At 13.37 hrs IST, the Sensex was up 190 points and trading near its day’s high. All BSE sectoral indices were trading positive. The BSE metal index outperformed the other sectoral indices; it was up over 3.5%. Good buying interest was seen in realty, pharma, IT, capital goods, FMCG and auto stocks. Stocks like Reliance, Infosys, Bharti Airtel, ICICI Bank, SBI and SAIL were major contributors to the indices. Out of Sensex 30 stocks, only HDFC was trading in red.At 13.37 hrs IST, the Sensex was up 190.61 points or 1.99% at 9758.75, and the Nifty was up 58.85 points or 1.98% at 3037.The market breadth was positive, about 1680 shares advanced, 1262 shares declined, and 140 shares were unchanged.
Ambareesh Baliga of Karvy Stock Broking sees a mild pullback during trade today but does not think it will be strong enough to take the market beyond the 3,100-3,150 level. After this pullback, he expects the markets to be in a range of around 2,800-2,850 over the next five or six sessions. Till the elections, Baliga estimates the Nifty to be rangebound between 2,700 and 3,050. The BSE midcap and smallcap indices were up 2% and 1% respcectively.
Top gainers on the BSE Midcap were ICSA at Rs 89 up 15.66%, Gitanjali Gems at Rs 46.65 up 11.20% and Bhushan at Rs 364 up 9.59%.
Top gainers on the Sensex were Tata Motors at Rs 184.20 up 6.91%, Jaiprakash Asso at Rs 83.60 up 6.50%, Tata Steel at Rs 208.80 up 6.45%, Hindalco at Rs 52.50 up 4.58% and ACC at Rs 590.45 up 4.51%.
Cigarette major ITC was trading at Rs 184.70 up 3.24% from its previous close of Rs 178.90.
Refinery major HPCL was trading at Rs 266.70 up 1.43% from its previous close of Rs 262.95.
Source : www.moneycontrol.com/india/news/local-markets/mkts-surge-metals-reality-pharma-it-capital-goods-up/391134
Ambareesh Baliga of Karvy Stock Broking sees a mild pullback during trade today but does not think it will be strong enough to take the market beyond the 3,100-3,150 level. After this pullback, he expects the markets to be in a range of around 2,800-2,850 over the next five or six sessions. Till the elections, Baliga estimates the Nifty to be rangebound between 2,700 and 3,050. The BSE midcap and smallcap indices were up 2% and 1% respcectively.
Top gainers on the BSE Midcap were ICSA at Rs 89 up 15.66%, Gitanjali Gems at Rs 46.65 up 11.20% and Bhushan at Rs 364 up 9.59%.
Top gainers on the Sensex were Tata Motors at Rs 184.20 up 6.91%, Jaiprakash Asso at Rs 83.60 up 6.50%, Tata Steel at Rs 208.80 up 6.45%, Hindalco at Rs 52.50 up 4.58% and ACC at Rs 590.45 up 4.51%.
Cigarette major ITC was trading at Rs 184.70 up 3.24% from its previous close of Rs 178.90.
Refinery major HPCL was trading at Rs 266.70 up 1.43% from its previous close of Rs 262.95.
Source : www.moneycontrol.com/india/news/local-markets/mkts-surge-metals-reality-pharma-it-capital-goods-up/391134
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