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.
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.
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.
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.
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.