Wednesday, March 30, 2011

Nifty firm near 5800; realty, auto, banks up

MUMBAI: Indian markets continued to gain momentum as investors bought stocks across the board ahead of March series F&O expiry. Rate sensitive sectors led the rally while FMCG space was marginally in the red.

At 2:10 pm; National Stock Exchange's Nifty was at 5780.55, up 44.20 points or 0.77 per cent. The broader index touched a high of 5803.15 and low of 5753.90 intraday.

Bombay Stock Exchange's Sensex was at 19271.75, up 150.95 points or 0.79 per cent. The 30-share index touched a high of 19357.10 and low of 19178.77 in trade so far.

BSE Midcap Index was up 1.07 per cent and BSE Smallcap Index moved 1.94 per cent higher.

Amongst the sectoral indices, BSE Realty Index was up 1.52 per cent, BSE Bankex gained 1.23 per cent and BSE Auto Index moved 1.16 per cent higher.

Ambuja Cement (6.78%), M&M (3.39%), SBI (2.62%), Punjab National Bank (2.46%) and Jaiprakash Associates (2.43%) were the top Nifty gainers.

Cairn India (-1.31%), HCL Tech (-1.25%), Hindalco (-1.25%), Bharti Airtel (-0.93%) and ONGC (-0.48%) were the top losers.

Market breadth was positive on the NSE with 2064 gainers against 705 losers.

Meanwhile, the European markets also moved higher in line with peers. FTSE 100 was up 0.49 per cent, CAC 40 gained 0.60 per cent and DAX moved 1.08 per cent


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