Nifty touches 5400, DLF, Suzlon, IDFC, Unitech up
Wednesday, 14 July 2010
MUMBAI, July 13 (Economic Times): Benchmarks bounced back in the positive terrain Tuesday as sentiments turned bullish taking support of European peers. The upmove was led by gains in realty, oil & gas and capital goods stocks.
At 2:30 pm, National Stock Exchange's Nifty was at 5397.25, up 14.25 points or 0.26 per cent. The broader index hit a high of 5401.15 and low of 5357.85.
Bombay Stock Exchange's Sensex was at 17966.83, up 29.63 points or 0.17 per cent. The index touched a high of 17980.48 and low of 17855.85.
BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index moved 0.64 per cent higher.
Amongst the sectoral indices, BSE Realty Index was up 3.22 per cent and BSE Capital Goods Index moved 1.34 per cent higher. BSE IT Index fell 2.70 per cent and BSE FMCG Index declined 0.21 per cent.
IT stocks were witnessing profit booking after Infosys Technologies reported lower-than-expected 1QFY11 results. The company reported revenues of US$1,358 mn (+4.8 per cent qoq, 21 per cent yoy) and net income of Rs14.9 bn (-5.2 per cent qoq, -2.6 per cent yoy).
DLF (5 per cent), Unitech (4.84 per cent), Suzlon Energy (4.66 per cent), IDFC (2.86 per cent) and Jaiprakash Associates (2.27 per cent) were amongst the top Nifty gainers.
Idea (-5.28 per cent), Infosys Technologies (-3.38 per cent), TCS (-2.11 per cent), Bharti Airtel (-1.83 per cent) and Wipro (-1.28 per cent) were amongst the losers.
Market breadth was positive on the NSE with 1780 gainers against 1360 losers.
European markets gained momentum after a positive start. FTSE 100 was up 1.28 per cent, CAC 40 gained 1.24 per cent and DAX advanced 1.22 per cent.
At 2:30 pm, National Stock Exchange's Nifty was at 5397.25, up 14.25 points or 0.26 per cent. The broader index hit a high of 5401.15 and low of 5357.85.
Bombay Stock Exchange's Sensex was at 17966.83, up 29.63 points or 0.17 per cent. The index touched a high of 17980.48 and low of 17855.85.
BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index moved 0.64 per cent higher.
Amongst the sectoral indices, BSE Realty Index was up 3.22 per cent and BSE Capital Goods Index moved 1.34 per cent higher. BSE IT Index fell 2.70 per cent and BSE FMCG Index declined 0.21 per cent.
IT stocks were witnessing profit booking after Infosys Technologies reported lower-than-expected 1QFY11 results. The company reported revenues of US$1,358 mn (+4.8 per cent qoq, 21 per cent yoy) and net income of Rs14.9 bn (-5.2 per cent qoq, -2.6 per cent yoy).
DLF (5 per cent), Unitech (4.84 per cent), Suzlon Energy (4.66 per cent), IDFC (2.86 per cent) and Jaiprakash Associates (2.27 per cent) were amongst the top Nifty gainers.
Idea (-5.28 per cent), Infosys Technologies (-3.38 per cent), TCS (-2.11 per cent), Bharti Airtel (-1.83 per cent) and Wipro (-1.28 per cent) were amongst the losers.
Market breadth was positive on the NSE with 1780 gainers against 1360 losers.
European markets gained momentum after a positive start. FTSE 100 was up 1.28 per cent, CAC 40 gained 1.24 per cent and DAX advanced 1.22 per cent.