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Nifty ends above 4950 led by metal, auto, banking

By Super Admin

Mumbai, Sep 16: The Nifty continue to raise above the 4900 mark and ended the day above 4950 for the first time since May 22, 2008 led by the buying in metal, banking and auto stocks.

The 50-share NSE Nifty rose 1.36 per cent or 66.30 points, to end at 4958.40. The 30-share BSE Sensex shut shop at 16,677.04, up 222.59 points or 1.35 per cent. The BSE Midcap Index shot up 1.45 per cent and Smallcap Index up 1.1 per cent.

All sectoral indices ended positive too. The BSE Metal Index outperformed other indices and gained over 4 per cent. Auto and Bank indices were up 2 per cent each.

While Global cues continued to support the benchmarks, while the broader indices gained support from huge buying in hotel and sugar stocks.

4: 30 PM

Sensex trading higher; ICICI, ITC, SBI gain

At 1.26 pm, the Sensex was up 128.75 points or 0.78 per cent at 16583.20, and the Nifty was up 41.70 points or 0.85 per cent at 4933.80. The BSE midcap and smallcap indices were up 1 per cent each.

Metals, auto, realty, and banking stocks were witnessing strong buying interest. While Infosys, ICICI Bank, L&T, ITC and SBI were supporting Sensex, Reliance, HDFC, ONGC, HUL and TCS were negative contributors.

Top gainers were Tata Steel up 6.83 per cent, Hindalco at up 3.24 per cent, Sterlite Ind up 2.99 per cent, Hero Honda up 2.47 per cent and Tata Motors up 2.43 per cent.

Cigarette major ITC was trading at Rs 232.20 up 1.4 per cent from its previous close.

Top losers were HDFC down 1.35 per cent, ONGC down 1.02 per cent, Wipro down 0.96 per cent, HUL down 0.89 per cent and Reliance Infra down 0.58 per cent.

Among the midcaps, the gainers were LIC Housing Fin, Lanco Infratech, Indian Hotels, EIH and Bharat Forge which surged 5 to 8 per cent. And in the smallcaps, Orchid Chemical, Royal Orchid, EIH Assoc Hotel, Ruchinfra and ILandFS were up 10 to 14 per cent.

2:15 PM

Nifty still above 4900 mark; banking, auto up

In spite of some profit booking, the Nifty continued to trade above the 4,900 mark. At 11: 07 am, the Sensex was up 116 points at 16,571 and the Nifty up 36 points at 4,928.

The markets were gaining support from buying in metal, banking, telecom, realty and auto stocks. However, TCS, Wipro, HDFC, Reliance Industries and GAIL saw selling interest which capped the gains.

Tata Steel, Jindal Steel, LIC Housing Finance, Aban Offshore, Unitech, Jaiprakash Associates and SBI were the most active shares.

In the largecaps, Tata Steel shot up 5.39 per cent, while Sterlite Industries, M&M, Reliance Communication, SBI, SAIL, Jindal Steel, PNB and NALCO gained 1.5 to 3.5 per cent.

Among the midcaps, LIC Housing Finance, IndusInd Bank, Hotel Leela, Phoenix Mills and MindTree went up 5-6% while Simplex Infra, Shriram City, BF Utilities, Gujarat NRE Coke and Kirloskar Brothers fell 1 to 2 per cent.

In the smallcap arena, Royal Orchid, Ruchi Infra, Orchid Chemical, Money Matters and MSP Steel moved up 8 to 15 per cent. However, Geekay Finance, Austral Coke, JBF Industries and Andrew Yule slipped 3 to 5 per cent.

11: 55 AM

Nifty crosses 4900 mark on +ve Asian cues

For the first time since Jun 2009, NSE Nifty opened strong and hit the 4900 mark riding on the back of positive Asian cues and buying across all sectors.

At 9:56 am, BSE Sensex was up 174 points at 16,629 and NSE Nifty was up 53 points at 4,945. The broader indices were also up over 1 per cent each.

The early gainers were Unitech, DLF, Suzlon Energy, Sterlite, Nalco, Tata Steel, Reliance Capital, Reliance Communication, Cairn India, ICICI Bank, SBI, ONGC, L&T, and M&M.

BPCL, IOC and HPCL too shot up as companies received oil bonds.

Among the midcaps, Orchid Chemical, Vimta Labs and Natco Pharma were up 2.5 to 5 per cent, Hotel Leela was up per cent, LIC Housing Finance up 1 per cent and Berger Paints rose 4 per cent.

In the banking, IndusInd Bank shot up 5 per cent, Textile stocks like Brandhouse Retail and S Kumars Nationwide went up over 2 per cent.

10:17 AM

OneIndia News

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