Sensex up by 200 points with analysts recommending Budget stocks - February 17, 2010
Nifty closes the day up 1.2%
The Indian stock markets ended the day in the green for the second consecutive day after buying interest was seen in counters that analysts feel will see some positive announcements in the upcoming budget.
Sensex opened the day at 16,228.91, touched an intraday high of 16,480.89 and an intraday low of 16,228.91 to close at 16,428.91 managing a gain of 202.23 points or 1.25 in trade today. The BSE Midcap index and Small cap index gained marginally. Consumer Durables, Metal are clear sectorial winners with both the segments closing the day up by 3.34% and 3.24% respectively. Bankex, Capital Goods and Autos surged over 1.2% while Oil & Gas, FMCG, Power, PSU and Teck closed marginally in the green. IT and Realty closed in the red by 0.22% and 1% respectively.
The story at Nifty is no different. The Nifty had a gap-up opening and continued to stay in the green throughout. Thought a sign of selling is seen at mid-day, the index quickly bounced back to stay in the green. The Nifty closed at 4914 and is up 1.2%.
Top gainers of the day include Tata Steel (up 6%), Hindalco (Up 5%), Axis Bank, Stelite and HDFC Bank (all up over 3%), SAIL, Bharti Airtel, Tata Power, Siemens and Cairn (all up 2%).
The Nifty top losers of the day include Cipla, BPCL, DLF, Ambuja Cement, Suzlon (all down over 1%), Infosys, Idea, NTPC, Unitech and ONGC (all marginally down)
Wednesday, February 17, 2010 18:36:43 PM
Add commentFebruary 17th, 2010