Failed to connect to MySQL: Too many connections Strong close: Sensex surges 207pts, Nifty ends at 5908 - Moneycontrol.com

Strong close: Sensex surges 207pts, Nifty ends at 5908

It was a steady session as afternoon trade gathered momentum. Led by strength in banks, the market closed the day with handsome gains. The Sensex ended the day gaining 207.89 points at 19570.44 while the Nifty added 57.75 points to end at 5908.95.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Markets » Local Markets

Mar 14, 2013, 07.09 PM | Source: Moneycontrol.com

Strong close: Sensex surges 207pts, Nifty ends at 5908

It was a steady session as afternoon trade gathered momentum. Led by strength in banks, the market closed the day with handsome gains. The Sensex ended the day gaining 207.89 points at 19570.44 while the Nifty added 57.75 points to end at 5908.95.

Like this story, share it with millions of investors on M3

Strong close: Sensex surges 207pts, Nifty ends at 5908

It was a steady session as afternoon trade gathered momentum. Led by strength in banks, the market closed the day with handsome gains. The Sensex ended the day gaining 207.89 points at 19570.44 while the Nifty added 57.75 points to end at 5908.95.

Post Your Comments

Share Cancel

16:23
Moneycontrol Bureau

It was a steady session as afternoon trade gathered momentum. Led by strength in banks, the market closed the day with handsome gains. The Sensex ended the day gaining 207.89 points at 19570.44 while the Nifty added 57.75 points to end at 5908.95.

Banking stocks turned out to be star of the day as investors are expecting a rate cut by Reserve Bank of India in its monetary policy on March 19. Some of the banking stocks, which were marred in the money laundering controversy , also recovered during the day. Big gainers from the sector were SBI (3.5 percent), HDFC Bank (up 2.3 percent) and ICICI Bank (up 2.3 percent).

Realty stocks too saw a strong upmove in today's trade. Unitech was up 6.1 percent, Prestige Estate gained 7.9 percent, HDIL added 2.7 percent while DLF was up 1.5 percent.

Reliance Communication was up 5.6% on media reports that Batelco is in talks to buy controlling stake in Reliance Globalcom. Bahrain Telecommunication Company (Batelco) is discussing a deal to buy controlling stake in Reliance Globalcom, the enterprise business unit of Anil Ambani's Reliance Communications. Reliance Industries closed above the Rs 850-mark at Rs 860.65, up 2% on the BSE.

Other big gainers on the Sensex included Maruti Suzuki (up 3.4 percent) and Tata Power (up 2.9 percent).

Meanwhile, major losers on the Sensex were Gail, Bajaj Auto, Sun Pharma, Bharti Airtel and Hero MotoCorp.

Shares of Kennametal India, which manufactures standard toolkit for machining turbine blades, crashed 9.1 percent amid hefty volumes on Thursday after the company fixed lower offer price for its offer for sale (OFS).

Tomorrow's bets

All eyes will be on oil marketing companies as petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paise a litre from March 15-16.

According to Amit Dalal of Tata Investment the market will remain rangebound for another quarter. "I don't see how this market can go on to a new high without the back of some other banks or the oil and gas sector getting revalued by another 20 percent, which is not going to happen," he said in an interview to CNBC-TV18.

Sudarshan Sukhani, s2analytics.com recommends to go long on Bank Nifty.

14:48
The market picked up steam in afternoon trade. The Sensex gained 183.06 points at 19545.61 while the Nifty was at 5904, up 53.55 points, led by strength in banks.

Read More »

13:00
The BSE Sensex is up 0.83 percent while the 50-share Nifty gains 0.82 percent, as February core inflation at 3.8 percent gives enough headroom for rate cut by the RBI in its policy review on March 19, dealers say.

Read More »

12:27
Key equity benchmarks recovered from day's low after the February WPI inflation data was announced.

Read More »

10:07
The market was moved down by ICICI Bank, HDFC Bank and Axis Bank, which fell 1.50 percent, 1.91 percent and 2.39 percent respectively in early trade.

Read More »

09:33
At 09.19 AM, the Sensex rose 34.01 points at 19396.56 and the Nifty gained 6.75 points at 5857.95.

Read More »

Buy, Hold, Sell ? Hear it first on M3
Strong close: Sensex surges 207pts, Nifty ends at 5908

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login