High tide on Dalal-Street…Nifty above 4500

Sensex surged by 404 points or 2.7% to end at 14,248 while, Nifty surged by 130 points or 3% to shut shop at 4,529.

The Sensex surged by 404 points or 2.7% to end at 15,248 after touching a high of 15,264.8 and a low of 14,997.7. The index had opened at 15,008 against the previous close of 14,843. The NSE Nifty surged by 130 points or 3% to shut shop at 4,529.

In Asia, the Nikkei in Japan gained 0.7% to end at 9,792, while Australia’s S&P/ASX ended flat at 4,064. The Hang Seng index in Hong Kong advanced by 3% to end at 19,817.

In Europe, stocks were trading in the red. The FTSE in the UK was down 0.2% at 4,486. The DAX was down 0.2% at 5,112 and the CAC 40 slipped 0.5% at 3,290.

Coming back to India, among the BSE sectoral indices, the Realty index was the top gainer, gaining 5.6%, followed by the Metal index that was up 4.6%. The BSE Consumer Durables index up 4.5% and the BSE FMCG index was up 4%.

The BSE Mid-Cap index advanced 2.4% and the BSE Small-Cap index rose 2.2%.

Within the Sensex, the major gainers were DLF, Reliance Infra, Maruti, Hindalco, ITC, RCom, ACC and Sterlite. Among the major losers were, Bharti Airtel and ONGC.

Outside the frontline indices, the top losers included Pantaloon, Aban, Indian Bank, Glenmark, Rolta, Ispat Ind and Moser Baer.

Among the big losers in the broader market were Piramal Health, Union Bank, Thermax, MRPL, Zee Ent, Marico and GMDC.

source: Indiainfoline.com

Tags: hot stocks, nifty levels, nifty tips, nse bse stock market tips

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