Markets still in green
Firm global markets boosted the domestic bourses with the Sensex hitting 20,000 level in early trade.Market came off higher level in afternoon trade as Reliance Industries pared gains. ICICI Bank held firm. Power, healthcare and realty stocks were in demand. Cipla surged. Market breadth was strong.
At 12:20 IST, the 30-share BSE Sensex was up 197.59 points or 1% to 19,935.66.The broader S&P CNX Nifty was up 55.80 points or 0.94% to 5995.80.
Reliance Industries rose 0.51% to Rs 2917.50, off day’s high of Rs 2955. The company and Kuwait Petroleum (KPC), the national oil major of Kuwait, have reportedly begun the first round of discussions for scripting a mega joint collaboration across the oil and gas vertical. KPC is keen to rope in RIL as a partner in its upcoming projects in Kuwait in both refining and petrochemicals.
India’s largest private sector bank by assets ICICI Bank rose 2.88% to Rs 1195.10.
India’s second largest software exporter Infosys Technologies gained 2.17% to Rs 1638.05.
India’s top state run oil explorer by market capitalization ONGC gained 1.55% to Rs 1225, on reports its unit ONGC Videsh would join up with the Hinduja Group to develop two major oil and gas assets in Iran.
The BSE Power index was up 1.96% to 4,630.87. Gujarat Industries Power jumped 4.71% to Rs 115.65, NTPC gained 354% to Rs 252.80, Reliance Energy gained 2.88% to Rs 1942 and Tata Power rose 1.28% to Rs 1327.35.
The BSE Healtcare index was up 2.19% to 4,037.11. Cipla soared 5.49% to Rs 199.75, Sun Pharma Advanced Research Company surged 15% to Rs 108.60, Pfizer soared 4.45% to Rs 740 and Sterlite Biotech gained 3.68% to Rs 161.65.
Drug maker Glenmark Pharmaceuticals jumped 4.86% to Rs 508.05. The company reportedly plans to acquire a distribution and marketing company in Indonesia, in a bid to increase its foothold in Asia’s emerging markets.
The BSE Realty index was up 2.51% to 11,228.76. DLF rose 0.75% to Rs 962.10, Omaxe surged 13.59% to Rs 488.05, Indiabulls Real Estate jumped 5.44% to Rs 696, Sobha Developers gained 3.50% to Rs 921.50 and Penland spurted 7.72% to Rs 143.
India’s second largest realty firm by market capitalization Unitech rose 3.44% to Rs 406.10 on reports it may hive off its retail business i.e. the mall development business as a separate company.
Apparel firm House of Pearl soared 8% to Rs 282.45 after the company said it has acquired UK-based import and distribution company, FX Imports, which would help add Rs 200 crore in revenue in 3 years.
Essar Steel, part of the Essar Group, was locked at upper limit of 20% at Rs 71.10 following an order passed by Securities Appellate Tribunal prohibiting the firm from delisting.
Pharmaceutical packaging material maker Bilcare rose 0.88% to Rs 1327.25, off day’s high of Rs 1398 after the company signed a deal to set up a Rs 88.40 crore clinical supplies unit in Wales.
At 12:20 IST, the 30-share BSE Sensex was up 197.59 points or 1% to 19,935.66.The broader S&P CNX Nifty was up 55.80 points or 0.94% to 5995.80.
Reliance Industries rose 0.51% to Rs 2917.50, off day’s high of Rs 2955. The company and Kuwait Petroleum (KPC), the national oil major of Kuwait, have reportedly begun the first round of discussions for scripting a mega joint collaboration across the oil and gas vertical. KPC is keen to rope in RIL as a partner in its upcoming projects in Kuwait in both refining and petrochemicals.
India’s largest private sector bank by assets ICICI Bank rose 2.88% to Rs 1195.10.
India’s second largest software exporter Infosys Technologies gained 2.17% to Rs 1638.05.
India’s top state run oil explorer by market capitalization ONGC gained 1.55% to Rs 1225, on reports its unit ONGC Videsh would join up with the Hinduja Group to develop two major oil and gas assets in Iran.
The BSE Power index was up 1.96% to 4,630.87. Gujarat Industries Power jumped 4.71% to Rs 115.65, NTPC gained 354% to Rs 252.80, Reliance Energy gained 2.88% to Rs 1942 and Tata Power rose 1.28% to Rs 1327.35.
The BSE Healtcare index was up 2.19% to 4,037.11. Cipla soared 5.49% to Rs 199.75, Sun Pharma Advanced Research Company surged 15% to Rs 108.60, Pfizer soared 4.45% to Rs 740 and Sterlite Biotech gained 3.68% to Rs 161.65.
Drug maker Glenmark Pharmaceuticals jumped 4.86% to Rs 508.05. The company reportedly plans to acquire a distribution and marketing company in Indonesia, in a bid to increase its foothold in Asia’s emerging markets.
The BSE Realty index was up 2.51% to 11,228.76. DLF rose 0.75% to Rs 962.10, Omaxe surged 13.59% to Rs 488.05, Indiabulls Real Estate jumped 5.44% to Rs 696, Sobha Developers gained 3.50% to Rs 921.50 and Penland spurted 7.72% to Rs 143.
India’s second largest realty firm by market capitalization Unitech rose 3.44% to Rs 406.10 on reports it may hive off its retail business i.e. the mall development business as a separate company.
Apparel firm House of Pearl soared 8% to Rs 282.45 after the company said it has acquired UK-based import and distribution company, FX Imports, which would help add Rs 200 crore in revenue in 3 years.
Essar Steel, part of the Essar Group, was locked at upper limit of 20% at Rs 71.10 following an order passed by Securities Appellate Tribunal prohibiting the firm from delisting.
Pharmaceutical packaging material maker Bilcare rose 0.88% to Rs 1327.25, off day’s high of Rs 1398 after the company signed a deal to set up a Rs 88.40 crore clinical supplies unit in Wales.
Labels: Nifty.Sensex
posted by SY at 1:39 PM
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