Nifty ends at 30-month high on global cues, buying
Mumbai, Aug 9: Riding on global cues and buying in infrastructure, realty, metal, technology, telecom, auto and select financial companies' shares, benchmark Nifty shut shop at a new 30-month high.
The 50-share NSE Nifty closed at settle at 5,486.15, up 46.90 points or 0.86 per cent higher and 30-share BSE Sensex shut shop at 18,287.50, up 143.51 points or 0.79 per cent.
BSE
Realty
Index
rallied
4.5
per
cent
as
realty
shares
like
Unitech
surged
6.5
per
cent.
Among
the
financials,
ICICI
Bank
gained
3.2
per
cent,
SBI
rose
1.2
per
cent,
and
HDFC,
IDFC,
Kotak
Mahindra
Bank
and
PNB
went
up
1
to
1.8
per
cent.
In
IT
segment,
TCS
rose
1.75
per
cent,
Wipro,
Infosys
and
HCL
Tech
were
up
0.4
to
1
per
cent.
4:
20
PM
Markets gained on positive European cues
At 1:15 pm, the benchmark Sensex gained more than 100 points post positive European cues.
European markets like France's CAC, Britain's FTSE and Germany's DAX were at 1-1.5pc and Shanghai closed 0.5pc higher.
ICICI Bank, Bharti, SBI, DLF, NTPC, HDFC and BHEL were the leading shares.
Market was dragged by oil & gas, selected technology, healthcare companies, HDFC Bank & ITC
The Sensex was at 18255, up 111 points and the Nifty was at 5475, up 35.7 points. The BSE Midcap Index was up 1.1pc and Smallcap up 1.5pc. and the Nifty August future was trading at 8 points discount.
Top gainers Unitech was at Rs 88.15, up 3.71pc; DLF was at Rs 318.85, up 3.62pc; ICICI Bank was at Rs 977.50, up 2.92pc; Reliance Communications was at Rs 177.25, up 2.58pc; Power Grid Corp was at Rs 101.90, up 2.36pc; Bharti Airtel was at Rs 328.50, up 1.92pc and Jindal Steel was at Rs 636.30, up 1.74pc.
Jubilant Foodworks, Tide Water Oil, Midfield Inds, Reliance Inds, BF Utilities, ICICI Bank, Tata Motors and DLF were the most active shares on exchanges.
In the midcap space, Jubilant Foodworks shot up 12.5pc. OnMobile Global, Sadbhav Engg, TVS Motor and IBN18 Broadcast gained 5-6pc while KGN Industries, Britannia, Edelweiss Capital, Atlas Copco and Aurobindo Pharma lost 1.35-7.5pc.
In
the
smallcap
space,
Rain
Commodities,
REI
Six
Ten,
BL
Kashyap,
Raymond
and
Garware
Offshore
surged
11.5-15.7pc
while
Sarasind,
Maharashtra
Ele,
Bhagwati
Banquet,
Well
Pack
Paper
and
Sanghi
Inds
fell
4.5-6pc.
2:15
pm
Senex gains further; ICICI Bank, ACC, SBI lead
At 10:34 am, the benchmark Sensex gained further to 0.5pc led by capital goods, metal, cement, telecom, realty, PSU power and select financial companies' shares along with ONGC and ITC.
The Sensex was at 18208, up 64 points and the Nifty was at 5458, up 20 points.
The BSE Midcap Index was up 0.8pc and the Smallcap was up 1.2pc.
Top gainers were Unitech at Rs 87.85, up 3.35pc; DLF was at Rs 316.25, up 2.78pc; ICICI Bank was at Rs 967.75, up 1.89pc; Power Grid Corp was at Rs 101.30, up 1.76pc; Kotak Mahindra was at Rs 822.60, up 1.36pc; ACC was at Rs 834.40, up 1.16pc; SBI was at Rs 2,644, up 0.92pc and Jindal Steel was at Rs 630.95, up 0.89pc.
The most active exchangers were Jubilant Foodworks, Tide Water Oil, Tata Motors, Gitanjali Gems, BF Utilities, ICICI Bank, Reliance Inds and Unitech.
In the midcap space, Jubilant Foodworks, Puravankara Projects, Sadbhav Engg, Godrej Properties and Gujarat Flourochem rallied 4-6.5pc while KGN Industries, Essar Shipping, Atlas Copco, Dish TV India and Edelweiss Capital lost 2-2.5pc.
In
the
smallcap
space,
REI
Six
Ten,
Garware
Offshore,
Vascon
Engg,
Dunlop
India
and
Lok
Housing
shot
up
7-16pc
while
Maharashtra
Ele,
Nectar
Life,
Well
Pack
Paper,
Sarasind
and
Graviss
Hosp
fell
4-5pc.
11:43
am
Nifty trading green; ONGC, ABB gain
At 9:01 am, the benchmark Nifty opened flat in Asian markets. Breadth was strong due to upside in midcap and smallcap stocks.
Sensex was at 18179, up 35 points and the Nifty was at 5451, up 12 points.
The
CNX
Midcap
rose
26
points
to
8572.
NSE
shared
643
advanced
while
177
shares
declined
Frontliners,
ONGC,
Power
Grid,
ABB,
M&M,
Tata
Motors,
L&T,
IDFC,
ICICI
Bank,
DLF
and
SBI
were
gainers.
Market was dragged by Ambuja Cements, Infosys, Wipro, TCS, Bharti and Reliance Industries
Midcap & Smallcap space: Essar Shipping was down 2pc on profit booking. VLS Finance shot up 20pc.
GMR Infrastructure gained 1pc, as its Q1 profit after tax jumped to Rs 28.44 crore from Rs 22.53 crore. Reliance MediaWorks rose 5pc as its Q1 loss declined to Rs 53.6 crore from Rs 63 crore.
Gammon
Infra
went
up
1.8pc
and
KSK
Energy
rallied
6pc,
as
PAT
surged
69pc
to
Rs
80.8
crore.
9:38
am
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