Mkts scale new heights on buying & +ve global cues
Mumbai, Mar 29: The Indian benchmarks scaled new heights on Monday, Mar 29 riding on positive global cues, and buying in capital goods, banking and financial, realty, cement, telecom, FMCG and select oil and gas.
BSE Sensex shut shop at 17,711.35, up 66.59 points or 0.38 per cent while NSE Nifty gained 0.39 per cent or 20.85 points to end at 5302.85.
Reliance Industries was one of the strong forces that led the markets and supported Nifty to hit the 52-week high of 5329.55. However, RIL shares plunged into the negative zone later in the day.
Technology stocks reeling under pressure, capping the gains to a large extent.
Asian
markets
also
ended
higher.
At
the
time
of
Indian
markets' close,
European
markets
seeing
marginally
positive
trade.
4:28
PM
Nifty at 52-week high; IT down on selling pressure
Riding on the back of buying interest in oil & gas, banking & financial, capital goods, metal and realty shares Nifty touched a 52-week high of 5329.55.
At 1: 51 pm, BSE Sensex was trading at 17762, up 118 points and NSE Nifty was at 5318, up 36 points.
Positive global cues were also supporting the Indian indices in their rally.
However, Infosys, TCS, Wipro, Tata Motors, Cipla, Tata Power, Reliance Infrastructure, ABB and Suzlon Energy were trading in the red zone.
With
technology
stocks
reeling
under
selling
pressure,
Infosys
was
down
2
per
cent,
TCS
slipped
1.34
per
cent
and
Wipro
was
down
0.5
per
cent.
2:13
PM
Mkts continue green, FMGC, metals, realty support
Markets continue to trade in green on support from oil & gas, capital goods, FMCG, metal, cement, realty, select banking and financial and auto companies shares. Nifty continues higher and is hovering around the 5300 mark.
At 12: 20 pm, BSE Sensex was trading at 17,710.85, up 66.09 points while NSE Nifty was at 5303.75, up 21.75 points.
On the negative side, Infosys, TCS, Wipro, Tata Motors, NTPC, HCL Tech, Cipla, Tata Power, ABB, Power Grid were reeling under selling. However, the losses were capped to some extent by Reliance Infrastructure
The
new
entrant,
DQ
Entertainment
was
trading
up
38.63
per
cent
at
Rs
110.90,
over
its
issue
price
of
Rs
80.
12:
27
PM
Nifty opens higher, hits 5300 mark
Nifty hit the psychological 5300-mark in the early trade on back of buying in capital goods, metal, realty and cement stocks.
At 9:05 am, BSE Sensex was trading at 17691, up 46 points and NSE Nifty was at 5293, up 12 points.
Tata Motors, Maruti, HDFC, Tata Steel, Hindalco, DLF, Bharti Airtel, SBI, L&T and BHEL were frontline gainers in the early trade while Infosys and HCL Technologies slipped.
Except
Nikkei,
all
Asian
markets
were
trading
higher.
9:48
AM
OneIndia News