Market Closed Sensex up 241 pts, Nifty closes at 7263
BJP in the market today showing excitement of a majority.
Sensex surged 241 points 24,363 and Nifty gained 60 points to close at 7263.
Today's heroes are Midcap and Smallcap stocks. Midcap and Smallcap stocks
surged between 4-6 per cent.
Sensex and Nifty closed at new record levels. CNX Midcap
index was up 430 points, which is the highest growth since May 18, 2009. CNX
Midcap index closed at a record high. Bank Nifty closed above 15,000 for the
first time.
Power stocks rose by 10 per cent Capital goods, realty, metal
shares surged between about 8.5 to 7 per cent. Oil and gas stocks rose 5.25 per
cent. Bank share was 2.5 per cent and 2 per cent, while consumer durables
stocks. Auto stocks were sluggish.
Reaching the bottom of the rupee against the U.S. dollar by
58.5 IT and tech stocks declined from 5 to 3.5 per cent. Additionally, the eye
was heavy selling in defensive stocks Broken 3.7 per cent to 4 per cent, FMCG
and healthcare stocks.
Market moves
The market continued to rally today. The Sensex gained nearly
300 points on the edge of the opening. Nifty 7300 came close. However,
increasing the selling pressure on the market showing early trading.
Within the first 1.5 hours of trading, the Sensex - Nifty
rose red. Sensex fell nearly 300 points from the upper levels of the day. Nifty
went down to 7200. However, careful market soon.
By noon there was good support in the market. The Sensex and
Nifty gained nearly 200 points deliver up to 7250. Midcap - Smallcap stocks
rose strongly Midcap - Smallcap stocks raised 2.5-4 per cent.
Subsequently, the market gained momentum. The Sensex rose 326
points. Nifty 7300 to just 9 points away. Midcap and Smallcap stocks also
increased strongly. By the end of the business - have come to light pressure on
the market.
What's Stocks up, And down
JP Power Infrastructure stocks rose by 31 per cent. GMR
Infra, Reliance Infra, PTC, Voltas, JP Associates, BHEL, Crompton Greaves,
NHPC, IRB Infra, NTPC, Siemens, Reliance Power rose from 18.5 to 10.25 per
cent.
Metal stocks Hindustan Copper, Coal India, Jindal
Saw, Moil, Cell, National Aluminium, Jindal Steel, Hindalco, and JSW Steel rose
from 14.75 to 7 per cent
Unitech Realty stocks rose about 19 per cent. DLF, Godrej
Properties, Indiabulls Real Estate, Prestige Estate, HDIL, Phoenix Mills
strengthened from 8 to 4.5 per cent.
IT stocks NIIT Tech, Persistent, TCS, KPIT
Tech, Infosys, Infotech, Wipro, HCL Tech, Tech Mahindra declined from 8.5 to 4
per cent.
Pharma stocks Dr Reddy's, Sun Pharma, Lupin,
Glenmark, Ranbaxy greatly declined from 5.5 to 3.7 per cent
FMCG stocks HUL, ITC, Colgate Palmolive, Britannia
Industries Limited, Emami Limited, and broken Dabur 5-1 per cent.
International Sign
European markets On Selling pressure. DAX nearly 1 per cent
is broken. CAC and the FTSE fell 0.7 per cent.
In Asia, the Shanghai Composite 1 per cent broken. The Nikkei
dropped 0.6 percent. Straits Times, Hang Seng, Kospi are sluggish.
The U.S. dollar at 11-month high against Rupee. The rupee is
currently trading below 58.5.
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