Sensex ends up 539 pts; Hindalco, NTPC gain

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Sensex up over 300 points, regains 17k level
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

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