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Markets at day’s high; oil & gas, metals shine

This article was posted on Mar 14, 2011 and is filed under Market News

Markets continued to trade on a positive note on back of buying visible across sectors. The Sensex was at 18,365 higher by 191 points and the S&P CNX Nifty was at 5492 higher by 47 points.

Reliance Infrastructure was the top gainer among the Sensex stocks, the stock added 2.5% to Rs 620. Tata Steel, Reliance Communication, HDFC, Reliance Industries, Sterlite Industries, NTPC and ICICI Bank. On the other hand, Maruti Suzuki continued to remain the top loser on the Sensex, the stock lost 1.3% at Rs 1235. Bajaj Auto, Bharti Airtel, Tata Motors, TCS and Hindustan Unilever were also among the losers, lower by 0.4-1% each.

On the sectoral front the BSE Oil & Gas index remained the top sectoral gainer, the index was higher by 138 points or 1.4% at 9857. BSE Metal index added 1% or 154 points at 15,522. Bankex, PSU, Power, Consumer Durable and Capital Goods indices were also trading higher by 0.4-0.9% each. IT and Healthcare indices which were in the red also recouped their losses and were trading higher. Meanwhile auto stocks continued to reel under the selling pressure, BSE Auto index was lower by 31 points at 8736.

GAIL was the top gainer among the Oil & Gas stocks, up 3.3% to Rs 457. Hindustan Petroleum, Baharat Petroleum, index heavyweight Reliance Industries, Indian Oil and ONGC were also trading higher.

Among the auto stocks Maruti Suzuki remained the top loser followed by Bajaj Auto, Cumins India, Exide INdustries, Tata Motors, Amtek Auto, Apollo Tyres and Hero Honda.

The broader markets continued to trade on a flat note the BSE mid-cap index added 21 points to 6551 and the small-cap index was at 7933 higher by 33 points.

source: Business Standard

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