Sensex holds 100 points gain amid volatility; RIL supports
02 Sep 2011
The benchmark Sensex was trying to hold 100 points gains amid choppy trade, aided by heavyweight Reliance Industries. Metal, auto, cement, healthcare, telecom and major banking stocks too were quite supportive.
The Nifty managed to cross the 5,000 mark, which is considered as a support. The index was trading at 5,030, up 30 points. The 30-share BSE Sensex rose 122 points to 16,799.
Among largecaps, Sterlite Industries, Tata Steel, Bajaj Auto, M&M, Sun Pharma, DLF and Reliance Communications rallied 3-6%.
Heavyweight Reliance Industries has remained trading with 3% gain. ITC, ICICI Bank, Bharti Airtel and SBI moved up 1-2%.
However, TCS, NTPC, BHEL, Infosys, Tata Power, PNB, IDFC, Maruti, Siemens and Grasim were down 1-3%.
On the global front, European markets like France's CAC, Germany's DAX and Britain's FTSE were down 2-3% ahead of US jobs data to be declared today.