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Sensex breaches 17,000 mark: IT stocks surge
Published on Wed, Sep 26 at 09:34 , Updated at Thu, Sep 27 at 09:50
Source : Moneycontrol.com
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Market trades firm ; IT, banks in focus The markets are holding up its gains and are trading up with significant gains on the back strong performance of by IT and banking stocks. However, realty and oil & gas stocks were trading under pressure on account of selling pressure. At 14.15 hrs IST, the Sensex is up 119.70 points or 0.71% at 17019.24, and the Nifty up 36.55 points or 0.74% at 4975.40. About 1810 shares have advanced, 1139 shares declined, and 84 shares are unchanged. Top gainers on the Sensex are Satyam at Rs 429.55 up 4.39%, Wipro at Rs 453 up 3.96% and ICICI Bank at Rs 1,028.40 up 3.87% Top losers on the Sensex are Reliance at Rs 2,345 down 2.28%, Reliance Energy at Rs 1,065 down 2.06% and HDFC Bank at Rs 1,374 down 1.7%. Most active shares on BSE were Praj Industries, TataTeleservice and MRPL with heavy volumes. Most active shares on NSE were Reliance, TataTeleservice and IFCI. IT stocks were on tear today and IT index was up 3.6% at 4503.12. major gainer in this counter were Satyam, Wipro and Infosys. In the banking sector, major gainer was ICICI Bank at Rs 1,028.40 up 3.87% and banking index was up 2.44% at 9162.86. Journey of Sensex: Mkt trades in green: IT stocks outperform The markets have rallied again and are trading in green and are hovering around the 17,000 mark. Buying is seen in IT, banking and metal stocks. However, realty, auto, oil & gas and FMCG stocks were under little pressure. The broader markets have outperformed the frontline indices and bothe midcap and small indices are up over 1%. At 2:.00 hrs IST, the Sensex is up 93.27 points or 0.55% at 16992.81, and the Nifty up 21.00 points or 0.43% at 4959.85. About 1798 shares have advanced, 1153 shares declined, and 82 shares are unchanged. IT stocks are the star performers followed by MTNL & oil marketing company HPCL both are up over 6%. Top gainers on the Sensex are Satyam up 4.5%, Wipro up 3.5%, ICICI up 3.2% and Infosys up 3%. Top losers on the Sensex are HDFC Bank at Rs 1,369.90 down 1.99%, Reliance at Rs 2,376.90 down 0.95% and Maruti Udyog at Rs 982.25 down 0.9%. BSE IT index was up 3% at 4469.65. Major gainer were Satyam up 4.5%, Wipro up 3.5% and Infosys up 3%. . BSE metal index was up 0.7% at 13162.64. Major gainers in this were JSW steel, Jindal Steel Maharasthra Seamless. Journey of Sensex: Market trades flat: Realty, oil & gas, auto stocks down The markets are trading flat after breaching the 17,000 in early trade today. Buying is seen in IT and metal stocks. However, realty, auto, oil & gas and FMCG stocks were under little pressure. The broader markets have outperformed the frontline indices and bothe midcap and small indices are up nearly 1%. At 1:07 hrs IST, the Sensex is up 8.74 points or 0.05% at 16908.28, and the Nifty up 10.10 points or 0.20% at 4948.95. About 1703 shares have advanced, 1251 shares declined, and 79 shares are unchanged IT stocks are the star performers followed by MTNL & oil marketing company HPCL both are up over 6%. Top gainers on the Sensex are Satyam at Rs 425.25 up 3.34%, Wipro at Rs 447 up 2.58% and Infosys at Rs 1,813 up 2.36%. Top losers on the Sensex are HDFC Bank at Rs 1,369.90 down 1.99%, Reliance at Rs 2,376.90 down 0.95% and Maruti Udyog at Rs 982.25 down 0.9%. BSE IT index was up 3% at 4469.65. Major gainer were Satyam at Rs 425.25 up 3.34%, Wipro at Rs 447 up 2.58% and Infosys at Rs 1,813 up 2.36%. BSE metal index was up 0.7% at 13162.64. Major gainers in this were JSW steel, Jindal Steel Maharasthra Seamless. Journey of Sensex: Sensex cools off bit after hitting 17K; IT stocks roar The markets have come off little bit from days high after breaching 17,000 in early trade today. There have been active participation in this historic movement today from all the sectors and all the BSE indices were trading in green led by IT stocks. However, oil & gas, realty and FMCG stocks were under little pressure. At 10.53 hrs IST, the Sensex is up 91.97 points or 0.54% at 16991.51, and the Nifty up 24.70 points or 0.50% at 4963.55. About 1754 shares have advanced, 1180 shares declined, and 99 shares are unchanged. Top gainers on the Sensex are Satyam at Rs 425.25 up 3.34%, Wipro at Rs 447 up 2.58% and Infosys at Rs 1,813 up 2.36%. Top losers on the Sensex are HDFC Bank at Rs 1,369.90 down 1.99%, Reliance at Rs 2,376.90 down 0.95% and Maruti Udyog at Rs 982.25 down 0.9%. BSE IT index was up 2.8% at 4469.65. Major gainer were Satyam at Rs 425.25 up 3.34%, Wipro at Rs 447 up 2.58% and Infosys at Rs 1,813 up 2.36%. BSE metal index was up 0.7% at 13162.64. Major gainers in this were JSW steel, Jindal Steel Maharasthra Seamless. Sensex conquers 17,000; RIL contributed 256 pts Its really a great morning for the Indian investors today wherein the Sensex conquered the psychological level of 17,000. It was spectacular movement for the Sensex which covered the gap between 16K to 17K in merely 6 trading session. Reliance group has been the biggest contributor in the last few days of bull run. At 9:57 am, Sensex breached the psychological mark of 17,000 and was at 17013 up 113 points. Nifty was up 25 points at 4964.
Asian markets trading firm, Japan's Nikkei was flat at 16,399.96, Taiwan's Taiwan Weighted gained 1.44% or 131.01 points at 9,236.29, Singapore's Straits Times was up was up 0.17% or 6.23 points at 3,631.05 and South Korea's Seoul Composite rose 0.54% or 10.29 points at 1,919.26. US markets: The Dow Jones industrial average rose 19.59 points, or 0.14%, to 13,778.65. Broader stock indicators were mixed. The Standard & Poor's 500 slipped 0.52 points, or 0.03%, to 1,517.21, while the Nasdaq composite rose 15.50 points, or 0.58%, to 2,683.45. F&O cues:
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