SENSEX NIFTY
Mar 30, 2012, 12.40 PM IST | Source: Moneycontrol.com

Sensex trades strong; HPCL, BPCL rally on price hike talks

The NSE Nifty retained the 5250 level quite nicely today while the BSE Sensex sustained its 200 points gains since morning trade. Banks, oil & gas, capital goods and metals stocks were leading gainers among largecaps while infrastructure, realty and banks rallied among second line shares.

12:17

The NSE Nifty retained the 5250 level quite nicely today while the BSE Sensex sustained its 200 points gains since morning trade. Banks, oil & gas, capital goods and metals stocks were leading gainers among largecaps while infrastructure, realty and banks rallied among second line shares.

Shares of Hindalco and IDFC topped the buying list, shooting up 4% each. Jaiprakash Associates, Tata Power and GAIL gained 3-3.5% whereas Wipro, Sun Pharma and Cairn India lost around 1%.

The BSE benchmark rose 209 points to 17,267.41 and the NSE benchmark gained 68 points at 5,246.85. The BSE Midcap and Smallcap indices too rallied over 1%.

Among banks, State Bank of India and HDFC Bank were up 1.4% while rival ICICI Bank moved up 2.4%. Housing finance company HDFC was up 1.2%.

Shares of TCS, Infosys, Reliance Industries, L&T, Tata Motors, ONGC, BHEL, Coal India and Sterlite Industries were up 1-2%.

Stocks In News

HDIL gained 4% after MD Sarang Wadhawan sold 50 lakh (1.19%) shares.

Shares of oil marketing companies were rallying today after CNBC-TV18 reported quoting sources that these companies may hike petrol prices soon. HPCL shot up 5% while rivals BPCL and IOC gained 1.4-2%.

Nava Bharat Ventures surged 10% after a block deal of 55 lakh shares.

11:02
The BSE Sensex extended rally, gaining more than 200 points supported by Reliance Industries, ICICI Bank and Infosys. The Indian rupee shot up by 28 paise to 51.12 a dollar as the Reserve Bank of India said it would buy Rs 10,000 crore of 4 GILTS via open market operations today

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10:17
The BSE Sensex stayed strongly higher, rising over 1% due to consistent buying interest across sectors. The broader markets too rallied 1%. The Bank Nifty gained more than 150 points, supported by ICICI Bank with 2% gains and State Bank of India with 1.4%.

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09:19
The NSE Nifty started off trade above the 5200 level on first day of April Series, helped by banks, capital goods, technology and metals stocks. The BSE Sensex too gained more than 150 points in early trade after falling in previous two sessions, even after mixed Asian markets.

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