Markets soar ahead of Fed meet
It was a fantastic session for the markets as they closed with huge gains on a new life time high. India was among the best performing markets in Asia. Sensex added 350 points closing near 20300 levels. After a lot of attempts Nifty not only ended above 6000 but also hit 6100 mark and closed just below that mark.
Sensex was up 360.21 points or 1.81% at 20290.89, and the Nifty up 136.65 points or 2.29% at 6097.25.
Bharti Airtel (up 6.21% to Rs 1,030.70), ONGC (up 3.68% to Rs 1,238.45) spurted.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries rose 1.87% to Rs 2,875.40. As per reports, Reliance Industries (RIL), has struck a deal to explore uranium in Australia, as soaring demand and prices turn the heavy radioactive metal into a lucrative commodity. RIL, through its subsidiary RIL (Australia), has signed an agreement with Uranium Exploration Australia (UXA) to buy 49% in eight exploration blocks owned by the company in South Australia and Northern Territory, reports suggest.
Banking stocks gained. HDFC Bank (up 5.2% to Rs 1,781.30),Indian Overseas Bank (up 4.76% to Rs 185), ICICI Bank (up 2.34% to Rs 1,303.50), and State Bank of India (up 0.72% to Rs 2,441.90) edged higher.
Realty stocks surged. Ansal Propertes & Infrastructure (up 16.88% to Rs 340), Unitech (up 7.39% to Rs 475), Indiabulls Real Estate (up 1.98% to Rs 728) edged higher. DLF declined 1.35% to Rs 1,012.
Metal stocks rose. Shri Precoated Steel (up 10% to Rs 382.10), National Aluminium Company (up 5.55% to Rs 404), Sterlite Industries (up 3.28% to Rs 1,109.90), Steel Authority of India (up 2.14% to Rs 276,95), Hindalco Industries (up 3.73% to Rs 200.30), Tata Steel (up 0.06% to Rs 834) edged higher.
Auto stocks also gained. Tata Motors (up 0.49% to Rs 770), Maruti suzuki India (up 3.64% to Rs 1,083.50), Hero Honda Motors (up 1.94% to Rs 699.50) and Bajaj Auto (up 3% to Rs 2,793.90) edged higher.
Infosys (down 0.54% to Rs 1,739), Ambuja Cements (down 0.27% to Rs 150.50), Reliance Energy (down 0.46% to Rs 1,937.15) and Bharat Heavy Electricals (down 0.27% to Rs 2,670.25) edged lower.
Sensex was up 360.21 points or 1.81% at 20290.89, and the Nifty up 136.65 points or 2.29% at 6097.25.
Bharti Airtel (up 6.21% to Rs 1,030.70), ONGC (up 3.68% to Rs 1,238.45) spurted.
India’s largest private sector firm by market capitalization & oil refiner Reliance Industries rose 1.87% to Rs 2,875.40. As per reports, Reliance Industries (RIL), has struck a deal to explore uranium in Australia, as soaring demand and prices turn the heavy radioactive metal into a lucrative commodity. RIL, through its subsidiary RIL (Australia), has signed an agreement with Uranium Exploration Australia (UXA) to buy 49% in eight exploration blocks owned by the company in South Australia and Northern Territory, reports suggest.
Banking stocks gained. HDFC Bank (up 5.2% to Rs 1,781.30),Indian Overseas Bank (up 4.76% to Rs 185), ICICI Bank (up 2.34% to Rs 1,303.50), and State Bank of India (up 0.72% to Rs 2,441.90) edged higher.
Realty stocks surged. Ansal Propertes & Infrastructure (up 16.88% to Rs 340), Unitech (up 7.39% to Rs 475), Indiabulls Real Estate (up 1.98% to Rs 728) edged higher. DLF declined 1.35% to Rs 1,012.
Metal stocks rose. Shri Precoated Steel (up 10% to Rs 382.10), National Aluminium Company (up 5.55% to Rs 404), Sterlite Industries (up 3.28% to Rs 1,109.90), Steel Authority of India (up 2.14% to Rs 276,95), Hindalco Industries (up 3.73% to Rs 200.30), Tata Steel (up 0.06% to Rs 834) edged higher.
Auto stocks also gained. Tata Motors (up 0.49% to Rs 770), Maruti suzuki India (up 3.64% to Rs 1,083.50), Hero Honda Motors (up 1.94% to Rs 699.50) and Bajaj Auto (up 3% to Rs 2,793.90) edged higher.
Infosys (down 0.54% to Rs 1,739), Ambuja Cements (down 0.27% to Rs 150.50), Reliance Energy (down 0.46% to Rs 1,937.15) and Bharat Heavy Electricals (down 0.27% to Rs 2,670.25) edged lower.
Labels: Nifty.Sensex
posted by SY at 5:40 PM
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