Buying, +ve cues help Sensex end 188 pts higher
Mumbai, Feb 16: In the last one hour of trade, Sensex rallied over 180 points on buying interest and positive global cues. The uptrend across sectors also helped the Nifty gain.
Auto, technology, metal, capital goods, banking and realty were the major gainers.
The BSE Sensex shut shop at 16,226.68, up 188.33 points and NSE Nifty ended at 4855.75, up 53.80 points
The day's losers were HDFC Bank, Hero Honda, HCL Tech, Axis Bank, Jindal Steel and Unitech.
The
biggest
loser
tag
remained
with
Bharti
Airtel
by
pluging
5.5
per
cent,
after
a
massive
9
per
cent
fall
on
Monday,
Feb
16.
4:11
PM
Benchmarks gain on buying interest, European cues
Gaining support from the buying interest in oil & gas, metal, technology, pharma, capital goods, auto (4-wheeler), cement, power, FMCG and select banking stocks, Nifty is inching up towards 4850 mark.
The benchmarks also gained surrport from the 1 per cent surge in European markets.
At 2: 05 pm, the 30-share BSE Sensex was trading at 16166, up 127 points and the Nifty was at 4838, up 37 points. The broader indices were also trading in the positive territory.
In the banking space, SBI was up 1.2 per cent, ICICI gained 1.5 per cent, PNB rose 0.6 per cent. Hoever, HDFC Bank dipped 0.8 per cent and Axis Bank declined 0.33 per cent.
In the oil & gas space, ONGC, Reliance Industries, BPCL, GAIL and Cairn India went up 0.6 to 1.6 per cent.
In the IT segment, Infosys, Wipro and TCS gained 0.6 to 1.2 per cent.
Among the metals, SAIL, Tata Steel, Hindalco and Sterlite Industries went up by over 1.5 per cent while Jindal Steel was down 0.3 per cent.
The
gainers
in
the
capital
goods
segment
were
ABB,
L&T,
Siemens
and
BHEL,
up
0.6
to
1.9
per
cent.
2:
42
PM
Nifty hovering at 4800; Bharti further dips 3.7 pc
Despite the buying in capital goods, power, pharma, FMCG, auto, metal and select banking stocks , Nifty is hovering around the previous closing value.
The gains were limited due to the selling in HDFC Bank, Reliance Industries, Jindal Steel, Axis Bank, Unitech, Wipro, Hero Honda, PNB, Reliance Communications, Ambuja Cements and Jaiprakash Associates.
After pluging almost 9 per cent in the previous session, Bharti Airtel continued its downtrend by dipped 3.7 per cent even as the news of the company offering USD 10.7 billion to buy Zain's assets in Africa came to light.
At 11: 51 am, BSE Sensex was trading at 16066, up 28 points and NSE Nifty was at 4805, up 3.5 points.
In the midcap-smallcap arena, Bharat Forge, Jain Irrigation, Bayer Cropscience, Asian Star and Hindustan Oil Exploration were midcap gainers (up 2.6-2.9 per cent) while Varun Industries (up 12.88 per cent), Ahmednagar Forging, Gujarat Alkalies, Sunflag Iron and Cholamandalam (up 6.5 to 10 per cent) were trading strong among the smallcaps.
On
the
losing
side
were,
Deccan
Chronicle,
UB
Holdings,
Indiabulls
Real,
OnMobile
Global
and
Blue
Dart
(down
3
to
4
per
cent)
on
the
midcaps,
while
Thinksoft
was
locked
at
20
per
cent
lower
circuit,
Solvay
Pharma
was
down
11.93
per
cent,
KRBL,
Kewal
Kiran
and
Graviss
Hosp
declined
5
to
6.5
per
cent
among
the
smallcaps.
12:
10
PM
Mkts open green on buying interest
After trading in the red during most of the Monday, Feb 15 session, Nifty opened the day on a positive note on buying interest in metal, select banking, capital goods, auto and power stocks.
At 9:02 am, NSE Nifty was trading at 4817, up 15 points and BSE Sensex was at 16104, up 66 points. The CNX Midcap went up 20 points to 7269 and the BSE Smallcap rose 42 points at 8315.
The markets were trading amid volatility due to selling in Infosys, HDFC, Hero Honda, Bharti, HDFC Bank and PNB.
Sterlite Industries, Tata Motors, DLF, Jaiprakash Associates, Jindal Steel, Axis Bank, HUL, Cipla, SAIL, SBI and NTPC were the early fronline gainers, while Hero Honda, PNB, Idea Cellular and Siemens were also seeing selling pressure.
The
Asian
markets
are
shut.
Nikkei
and
Kospi,
which
are
the
only
ones
open,
are
in
the
green
as
they
gained
0.5
per
cent
and
0.8
per
cent,
respectively.
9:
50
am
OneIndia News