Nifty holds 5600; IT, oil & gas, capital goods surge
Published on Fri, Jul 22, 2011 at 13:08 | Source : Moneycontrol.com
Updated at Fri, Jul 22, 2011 at 14:04
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Nifty holds 5600; IT, oil & gas, capital goods surge
The benchmark indices were holding their morning gains and still trading higher. The NSE Nifty was trading high points of the day and broke its 150-days simple moving average (5614). On the global front, Asian and European markets surged on Greece bailout plan announcement.
The benchmark indices were holding their morning gains and still trading higher. The NSE Nifty was trading high points of the day and broke its 150-days simple moving average (5614). On the global front, Asian and European markets surged on Greece bailout plan announcement.
Strong buying interest emerges from IT, oil & gas, capital goods, banks, auto, power and pharma stocks. All stocks on the BSE Sensex were trading in positive terrain.
At 12.56 hrs IST, the Sensex was up 299.14 points or 1.62% at 18735.33, and the Nifty was up 90.25 points or 1.63% at 5631.85.
About 1699 shares have advanced, 1047 shares declined, and 922 shares remain unchanged.
Most active shares on BSE - Bharti Airtel, Rushil Decor, Varun Industries, Amrutanjan Health Care and Petronet LNG.
Top percentage gainers on the BSE - Safari Ind, Clarus Finance, Kanpur Plast, Sunflag Iron and Sayaji Hotels were up 15-20%.
Top percentage losers on the BSE - Shree Gan Jewel, Ricoh India, Ultramarine, Karma Ind and Jay Ushin were down 7-20%.
Earnings: Higher provisioning dented Union Bank of India 's April-June net profit, which fell nearly 23% to Rs 464.4 crore as against Rs 601.4 crore in a year back. Provisions rose more than two-fold to Rs 464.42 crore as against Rs 197.27 crore during the corresponding quarter of the previous year. ( For detail results )
