Sensex rises 100 points amid volatility; Bharti shoots up 4%
30 November 2011
The Nifty bounced back above the 4800 mark amid volatility, following recovery in European markets. Oil & gas, telecom, FMCG and select technology stocks lead support. The Sensex gained 107 points at 16,115.12 while the Nifty rose 28 points to 4,833.05.
France's CAC, Germany's DAX and Britain's FTSE, which fell over 1% at one point of time declined just 0.5-0.8%. The Dow Jones futures trimmed losses to 50 points from 100 points.
Back home, Bharti Airtel outperformed smartly, rising 4%. Oil & gas majors and index heavyweights ONGC and Reliance Industries were up 3% and 1.5%, respectively.
ITC, TCS, HDFC Bank, HUL, NTPC, JSPL, Sun Pharma, DLF and Bajaj Auto gained 1-3%.
However, ICICI Bank, Tata Motors, Hero Motocorp and Sterlite Industries topped the selling list, falling 3% each. Infosys and L&T were down 0.3% each.
AT 14:27 hours IST : Nifty below 4800 again as Europe falls; Tata Motors down 4%