Sensex ends up 91 pts; metals, realty gain
Mumbai, Dec 22: The Sensex recovered around two-third of its Monday's Dec 21, losses on firm global cues.
Metal, banking, realty, power and telecom were the leading sectors in trade today along with heavyweight Reliance Industries.
The Nifty could not able to cross the 5,000 mark, because selling in cement stocks, and ONGC, TCS, HDFC Bank, Ranbaxy and HUL limited the gains.
The 30-share BSE Sensex closed at 16,692, up 90.80 points or 0.55 pc and the 50-share NSE Nifty rose 0.67 pc or 33.25 points, to settle at 4,985.85.
The broader indices outperformed the benchmark indices, up 0.8-1 pc, as the market breadth was 2:1 on the NSE.
Global cues remained positive; European markets were trading 0.4-1 pc higher and US index futures were up 0.3-0.5 pc, at the time of closing of Indian equities.
Asian
markets
ended
higher
barring
Shanghai;
Nikkei
rallied
1.91
pc.
Jakarta
and
Straits
Times
went
up
1.3-1.5
pc.
Hang
Seng,
Kospi
and
Taiwan
Weighted
gained
0.7-0.9
pc.
However,
China's
Shanghai
fell
2.3
pc.
4:18
PM
Sensex trading higher; Bharti, SAIL gain
At 01:30 pm, continuous buying in telecom, metal, banking, power, realty and select auto stocks along with heavyweights RIL & L&T was helping the Sensex to maintain about 100 points
However, selling in select stocks like technology, cement stocks along with ONGC, BHEL and Ranbaxy Labs capped the gains to some extent, which was also adding some volatility.
The 30-share BSE Sensex was trading at 16,703, up 102 points and the Nifty was at 4,985, up 32 points.
European markets were also trading higher in early trade.
Top percentage gainers were Umang Dairies, Pacific Industries, Aegis Logistics, NESCO, Salzer Electronic, Jayant Agro-Org, Glodyne Techno and Batliboi were up 10-17 pc.
Top
percentage
losers
were
Zandu
Pharma
tanked
15.61.
Mavens
Biotech,
Rungta
Irrig,
Raghuvir
Synth,
Emami,
Havells
India,
Greenply
Industries
and
Lotus
Eye
Care
fell
5-10
pc.
2:28
PM
Nifty
volatile;
ONGC,
TCS,
BHEL
dip
At
11:07
am,
the
Nifty
continued
to
see
volatility
today
as
well.
Buying
in
banking,
realty,
metal,
telecom,
power
and
select
auto
stocks
was
supporting
the
markets
to
trade
on
the
higher
side.
The volatility was due to selling in ONGC, TCS, BHEL, Sun Pharma, Grasim and Siemens. Reliance Industries was also the loser.
The 30-share BSE Sensex was trading at 16,676, up 75 points and the Nifty was at 4,975, up 23 points.
The broader indices were outperforming the benchmark indices, up 1-1.2%, as about 959 shares advanced while 234 shares declined on the NSE.
In the midcap space, Nava Bharat Ventures, Wockhardt, Cadila Health, Bank of Maharashtra and Glenmark were up 4-6 pc while Emami, Havells India, Asian Star, Piramal Health and Jain Irrigation fell 2-7 pc.
In
the
smallcap
space,
Aegis
Logistics
gained
11.63
pc,
as
the
company's
board
approved
acquisition
of
100
pc
equity
capital
of
Shell
Gas.
11:32
AM
Sensex bounces back on positive global cues
The Sensex bounced back on the back of positive global cues. Realty, banking, metal, telecom and select infrastructure stocks were seeing buying interest.
At 9:56 am, the Nifty rose 29 points to 4,982 and the Sensex was trading at 16,699, up 98 points. The CNX Midcap gained 63 points at 7,221. About 814 shares advanced while 97 shares declined on the NSE.
Among the frontliners, DLF, Unitech, Hindalco, IDFC, Reliance Power, Suzlon Energy, Axis Bank, ICICI Bank and Reliance Capital were gainers. Heavyweight Reliance Industries was also up.
However, ONGC, BHEL and ITC were losers in early trade.
Asian
markets
were
trading
higher
barring
Shanghai.
Hang
Seng,
Jakarta,
Nikkei,
Straits
Times
and
Taiwan
Weighted
gained
around
1
pc.
Kospi
rose
0.4
pc.
SGX
Nifty
went
up
0.57
pc.
However,
Shanghai
fell
0.6
pc.
10:18
AM
OneIndia News