Nifty ends near day's high; M&M, RCom surge
Mumbai, Mar 16: Indian indices joined peers in pull-back rally and ended sharply higher as sentiments turned positive after signs of some stability in US banking sector and growth in core sectors back home. Second rung stocks outperformed the benchmarks after lying relatively lower in the past few sessions.
National Stock Exchange"s Nifty closed at 2778.10, up 58.85 points or 2.16 per cent. The index touched an intra-day high of 2781.95 and low of 2701.95.
Bombay Stock Exchange"s Sensex ended at 8951.32, up 194.71 points or 2.22 per cent. The 30-share index hit high of 8955.73 and low of 8697.46 in trade so far.
BSE Midcap Index gained 2.26 per cent and BSE Smallcap Index moved 2.21 per cent higher.
Mahindra & Mahindra (11.05pc), Reliance Communications (6.91pc), Ranbaxy Laboratories (6.71pc), DLF (5.93pc) and HCL Technologies (5.41pc) were the biggest Nifty gainers.
Maruti
Suzuki
(-2.19pc),
Sun
Pharmaceuticals
(-2.09pc),
Grasim
(-1.40pc),
Unitech
(-0.94pc)
and
Cipla
(-0.62pc)
were
the
major
losers.
4.32
PM
Sensex
near
day's
high;
capital
goods
gains
Indian
key
indices
gained
momentum
and
were
comfortably
in
the
positive
terrain
as
buying
emerged
in
frontline
stocks.
European
markets
are
likely
to
open
higher
following
gains
in
the
US
and
Asian
markets.
At 1:10 pm, Bombay Stock Exchange"s Sensex was at 8819.56, up 62.95 points or 0.72 per cent. The index touched an intra-day high of 8828.18 and low of 8697.46
National Stock Exchange"s Nifty was at 2735.35, up 16.10 points or 0.59 per cent. The broader index hit an intra-day high of 2739.95 and low of 2701.95.
Mahindra & Mahindra (8.50pc), Jaiprakash Associates (6.49pc), Tata Motors (3.50pc) , Ranbaxy Laboratories (3.21pc) and State Bank of India (3.20pc) were the top Sensex gainers.
Reliance
Infrastructure
(-3.14pc),
Sun
Pharmaceuticals
(-2.11pc),
Maruti
Suzuki
(-1.58pc),
HDFC
(-1.32pc)
and
Infosys
Technologies
(-0.91pc)
were
the
top
Sensex
losers.
2.22PM
Sensex
slips
in
red;
IT,
metals
dip
Indian
key
indices
took
a
breather
Monday
by
turning
flat
with
a
negative
bias
after
a
strong
pull-back
rally
in
previous
session.
Second rung stocks, meanwhile, outperformed the benchmarks as traders rushed in to take fresh positions. Some weakness was emerging in Asian markets as most indices gave away intra-day gains.
At 10:35 am, Bombay Stock Exchange"s Sensex was at 8725.86, down 30.75 points or 0.35 per cent. The index touched an intra-day high of 8828.18 and low of 8725.86.
National
Stock
Exchange"s
Nifty
was
at
2713.20,
down
6.05
points
or
0.22
per
cent.
The
broader
index
hit
an
intra-day
high
of
2737.05
and
low
of
2710.55.
11.51
AM
Quiet
start
for
equities;
Tata
Steel
gains
The
markets
opened
with
marginal
gains
led
by
metal,
telecom,
realty,
capital
goods
and
financials.
There
was
a
bit
of
volatility,
as
selling
pressure
was
seen
in
power
stocks,
ONGC,
Infosys
and
Sterlite
Industries.
At 9:56 am, the Sensex was trading at 8,813, up 56 points and the Nifty was trading at 2,733, up 15 points. CNX Midcap went up 1pc, to 3,086.
Among frontliners, BPCL, DLF, Tata Motors, SAIL, L&T, Hindalco, Tata Steel, HDFC, Tata Communication, HDFC Bank and Bharti Airtel were gainers.
However, ONGC, Infosys, Maruti, Cairn, Sterlite, NTPC, Power Grid, Reliance Power and Tata Power were under pressure.
In the midcap space, Educomp Solutions, NDTV, Aban Offshore, Sintex and Voltas have gained. However, TTML and Edserv Softsystems lost ground. Satyam fell 3 pc.
Recent listing, Edserv Softsystems is locked at 10pc lower circuit Monday, Mar 16 as well.
OneIndia News