Sensex ends up 539 pts; Hindalco, NTPC gain
Mumbai, Dec 23: The benchmark Sensex witnessed spectacular rally post the Finance Minister's comments on GDP growth.
It surged 539 points while the Nifty rallied over 158 points in trade. It is the strongest session in the last 35 sessions.
The 30-share BSE Sensex has touched an intraday high of 17,252.09, before closing at 17,231.11, up 539.11 points or 3.23 pc over previous close.
The 50-share NSE Nifty jumped 3.18 pc or 158.75 points, to settle at 5,144.60, after seeing day's high at 5,150.60.
Hindalco Industries, NTPC , Sterlite Industries, Tata Steel and Reliance Industries (4.73%) were amongst the top Sensex gainers.
On the global front, European markets were trading 0.6-0.9 pc higher and US index futures were up 0.3-0.4 pc, at the time of closing of Indian equities.
Asian
markets
ended
higher;
Shanghai
was
up
0.76
pc
and
Hang
Seng
up
1.12
pc.
Straits
Times,
Kospi
and
Taiwan
Weighted
gained
0.35-0.6
pc.
Jakarta
rose
0.3
pc.
4:32
PM
Sensex
up
over
300
points,
regains
17k
level
At 12:26 pm, the Sensex surged over 300 points and hit the 17,000 mark. The Nifty was heading towards the 5,100 level as well.
The 30-share BSE Sensex was trading at 17,101, up 409 points and the Nifty was at 5,107, up 121 points.
The benchmark indices were outperforming the broader indices; the BSE Midcap Index was up 1 pc and the Smallcap was up 1.4 pc.
The
top
gainers
were,
Sterlite
Industries,
Infosys,
Reliance
Industries,
ICICI
Bank
and
SAIL
were
up
2.2-3
pc.
However,
only
Bharti
Airtel
was
down
among
the
largecaps.
1:17
PM
Nifty crosses 5,050 mark; all sectoral indices up
At 11:07 am, the Nifty crossed the 5,050 level on back of buying in all the sectors.
Metal, power, technology, oil & gas, banking and realty were prominent sectors in rally; respective indices gained 1-2 pc.
The 30-share BSE Sensex was trading at 16,958, up 266 points and the Nifty was at 5,066, up 81 points.
The market breadth was positive; about 1,991 shares advanced while 871 shares declined on the BSE. Nearly 576 shares were unchanged.
In the midcap space, Gujarat NRE Coke, Emami, Indian Bank, Sobha Developer and Prakash Industrise were up 3.4-5.6 pc.
Rei Agro, Mahindra Holiday, Shree Cements, Corporation Bank and Novartis India fell 1-2 pc.
In
the
smallcap
space,
Hinduja
Venture,
Jolly
Boards,
Usha
Martin,
JSW
Holdings
and
Action
Construction
gained
7.5-12
pc
while
Zodiac
Clothing,
Seamec,
GMR
Industries,
Aegis
Logistics
and
Shristi
Infra
lost
3-6
pc.
11:42
AM
Nifty back above 5000; ICICI, Infy gain
The Sensex started the day on a positive note. The Nifty has touched the 5,000 mark on the back of buying in across all sectors.
At 9:56 am, the Nifty was trading at 5,015, up 29 points and the Sensex was at 16,781, up 89 points.
The CNX Midcap Index gained 39 points to 7,264, as about 600 shares advanced while 100 shares declined on the NSE.
Among the frontliners, ICICI Bank, Infosys, Suzlon, NTPC, Reliance Power, SAIL and Unitech were gainers in early trade. However, ITC, Grasim, ONGC and HUL fell.
Asian
markets
were
trading
higher.
Shanghai,
Straits
Times
and
Taiwan
were
up
0.4-0.5
pc.
Kospi,
Hang
Seng
and
Jakarta
were
flat.
Nikkei
was
shut
today.
10:25
AM
OneIndia News