It was a day of absolute strength for the markets. The bulls were back with vengence they not only reversed yesterday's loses but added more weight to close near the highest point of the day. Sensex added over 1150 points and Nifty closed with gains of around 350 points. The breadth wasin favour of advances and NSE advance:decline was at 3:1. Banking, power and realty stocks were among the star performers. Broader markets alos joined in the party and ended higher but the frontliners outperformed .
In the midcap space Essar Oil up 12%, Bajaj Hindustan up 11% followed by Indiabulls, Bank of Indian and Eduomp were up 7% each.
All the Sensex and Nifty stocks closed in green. Stocks were buzzing today Unitech was up 20%, Reliance Energy up 11%, L&T up 10%. ICICI Bank, ONGC and Nalco were up over 9% each, followed by GAIL, Ranbaxy, Tata Motors, Mahindra & Mahindra and Sun Pharma.
On a weekly basis, Nifty closed down 320 points after swinging around 910 points Sensex down over 600 points after swinging over 3050 points. This week saw the biggest single day absolute gain for Sensex.
Sensex closed up 1,139.92 points or 6.62% at 18361.66, and the Nifty up 349.90 points or 6.95% at 5383.35.
About 1629 shares have advanced, 1309 shares declined, and 47 shares are unchanged
The BSE Midcap Index ended at 8,021.12 up 6.4%.
The BSE Smallcap Index ended at 10,420.90 up 4%.
The BSE Bankex was up 7.5% at 11,379.77. IOB, ICICI Bank, Centurion bank, Axis closed in green.
The BSE Capital Goods Index closed at 17,463.18 up 6.6%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.
The BSE Auto Index closed at 4,842.87 up 6%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher
The BSE Metal Index closed at 15,603.79 up 10%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.
The BSE FMCG Index closed up 5% at 2,160.03. Colgate, ITC, Nestle, Dabur ended higher
BSE Oil and Gas Index closed at 11,197.84 up 7%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.
The BSE IT Index was at 3,800.36 up 6%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 13388.84 crore and the NSE F&O turnover was at Rs 39007.70 crore. The BSE cash turnover was Rs 5206.56 crore. Total market wide turnover was at Rs 57603.10 crore.
Mkt trades with hefty gains: Sensex, Nifty up 5%
The markets continue to trade stable at the higher levels with hefty gains. Sensex is trading well above 18,000 mark with a handsome gains of over 800 points. Nifty is hovering around 5,300 mark and is up over 250 points. The breadth is in favour of advances and NSE Advance:Decline is at 2:1. Banking, power and realty stocks are among the gainers. Broader markets are also doing well along with the frontliners but the frontliners have outperformed.
At 2 pm, the Sensex is up 948.09 points or 5.51% at 18169.83, and the Nifty up 294.25 points or 5.85% at 5327.70. About 1352 shares have advanced, 1589 shares declined, and 42 shares are unchanged.
In the midcap space Essar Oil up 12%, Bajaj Hindustan up 11% followed by Indiabulls, Bank of Indian and Eduomp are 7% each.
All the Sensex and Nifty stocks are trading in green. ICICI Bank, Unitech and ONGC, Reliance Energy which has breached Rs 2000, and Nalco are up over 9% each, followed by GAIL, Ranbaxy, Tata Motors, Mahindra & Mahindra and Sun Pharma.
Neyvelli Lignite and GMR Infra are up over 8% each. IndusInd Bank, RNRL, RPL, Reliance, Essar Oil were the most active counters on the bourses today so far.
All the BSE sector indices are in green realty and bank index are up over 6%, followed by metal, oil & gas, power indices up over 5%. Auto, capital goods and FMCG index are up over 4%.
Bankex is up nearly 7%. In the banking space, Axis Bank, ICICI bank, Bank Of Baroda, PNB and IFCI were trading with hefty gains.
IT index is an underperformer compared to rest and is up 3%. In the IT sector, I Flex Solution, Patni Computer, Financial Tech and Infosys were leading from the front.
BSE Power index is up over 5%. Power stocks were also in focus, leading gainers in this space were Rel Energy, GMR Infra, Suzlon Energy and Tata Power.
Mkt trading at day's high: Sensex above 18K
The markets have surged and are trading at day's high on account of heavy buying seen in scrips across sectors. Sensex is trading well above 18,000 mark and has breached 18,100 with a hefty gain of 900 points. Nifty has breached 5,300 mark and is up nearly 300 points. Banking, power and realty stocks. Broader markets are also doing well along with the frontliners. Market breadth has been very impressive so far with good volume.
At 12.05 hrs IST, the Sensex is up 914.58 points or 5.31% at 18136.32, and the Nifty up 278.35 points or 5.53% at 5311.80.
About 1267 shares have advanced, 1663 shares declined, and 53 shares are unchanged.
All the Sensex and Nifty stocks are trading in green. ICICI Bank, Unitech and ONGC, Reliance Energy which has breached Rs 2000, and Nalco are up over 9% each, followed by GAIL, Ranbaxy, Tata Motors, Mahindra & Mahindra and Sun Pharma.
Neyvelli Lignite and GMR Infra are up over 8% each. IndusInd Bank, RNRL, RPL, Reliance, Essar Oil were the most active counters on the bourses today so far.
All the BSE sector indices are in green realty and bank index are up over 6%, followed by metal, oil & gas, power indices up over 5%. Auto, capital goods and FMCG index are up over 4%.
Bankex is up nearly 7%. In the banking space, Axis Bank, ICICI bank, Bank Of Baroda, PNB and IFCI were trading with hefty gains.
IT index is an underperformer compared to rest and is up 3%. In the IT sector, I Flex Solution, Patni Computer, Financial Tech and Infosys were leading from the front.
BSE Power index is up over 5%. Power stocks were also in focus, leading gainers in this space were Rel Energy, GMR Infra, Suzlon Energy and Tata Power.
Mkts in momentum; bank,power stocks surge
The markets are still trading extremely strong and have gained further as some more accumulation was witnessed in the banking, powewr and realty stocks. Midcaps are also doing well along with the frontliners but the smallcap index on the BSE is little subdued.
At 11.22 hrs IST, the Sensex is up 733.55 points or 4.26% at 17955.29, and the Nifty up 236.95 points or 4.71% at 5270.40. About 1194 shares have advanced, 1739 shares declined, and 50 shares are unchanged.
Market breadth has been very impressive so far with good volume. On NSE over 700 stocks are green against nearly 300 stocks on the downside.
IndusInd Bank, RNRL, RPL, Reliance, Essar Oil were the most active counters on the bourses today so far. Top Sensex gainers are ONGC, Rel Energy, ICICI Bank, M&M and Tata Motors.
In the banking space, Axis Bank, ICICI bank, Bank Of Baroda, PNB and IFCI were trading with hefty gains.
In the IT sector, I Flex Solution, Patni Computer, Financial Tech and Infosys were leading from the front. Power stocks were also in focus, leading gainers in this space were Rel Energy, GMR Infra, Suzlon Energy and Tata Power.
Mkts in momentum; power, bank, IT, oil&gas stocks in focus
The markets have gained further ground and are in momentum on the back of heavy buying seen across the sectors. All the key BSE indices are in green with substantial gains led by the banking, power, oil & gas and IT space.
Market breadth has been very impressive so far with good volume. On NSE over 700 stocks are green against nearly 300 stocks on the downside.
At 10.48 hrs IST, the Sensex is up 724.98 points or 4.21% at 17946.72, and the Nifty up 228.35 points or 4.54% at 5261.80. About 1223 shares have advanced, 1700 shares declined, and 60 shares are unchanged.
Major gainers on the Sensex were ONGC, Reliance Energy, Bajaj Auto. Major gainers on the NSE were Reliance Energy, Sun Pharma and Nalco.
IndusInd Bank, RNRL, RPL, Reliance, Essar Oil were the most active counters on the bourses today so far.
Mkts open on strong note; power, IT,metal stocks up
The markets opened on a very strong note today taking cues from the global markets. Heavy buying was witnessed in the opening trade today across the sectors led by power, metal, IT and oil & gas. Asia was trading extremely strong baring Sanghai and the US markets also closed with smart gains yesterday.
At 9:56 am, Sensex was up 402 points at 17664 and Nifty was up 114 points at 5147. major gainers in the opening trade were Rel Petroleum, Reliance Energy, BHEL, Infosys, Unitech, DLF, Tisco, ONGC, Cipla, NTPC and Rel Comm.
Asian markets were trading firm. Hong Kong's Hang Seng surged 4.98% or 1171.19 points at 24,710.46. Japan's Nikkei rose 2.80% or 367.05 points at 13,459.83. Taiwan's Taiwan Weighted advanced 2.48% or 186.20 points at 7,703.45. Singapore's Straits Times was up 2.63% or 80.25 points at 3,130.34. South Korea's Seoul Composite shot up 1.42% or 23.67 points at 1,686.67.
US markets: The Dow Jones gained 108.44 points, or 0.88%, to 12,378.61. The Standard & Poor's 500 index advanced 13.47 points, or 1.01%, to 1,352.07, and the Nasdaq composite index rose 44.51 points, or 1.92%, to 2,360.92.
Market cues:
* FIIs net sell USD 619.7 million in equity
* MFs net buy Rs 876.9 cr in equity
* NSE F&O Open Interest down by Rs 4441 crore at Rs 85,574 crore
Source: Moneycontrol.com
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