Sensex, Nifty close on a positive note
Mumbai, Mar 23: Strong global cues helped the Nifty to close the day above the 2900 mark, important psychological level while the Sensex ended above the 9400 level.
The
30-share
BSE
Sensex
touched
an
intraday
high
of
9,454.69,
before
closing
the
day
at
9,424.02,
up
5.1
per
cent
or
457.34
points.
The
50-share
NSE
Nifty
surged
4.73
per
cent
or
132.85
points,
to
settle
at
2,939.90,
after
hitting
a
high
of
2949.75.
All
sectoral
indices
finished
in
the
green.
4:40
PM
Benchmark Indices trading higher; buying in metal
At 1:57 pm, the benchmark indices were trading sharply higher on the back of positive global cues. Metal, banking, oil and gas, infrastructure and telecom stocks were witnessing huge buying interest, as incremental flows were positive.
The
Sensex
was
trading
at
9,299,
up
332
points
and
the
Nifty
was
trading
at
2,906,
up
100
points.
Among
the
broader
indices,
BSE
Midcap
Index
was
up
2
per
cent
and
Small
cap
index
gained
1.5
per
cent.
2:51
PM
Markets see buying interest; Rel among frontliners
Markets were witnessing heavy buying interest and extended the rally. At 12:36 pm, the Nifty was trading at 2908, up 101 points and the Sensex was trading at 9,284, up 320 points. Among broader indices, BSE Midcap and Small cap indices were up 1.5-1.8 per cent.
Among frontliners, Reliance Industries, ONGC, NTPC, Bharti, SAIL, SBI, ITC, HDFC, BHEL, ICICI Bank, TCS and Reliance Communications shot up 2.5-6 per cent. However, only DLF was down 4 per cent.
BSE
Metal
Index
was
up
4.8
per
cent
and
Oil
&
Gas
Index
was
up
4.4
per
cent,
Bank
and
Power
indices
gained
over
3
per
cent.
Among
other
indices,
Capital
Goods,
FMCG,
IT,
Healthcare
and
Auto
indices
were
up
1.7-2.6
per
cent.
1:12
PM
Markets trading higher; buying in telecom
At 10:42 am, Markets trading higher. Buying was seen in oil & gas, telecom, metal, capital goods, technology and financial stocks.
The Sensex was trading at 9,171, up 205 points and the Nifty was trading at 2,872, up 65 points. The broader indices were also in the limelight; BSE Midcap and Small cap indices went up 1.3 per cent each. However, the Nifty futures were trading with 3-5 points discount.
Among
the
frontliners,
Tata
Motors,
Tata
Steel,
Sterlite
Industries,
Reliance
Infrastructure,
Jaiprakash
Associates,
Idea
Cellular,
SAIL
and
Tata
Communication
were
the
top
gainers.
They
gained
3-5
per
cent.
However,
DLF
and
Ambuja
Cements
were
only
losers.
11:31
AM
Markets on bullish note; ONGC among gainers
Strong Asian cues put markets on a bullish note. Metal, infrastructure, oil & gas, banking and auto stocks were witnessing buying interest.
At 9:58 am, the Sensex was at 9,127, up 161 points and the Nifty was trading at 2,859, up 52 points. CNX Midcap was up 30 points, to 3,230.
Gainers were Tata Motors, ONGC, M&M, Reliance Infrastructure, Reliance Communication, SAIL, ICICI Bank, Reliance Capital, Sterlite Industries, Tata Steel, HDFC, Reliance Industries and BHEL.
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