Sensex ends 116 pts higher; Realty Index surges 5.6%
30 November 2010
Equity benchmarks maintained their uptrend for second consecutive day, led by heavyweights like SBI, Bharti Airtel, NTPC, DLF, Tata Motors, BHEL, TCS and ITC. The 50-share NSE Nifty recovered nearly 100 points from day's low to end at 5,863.35, up 0.57%.
The markets were down more than one percent in first half of trade on negative Asian cues and profit booking but indices turned positive in second half of trade; short covering could be one reason.
Realty stocks were completely on buyers' radar, especially after comments from management of DB Realty; respective index shot up 5.6%. However, heavyweight Reliance Industries wiped out some gains in last one hour of trade as its sources told CNBC-TV18 that company's topline will be hit by declining production at KGD1D3.
The 30-share BSE Sensex closed at 19,522.87, up 117.77 points or 0.61%.
Sensex extends gain; broader indices outperform
At 14:10 hours IST - the 50-share NSE Nifty has seen nice pull back in afternoon trade and was consistently trading above 5850 level. Telecom, auto, technology, power, realty and select financial companies' shares along with heavyweights Reliance Industries, BHEL and ITC were supporting the markets.