Markets end positive; Nifty above 3,300k
Mumbai, Apr 8: Rubbishing aside the weak global cues benchmark indices ender higher for the day. The Sensex surpassed the 10,700 level while the Nifty closed above the 3,300 mark successfully. Broader indices outperformed the benchmark indices and kept the market breadth in favour of advances.
Realty, FMCG, infrastructure (barring BHEL), pharma, oil & gas, auto, IT and metal stocks witnessed buying interest. However, Reliance Communication, HDFC Bank, BHEL, Hindalco, M&M and Sterlite were weak.
The 30-share BSE Sensex surged more than 1,000 points in these five days and closed the day at 10,742.34, up 207.47 points or 1.97 per cent over previous close. It touched an intraday high of 10,778.11 and recovered over 570 points from day's low of 10,171.91.
The
50-share
NSE
Nifty
shut
shop
at
3,342.95,
up
2.65
per
cent
or
86.35
points,
after
hitting
an
intraday
high
of
3,357.05.
It
posted
a
rally
of
more
than
300
points
in
these
five
days
and
today,
it
recovered
nearly
194
points
from
the
day's
low
of
3,149.25.
04:50
PM
Markets bounce back, Nifty, Sensex in green
At 02:00 PM Indian markets bounced back and are showing smart recovery. The Sensex was trading at 10,528, down 6 points while the Nifty was trading at 3,266, up 10 points, at 14:07 hours IST. Broader indices - BSE Midcap Index was up 2 per cent and Small Cap Index jumped 3.4 per cent.
Buying
in
stocks
like
power,
auto,
FMCG,
pharma,
metal,
select
capital
goods
stocks
and
Reliance
Industries
are
helping
the
markets
to
bounce
back.
However,
ONGC,
Bharti,
Infosys,
BHEL,
SBI,
ICICI
Bank,
Sterlite,
DLF,
Reliance
Communications,
HDFC
Bank,
HDFC
and
PNB
were
putting
pressure
on
the
markets.
02:50
PM
Markets plunge; bank, oil slips
The Sensex was trading at 10,306, down 228 points and the Nifty was trading at 3,198, down 58 points, at 12:16 hours IST. However, broader indices - BSE Midcap Index was up nearly 1% and Small cap Index gained over 1.5 per cent.
Though
the
indices
showed
some
recovery
from
the
lows
of
the
day,
are
witnessing
heavy
selling
pressure.
Leading
markets
south
bound
are
stocks
like
ONGC,
Bharti,
Reliance
Industries,
SBI,
Infosys,
Reliance
Communication,
HDFC
Bank,
ICICI
Bank,
DLF,
BHEL
and
TCS.
12:20
PM
Indices tumble on weak global cues
The negative global cues pushed the Indian stock market indices to red in the opening trade on Wednesday, Apr 8. At 9:56 am, the Bombay Stock Exchange's Sensex was trading at 10,200, down 331 points and the National Stock Exchange's Nifty was trading at 3,159, down 96 points.
The CNX Midcap was down 92 points, to 3,494. About 97 shares advanced while 562 shares declined. Major losers in the opening trade are DLF, Axis Bank, Hindalco, Tata Steel, Suzlon, Unitech, ICICI Bank, PNB, Reliance Capital, Reliance Communication, SBI, Tata Motors, SAIL, Sterlite Industries, Infosys, TCS and Reliance Industries.
The profit booking was seen in banking, metals, real estate, oil & gas and capital goods stocks. Midcaps and small caps were also following the same trend.
Asian markets too are trading lower. Hang Seng went down over 4 per cent. Shanghai, Nikkei, Straits Times and Kospi lost 2-2.7 per cent. Taiwan Weighted fell 1.65 per cent.
The
US
markets
declined
nearly
2
per
cent
on
Tuesday,
Apr
7
as
results
season
kicked
off
with
Alcoa
earnings.
10:20
AM
OneIndia News