Mumbai, Apr 20: The Indian markets broke the loosing streak and ended in the green on RBI credit policy, which came out as it was expected to be.
The markets gained support from banking and financial, realty, auto (four-wheeler), capital goods and select power companies' shares.
However, the gains were limited by selling in technology companies' shares along with Hero Honda, Bharti Airtel, ITC, SAIL, Cipla, Siemens, Ranbaxy and Cairn.
The BSE Sensex ended the day at 17,460.58, up 59.90 points and NSE Nifty shut shop at 5230.10, up 26.45 points.
Mkts continue +ve; buying in realty, infra
The markets continue to enjoy the good news of RBI credit policy which came up as expected. Buying was seen in realty and infrastructure stocks.
At 2: 10 pm, BSE Sensex trading at 17,436.50, up 35.82 points and NSE Nifty was at 5222.95, up 19.30 points. BSE Midcap and Smallcap index were also trading up.
Buying was also seen in banks, auto, oil and gas, capital goods, metal and power stocks while selling was seen in IT stocks.
Among the largecaps, IDFC surged 5 per cent to become the top gainer.
GAIL, Unitech, DLF and SBI gained 3 to 4 per cent. Hindustan Lever was trading up 0.85 per cent. Index heavyweight Reliance was trading up 1.13 per cent.
However, TCS, Hero Honda, Siemens, Infosys and Bharti Airtel dipped 0.5 to 1.5 per cent. Cigarette major ITC was down 0.42 per cent. Infosys was down 0.48 per cent.
Procter and Gamble, Puravankara Projects, Shree Global Tr, Bayer Cropscience and SKF India were the midcap gainers while Godrej Consumer, Dalmia Cement, Castrol, Gee Kay Finance and Patni Computer lost.
Among the smallcaps, Nagarjuna Agrichem, Advani Hotels, Premier, Supreme Petro and Gabriel India gained while the losers were Suashish Diamonds, Falcon Tyres, Amtek India, Graviss Hosp and Ushdev Int.
Benchmarks extend gains on RBI move
The markets have received the Reserve Bank of India's (RBI) move to hike key rates by 25 bps. Both the benchmarks extended the gains.
At 12: 30pm, the BSE Sensex was trading at 17,542.84, up 142.16 points while NSE Nifty was at 5254.05, up 50.40.
Buying interest was seen in oil and gas, banking & financial, realty, capital goods and auto (four-wheeler) companies' shares.
TCS, Infosys, Hero Honda, Bharti, Tata Power and Ranbaxy Labs were on the losing side.
Midcap gainers were Shree Global Tr, Bayer Cropscience, GE Shipping and United Bank while Cox and Kings, Godrej Consumer, Castrol, Atlas Copco and Patni Computer lost.
In the smallcap arena, Nagarjuna Agrichem, Premier, Supreme Petro, Sarda Energy and Foseco India gained while Suashish Diamonds, Falcon Tyres, Jamna Auto, Graviss Hosp and Amtek India slipped.
12: 40 PM
Mkts bounce back on +ve global cues
After plunging into the red zone on Monday, Apr 19, the Indian markets opened the day on a positive note.
The benchmarks bounced back on positive global cues. The broader indices also followed the suit.
At 9:02 am, NSE Nifty was trading at 5223, up 20 points and BSE Sensex was at 17465, up 65 points. The CNX Midcap rose 37 points to 7860 and the BSE Smallcap Index gained 41 points at 8923.
Wipro, BHEL, HCL Tech, Suzlon, Jaiprakash Associates, Siemens, SAIL, Tata Steel, Hindalco, Reliance Industries, Tata Motors, Axis Bank (ahead of Q4 numbers), HDFC Bank and IDFC were the frontliners enjoying buying interest.
TCS gained 1.5 per cent on Q4 numbers. GAIL surged 6 per cent. Hero Honda was up 2 per cent on Q4 results.
However, on the losing side, Idea, SBI and ITC were trading marginally lower.
9: 47 AM