Markets end on a strong note
Mumbai, Feb 13: The benchmark indices have rebounded smartly on the back of support from positive global cues and ended the last day of a week on a strong note. The support has seen from capital goods, power, banking, metal, oil&gas and realty stocks. Midcap and small cap stocks also followed the same trend; wherein media stocks witnessing good buying interest while railway related stocks declined after Railway budget.
Biggest contributors in today's gain were Reliance Industries, BHEL, NTPC, ONGC, SBI, Reliance Communication, ICICI Bank, Power Grid, SAIL, L&T, ACC, M&M and Tata Steel. However, only 7 out of 50 stocks ended in red like Sun Pharma, ABB, GAIL, Infosys, Ambuja, Cements, HCL Tech and Ranbaxy Labs.
The
50-share
NSE
Nifty
has
crossed
2950
during
the
day
and
touched
an
intraday
high
of
2969.75.
It
closed
at
2948.35,
up
1.91
per
cent
or
55.30
points
over
previous
close.
The
30-share
BSE
Sensex
was
up
168.91
points
or
1.78
per
cent,
to
settle
at
9,634.74.
4.38
PM
Media, railway stocks buzzing amid positive market
The benchmark indices have extended gains further - the Nifty is trading around 2950 level while the Sensex is moving around 9600 level. Buying in capital goods, power, metal, banking, oil&gas and realty stocks is being supportive to the markets. Media and railway stocks are also buzzing today.
The Sensex was trading at 9,667, up 201 points and the Nifty was at 2,956, up 64 points, at 2.04 hours IST. BSE Midcap and Small Cap indices went up over 1 per cent.
Market breadth is positive; about 1721 shares have advanced while 1103 shares declined. Nearly 192 shares are unchanged.
Among
frontliners,
M&M,
Tata
Steel,
BHEL,
Reliance
Infrastructure,
Jaiprakash
Associates
and
Reliance
Power
gained
4-6.5
per
cent.
3.08
PM
Markets positive; Oil&gas, banking gain
The benchmark indices are witnessing buying interest led by gains in oil&gas, banking, infrastructure, metal and technology stocks. Midcap and smallcap stocks are following the same trend. Positive Asian markets are supporting the markets as well.
At 10.48 hours IST, the Sensex was trading at 9,636, up 170 points and the Nity was at 2,946 up 53 points. Among broader indices, the BSE Midcap and Small Cap indices gained 1.5 per cent each.
Reliance
Industries,
ONGC,
NTPC,
SBI,
BHEL,
Power
Grid,
ICICI
Bank,
Bharti
Airtel,
SAIL,
Reliance
Communication,
L&T,
HDFC
Bank
and
HDFC
are
leading
players
in
today's
gain.
However,
Sun
Pharma
is
under
pressure.
11.56
AM
Markets opens green; BHEL, SAIL early gainers
Markets have opened green backed by good global cues. US markets rebounded smartly on likely plan to subsidize mortgage payments for homeowners. Real estate, infrastructure, oil & gas and metal stocks are on buyers' radar.
At 9.56 am, the Sensex was trading at 9,605, up 136 points and the Nifty was at 2,934, up 41 points. CNX Midcap 100 went up 1 per cent, to 3,482.
DLF, ICICI Bank Power Grid, ABB, Reliance Infrastructure, Zee Entertainment, ONGC, L&T, Tata Steel, Reliance Industries, BHEL and SAIL are gainers in early trade.
OneIndia News (With inputs from Agencies)