The markets have opened higher for the 4th consecutive session. The Sensex has crossed the 20,000 mark and the Nifty is trading above the 6,000 mark.
The turnaround in the markets has come after three weeks of lackluster trade. Global stocks are trading higher as well.
All the sectoral indices were trading in the green. Realty stocks were the top gainers and the index was trading 2.07 per cent higher. PSU, metal, consumer durables, oil and gas and banking stocks were trading with gains of more than 1 per cent.
The broader markets were trading higher as well. Small cap stocks rose 1.59 per cent and midcaps were trading 1.32 per cent higher. This was reflected in the strong market breadth and 83 per cent stocks advanced on the BSE.
On the Sensex, 24 stocks advanced and 6 declined. ICICI Bank, RIL and ONGC were together contributing close to 70 points on the Sensex.
ONGC was the top gainer on the Sensex, rising 2.75 per cent. The government has on Wednesday announced a stock spilt of the scrip.
Hindalco, Sterlite, Reliance Comm and ACC were trading with gains of over 2 per cent.
On the losers list, Hero Honda fell 3.79 per cent. Bharti, NTPC, Cipla, ITC and Infosys were the stocks in red.
Among stocks moving on news flow, Mastek rose 14 per cent on acquisition of a US based company (SEG Software). Dewan Housing rose 12 per cent. The company has acquired a unit of Deutsche Postbank for an estimated Rs1100 crore.
Global stocks rose after worries over European debt crisis receded somewhat on ECB’s assurance that it would step in to buy bonds of weaker countries with the EU. Overnight, the Dow closed with a gain of 198 points after a jobs report indicated that private employers added more jobs in November than in October. Sentiments on the Wall Street rose after the manufacturing orders rose for a 16th consecutive month.
The turnaround in the markets has come after three weeks of lackluster trade. Global stocks are trading higher as well.
All the sectoral indices were trading in the green. Realty stocks were the top gainers and the index was trading 2.07 per cent higher. PSU, metal, consumer durables, oil and gas and banking stocks were trading with gains of more than 1 per cent.
The broader markets were trading higher as well. Small cap stocks rose 1.59 per cent and midcaps were trading 1.32 per cent higher. This was reflected in the strong market breadth and 83 per cent stocks advanced on the BSE.
On the Sensex, 24 stocks advanced and 6 declined. ICICI Bank, RIL and ONGC were together contributing close to 70 points on the Sensex.
ONGC was the top gainer on the Sensex, rising 2.75 per cent. The government has on Wednesday announced a stock spilt of the scrip.
Hindalco, Sterlite, Reliance Comm and ACC were trading with gains of over 2 per cent.
On the losers list, Hero Honda fell 3.79 per cent. Bharti, NTPC, Cipla, ITC and Infosys were the stocks in red.
Among stocks moving on news flow, Mastek rose 14 per cent on acquisition of a US based company (SEG Software). Dewan Housing rose 12 per cent. The company has acquired a unit of Deutsche Postbank for an estimated Rs1100 crore.
Global stocks rose after worries over European debt crisis receded somewhat on ECB’s assurance that it would step in to buy bonds of weaker countries with the EU. Overnight, the Dow closed with a gain of 198 points after a jobs report indicated that private employers added more jobs in November than in October. Sentiments on the Wall Street rose after the manufacturing orders rose for a 16th consecutive month.
No comments:
Post a Comment