It was green all over the screen today with bulls going full throttle across the globe. The pullback was powered by short covering. The 30-share BSE Sensex was trading at 17,154, up 296 points and the 50-share NSE Nifty jumped 93 points to 5,166.
Tata Motors was leading the largecap space, gaining 6% as it had beaten quite badly on fears of slowdown in US and Europe.
Among other laregcaps, top gainers like Hindalco, M&M, DLF, Infosys and SAIL surged 3.5-5%.
ONGC lost 1.5% on profit booking. Earlier the stock rallied, when the markets sharply corrected in previous five sessions, on hopes that subsidy sharing burden may come down post more than 20% fall in crude oil prices in last few sessions.
HUL, Bharti Airtel, Sun Pharma, BPCL and GAIL too were under pressure, with falling 0.5-1%.
In the midcap space, Monsanto India jumped 13% as company will consider bonus share issue on August 13.
Among other midcaps, Page Industries, India Securities, Jubilant Foodworks and Gujarat NRE Coke were up 8-9%.
In the smallcap space, Midvalley Enterprises shot up 17%. EIH Associated Hotel, Nitin Fire Protection, Aanjaneya Life and Zenith Infotech rallied 9-10%.
At 11:00 hours IST : Nifty scores a ton; broader indices on fire
The bulls are back with a vengeance and how. The 30-share BSE Sensex surged 329 points to 17,186 and the 50-share NSE Nifty scored 103 points to 5,176.
Sectors like technology, realty, auto, bank, metal and capital goods, which got butchered in previous five sessions on poor global cues, were seeing huge buying interest. Their respective sectoral indices rallied anywhere between 2-3%.
Broader indices were outperforming the benchmarks. The BSE Midcap Index went up 2.2% and Smallcap gained nearly 3%.
Market breadth too was strong - about 11 shares gained for every one share declined.
Asian markets like Hang Seng and Taiwan were up 3-3.5%. Shanghai, Nikkei and Kospi rose 1-2%.
At 10:32 hours IST: Sensex up 350 pts; ONGC, BPCL, HUL, Grasim trail
Indian equity benchmarks are celebrating the rally seen across globe. The 30-share BSE Sensex shot up 355 points to 17,213 and the 50-share NSE Nifty jumped 110 points to 5,183.
Heavyweights like TCS, Reliance Industries, Infosys, HDFC Bank, SBI, ICICI Bank, BHEL and L&T gained 2-4%. Sterlite Industries, SAIL and Tata Motors rallied 3.5-5%. ONGC, HUL, Grasim and BPCL were the only losers on Nifty.
SBI, Tata Steel, Inventure Growth, Reliance Industries, Mahindra Satyam, Infosys, TCS and M&M were most active shares on exchanges.
Among midcaps, Monsanto India, Jubilant Foodworks, Jai Corp, Gujarat NRE Coke and Jindal PolyFilm rallied 7-11%. However, KGN Industries lost 5%.
Brent crude too went up by USD 2.4 /bbl to USD 105/bbl.
At 9:56 hours IST : Sensex holds 300 pts gain; Tata Motors, Hindalco, TCS surge
The benchmark Sensex was holding the 300 points gain led by buying across sectors. Technology, banking, capital goods and metal were the prominent sectors; respective sectoral indices gained 2-3%.
The Nifty was trading steady above the 5150 level; it shot up 99 points to 5,172 on support from 46 stocks. The 30-share BSE Sensex jumped 321 points to 17,178.
Tata Motors, Hindalco, Sterlite Industries, DLF, TCS and HCL Tech were top gainers among largecaps, rising between 3% and 4.5%. HUL, GAIL and Sun Pharma were other gainers.
Fore More Information :- India times news
http://www.moneycontrol.com/news/local-markets/sensex-holdsto-early-gains-tata-motors-top-gainer_574973.html
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