Mkts end strong for Apr, experts cautious for May

Posted By: Staff
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Mumbai, Apr 29: The 30-share BSE Sensex ended at 11,403.25, gain of 401.50 points or 3.65% over previous close. The 50-share NSE Nifty surged 3.32% or 111.60 points, to end at 3,473.95.

Markets ended Apr with 17.5 per cent gain in Sensex and 15 per cent surge in Nifty.

The benchmark indices took support of the global cues and ended on a strong note. Technology, oil & gas, metal, rate sensitives and infrastructure stocks along with midcaps and smallcaps supported the markets.

BSE IT Index went up 5 per cent and Bankex was up 4.5 per cent. Oil & Gas Index went up 3.5 per cent. Power, Auto, Metal, Realty and Capital Goods indices gained 2 to 3 per cent.

Even though the volumes increased it did not cross the Rs 1 lakh crore mark. The total traded turnover was Rs 99,710.81 crore. This comprised of Rs 15,501.44 crore from NSE cash segment, Rs 80,063.40 crore from NSE F&O and the balance Rs 4,145.97 crore from BSE cash segment.

Asian markets were strong and the Global markets bounced back in today's trade.

Experts advice caution stepping into the May series.
4:20 PM

Indices surge; IT, bank stocks surge
The Sensex was up 234.94 points or 2.14 pc at 11236.69, and the Nifty was up 72.95 points or 2.17 pc at 3435.30, at 14.05 hrs IST. All the Bombay Stock Exchange (BSE) sectorial indices were trading positive.

Positive buying interest were seen in IT, banks, oil & gas, power, auto, realty, metal and FMCG stocks. Reliance, Infosys, ICICI Bank, ITC and Bharti Airtel are the major supporters leading Sensex upwards.
02:40 PM

Markets positive; Nifty trading above 3400k

Markets are continuing upward rally and are trading higher following strong Asian markets. The Nifty was consistently trading above the 3400 mark while the Sensex above the 11,200 level.

The Sensex went up 227 points, to 11,228 and the Nifty was trading at 3,431, up 69 points, at 11:51 hours IST. These indices outperformed broader indices - BSE Midcap and Smallcap indices gained 0.8-1 pc.

Reliance Industries, ONGC, Reliance Communication, Infosys, TCS, NTPC, SBI, ICICI Bank, BHEL, HDFC, Wipro and DLF were leading counters, gained 2.2-4 pc.
12:30 PM

Markets open positive on Asian cues

Indian benchmark indices bounced back in the morning trade following positive Asian cues and good earnings from Bharti Airtel along with stock split announcement.

At 9:57 am, the Sensex was trading at 11,141, up 139 points and the Nifty was up 38 points, to 3,400. The CNX Midcap went up 43 points, to 3,847. Buying interest is seen in metal, banking, telecom and some infrastructure stocks.

Also markets are witnessing slight volatility in the markets ahead of F&Q expiry on Wednesday, Apr 29.

Among the frontliners, HDFC, Reliance Communication, Reliance Infrastructure, ICICI Bank, Suzlon, Bharti, Idea, Axis Bank, SAIL, Tata Steel, HDFC Bank and SBI were the gainers.

Unitech and HCL Technologies were the losers.
10:20 AM

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