Ranbaxy comes to last minute rescue making markets end day in positive - February 16, 2010
Ranbaxy amongst top gainers; Bharti leads top loser charts
Weakness in the markets is pretty evident today, primarily because of pre-budget weakness and the way investors have reacted to the Bharti deal. The actual recovery of the markets is at the last one-hour of trade when almost all sectoral indices have turned positive and the sudden interest that has got built on Ranbaxy.
Nifty closed the day at 4855.75 and is up 1.12%. CNX IT is up 1.38% while CNX Midcap is up 0.52%. Top gainers on the Nifty today include Ranbaxy (up 8.5%), ACC, Ambuja Cements (both up over 2%), Hindalco, Hindustan Unileaver, Tata Motors (all up over 3%), Sterlite, Siemens, BPCL and M&M (all up over 2%). On the losers list are Bharti Airtel (down 4.1%), Axis Bank, Hero Honda, Jindal Steel (all marginally down).
The Sensex managed to open and close the day above 16K levels without dipping below it. The BSE Sensex opened the day at 16,042.18, touched a high of 16,310.39 and a low of 16,021.29 to finally close at 16,226.68 compared to previous closing mark of 16,038.35. The Sensex has gained 188.33 points or 1.17% in todays trade.
All BSE Sectoral Indices closed in the green. Leading the list are Metals, Auto, IT, Realty, Oil & Gas, Bankex, PSU and Capital Goods (all up over 1%) and FMCG, Power and Consumer Durables that are marginally in the green.
Tuesday, February 16, 2010 16:33:12 PM
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