Sensex lacklustre; Hindalco, DLF, Sesa Goa rally 5-6%
11 Jan 2012
The market was completely lacklustre in trade following mixed global cues, though the Nifty managed to hold 4850 level quite well with support from Reliance Industries. The Sensex was up 38 points at 16,203 and the Nifty gained 17 points at 4,866 while the broader indices surged 1-1.5%.
Index heavyweight Reliance Industries moved up further, rising 2%. Among banks, SBI gained 1.5% while ICICI Bank rose 0.7% and HDFC Bank was up 0.2%.
Buyers' latched on to metal stocks; Hindalco, SAIL, Sesa Goa and Sterlite shot up 5-6%; Tata Steel gained nearly 3%.
Among others, DLF and BPCL jumped 5% each.
However, TCS, Jindal Steel, Cipla, Bharti Airtel, M&M, Power Grid Corp, Grasim and Cairn India were down 1-2%.
In the second line shares, HDIL, Sunteck Realty, Wockhardt, KSK Energy Ventures and Shree Global were up 8-15%.