Sensex rallies further; RIL, SBI, NTPC, JSPL, BHEL lead
The Sensex strengthened further and gained over 150 points on the back of buying in banking & financial and realty stocks. Heavyweight Reliance Industries (RIL) gained 4% and Tata Power was the top gainer with 5.4% gains.
Among the others, power, metal, select technology, pharma, auto, telecom and capital goods sectors were also seeing buying interest. However, consistent selling in ONGC, Wipro, L&T, Axis Bank, Maruti, Ranbaxy, Idea and Ambuja Cements limited the gains to some extent.
The Sensex was trading at 16974, up 201 points and the Nifty was at 5079, up 62 points. However, the Nifty March future was trading with 8.5 points discount.
Banking and financial stocks like SBI, ICICI Bank, HDFC, HDFC Bank, IDFC, PNB and Reliance Capital were up 1-1.6%.
DLF and Unitech from the realty space gained over 1.8%.
Infosys and TCS from the technology pack went up 0.6% each while Wipro fell 0.75%. Power stocks like NTPC, Suzlon Energy, Reliance Power and Reliance Infrastructure were up 0.5-1%.
Today’s new listing – ARSS Infrastructure was trading at Rs 718, up 59.56% over its issue price of Rs 450.
The broader indices continued to outperform the benchmark indices, up 1.3% each. About 1972 shares advanced while 934 shares declined on the BSE. Nearly 275 shares were unchanged.
Top gainers on the BSE Midcap – BF Utilities was up 15.24% and Indiabulls Financial up 13.69%. Triveni Engg, IndusInd Bank and Bajaj Hindusthan gained 6.7-9%.
Top losers on the BSE Midcap – Asian Star, Kalpataru Power, Shriram Transport Finance, Allcargo Global and Chambal Fertiliser lost 2-3%.
Top gainers on the BSE Smallcap – Modern India was locked at 20% and Sterling Holiday locked at 10% upper circuit. Nectar Life, Tata Metaliks and Automotive Axle were up 8.5-9%.
Top losers on the BSE Smallcap – Bajaj Electrical, Kwality Dairy, Gemini Comm, Simplex Project and PVP Ventures lost 3.4-7%. Asian markets were also supportive today, which ended higher.
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