Nifty ends at a new 2009 high; RIL, GAIL gain

Mumbai, Dec 24: Buying in oil & gas and rate sensitive shares propelled the Nifty to close at new 2009 high of 5,178.40.

The benchmark indices continued their upmove for the second consecutive day and closed higher for the day as well as for this week.

The 30-share BSE Sensex closed at 17,360.61, up 129.50 points or 0.75 pc and the 50-share NSE Nifty went up 0.66 pc or 33.80 points, to settle at 5,178.40.

Oil & gas were leading sector; ONGC rose 1.62 pc. Reliance Industries, Cairn India, GAIL and BPCL were up 0.34-0.87 pc.

Positive global cues were quite supportive. Asian markets closed higher; Shanghai rallied 2.6 pc and outperformed the other global indices.

Nikkei rose 1.5 pc. Hang Seng, Kospi and Taiwan were up 0.8-1.3 pc. Straits Times was flat.

The Indian markets will be closed for trade during Dec 25 to 28, 2009, on the back of Christmas and Moharam.
4:28 PM

Nifty trading in narrow range of 5135-5160

At 12:58 pm, the Nifty was witnessing volatility with a bit of positive bias and was trading in a narrow range of 5135-5160.

Auto, realty, select banking & financial and power stocks were supporting the markets. ONGC and TCS were the leaders in the pack.

However, selling in NTPC, SAIL, Bharti, Infosys, L&T, Idea Cellular, Jaiprakash Associates, ITC, Ranbaxy Labs and Cipla were putting pressure on the benchmark indices.

The 30-share BSE Sensex was trading at 17,243, up 12.5 points while the Nifty was at 5,144, down just 0.85 points.

The broader indices gained 0.9 pc, as about 1,712 shares advanced while 1,185 shares declined on the BSE. Nearly 541 shares were unchanged.

Top gainers in the laregecaps were Tata Motors, Reliance Infrastructure, ONGC, Hero Honda, DLF and M&M moved up 1.3-2.5 pc.
2:02 PM

Mkts continue positive; broader indices outperform

At 11:49 am, the Sensex was trying to stay in the green amid volatility, on the back of buying in realty, auto, select metal, FMCG, banking and power stocks along with ONGC & TCS.

The 30-share BSE Sensex was trading at 17,283, up 52 points and the Nifty was at 5,157, up 13 points.

The broader indices were outperforming the benchmark indices, up 0.9-1 pc due to positive market breadth.

About 1,785 shares advanced while 1,091 shares declined on the BSE. Nearly 562 shares were unchanged.

In the midcap space, Great Offshore, Sterlite Tech, Shriram Transport, Fortis Health and HCC went up 5.4-6.7 pc while India Infoline, Kalpataru Power, Edelweiss Capital, Nava Bharat Ventures and Monnet Ispat fell 1.5-3 pc.

In the smallcap space, Manaksia, Zandu Pharma, AP Paper Mills, C and C Construction and Indraprastha Medical moved up 7-10 pc while Religare Tech, Garden Silk, Automotive Axle, Lok Housing and Gee Kay Finance lost 3-4.6 pc.
12:13 PM

Sensex trading higher; Bharti, RIL gain

The Sensex started the day on a positive note following supportive Asian cues.

At 9:56 am, the Sensex was trading at 17,315, up 84 points and the Nifty was at 5,168, up 23.6 points.

The CNX Midcap went up 53 points to 7,394. About 630 shares advanced while 85 shares declined on the NSE.

Among the frontliners, Bharti Airtel, ITC, Reliance Industries, Cairn India, BHEL, Siemens, Power Grid and Tata Steel were gainers.

However, NTPC, SAIL, Infosys and Ambuja Cements were losers in trade.

Asian markets were trading higher. Shanghai, Hang Seng, Kospi, Nikkei and Taiwan Weighted gained 1-1.9 pc.
10:16 AM

OneIndia News