Markets end higher for 2nd day!!
The markets ended higher for the second straight session on the back of buying seen in scrips across sectors. The rally was inline with Asian markets. Capital goods, power, pharma and metal stocks were among the major gainers. Select auto stocks were under pressure.BHEL and NTPC continued the uptrend and were the top gainers and the other gainers were HDFC and Zee Entertainment.
Sensex closed up 162.19 points or 1.28% at 12786.77, and the Nifty up 42.60 points or 1.15% at 3733.25.
Index heavyweight Reliance Industries (RIL) gained 1.6% to Rs 1364, on reports that it was planning to set up two gas-based projects.
PSU power equipment major Bhel surged 4% to Rs 2349, extending gains from Tuesday's reported 42% growth in provisional net profit for the year ended 31 March 2007.
Housing finance major, HDFC, gained 5% to Rs 1495. The scrip had declined 6.3% in the past two days, after raising the lending rate by 75 basis points following a hike in a short-term rate by the Reserve Bank of India (RBI).
Banking scrips advanced ahead of the weekly inflation data, which is due to on Thursday. ICICI Bank gained 1.6% to Rs 817.50 and State Bank of India rose 0.5% to Rs 931.80. India's wholesale price inflation rate is expected at 6.29% for the 12 months to 24 March 2007, falling from an annual rise of 6.46% a week earlier. The data will be released on Thursday (5 April), instead of on Friday. Stock exchanges will remain closed for a public holiday on Friday.
Sensex closed up 162.19 points or 1.28% at 12786.77, and the Nifty up 42.60 points or 1.15% at 3733.25.
Index heavyweight Reliance Industries (RIL) gained 1.6% to Rs 1364, on reports that it was planning to set up two gas-based projects.
PSU power equipment major Bhel surged 4% to Rs 2349, extending gains from Tuesday's reported 42% growth in provisional net profit for the year ended 31 March 2007.
Housing finance major, HDFC, gained 5% to Rs 1495. The scrip had declined 6.3% in the past two days, after raising the lending rate by 75 basis points following a hike in a short-term rate by the Reserve Bank of India (RBI).
Banking scrips advanced ahead of the weekly inflation data, which is due to on Thursday. ICICI Bank gained 1.6% to Rs 817.50 and State Bank of India rose 0.5% to Rs 931.80. India's wholesale price inflation rate is expected at 6.29% for the 12 months to 24 March 2007, falling from an annual rise of 6.46% a week earlier. The data will be released on Thursday (5 April), instead of on Friday. Stock exchanges will remain closed for a public holiday on Friday.
Labels: Nifty.Sensex
posted by SY at 4:58 PM
0 Comments:
Post a Comment
<< Home