Nifty tests 5000; metals, IT, banks, auto, cap goods up
Published on Fri, Nov 13, 2009 at 11:55 | Source : Moneycontrol.com
Updated at Fri, Nov 13, 2009 at 12:09
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Nifty tests 5000; metals, IT, banks, auto, cap goods up
At 11.54 hrs IST today, the Nifty was trading with positive bias and surpassed the 5000 mark on the upside. CMIE revised India's FY10 GDP growth forecast to 6.2% from 6%. Heavy buying was seen in metal, IT, auto, PSU and banks.
At 11.54 hrs IST, the Nifty was trading with positive bias and surpassed the 5000 mark on the upside. CMIE revised India's FY10 GDP growth forecast to 6.2% from 6%. Heavy buying was seen in metal, IT, auto, PSU and banks. The Realty index was the only index trading in the red. The midcap & smallcap indices continue to underperform largecap index. The BSE Midcap and the Smallcap index were up 0.7% & 0.84% respectively.
The Sensex was up 164.66 points or 0.99% at 16860.69, and the Nifty was up 39.90 points or 0.81% at 4992.55. About 1660 shares had advanced, 1116 shares declined, and 653 shares were unchanged.
Maruti Suzuki was the top gainer on the Sensex up 2.42%. Heavyweights like TCS, Tata Steel, Hero Honda & Infosys were up 1.6%-2%. On the losing side, Jaiprakash Associates, DLF & Tata Power were down 0.02%-2.13%.
Technical Analysts suggest that Nifty could see immediate support around 4895-4915 on the downside.
Top gainers in the midcap space: Motherson Sumi, Ackruti City, Andrew Yule, Nat Fert & Shipping Corp were up 4-6%.
Top losers in the midcap space: Spice Communication, Dish TV India, Jubilant Org, Karnataka Bank & JagranPrakashan were down 2-3%
Top gainers in the smallcap space: Mukand, Advanta, Wire & Wireless, SpiceJet & NOCIL were up 7-8%.
Top losers in the smallcap space: Religare Techno, Ruchinfra, MSP Steel, Hind Motors, & Core Projects were down 4-7%.
