Markets surge;gains widespread
The market had surged in opening trade, tracking firm global markets.The market extended its gains from an early surge, and are trading in with hefty gains on heavy buying seen in scrips across sectors.At 12.30 pm the Nifty 50 index is trading 89 points up at 3854 while the BSE 30 sensex is trading 278 points up at 13225.
IT, banking, telecom stocks, FMCG pivotals and index heavyweight Reliance Industries (RIL) nudged higher. A strong showing by Indian ADRs on Wednesday also aided the early surge on the domestic bourses.
Reliance Industries (RIL) rose 1.5% to Rs 1360. Reliance Industries and Rohm and Haas Company have entered into a memorandum of understanding (MoU) to explore the joint construction of a world-scale, acrylic-monomer complex in Jamnagar, Gujarat. This proposed facility will have the capacity to make approximately 200 thousand tonnes of acrylic acid and its esters annually. Materials from the facility are intended to serve as building blocks for environmentally advanced products for paints and coatings, packaging adhesives, detergents, textile and construction materials. The new facility is expected to spur development of super-absorbent polymers, used primarily in the manufacture of baby diapers.
Top gainers on the indices are BHEL, Maruti, ONGC.
IT, banking, telecom stocks, FMCG pivotals and index heavyweight Reliance Industries (RIL) nudged higher. A strong showing by Indian ADRs on Wednesday also aided the early surge on the domestic bourses.
Reliance Industries (RIL) rose 1.5% to Rs 1360. Reliance Industries and Rohm and Haas Company have entered into a memorandum of understanding (MoU) to explore the joint construction of a world-scale, acrylic-monomer complex in Jamnagar, Gujarat. This proposed facility will have the capacity to make approximately 200 thousand tonnes of acrylic acid and its esters annually. Materials from the facility are intended to serve as building blocks for environmentally advanced products for paints and coatings, packaging adhesives, detergents, textile and construction materials. The new facility is expected to spur development of super-absorbent polymers, used primarily in the manufacture of baby diapers.
Top gainers on the indices are BHEL, Maruti, ONGC.
Labels: Nifty.Sensex
posted by SY at 12:30 PM
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