Sensex choppy; ICICI Bank jumps post Q1 nos
29 Jul 2011
Consolidation continued in the market on expected lines after being shattered in previous three sessions, falling more than 660 points on the Sensex. It seemed that all negatives have been priced in and now all eyes are on US debt deal.
The 50-share NSE Nifty was trading at 5,501, up with gaining 14 points over previous closing value. The 30-share BSE Sensex gained 64 points to 18,274.
Heavyweights like Bhati Airtel and ITC with gaining over a percent were pushing the market higher. Other counters namely Infosys, NTPC, TCS, HUL and Sterlite Industries too were following the same trend.
ICICI Bank gained over 2% after 30% jump in profits for the first quarter of FY12.
Anil Dhirubhai Ambani Group companies' shares like Reliance Communications and Reliance Capital were on buyers' radar as well on the back of short covering.
On the flip side, ONGC, Jindal Steel, Power Grid, Sesa Goa, Kotak Mahindra Bank, Ambuja Cements, IDFC and Jaiprakash Associates has been remained on sellers' radar since the morning trade. BHEL, HDFC, L&T, SBI and HDFC Bank too fell between 0.4-0.9%.
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