BSE Sensex, NSE Nifty ends high
Mumbai, Mar 13: Friday, Mar 13 witnessed the strongest session for the Indian markets in the year 2009. With strong global cues on its side markets continued its upward journey.
The 30-share Sensex touched an intraday high of 8,793.21, before closing the day at 8,756.61, up 412.86 points or 4.95 pc. The 50-share NSE Nifty gained 101.80 points or 3.89 pc, to settle at 2,719.25, after hitting a high of 2726.15.
While BSE Sensex ended above 8,700 level, BSE Nifty closed above the 2,700 mark. Banking & financial, technology, metal, oil & gas and capital goods stocks led this rally followed by auto, realty and FMCG stocks.
The
major
contributors
for
the
northward
rally
are
Reliance
Industries,
Infosys,
ICICI
Bank,
HDFC,
L&T,
HDFC
Bank,
SBI,
ONGC,
TCS,
Tata
Power,
Bharti
Airtel
and
Reliance
Communication.
04:20
PM
NSE Nifty tests 2,700; Realty leads
Positive stocks lead NSE's Nifty to test 2,700 mark. At 2:11 pm, the Sensex was trading at 8,692, up 349 points and the Nifty was at 2,701, up 83 points.
It is realty stocks which are ruling the market, which over powered other stocks and went up to 6 per cent as DLF, HDIL and Unitech shot up 5-7 per cent.
ICICI Bank spurted up 8.14 pc. Axis Bank, PNB, SBI, HDFC and HDFC Bank were up 4-6.7 pc in the banking and financial space. BSE Bankex was up over 5 pc. Oil & Gas Index surged 3.6 pc, as Cairn India, Reliance Industries, Reliance Petroleum and ONGC gained 2.3-4.9 pc.
Otherthan
banking,
oil
&
gas
and
realty,
technology
sector
is
also
helping
the
markets.
TCS,
Infosys
and
Wipro
were
up
4.4-5
per
cent,
BSE
IT
Index
was
up
4.8
pc.
2:40
PM
Markets in green, banking surge
Though stocks like ABB, BPCL, and NTPC is under pressure, markets are still trading in green. At 10.50 am, the Sensex was trading at 8,581, up 238 points and the Nifty was at 2,677, up 60 points.
The Nifty March futures were trading with 7-10 points discount. Realty, banking, technology, oil & gas exploration, telecom, metal and auto company stocks are seeing buying interest. Following the same momentum, Midcap and small cap indices went up 1.4 pc and helped the market breathe.
Banking
spree
is
continuing
in
the
banking
space,
leading
the
BSE
Bankex
surge
nearly
4
pc.
ICICI
Bank
jumped
6
pc
and
PNB
up
5
pc.
Among
others,
Bank
of
Baroda,
Kotak
Mahindra,
Axis
Bank,
IndusInd
Bank,
Andhra
Bank,
Union
Bank,
IDBI
Bank,
Oriental
Bank,
SBI,
HDFC
Bank,
Bank
of
India
and
IOB
gained
2-4
pc.
11:50
AM
Markets open higher on +ve global cues
Taking cues from the global markets, Indian stock markets opened sharply higher. At 9:56 am, the Sensex was trading at 8,565, up 222 points and the Nifty was trading at 2,675, up 58 points. CNX Midcap 100 shot up 51 points to 3,017.
Heavy
buying
was
seen
in
auto,
banking
&
financial,
metal
and
telecom
stocks,
which
has
helped
the
Nifty
to
test
2650.
Stocks
like
Reliance
Communication,
ICICI
Bank,
Tata
Motors,
PNB,
Reliance
Capital,
Infosys,
M&M,
Reliance
Industries,
Bharti
Airtel,
HDFC,
Sterlite,
Reliance
Petroleum,
Tata
Steel,
HDFC
Bank,
SBI
and
Suzlon
saw
a
sharp
upward
surge
in
the
opening
trade.
10:15
AM
OneIndia News