Nifty closes on a new 52-week high
Mumbai, Apr 5: Nifty closes on a fresh 52-week high at 5368, up 77 points supported by buying interest in heavyweights. Benchmark Sensex ended at 17935. up 243 points.
Oil & gas exploration, banking, metal, power, auto, realty, pharma and select capital goods ended with buying interest.
4:15 PM
Nifty
trading
at
5300;
Reliance
Infra
shines
Nifty held on to morning gains at 5300 with positive bias. The benchmark indices reached 52-week high in the opening bell supported by positive global cues.
Buying continued in realty, auto, oil&gas, metal and bank stocks, while selling was seen in IT and capital goods stocks
At 1:13 pm, Sensex was up 129.94 points or 0.73pc at 17822.56, and the Nifty up 43.30 points or 0.82pc at 5333.80.
Among the largecaps, the top gainer was Reliance Infra. Tata Steel, Bharti Airtel, Hero Honda and ICICI Bank gained 2 to 3pc, while HUL, Wipro, TCS, Larsen and HDFC Bank down 0.1 to 1pc were the losers.
Top gainers on the BSE Midcap: Godrej Industries, Nirma, Sintex India, Core Projects and Godrej Consumer gained 3.5 to 5pc.
Top losers on the BSE Midcap: Procter and Gamble, Max India, EID Parry and Guj Ind Power slipped 2.5 to 4pc.
Top gainers on the BSE Smallcap: Shree Ram Urban, Lloyds Metals, Kolte-Patil, India Glycols and Aegis Logistics surged 12 to 20pc.
Top losers on the BSE Smallcap: Piramal Life, JMD Telefilms, Hinduja Foundri, Suven Life Scie and Richa Ind tanked 3.5 to 5pc.
2:00 PM
Sensex up 99 pts, broader indices outperforms
After opening on a positive note, Nifty held on above the 5300 mark supported by buying interest in banking, metal, realty, oil & gas exploration, power and pharma companies' shares along with Bharti, ITC, Hero Honda, M&M and BHEL.
However, the gains were limited to a certain extend due to selling in Infosys, TCS, Wipro, HUL, Reliance Communications, HDFC, Idea Cellular, BPCL, Maruti, PNB and ABB.
At 10:30 am, Sensex was trading at 17792, up 99 points and the Nifty was at 5322, up 32 points.
The benchmark indices were outperformed by the broader indices.
Among the midcaps, Nirma, Core Projects, Godrej Industries, Carborundum and Biocon, up 3pc as its arm will buy 49pc stake in Biopharma from CIMAB) rose 3 to 5.5pc, while P&G dipped 3.34pc on profit booking after shooting up in last two days. Godfrey Phillip, Simplex Infra and Gujarat Industries Power tanked 2 to 2.5pc.
In
the
smallcap
space,
Shree
Ram
Urban,
Lloyds
Metals,
Sarda
Energy,
Lok
Housing
and
Websol
Energy
gained
11
to
13pc,
while
Piramal
Life,
Rollatainers,
Elpro
Int,
Suven
Life
Science
and
Ajmera
Realty
slipped
2.5
to
4.5pc.
11:20 AM
Nifty
opens
33
pts
higher
on
positive
Asian
cues
Nifty
opened
above
5300
mark
on
the
back
of
positive
Asian
cues.
Buying
interest
were
seen
in
banking,
metal,
auto,
cement,
realty,
FMCG
and
oil
&
gas
exploration
stocks.
At 9:02 am Nifty was trading at 5324, up 33 points and the Sensex was at 17800, up 107 points. The CNX Midcap gained 53 points to 7827.
Among the frontliners, the early gainers were Tata Steel, ICICI Bank, M&M, Jaiprakash Associates, SAIL, Bharti Airtel, HCL Tech, Hindalco, SBI, Hero Honda and Reliance Industries (at Rs 1100 level).
BPCL and NTPC were marginally trading in red.
Midcap & Smallcap space:
Hindustan Motors gained 5.5pc. Escorts surged 2.5pc. Rico Auto and Clutch Auto were up 3 to 5pc.
Heidelberg Cement rose 2pc. Pipavav Shipyard went up 0.55pc.
However, Lanco and Maytas Infra slipped 0.5pc.
Global cues:
Asian markets were in mixed trade. Straits Times shot up 2.3pc, Nikkei up 0.5pc and Jakarta gained 1.6pc while Kospi tanked 0.5pc.
9:30 AM
OneIndia News