Sensex cheers Budget 2010; Tata Motors, L&T gain
Mumbai, Feb 26: The benchmark Sensex rallied over 400 points on Friday, Feb 26, cheering the Finance Minister's budget.
The 30-share BSE Sensex closed at 16438, up 184 points and the Nifty was at 4922, up 62 points, as per provisional data.
The Nifty March Future was trading with 14 points premium.
Top gainers were Tata Motors and Larsen & Toubro.
Sell-off
and
profit
booking
in
ITC
on
hike
in
excise,
BHEL,
Tata
Power,
TCS,
Infosys
and
ABB
erased
more
than
50
pc
gains
from
day's
high.
4:20
PM
Sensex rallies over 350 pts; metal, banks gain
The 30-share BSE Sensex cheered Union Budget 2010 unveiled by Finance Minister Pranab Mukherjee.
The Sensex was trading at 16615, up 360 points and the Nifty was at 4973, up 113 points.
The BSE Auto and Realty indices gained 4 pc each. Metal and Bank indices rallied 3 pc each. Oil & Gas Index rose 2 pc. The broader indices went up 1.6-2 pc.
Buying
was
seen
across
all
sectors
while
Tata
Power,
Ranbaxy
Labs,
Infosys,
HCL
Tech
and
BPCL
were
the
only
losers.
1:38
PM
Nifty
inching
towards
4900
mark
on
Budget
2010
At
11:05
am,
the
Nifty
was
trading
higher
on
the
back
of
positive
announcements
from
Finance
Minister
Pranab
Mukherjee.
NSE Nifty was at 4886.65, up 26.90 points or 0.55 per cent. BSE Sensex was at 16333.47 up 79.27 points or 0.49 per cent.
BSE Midcap Index was up 0.72 per cent and BSE Smallcap Index moved 0.45 per cent higher.
Market breadth was positive on the BSE with 1221 advances and 858 declines.
Major gainers were GAIL, M&M, Hindalco, IDEA and IDFC.
However,
Ranbaxy,
Tata
Power,
HCL
Tech
,
TCS
and
Infosys
Technologies
were
amongst
the
top
losers.
11:53
AM
Nifty
flat
ahead
of
Union
Budget
2010
Benchmark
Nifty
started
the
Budget
day
on
a
flat-to-positive
note.
Asian
markets
also
looked
mixed
in
trade.
At 9:02 am, the Sensex was trading at 16291, up 36 points and the Nifty was at 4871, up 11 points.
The CNX Midcap rose 17 points to 7066, as about 440 shares advanced while 214 shares declined.
Infrastructure and oil & gas companies' shares witnessed buying interest ahead of some announcement from the Union Budget.
Among the frontliners, BPCL, Sterlite Industries, Reliance Power, Reliance Industries, HDFC, L&T, GAIL, IDFC and Reliance Infrastructure were gainers.
Asian
markets
were
mixed
in
trade.
Hang
Seng
was
up
1
pc.
Nikkei,
Kospi
and
Taiwan
gained
0.2-0.4
pc.
However,
Jakarta
fell
1
pc.
Shanghai
and
Straits
Times
were
marginally
in
red.
9:55
AM
OneIndia News