Nifty ends above 5100; pharma, metals gain
Mumbai, Dec 1: The markets saw another spectacular session led by positive global cues as Dubai's concerns ease and short covering.
The Sensex closed at 17,199, up 273 points and the Nifty was at 5,121, up 89 points, as per provisional data. About 1,054 shares advanced while 219 shares declined on the NSE.
The
rally
was
seen
across
all
sectors
and
in
high
beta
stocks;
rate
sensitives,
pharma
and
metal
stocks,
and
Reliance
Industries
were
the
major
gainers.
4:17
PM
Nifty inching towards 5100 mark; auto, realty up
At 01.04 am the Nifty continued to hold its gain as strong buying was seen in realty, pharma, auto, and metal stocks. Banks, oil and gas, power and capital goods stocks.
Stocks like Reliance, ICICI Bank, L&T, HDFC and SBI were the positive contributors to the Sensex.
The Sensex was up 165.20 points or 0.98 pc at 17,091.42, and the Nifty was up 61.25 points or 1.22 pc at 5,093.95.
The market's breadth was positvie, about 2,046 shares advanced, 815 shares declined, and 572 shares were unchanged.
In the largecap space, top gainer on the Sensex was Sun Pharma up close to 4.5 pc. DLF, Tata Motors, Sterlite Inds and Hindalco were up 2-4 pc.
On
the
losing
side,
Hindustan
Unilever
was
the
top
loser
down
2
pc.
Next
on
the
list
were
BHEL,
Infosys,
ITC
and
TCS
down
less
than
1
pc.
1:34
PM
Broader indices outperform; realty, auto gain
At 11:03 am, the Nifty was holding the 5,050 level on the back of buying interest in metal, telecom, oil & gas exploration, realty, auto, cement, select infrastructure and banking stocks.
The Sensex went up 122 points to 17,049 and the Nifty rose 39 points to 5,072.
The broader indices were outperforming the benchmark indices, up 0.9-1.3 pc, as about 935 shares advanced while 257 shares declined on the NSE.
In the midcap space, Torrent Pharma, Cadila Health, KGN Industries, Sterlite Tech and Jaiprakash Hydro went up 4.5-7.5 pc. However, REI Six Ten, Jain Irrigation, Bannariamman, Indiabulls Financial and Kansai Nerolac slipped 1.4-2.7 pc.
In the smallcap space, Money Matters, Action Construction and Jindal Cotex gained 9.6-11.7 pc while IndiaNivesh lost 17 pc. Kanani Industries, Zodiac Clothing, WABCO-TVS and Lloyds Metals declined 3-4 pc.
Positive
Asian
markets
were
also
supportive
to
the
benchmark
indices.
Nikkei
rose
1.6
pc.
Hang
Seng,
Straits
Times,
Kospi,
Taiwan
Weighted
and
Jakarta
gained
0.5-0.9
pc.
However,
Shanghai
was
flat.
11:44
AM
Sensex opens above 17000 on positive global cues
The Sensex opened on a positive note and jumped back above the 17,000 mark on the back of positive global cues. The Nifty was trading above the 5,050 level, as metal, realty and telecom stocks supported the index.
At 9:56 am, the Sensex rose 98 points to 17,025 and the Nifty gained 30 points at 5,063. The CNX Midcap rose 57 points to 7,206, as about 600 shares advanced while 70 shares declined on the NSE.
Sterlite Industries, Tata Motors, HCL Tech, Siemens, Unitech, SAIL, Maruti, M&M, Sun Pharma, Hero Honda, Bharti Airtel, Jindal Steel, Idea Cellular, Reliance Communications, HDFC and DLF were gainers in early trade.
However, HDFC Bank, HUL and Cipla were losers.
Asian
markets
were
trading
higher.
Hang
Seng,
Nikkei,
Straits
Times,
Kospi,
Taiwan
Weighted
and
Jakarta
went
up
0.5-1.4
pc.
However,
Shanghai
was
flat.
10:14
AM
OneIndia News