Nifty gains; oil & gas, financials, metals, tech, realty up
02 Dec 2010
At 15:02 hours IST - equity benchmarks were trying to hold psychologically important levels since morning trade - the Nifty at 6000 and the Sensex at 20000 mark. Oil & gas, financial, metal, technology, realty and Anil Dhirubhai Ambani Group companies' shares were on buyers' radar.
Support was also led by global cues; European markets like France's CAC, Germany's DAX and Britain's FTSE gained 0.4-0.7%. Asian markets ended the session 0.5-2% higher.
However, Hero Honda crashed further; tumbled over 7% as Hero & Honda agreed to royalty at around Rs 2300-2400 crore. NTPC, Bharti Airtel, L&T, M&M, Maruti, GAIL, BPCL, ITC, Tata Power and HUL were other losers, which capped the gains to some extent.
The 30-share BSE Sensex gained 149 points at 19999 and the 50-share NSE Nifty rose 50 points to 6,011. The BSE Midcap and Smallcap indices were up 1.2% each.
Top gainers - Reliance Communications was trading at Rs 141.90, up 3.39%; Sterlite Industries was at Rs 169.55, up 3.04%; Tata Motors was at Rs 1,321.25, up 2.57%; Wipro was at Rs 425.05, up 2.53%; ICICI Bank was at Rs 1,193.65, up 2.29% and Suzlon Energy was at Rs 52.85, up 2.52%.
In midcap space, Gujarat Flourochem surged 17%. Man Infra, Dishman Pharma, ARSS Infra and GSFC gained 8-10% while Shree Ashtavinayak plunged 10%. Money Matters, MVL, Hathway Cable and Jet Airways slipped 2.8-5%.
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