Nifty ends above 4900; RIL, Bharti top gainers
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
OneIndia News