SENSEX 17731.12
+285.37
NIFTY 5375.50 +94.30
USD/INR 0049.07 -00.16
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UPDATEDTIME 09.28 PM 28 FEBRUARY 2012
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The National Stock Exchange's Nifty was
hovering near intermediate resistance of 5375 on the back of positive cues from
global peers and as traders bought stocks on dips after a four-day correction.
According to dealers, the market is witnessing a technical bounce back and is expected to remain volatile till the outcome of UP elections, Union Budget and Reserve Bank of India's policy meet.
Nifty ended 5375.50, up 94.30 points or 1.54 per cent. The broader index touched a high of 5384.20 and low of 5306.45 in trade so far.
The Bombay Stock Exchange's Sensex was at 17731.12, up 285.37 points or 1.61 per cent. It touched intraday high of 17768.97 and low of 17530.44.
BSE Midcap Index was up 2.55 per cent and BSE Smallcap Index moved 2.28 per cent higher.
Amongst the sectoral indices, BSE Realty Index gained 3.92 per cent, BSE Bankex moved 3.57 per cent higher, BSE Metal Index advanced 3.40 per cent and BSE Auto Index moved 2.79 per cent higher. BSE IT Index was down 0.22 per cent.
Reliance Infrastructure (7.58%), SBI (6.03%),Jaiprakash Associates (5.93%), Punjab National Bank(5.81%) and Axis Bank (5.65%) were the major Nifty gainers.
Cairn India (-2.50%), Tata Consultancy Services(-1.83%), HCL Tech (-1.41%), BPCL (-1.21%) and ONGC (-0.64%) were the amongst the index losers.
Market breadth was positive on the NSE with 1248 gainers against 245 losers
As per the provisional data, Foreign Institutional Investors bought shares worth net Rs 329.09 crore on Monday. FIIs bought shares worth Rs 23767.99 crore so far in the month of February against investment of Rs 10357.70 crore in the month of January 2012.
Global markets gained momentum after the National Association of Realtors in the US said its index of sales agreements rose 2 percent last month to a reading of 97, the highest since April 2010.
Brent crude futures also slipped below $124 on hopes that additional supply from the Middle East would help meet the increasing oil demand
According to dealers, the market is witnessing a technical bounce back and is expected to remain volatile till the outcome of UP elections, Union Budget and Reserve Bank of India's policy meet.
Nifty ended 5375.50, up 94.30 points or 1.54 per cent. The broader index touched a high of 5384.20 and low of 5306.45 in trade so far.
The Bombay Stock Exchange's Sensex was at 17731.12, up 285.37 points or 1.61 per cent. It touched intraday high of 17768.97 and low of 17530.44.
BSE Midcap Index was up 2.55 per cent and BSE Smallcap Index moved 2.28 per cent higher.
Amongst the sectoral indices, BSE Realty Index gained 3.92 per cent, BSE Bankex moved 3.57 per cent higher, BSE Metal Index advanced 3.40 per cent and BSE Auto Index moved 2.79 per cent higher. BSE IT Index was down 0.22 per cent.
Reliance Infrastructure (7.58%), SBI (6.03%),Jaiprakash Associates (5.93%), Punjab National Bank(5.81%) and Axis Bank (5.65%) were the major Nifty gainers.
Cairn India (-2.50%), Tata Consultancy Services(-1.83%), HCL Tech (-1.41%), BPCL (-1.21%) and ONGC (-0.64%) were the amongst the index losers.
Market breadth was positive on the NSE with 1248 gainers against 245 losers
As per the provisional data, Foreign Institutional Investors bought shares worth net Rs 329.09 crore on Monday. FIIs bought shares worth Rs 23767.99 crore so far in the month of February against investment of Rs 10357.70 crore in the month of January 2012.
Global markets gained momentum after the National Association of Realtors in the US said its index of sales agreements rose 2 percent last month to a reading of 97, the highest since April 2010.
Brent crude futures also slipped below $124 on hopes that additional supply from the Middle East would help meet the increasing oil demand
Regards
RAKESH MAKIN
+91,
9041667797(DIRECT), 9915684997
OFF
0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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