Concentrated in the Sensex 200 points, while the Nifty surpassed the 4750 level led broadbased buy. Banks, telecom, capital goods, technology and auto lend much support. Sensex was up 201.5 points from 15,940.23 and the Nifty 58 points at 4,771.85. The broader indices rose over 1%.
As far as the market remains to 4640, Sudarshan Sukhani of s2analytics.com waiting for a market rally mode. His goal is the market between 4.800 to 4.850. He tips for traders to book profits at those levels.
Index heavyweights Reliance Industries, Infosys, TCS and L & T received 1-2%. Among banks, HDFC Bank, ICICI Bank and SBI rose by 1.4% each. HDFC too rose more than 1%.
Telecom major Bharti Airtel shares topped the list of buying, rising to 3% of DOT was TDSAT 3G roaming prohibition order, which said no coercive action should be taken against companies to order. Reliance Communications rose 2%.
Among others, Tata Motors, Hul, Hero Motocorp, BHEL, Tata Steel, M & M, Sterling, DLF and Maruti jumped 1-2%.
At 9:19 hours IST: Sensex bounces back, telecom, tech, capital goods up
The Sensex opened 40 points up the difference between the first day of the week, led by telecom support, technology, capital goods and metal stocks. Asian markets have been quiet in the middle of the mix due to lower volume of the Christmas holiday, but the U.S. markets closed 1% higher than the mail on Friday to move Congress and the positive macro data.
Sensex was up 86.5 points and the Nifty rose 26.35 15,825.22 4,740.35 points.
Shares of the sail, SBI, Reliance Industries, Maruti Suzuki, Hul, BHEL, Coal India, Axis Bank, L & T, Tata Steel, ICICI Bank, Infosys and TCS supported the market.
Telecom stocks rose after the TDSAT stayed DOT ban on 3G roaming arrangements and said no coercive action should be taken against companies to order. Idea shot up 3%, while Bharti and Reliance Communications rose 1.5%.
CNX Midcap was just 12 points at the 6200th The market breadth was positive, while 323 of about 519 shares of the acquired shares fell.
GVK Power has risen 10% since Changi is not going to buy 26% of the company's airport business of Rs 2,200 crore.
Pantalone retail and Lovable Lingerie from 1.5% of short covering.
IRB Infra fell by 1% after the end of the concession agreement NHAI four laning of Goa / Goa Karnataka border.
India Bulls Real, Balrampur Chini and Shree Renuka fell more than 1%.
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Seeing Science Everywhere
11 years ago
