It was a day of absolute strength for the markets as they closed near the high point of the day breaching some important psychological levels. Sensex has breached 16,000 mark while the Nifty closed above 4850 levels. Both Sensex and Nifty up 6% each. It was the second biggest single day point gain for Sensex. Heavy buying was seen in scrips across sectors.
The broader markets are also following the suit and the midcap index closed with a bump up of 6%.
All the BSE sector indices closed in green; IT, realty, bank stocks were among the top gainers of the day.
The cues from global peers were encouraging as most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
JP Associates, Reliance Energy, DLF, Unitech, ICICI Bank, Tata Power, TCS Infosys, Satyam, Reliance Communication, Tata Steel, SAIL, were among the gainers.HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco also ended higher.
Sensex closed up 928.09 points or 6.07% at 16217.49, and the Nifty up 267.65 points or 5.81% at 4877.50.
About 2180 shares have advanced, 818 shares declined, and 62 shares are unchanged.
The BSE Midcap Index ended at 6,174.49 up 6.4%.
The BSE Smallcap Index ended at 7,284.64 up 5%.
The BSE Bankex closed at 8,371.34 up 8%. HDFC, HDFC Bank, IOB, ICICI Bank, Centurion bank, Axis closed in green.
The BSE Capital Goods Index closed at 13,867.60 up 5%. L&T, ABB, BHEL, Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.
The BSE Auto Index closed at 4,582.05 up 4%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher.
The BSE Metal Index closed at 13,607.64 up 6.4%. SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.
The BSE FMCG Index closed up 2% at 2,226.78. HUL, Colgate, ITC, Nestle, Dabur ended higher
BSE Oil and Gas Index closed at 10,308.80 up 6%. Cairn, Reliance, RPL, BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.
The BSE IT Index was at 3,686.35 up 8%. HCL Tech, Infosys, Tech mahindra, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 14168.97 crore and the NSE F&O turnover was at Rs 66627.57 crore. The BSE cash turnover was Rs 6863.88 crore. Total market wide turnover was at Rs 87660.42 crore.
2:59 pm: It has been a day of absolute strength for markets led by the frontliners. Heavy buying seen in scrips across sectors. Both Sensex and Nifty up 6% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 6%. Sensex has breached 16,000 mark while the Nifty is above 4800 levels.
At 14.59 hrs IST, the Sensex is up 806.82 points or 5.28% at 16096.22, and the Nifty up 253.45 points or 5.50% at 4863.30.
About 2098 shares have advanced, 894 shares declined, and 68 shares are unchanged.The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
Mkts rally: Sensex hits 16,200; Nifty above 4800
1:49 pm: The markets continue to trade stronger as all BSE sectoral indices have witnessed buying interest. The realty and banking indices have outperformed the other sectoral indices and is up nearly 8% each. All of BSE Sensex's 30 stocks are trading in green.
At 1:49 hrs IST, the Sensex is up 903.67 points or 5.91% at 16193.07, and the Nifty up 259.70 points or 5.63% at 4869.55.
About 2119 shares have advanced, 883 shares declined, and 58 shares are unchanged.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Top gainers on the Sensex are ICICI Bank at Rs 880.00 up 9.38%, HDFC at Rs 2,586.00 up 8.47% and Infosys at Rs 1,460.05 up 7.25%.
Top gainers on the Nifty are HDFC at Rs 2,616.00 up 9.93%, Unitech at Rs 276.35 up 9.16% and Tata Power at Rs 1,191.00 up 8.83%.
Most active shares on BSE are Axis Bank, HDFC and GSS America Inf.
Top percentage losers on the BSE are IOL Netcom, Securities Cap and Trishakti Elect up 10% each.
Mkts rally: Sensex breaches 16000; Nifty above 4600
12:33 pm: It has been a day of absolute strength for markets led by the frontliners. Heavy buying seen in scrips across sectors. Both Sensex and Nifty up over 4.5% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 4%. Sensex has breached 16,000 mark while the Nifty is above 4800 levels.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
BSE Realty index is up 7.5%; BSE bankex is up 6%, midcap index index is up 4.2% and smallcap index is up 3.5%.
Most of the Asian markets ended in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
At 12.33 hrs IST, the Sensex is up 692.62 points or 4.53% at 15982.02, and the Nifty up 206.50 points or 4.48% at 4816.35.
About 1950 shares have advanced, 1051 shares declined, and 59 shares are unchanged.
JP Associates, Reliance Energy up over 10%, followed by DLF, Unitech, ICICI Bank, Tata Power, TCS were up 8% each. Infosys, Satyam, Reliance Communication were up over 6%. Tata Steel, SAIL, Unitech are among the gainers up over 5% each.
HCL Tech, HDFC Bank, BHEL, ABB, L&T, Hindalco were among the other gainers.
Axis, DLF, JP Associates, HDFC, Reliance and ICICI Bank are among the most active stocks on the bourses.
Mkt trades with hefty gains: Rel Enegy, ICICI Bk up
11:15 am: The markets are trading with hefty gains on heavy buying seen in scrips across sectors. The frontliners have perked up more with both Sensex and Nifty up nearly 4% each. The broader markets are also follwing the suit and the midcap index is trading with a bump up of 3.5%.
Most of the Asian markets were in green as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Sensex is eyeing the 16,000 mark while the Nifty is approaching 4800 levels. At 11.15 hrs IST, the Sensex is up 576.41 points or 3.77% at 15865.81, and the Nifty up 179.20 points or 3.89% at 4789.05.
About 1809 shares have advanced, 1169 shares declined, and 82 shares are unchanged.
The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
Rel Energy, ICICI Bank, Tata Power, JP associates are up over 7%. Tata Steel, SAIL, Unitech, Reliance Communication are among the gainers up over 5% each.
HCL Tech, DLF, Infosys, HDFC Bank, BHEL, ABB, L&T, Tata Steel, Hindalco were among the other gainers.
Rupee is trading strong at Rs 40.11 per dollar
Mkt trades higher: IT, realty, bank stocks surge
The markets are trading strong on the back of encouraging global cues. Nifty is trading with gains of over 100 points and it is 400 points plus gain for the Sensex. The breadth is positive with midcap and smallcap indices trading firm. All the BSE sector indices are in green; IT, realty, bank stocks are among the top gainers of the day.
At 10.06 hrs IST, the Sensex is up 378.97 points or 2.48% at 15668.37, and the Nifty up 133.85 points or 2.90% at 4743.70.
About 1271 shares have advanced, 1725 shares declined, and 64 shares are unchanged.
Reliance Energy, HCL Tech, Unitech, DLF, ICICI Bank, Infosys, HDFC Bank, BHEL, ABB, L&T, Tata Steel, Hindalco were among the gainers.
Rupee is trading strong at Rs 40.13 per dollar
Asian markets were trading higher. Japan's Nikkei rose 1.33%, Hong Kong's Hang Seng gained 3.32%, Singapore's Straits Times added 1.66%, South Korea's Seoul Composite was up 0.97%. However, Taiwan's Taiwan Weighted slipped 0.93%. The US market picked up another triple-digit gain with the Dow gaining 187 points on the day closing at it’s highest level of this month, the Nasdaq up 68 points. US also saw better home sales numbers.
Market cues:
* FIIs net buy $133 mn in equity on Mar 19
* MFs net sell Rs 291.5 cr in equity on Mar 19
* NSE F&O Open Int up by Rs 1017 crore at Rs 64395 crore
F&O cues:
* Futures Open Int up by Rs 448 crore, Options Open Int up by Rs 569 crore
* Nifty Mar Futures shed 26 lakh, Apr Futures add 30 lakh shares in Open Int
* Nifty Open Int PCR unchanged at 0.86
* Nifty Puts, Calls add 6 lakh shares each in Open Int
* Nifty 4500 Put adds 1.7 lakh shares in Open Int
* Nifty 4600 Put adds 1.4 lakh shares in Open Int
* Nifty 4600 Call adds 3.9 lakh shares in Open Int
* Stock Futures Open Int unchanged
Source: Moneycontrol.com
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