Nifty hits 5000; all sectoral indices in green

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At 15 hours IST, buying across all the sectors and positive global cues helped the Nifty to touch the 5,000 mark. Metal and technology stocks were the leading counters; respective indices gained 3.7-4%. Public Sector Enterprises continued to see buying interest post beginning of divestment programme with the first being Rural Electrification Corporation, which shot up over 4%.

The markets already reported turnover of Rs 90,000 crore including F&O turnover of Rs 70,000 crore, which pointing volumes of over Rs 1 lakh crore at close.

In the largecaps, Sterlite Industries and Jaiprakash Associates went up 6-7%. Tata Motors, HCL Tech, Reliance Infrastructure, IDFC, Wipro, Suzlon Energy, Hindalco and Infosys gained 4-5%. Tata Steel, Siemens, GAIL, Jindal Steel, Sun Pharma and Power Grid Corp were up 3-3.7%.

The Sensex was up 392 points at 16,832 and the Nifty rose 118 points to 5,000. The broader indices were up 1.5-2%.

The market breadth was positive; about 1,843 shares advanced while 1,148 shares declined on the BSE. Nearly 775 shares were unchanged.

Top percentage gainers - Gloster Jute, Jubilant Org, Siyaram Silk, McDowell Holding and MSP Steel surged 20% each. Shrenuj and Company gained 16.24%.

In the midcap space, Educomp Solutions, Info Edge, Shipping Corp and REI Six Ten were up 7.5-10% while Jai Corp, Blue Dart, BF Utilities, Bajaj Finserv and AstraZeneca fell 2-5.5%.

In the smallcap space, Mercator Lines, Indraprastha and UB Holdings went up 11.5-13% while Savita Oil Tech, Sarasind, Zodiac Clothing, Advanta and Jindal Worldwid slipped 3.5-4%.

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