It has been a strong session for markets so far as they continue to trade firm at the higher levels. Cues from the global markets have also been very encouraging today. After Nifty even Sensex has hit a new high. Nifty has hit 6,100 for the first time ever. All eyes are on the Fed on rate cut decision, analyst feel that there could be a 25 bps rate cut. ONGC, Bharti Airtel, HDFC, Nalco, Glaxo Smithkline are the top gainers on the frontline indices.
Broader markets have also participated in the uptrend CNX Midcap and BSE Smallcap are each up 2%. Breadth is extremely strong at 4:1. Cues from the global markets have also been very encouraging today. Rupee is trading firm against the dollar at 39.36.
Nalco is a star performer as the stocks is up 8% followed by Unitech up over 6%, ONGC & Bharti up nearly 4%. Other gainers are Zee, Bharti Airtel, SAIL, GAIL, Grasim, HDFC and GSK.
Abhishek Ind up 16%, Lanco Infra and Sonata Soft each up 9%, Omaxe up 8%, followed by Rain Calcining, CBoP and Vijaya Bank are some of the gainers in the broader markets.
At 2.00 hrs IST, the Sensex is up 343.66 points or 1.72% at 20274.34, and the Nifty up 140 points or 2.32% at 6100. About 2320 shares have advanced, 717 shares declined, and 49 shares are unchanged. Realty index is up over 3% and the top gainers are Ansal Housing up 17%, Omaxe up 8% and Purvankara up 5%.
IT pivotals Infosys and TCS are the top losers on the Sensex as well as Nifty. Infosys is down 2% and TCS is down nearly 1%. TataTeleservice, Ispat Industries, Centurion Bank, Reliace Inds and Bharti Airtel were some of the most active counters on the bourses today. Pharma stocks were in focus today and the top winners in this sector were Pfizer, Divis Lab, Wyeth and Nicholas Pharma. In the power space, the top gainers were Torrent Power, GMR Infra, GVK Power and NTPC.
Market trades higher: Nifty hits new all time high
The markets are trading firm at the higher levels and Nifty has touched a new life time high at 6068. Sensex and Nifty are trading near the day's high. Broader markets have also participated in the uptrend CNX Midcap and BSE Smallcap are each up 2%. Breadth is extremely strong at 4:1. Cues from the global markets have also been very encouraging today. Rupee is trading firm against the dollar at 39.36.
At 12.18 hrs IST, the Sensex is up 255.44 points or 1.28% at 20186.12, and the Nifty up 99.55 points or 1.67% at 6060.15.
About 2396 shares have advanced, 643 shares declined, and 47 shares are unchanged.
Abhishek Ind up 16%, Lanco Infra and Sonata Soft each up 9%, Omaxe up 8%, followed by Rain Calcining, CBoP and Vijaya Bank are some of the gainers in the broader markets. ONGC, Bharti Airtel, HDFC, Nalco, Glaxo Smithkline are the top gainers on the frontline indices. IT pivotals Infosys and TCS are the top losers on the Sensex as well as Nifty. Infosys is down 2% and TCS is down nearly 1%.
TataTeleservice, Ispat Industries, Centurion Bank, Reliace Inds and Bharti Airtel were some of the most active counters on the bourses today. Pharma stocks were in focus today and the top winners in this sector were Pfizer, Divis Lab, Wyeth and Nicholas Pharma. In the power space, the top gainers were Torrent Power, GMR Infra, GVK Power and NTPC.
Mkts in momentum; power, oil&gas pharma stocks up
The markets have gained further points and were trading strong on account of good amount of buying witnessed across the board led by power, oil & gas, metal and pharma stocks. Market breadth was extremely strong with good volumes so far.
At 11.30 pm, the Sensex is up 226.48 points or 1.14% at 20157.16, and the Nifty up 89.70 points or 1.50% at 6050.30. About 2408 shares have advanced, 629 shares declined, and 49 shares are unchanged.
Top gainers on the Nifty are NALCO at Rs 397 up 5.22%, Grasim at Rs 3,720 up 3.13% and GAIL at Rs 513.80 up 2.73%. Top losers on the Nifty are Sun Pharma at Rs 1,110.55 down 0.95%, Infosys at Rs 1,732.25 down 0.94% and Tata Motors at Rs 764 down 0.32%. TataTeleservice, Ispat Industries, Centurion Bank, Reliace Inds and Bharti Airtel were some of the most active counters on the bourses today.
Pharma stocks were in focus today and the top winners in this sector were Pfizer at 781, Divis Lab at 1815, Wyeth at 500 and Nicholas Pharma at 321.95. In the power space, the top gainers were Torrent Power, GMR Infra, GVk Power and NTPC.
Markets open firm; power, metal stocks gain
The markets opened on firm note today ahead of Fed meeting in line with its global peers. Cues from the global markets were good today. Oil & gas, metal and power stocks were strong in the early trade.
At 9:56 am, Nifty was up 54 points at 6014 and Sensex was up 101 pints at 20031. Major gainers in the early trade were Reliance Inds, GAIL, HPCL, SAIL, Unitech, Tata Steel, Sterlite inds, BHEL, Cipla, Nalco, Ambuja Cement, MTNL, NTPC and L&T. However, HCL Tech and Rel Comm were little subdued.
Asian markets were trading higher. Hong Kong's Hang Seng surged 1.15% or 327.55 points at 28,828.65, Japan's Nikkei rose 0.71% or 113.62 points at 16,038.01, Taiwan's Taiwan Weighted gained 0.25% or 21.28 points at 8,619.31, Singapore's Straits Times advanced 0.37% or 13.11 points at 3,566.19 and South Korea's Seoul Composite shot up 0.47% or 8.98 points at 1,915.40.
US markets: Wall Street ended higher ahead of Fed rate decision today and financial stocks also added some positive momentum in the markets. The Dow gained 101.45 points, or 0.74%, to 13,727.03. The Standard & Poor's 500 index shot up 11.30 points, or 0.75%, to 1,515.96. The Nasdaq composite index advanced 12.79 points, or 0.47%, to 2,718.95.
Market cues:
* FIIs net buy USD 1.3 million in equity on Dec 7
* MFs net buy Rs 71.1 crore in equity on Dec 7
* NSE F&O Open Interest up by Rs 2307 crore at Rs 1,02,690 crore
Source: Moneycontrol.com
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