Sensex climbs to 19300; metals, realty lead early gainers
Benchmark indices continued to build on the massive gains of the last couple of trading sessions, with the Sensex up nearly 150 points to 19316, and the Nifty up 35 points to 3860.
November 30, 2012 / 10:42 IST
Moneycontrol.com
Benchmark indices continued to build on the massive gains of the last couple of trading sessions, with the Sensex up nearly 150 points to 19316, and the Nifty up 35 points to 3860.Metals, capital goods and realty shares were the key gainers in early trade. Including the gains in the first half an hour of today’s trade, the Sensex has now gained over 750 points since Tuesday.Also Read: GDP figures may move mkt; global cues supportive: Udayan Brokers said some amount of profit taking was inevitable later in the session, as the market lacked fundamental triggers for a further upmove. They expect a volatile trend in the next couple of sessions.Positive comments by rating agency Moody’s and investment bank Goldman Sachs has lifted sentiment, but bigger worries like a slowing economy and tepid earnings growth remain.There appeared to be more demand for mid-caps and small caps this morning, than frontline shares, which are now beginning to look over-valued after the run up over the last few sessions.The BSE Midcap and Small Cap indices are up around 0.7% and 0.6%, compared to a 0.5% rise in the Sensex.Among key gainers, Opto Circuit, Canara Bank, Lanco Infratech, Divi’s Lab and Suzlon were up 3-4%. Yesterday’s big gainers, Indiabulls Financial Services, Bajaj Auto, and Tata Motors, were under pressure, down 1-2%. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
