Banks, tech, oil & gas drive Nifty above 5800
20 Apr 2011
The benchmark Sensex added more than 250 points in the afternoon trade and shrugged off trial court order on 2G case. The rally was led by buying across sectors at 14:30 hours - TCS was the leading star, with rising more than 4%.
Heavyweights ONGC, Wipro, SBI, NTPC, ICICI Bank, Bharti, ITC and HDFC gained 1-2%. HCL Tech extended its upmove - rallied 9% after the 17% rise in third quarter net profit of Rs 468 crore.
Infosys, BHEL and Reliance Industries were up 0.8% each. M&M and Tata Motors were other biggest gainers, with gaining 5.5% & 3.5%, respectively.
Metal companies' shares too were helping the markets - Tata Steel, Jindal Steel, SAIL, Hindalco and Sterlite rallied 2-3%. HUL, Kotak Mahindra Bank and DLF went up 2%.
The 30-share BSE Sensex was trading at 19,427, up 306 points and the 50-share NSE Nifty went up 95 points to 5,836.
Global cues were quite supportive today - European markets like France's CAC, Germany's DAX and Britain's FTSE were trading about 2% higher. US index futures too gained 1%.
