29 March 2011

Sensex Fly around 19K

Indian equity benchmarks were mildly positive in opening trade amid a choppy trade. Indices were hovering just around their key psychological levels - the Nifty was around the 5700 level and the Sensex around the 19,000 mark.

Auto, telecom, select technology, Anil Dhirubhai Ambani Group and select financial companies' shares were quite supportive. However, cement, realty and select metal stocks were down.

Among frontliners, Hero Honda, Reliance Infrastructure, Reliance Communications, Bajaj Auto, Suzlon Energy, ONGC, L&T, SBI, Wipro, HCL Tech and Bharti Airtel were pushing the markets higher.

However, ACC, Axis Bank, Hindalco, SAIL, Sterlite Industries, Jaiprakash Associates, ICICI Bank, Infosys, Cairn India and NTPC were under selling pressure.

The 50-share NSE Nifty was trading at 5,698, up 11 points and the 30-share BSE Sensex gained 58 points to 19,001.

The CNX Midcap rose 12 points to 7,878. About 506 shares advanced as against 338 shares declined on National Stock Exchange.

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