Equity continued their upside momentum today at 14:47 hours - the Sensex added more than 300 points and the Nifty gained about 90 points - boosted majorly by heavyweights. All sectoral indices were on buyers' radar barring health care. The broader markets too participated in the rally with one percent gain.
Prakash Diwan of Networth Stock Broking remains optimistic as he believes that the market has more steam to go all the way up to above 5750, possibly 5800 levels. "There is some genuine value buying that has started emerging and we could possibly have a couple of dull boring days that is when the consolidation becomes more meaningful," he pointed out.
The BSE Realty and Capital Goods indices were major gainers with 2.5% rise. Metal, Bank, Power, Oil & Gas and Auto indices were up 1-2%. However, HCL Tech, Dr Reddy's Labs, ACC, Bajaj Auto and Ranbaxy Labs were only losers on NSE Nifty.
The 50-share BSE Sensex rallied 337 points at 18,428 and the 50-share NSE Nifty jumped 90 points to 5,522. The Nifty February futures were trading at 16 points premium..
Among frontliners, DLF, Hindalco, Tata Motors, Jaiprakash Associates, L&T and Bharti Airtel surged 4-6%.
In midcap space, JSL Stainless, Polaris and National Fertilisers gained 9-13% while Shree Global, Sobha Developer, Manappuram, MindTree and Phoenix Mills fell 5-19%.
In smallcap space, Kalyani Steels, Graviss Hosp, Ind-Swift Labs, Marathon Nextgen and Dhanlaxmi Bank went up 9-17% whereas Titagarh Wagons, Odyssey Finance, Camlin, Bheema Cements and Kernex Micro lost 5-6%.
BF Utilities shot up 20% as Supreme Court removed roadblock for its arm NICE project. SC approved land acquisition for NICE project by Karnataka govt.
Prakash Diwan of Networth Stock Broking remains optimistic as he believes that the market has more steam to go all the way up to above 5750, possibly 5800 levels. "There is some genuine value buying that has started emerging and we could possibly have a couple of dull boring days that is when the consolidation becomes more meaningful," he pointed out.
The BSE Realty and Capital Goods indices were major gainers with 2.5% rise. Metal, Bank, Power, Oil & Gas and Auto indices were up 1-2%. However, HCL Tech, Dr Reddy's Labs, ACC, Bajaj Auto and Ranbaxy Labs were only losers on NSE Nifty.
The 50-share BSE Sensex rallied 337 points at 18,428 and the 50-share NSE Nifty jumped 90 points to 5,522. The Nifty February futures were trading at 16 points premium..
Among frontliners, DLF, Hindalco, Tata Motors, Jaiprakash Associates, L&T and Bharti Airtel surged 4-6%.
In midcap space, JSL Stainless, Polaris and National Fertilisers gained 9-13% while Shree Global, Sobha Developer, Manappuram, MindTree and Phoenix Mills fell 5-19%.
In smallcap space, Kalyani Steels, Graviss Hosp, Ind-Swift Labs, Marathon Nextgen and Dhanlaxmi Bank went up 9-17% whereas Titagarh Wagons, Odyssey Finance, Camlin, Bheema Cements and Kernex Micro lost 5-6%.
BF Utilities shot up 20% as Supreme Court removed roadblock for its arm NICE project. SC approved land acquisition for NICE project by Karnataka govt.
No comments:
Post a Comment