Moneycontrol
Apr 03, 2012 10:42 AM IST | Source: Moneycontrol.com

Sensex stays up over 100 pts; ICICI, SBI, RIL, L&T lead

The BSE Sensex stayed higher with 100 points gains due to consistent buying in index heavyweights ICICI Bank, State Bank of India, L&T and Reliance Industries. However, Tata Consultancy Services, Hero MotoCorp, Maruti, M&M and Sun Pharma were only losers, falling 0.3-0.65%.

Sensex stays up over 100 pts; ICICI, SBI, RIL, L&T lead

The BSE Sensex stayed higher with 100 points gains due to consistent buying in index heavyweights ICICI Bank, State Bank of India, L&T and Reliance Industries. However, Tata Consultancy Services, Hero MotoCorp, Maruti, M&M and Sun Pharma were only losers, falling 0.3-0.65%.


The BSE benchmark was up 122 points or 0.7% to 17,600.17 led by 25 components. Meanwhile, the NSE benchmark gained 38 points at 5,355.85, but the broader markets outperformed benchmarks, rising 1%.


Sanjay Dutt, director of Quantum Securities sees the Nifty rising beyond 5,600 in the next few months.

Dutt says, the market is not correcting despite negative newsflow.  He says, it is set to defy sceptics and inch higher.

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