Sensex up over 250 points as European markets gain
10 Aug 2011
After three days (Friday, Monday and Tuesday) of bloodshed, the Indian equity benchmarks today continued their upward trajectory. In the last hour of trade the indices were moving towards the day's high as European markets started regaining their losses. Even Dow Jones futures trimmed its losses to 28 points from 135 points. But all markets remained extremely volatile with positive bias.
The 30-share BSE Sensex was trading at 17,120, up 261 points and the 50-share NSE Nifty gained 83 points at 5,155. Market breadth remained positive with about six shares advancing for every one share declining.
Heavyweights like NTPC, TCS, HDFC Bank, Infosys, SBI, ICICI Bank, BHEL, L&T and Wipro rallied 2-4%. Tata Motors shot up over 6% on short covering and long build up.
The BSE Midcap and Smallcap indices moved up 2% each. Midcaps like Page Industries, Monsanto India, Rashtriya Chemical, India Securities and Jai Corp shot up 10-20%.
Brent crude inched USD 4 to USD 106.4 a barrel. WTI crude went up USD 3 to USD 82.2 a barrel on the NYMEX.
At 14:02 hours IST : Sensex face marginal loss as Dow futures slip