Indian markets close higher; Sensex above 9200
Mumbai, Jan 28: Indian stock market benchmark indices continued to rally higher and ended on a strong note led by short covering, ahead of expiry of Jan series. The strong global markets also lend support to the markets. The Sensex closed the session above 9200 while the Nifty has touched 2850 in late trade. Broader indices also followed the same trend.
The
30-BSE
Sensex
ended
with
a
gain
of
253.39
points
or
2.81
per
cent
at
9,257.47
and
the
Nifty
closed
the
day
near
to
2850,
up
2.82
per
cent
or
78.15
points
at
2849.50.
04:00
PM
Strong European Markets; Indices rallying higher
The Sensex gained 163 points at 9,167 and the Nifty went up 51 points to 2,822, at 2:10 hours IST after witnessing strong opening of the European markets. BSE Midcap and Small cap indices rose 0.7-1 per cent.
Lead
players
are
Reliance
Industries,
ONGC,
ICICI
Bank,
SAIL,
L&T,
ITC,
Wipro,
Infosys,
HDFC,
Ranbaxy
and
HDFC
Bank.
However,
Reliance
Communication,
BHEL,
Maruti,
Sterlite,
Suzlon
and
BPCL
are
only
stocks
under
pressure.
03:10
PM
Indices trading higher as banking, oil stocks lead
With support from the oil & gas, banking, technology, cement, realty, auto, select power and metal stocks the Indian benchmark indices are trading higher. The Nifty is hovering around the 2800 mark while the Sensex is close to 9100 levels.
The Sensex went up 86 points to 9,090 and the Nifty rose 27 points to 2,798, at 10:40 hours IST. BSE Midcap and Small cap indices gained 0.7 per cent each.
The
majors
trading
well
are
Grasim,
Tata
Motors,
ACC,
Wipro,
ONGC,
Zee
Entertainment,
Unitech
and
SAIL,
while
Reliance
Communication,
Bharti
Airtel,
Reliance
Infrastructure,
NTPC
and
Tata
Steel
are
losers.
11:40
AM
Positive global cues; Nifty up by 0.72 pc
Taking positive cues from the global markets the markets open green. At 9:56 am, Bombay Stock Exchange"s Sensex was at 9078.15, up 74.08 points and National Stock Exchange"s Nifty was at 2793.45, up 22 points.
The Asian markets too are on high afer an extended weekend. Nikkei was up 0.72 per cent. Meanwhile the US markets ended higher for the third straight session as encouraging results by American Express offset poor consumer data.
The
Dow
Jones
industrial
closed
up
0.72
per
cent,
S&P
500
was
up
1.09
per
cent
and
Nasdaq
Composite
Index
was
up
1.04
per
cent.
As
it
was
Lunar
New
Year,
no
trading
happened
in
China,
Taiwan
and
Hong
Kong
markets.
10:00
AM
OneIndia News (With inputs from Agencies)