Sunday 10 May 2015

Sensex, Nifty remain strong :

The broader market is also trading on a firm note, the BSE Mid-cap and Small-cap indices have spurted a percent each at 10,340 and 10,935, respectively. The Bankex, IT, Capital Goods and Power indices are the other notable gainers.

The key benchmark indices, the Sensex and the NSE Nifty have moved from strength-to-strength, on the back of strong rally in select index heavy-weights like - metal, realty, pharma, auto and bank. The BSE 30-shares and the NSE 50-shares indices have rallied to a fresh intra-day high at 27,379 and 8,269, respectively. The BSE Sensex is now quoted at 27,384 - up 278 points and the NSE Nifty is quoted at 8,268 - up 77 points. The broader market is also trading on a firm note, the BSE Mid-cap and Small-cap indices have spurted a percent each at 10,340 and 10,935, respectively. Among sectors, the BSE Metal index is the major gainer - up almost 2 percent at 10,145. The Auto, Healthcare and Realty indices have jumped over a percent each. The Bankex, IT, Capital Goods and Power indices are the other notable gainers. On the other hand, the Consumer Durables and FMCG indices have bucked the trend, the indices are down 0.2-0.3 percent each at 7,734 and 9,928, respectively. The breadth remains solid on the BSE - out of 1,959 stocks traded 1,371 stocks are advancing, while only 506 stocks are declining. All Metal shares are trading green - Vedanta is the top gainer - up almost 4 percent at Rs. 226. Hindalco and SAIL have surged over 3 percent each at Rs. 143 and Rs. 69.70, respectively. Tata Steel and JSW Steel jumped nearly 3 percent each at Rs. 376 and Rs. 914, respectively. Jindal Steel, Hindustan Zinc, Coal India and National Aluminium. 

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