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Mkts end on +ve note; Nifty ends above 4,500

Written by: Staff

Mumbai, Jul 23: Markets ended the day on a positive note after seeing two days of fall. The 30-share BSE Sensex shot up 387.92 points or 2.61 per cent, to shut shop at 15,231.04 and the 50-share NSE Nifty ended at 4523.75, up 2.84 per cent or 124.85 points.

Largecaps like Maruti Suzuki, Mahindra Satyam, ITC and ACC were positive contributers. Volumes remained above the Rs 1 lakh crore mark; total traded turnover was at Rs 1,01,981.66 crore as against Rs 1,19,647.60 crore.

The market breadth was in favour of advances. About 1864 shares advanced while 903 shares declined on the BSE and nearly 398 shares remained unchanged.

4:36 PM

Mkts extend rally; Reliance, Infy, ICICI up

The markets extend the positive rally on back of the buying seen across the sectors. At 1: 19 pm, Sensex was up 258.53 points or 1.74 per cent at 15101.65, and the Nifty was up 77.50 points or 1.76 per cent at 4476.40.

The broader indices were up 1.5 per cent each.

Sensex was gaining support from Reliance, Infosys, ICICI Bank, L&T and HDFC. Only three stocks were trading in negative, which were Bharti Airtel, Sun Pharma and ONGC.

The top gainers were Hindalco up 5.44 per cent, Sterlite Ind up 5.27 per cent, ITC up 4.45 per cent, Tata Motors up 3.91 per cent and DLF up 3.84 per cent.

The gainers among Midcap United Breweries, OnMobile Global, Blue Star, HT Media and Birla Corp while KRBL, Eveready Ind, Jindal Drilling, Elantas Beck and Hexaware Tech gained on the Smallcaps.

2:18 PM

Mkts continue +ve; broader indices gain 1.7pc each

At 12:10 pm, the BSE Sensex was trading at 15,062.00, up 218.88 and NSE Nifty was at 4471.60, up 72.70. The markets were gaining support from upside in rate sensitive, infrastructure, metal, FMCG and technology stocks.

The braoder indices gained 1.7 per cent each and all the sectoral indices were in green.

Among the banking stocks, Kotak Mahindra, Axis Bank, ICICI Bank, Bank of Baroda, SBI and PNB were up 1.8 to 3.4 per cent. Union Bank and HDFC Bank were up 0.6 per cent each.

In Realty, stocks like Orbit Corporation, DLF, Indiabulls Real, HDIL and Unitech went up 2.7 to 4.5 per cent. Auto stocks like Tata Motors, M&M, Maruti Suzuki, Hero Honda, Bharat Forge, Bajaj Auto and Ashok Leyland were up 1 to 2.8 per cent.

In metals, Sterlite Industries, Hindalco, Tata Steel, JSW Steel, Jindal Saw, SAIL, Jindal Steel, Sesa Goa and Hindustan Zinc gained 2.2 to 4.8 per cent.

TCS, HCL Tech, Patni Computer, Infosys and Wipro went up 1.5 to 3 per cent in Technology stocks.

In the midcap arena, OnMobile Global, Blue Star, Opto Circuits, Era Infra Engg and United Breweries were the gainers, while Jindal Drilling, Swan Mills, Manappuram, Elantas Beck and Kesoram gained among the small caps.

12:20 PM

Mkts open +ve; SBI, TCS, Infy gain

Markets have opened the day in green on back of positive asian cues, and buying in banking, telecom, realty and metal stocks. At 9: 57 am, the the BSE Sensex was up 229 points at 15,073, and the NSE Nifty was was up 69 points, to 4,468. The CNX Midcap and BSE Smallcap indices were up 1 per cent each, to 5,658 and 5,889, respectively.

The gainers were Suzlon Energy, Reliance Infrastructure, Reliance Communication, Tata Steel, Sterlite, DLF, Unitech, ICICI Bank, Reliance Capital, Hindalco, SBI, TCS, Infosys.

Bharti Airtel was up 3.5 per cent, Reliance Communication rose 3.5 per cent and Idea gained 3 per cent. However, Sun Pharma lost 7 per cent.

Among the midcaps, IFCI was up 3 per cent, Mahindra Satyam rose 3.3 per cent, and Biocon surged 2.3 per cent. Indiabulls Securities and Moser Baer went up 3.5 per cent each. WWIL gained 1 per cent and Jindal Drilling gained 7.5 per cent. The looser were Deccan Chronicle lost 2 per cent and Tech Mahindra fell 1 per cent.

10:35 PM

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