Markets on a uptrend
The market opened with a bang, tracking strong global markets.Maintaining the morning's strong momentum fuelled by firm global markets, the domestic market reamined firm in late morning trade as buying interest continued at higher level. Shares across the board including small and mid-caps rallied.
The whole of Asia was trading with a gain of almost 1% and even Europe has opened in green. Buying is seen in scrips across sectors. metal, oil & bank, banking and auto stocks are leading the uptrend followed by realty and construction stocks.
At 1:20 pm, Sensex is trading at 15323 up 231 points and Nifty is up 63 points at 4509.
Hindalco surged 5.30% to Rs 173.20.Bhel (up 2.12% to Rs 1676.10), Ambuja Cements (up 1.74% to Rs 128.50), and HDFC Bank (up 1.73% to Rs 1222) were the other gainers.
Reliance Industries was up 0.58% to Rs 1728.85. The government has set up a Group of Ministers (GoM) to look into all aspects - production to pricing - of gas to be produced from newer areas, particularly in the deep sea. The GoM, headed by External Affairs Minister Pranab Mukherjee, would decide on production, utilisation, transportation and pricing of gas.
Cigarette major ITC gained 1.57% to Rs 155.20 on high volumes of 28.10 lakh shares after a block deal of 26.57 lakh shares was struck on the counter at Rs 155.30 per share on BSE by 10:18 IST.
IT stocks stayed under pressure. IT major TCS lost the most among the Sensex pack. It was down 1.57% to Rs 1143.Wipro declined 0.44% to Rs 509.But IT bellwether Infosys was up 0.7% to Rs 1936.55 on renewed speculation it may bid for Capgemini.Maruti Udyog slipped 0.20% to Rs 826.10.
The whole of Asia was trading with a gain of almost 1% and even Europe has opened in green. Buying is seen in scrips across sectors. metal, oil & bank, banking and auto stocks are leading the uptrend followed by realty and construction stocks.
At 1:20 pm, Sensex is trading at 15323 up 231 points and Nifty is up 63 points at 4509.
Hindalco surged 5.30% to Rs 173.20.Bhel (up 2.12% to Rs 1676.10), Ambuja Cements (up 1.74% to Rs 128.50), and HDFC Bank (up 1.73% to Rs 1222) were the other gainers.
Reliance Industries was up 0.58% to Rs 1728.85. The government has set up a Group of Ministers (GoM) to look into all aspects - production to pricing - of gas to be produced from newer areas, particularly in the deep sea. The GoM, headed by External Affairs Minister Pranab Mukherjee, would decide on production, utilisation, transportation and pricing of gas.
Cigarette major ITC gained 1.57% to Rs 155.20 on high volumes of 28.10 lakh shares after a block deal of 26.57 lakh shares was struck on the counter at Rs 155.30 per share on BSE by 10:18 IST.
IT stocks stayed under pressure. IT major TCS lost the most among the Sensex pack. It was down 1.57% to Rs 1143.Wipro declined 0.44% to Rs 509.But IT bellwether Infosys was up 0.7% to Rs 1936.55 on renewed speculation it may bid for Capgemini.Maruti Udyog slipped 0.20% to Rs 826.10.
Labels: Nifty.Sensex
posted by SY at 1:34 PM
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