to 4.5 per cent.
The gainers on the Nifty included Metal, realty, capital goods, auto, power, oil & gas and technology stocks and only five stocks like Bharti Airtel, Reliance Communications, Sterlite, HUL and Ambuja Cements were the losers.
The
Asian
markets
also
ended
the
day
higher.
4:19
PM
Nifty climbs towards 4900; FMGC, metal support
Heavy buying in banking, metal, oil & gas and FMCG stocks continued to support the markets while Nifty climbed towards the 4900 mark.
At 1: 34 pm, Sensex was up 241.13 points or 1.49 per cent at 16399.41, and the Nifty was up 81.40 points or 1.70 per cent at 4877.55.
However, telecom stocks were under pressure.
Reliance at Rs 2,021.35 up 3.30 per cent, ITC at Rs 256.50 up 3.20 per cent, Tata Power at Rs 1,310.20 up 3.04 per cent, ICICI Bank at Rs 871.55 up 2.69 per cent and SBI at Rs 2,261.65 up 2.61 per cent, were the top gainers.
Cigarette major ITC was trading at Rs 256.50 up 3.2 per cent.
The losers were Bharti Airtel at Rs 308.75 down 3.49 per cent, Reliance Comm at Rs 174.05 down 2.22 per cent, HUL at Rs 271.10 down 0.7 per cent and BHEL at Rs 2,220 down 0.07 per cent.
Reliance, SBI, ICICI Bank, Unitech and HDIL were most active shares on NSE.
Among the Midcaps, Jai Corp, Central Bank, Sobha Developer, Thomas Cook and Hotel Leela up 6 to 20 per cent were the top gainers.
And
in
the
Smallcap
arena,
surging
9
to
15
per
cent,
Orbit
Corporation,
Gulf
Oil
Corp,
KPIT
Cummins,
Kalyani
Steels
and
IVR
Prime
proved
to
be
gainers.
1:
58
PM
Cautious trading puts mkts on consolidation mode
At 11:43 am, the benchmark indices were in consolidation mode as the trading moved on a cautious note after three days of rally. Sensex was down 9 points at 16,148 and the Nifty fell 5 points at 4,791. The broader indices were outperforming the benchmark indices and were up 0.4 to 1 per cent.
Telecom, technology, capital goods, realty, cement and select power stocks were putting pressure on the markets. ONGC and HUL were the other losers.
However, the markets were gaining support from heavyweights such as Reliance Industries and ITC and buying continued in metal, banking & financial, select auto and pharma stocks.
In the telecom pack, Bharti Airtel and Reliance Communications slipped 3 to 4 per cent. Tata Communications, Tata Teleservices and MTNL lost 1.7 to 2.7 per cent and Idea Cellular declined 1.29 per cent.
In realty, Unitech, Parsvnath, DLF and Indiabulls Real slipped 1.7 to 2.7 per cent while in the power space, Suzlon Energy was down 3 per cent, GVK Power, Reliance Infrastructure, Reliance Power, Power Grid Corp and Adani Power dipped 1 to 1.2 per cent.
Among the Capital goods stocks, BHEL, Punj Lloyd and L&T fell 0.7 to 1.5 per cent.
In the IT sector, HCL Tech, Infosys, TCS and Wipro slipped 0.4 to 1 per cent.
On
the
positive
note,
JSW
Steel,
Sesa
Goa,
Hindustan
Zinc,
Jindal
Steel,
Tata
Steel,
SAIL
and
NALCO
were
up
by
0.5
to
2
per
cent
in
the
metal
space.
Banking
stocks
like
Axis
Bank,
PNB,
Kotak
Mahindra,
Bank
of
Baroda
and
SBI
gained
1
to
2.4
per
cent.
HDFC
Bank
gained
0.89
per
cent
and
ICICI
Bank
was
up
by
just
0.14
per
cent.
12:
30
PM
Mkts open green on buying in IT, telecom, pharma
Riding on buying in metal (rallied on the back of gain in base metals), banking, select oil & gas, telecom, pharma and technology stocks, the Indian markets have opened the week on a positive note.
At 9:56 am, BSE Sensex was up 87 points at 16,245 and NSE Nifty moved up 25 points at 4,820. The CNX Midcap went up 0.8 per cent to 6,893.
The frontliners and the heavyweights leading the markets were Ranbaxy Labs, Suzlon Energy, DLF, Bharti Airtel, SAIL, Tata Steel, Jaiprakash Associates, PNB, SBI, BPCL, HCL Technologies, Idea Cellular, Hindalco, Sterlite, Reliance Industries and Cipla.
However the early losers were Reliance Communications, ONGC and Unitech.
Among
the
midcaps,
Maytas
Infra
gained
nearly
9
per
cent,
Edserv
Softsystems
shot
up
7
per
cent,
Deccan
Chornicle
and
TV
Today
gained
3
per
cent,
NMDC
surged
7
per
cent,
ITI
went
up
2.5
per
cent,
Apollo
Tyres
was
up
3
per
cent
and
HCC
went
up
3.5
per
cent.
However,
Educomp
dipped
1
per
cent.
10:
21
AM
OneIndia News