Nifty surges; ONGC, Sterlite Ind, GAIL gain news
26 May 2011

The market was trading with good gains but off the day's high. The NSE Nifty was trading sniffing distance from 5400 mark. Oil & gas, metals and banking, capital goods, pharma and realty stocks were moved up. The broader indices were trading with marginal gains.

Reliance ICICI Bank, L&T, HDFC Bank and TCS were the major contributors to the Sensex.

At 13.28 hrs IST, the Sensex was up 132.86 points or 0.74% at 17980.10, and the Nifty was up 41.55 points or 0.78% at 5390.50.

The market breath was positive; about 1516 shares have advanced, 1089 shares declined, and 1038 shares remained unchanged.

ONGC was the top gainer on the Sensex; the stock was trading at Rs 273.60 up 4.17% followed by Sterlite Ind at Rs 166.40 up 2.62%, NTPC at Rs 171.10 up 2.06%, Reliance at Rs 924.85 up 1.99% and Tata Steel at Rs 572 up 1.87%.

However, top losers on the Sensex were M&M at Rs 668.40 down 1.82%, ITC at Rs 187.50 down 0.79%, Infosys at Rs 2,776 down 0.68%, BHEL at Rs 1,914.20 down 0.35% and HDFC at Rs 642.55 down 0.32%.

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Nifty surges; ONGC, Sterlite Ind, GAIL gain