Mumbai, Feb 17: After seeing weak trading during the past ten sessions, Nifty rallied and closed above the psychological 4900 mark. The markets saw a good day on buying in metal banking, infrastructure, FMCG and auto stocks.
The 30-share BSE Sensex closed at 16428.91, up 202.23 points or 1.25 per cent and the 50-share NSE Nifty went up 58.25 points or 1.2 per cent to 4914. The broader indices were also up 0.6 to 0.8 per cent.
Heavyweights Reliance Industries and Bharti Airtel were the leading gainers. Tata Steel also was the top gainer on consolidated third quarter numbers of FY10.
4: 29 PM
Sensex gains 125 pts; buying in metal, auto
Markets continue the rally riding on buying in metal, banking, capital goods and auto stocks along with heavyweights Reliance Industries, Bharti Airtel & HUL, along with the 0.5 to 1 per cent rise in European markets.
At 2 pm, BSE Sensex was trading at 16351, up 125 points and NSE Nifty was at 4890, up 35 points.
The top gainers were Tata Steel up 5.77 per cent; Hindalco up 4.58 per cent; Sterlite Industries up 2.94 per cent; Bharti Airtel up 2.09 per cent, HDFC Bank up 1.82 per cent; Axis Bank up 3.59 per cent and Siemens up 2.50 per cent.
Tata Steel, Ruchi Soya, VIP Industries, Bharti Airtel, Reliance Industries, ICICI Bank and Hindalco were the most active shares.
But the gains were erased by profit booking in technology and realty stocks along with ONGC, NTPC, Cipla, Ambuja Cements, Idea Cellular, BPCL, Ranbaxy and Suzlon Energy.
Top Midcap gainers were Eicher Motors, Godrej Industries, Videocon Industries, Educomp Solutions and Monsanto India, up 4.5 to 9 per cent.
The losers were Sun Pharma Advanced, Birla Corp, Shriram City, Indiabulls Real and Bharat Forge declined 2.5 to 3.7 per cent.
While Amtek India and Indo Tech Transformers, Numeric Power, Elpro Int and JK Cement were smallcap gainers, Thinksoft, Nirlon, KLG Systel, Cholamandalam and Maharashtra Polybutenes lost.
2: 34 PM
Asian cues support mkts, RIL, Bharti Airtel lead
The benchmarks are gaining support from strong Asian cues. Nifty was holding the 4900 mark after nine weak sessions. At 11: 27 am, BSE Sensex was trading at 16462, up 236 points and NSE Nifty was at 4925, up 69 points.
The markets are being led by Reliance Industries, ONGC, Bharti Airtel, Tata Steel, SAIL, Sterlite Industries, HDFC Bank, L&T, HUL and SBI, while Tata Steel, Adani Power, VIP Industries, Mahindra Satyam, Bharti Airtel, ICICI Bank, Reliance Industries and Hindalco are the most active in trading.
Tata Steel and Hindalco continued rally and gained 4 to 5 per cent. Among the other gainers were SAIL up 2.7 per cent and Jindal Steel up 1 per cent.
As crude oil shot up nearly 4 per cent, Reliance Industries, ONGC and Cairn India from the oil & gas pack are enjoying a surge of 1 to 2 per cent.
After two day fall, Bharti Airtel continued to gain, was trading up 2.6 per cent.
In the banking segment, Axis Bank and HDFC Bank rose 2.7 per cent each while SBI and ICICI Bank were up over 1 per cent.
Godrej Industries, Videocon Industries, Ruchi Soya, OnMobile Global and Monsanto India were the midcap gainers, Birla Corp, Bharat Forge, Jain Irrigation, Sun Pharma Advanced and Blue Dart lost.
In the smallcap space, Indo Tech Transformers, JK Cement, Garware Offshore, Elantas Beck and Numeric Power gained, while Kiri Dyes Chemical, Thinksoft, Koutons Retail, Jindal Cotex, and Nirlon lost.
12: 04 PM
Mkts open green; metal, realty, auto, banking up
Positive global cues and buying across all sectors have helped the Indian markets to open the day on a positive note.
Buying was seen in metal, realty, auto, banking and capital goods were the major gainers. New F&O stocks rallied 3 to 6 per cent.
At 9:02 am, NSE Nifty was trading at 4901, up 46 points and BSE Sensex was at 16393, up 164 points.
Riding on the good consolidated third quarter FY10 numbers, Tata Steel rose 3 per cent. Other frontline gainers were Hindalco,Sterlite Industries, L&T, HDFC, M&M, Cairn India, Maruti Suzuki and Tata Motors.
Bharti Airtel gained 3 per cent after falling for two consequtive sessions.
In the midcap and smallcap space, Jaiprakash Associates and Shree Cement were up 0.7 to 1.4 per cent as the cement prices will be going up on Feb 18.
Starting from Feb 19, NSE will be putting 11 stocks on its F&O segment. They are Adani enterprise, Apollo Tyres, Areva T&D, BGR energy, Fortis Healthcare, Godrej Industries, Jain Irrigation, Mcleod Russel, Mundra Port, Onmobile Global and Videocon Industries. These stocks were trading up 3 to 6 per cent.
Fame India was up 5 per cent.
Among the losers Shree Ashtavinayak fell 4 per cent, Hexaware lost 3 per cent, and Thinksoft Global was locked at 20 per cent lower circuit for the second consecutive day.
The global cues were postive as Asian markets are trading higher and US markets closed after seeing a 3 per cent gain.
9: 53 AM