Nifty ends above 5000, at 16-mth high; HDFC up 5 per cent
22 Sep 2009
The Nifty maintained its uptrend for the fifth consecutive session and closed above the 5,000 mark for the first time since May 22, 2008 i.e. at 16-month high. The benchmark indices gained over 4% in five days.
Buying in financial, technology, power, pharma, auto and oil marketing companies' shares helped the markets to stay on the higher side throughout the session. Over 0.9% gain in European markets and 0.6% upside in US index futures were also supportive to the indices.
However, selling in oil & gas exploration and select metal stocks capped the gains. Bharti Airtel was down 3%.
The 30-share BSE Sensex closed at 16,886.43, up 145.13 points or 0.87% over its previous close. The 50-share NSE Nifty went up 0.89% or 44.15 points, to settle at 5020.20. The broader indices also followed the same trend, rose 0.7-1%.
The Nifty September futures ended with 2.8 points premium, as per provisional data. The Nifty put-call ratio inched up to 1.81, as Nifty September 5000 Put added 10.4 lakh shares in OI (open interest), September 5100 Call added 7.9 lakh shares in OI and 5100 Put added 5.9 lakh shares in OI.
October series witnessed highest OI at 4800 Put and 5300 Call. Auto, capital goods, power and infra stocks witnessed decent rollovers.
