Mkts end higher; TCS ends above Rs 500 mark
Mumbai, Jul 20: Led by the brilliant performance of TCS, the markets had a good day riding on the back of buying in IT stocks. BSE Sensex closed at 15,191.01, up 446.09 points or 3.03 per cent and the NSE Nifty surged 2.91 per cent or 127.30 points, to shut shop at 4502.25.
After positive quarterly results, TCS shot up 15.34 per cent and closed above the Rs 500 mark for the first time since May 30, 2008. The BSE IT Index was up 7.26 per cent and posted biggest daily percentage gain since May 18.
Surging 5.7 to 9.2 per cent Tech Mahindra, HCL Tech, Wipro, Infosys and Satyam proved to be the other gainers.
Apart from these, RIL had a good run in the session. It surged 5 per cent and Reliance Petroleum gained 4.7 per cent.
Gujarat
NRE
Coke
gained
17
per
cent.
On
the
back
of
good
results
for
the
first
quarter
Allahabad
Bank's
stocks
was
up
9.25
per
cent.
Kingfisher
Airlines
rose
8.9
per
cent.
However,
Petronet
LNG
lost
4.8
per
cent
due
to
disappointing
Q1
numbers.
4:35
PM
Mkts continue rally on back of buying in IT stocks
The markets continue to trade higher on back of the buying in technology, realty, banking and capital goods stocks along with RIL. At 1:22 pm, the Sensex surged 374 points, to 15,119 and Nifty rose 107 points, to 4,482. The broader indices gained 2 per cent.
All the sectoral indices are in green except FMGC. IT Index surged 8 per cent, as TCS continues to suge. The other gainers in technology stocks are, Wipro up 10.83 per cent; HCL Tech up 9.82 per cent; Tech Mahindra up 7.68 per cent; Satyam up 5.6 per cent and Infosys up 6 per cent.
The RIL-RNRL case hearing which was scheduled to happen on Jul 20 was deferred to Sep 1. Mukesh Ambani's RIL and Reliance Petroleum gained 4 per cent and 3.5 per cent respectively while Anil Ambani's RNRL lost 1.9 per cent.
Gujarat
NRE
Coke,
HOEC,
Deccan
Chronicle,
Allahabad
Bank
and
MindTree
gained
among
the
midcaps
and
Kemrock
Ind,
Cranes
Software,
Ruchi
Soya,
Zandu
Pharma
and
Electrotherm
gained
among
the
small
caps.
2:47
PM
Mkts continue +ve; buying in IT stocks
Huge buying in the technology stocks is pushing the Sensex above the 15,000 mark and the Nifty above 4450. At 11: 58 am, Nifty surged 81 points, to 4,456 and the Sensex gained 291 points at 15,036. The broader indices were up 2 per cent each.
IT Index shot up 7 per cent, as TCS rose 15 per cent, Wipro gained 11 per cent, Infosys up 5 per cent and HCL Tech up 7 per cent.
Buying interest was also seen in Shares of capital goods, realty, power, oil & gas exploration and select banking stocks along with Reliance Industries and Bharti.
However, those trading in the red were ITC, Reliance Communication, Reliance Infrastructure, Hero Honda, BPCL and Cipla.
Among the sectors, FMCG; BSE Realty and Oil & Gas indices rose 2 to 2.5 per cent, and Capital Goods, Metal and Bank indices were up 1 to 1.6 per cent.
Due
to
the
projects
worth
Rs
776
crore,
Nagarjuna
Construction
was
up
3
per
cent.
However,
Natco
Pharma
fell
6
per
cent,
as
the
company
has
recalled
Breast
cancer
drug
Albupax.
12:18
PM
Mkts
open
higher
on
back
of
+ve
Asian
cues
The markets have opened the week's session on a positive note on the back of positive Asian cues. At 9:56 am, the Nifty surged 70 points, to 4,445 and the Sensex went up by 239 points at 14,984. The CNX Midcap gained 70 points, to 5,544 and the Nifty Junior rose 113 points, to 7,974.
Riding on the back of good earning, Tata Consultancy Services (TCS) gained 13 per cent. Wipro went up 3.5 per cnet ahead of Q1 numbers.
Buying interest was seen in metal stocks like Sterlite, Tata Steel and Jindal Steel and Power. LME Zinc rose 4 per cent, Tin was up 2 per cent, Lead went up 4 per cent and Copper went up 1.5 per cent.
Among
the
Midcaps,
Apollo
Hospitals
went
up
8.5
per
cent,
Aban
Offshore,
Rolta
and
Mahindra
Satyam
surged
3
to
5
per
cent.
Good
Q1FY10
numbers
helped
Allahabad
Bank
go
up
by
11.5
per
cent.
However,
Sasken
Communication
and
Petronet
LNG
lost
5
per
cent,
and
Mahindra
Holidays
was
down
2.5
per
cent.
10:22
PM
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