Wednesday 18 February 2015

Nifty above 8,850 levels

CNX Smallcap index is out-performing the benchmark index of the NSE.














The market continues to trade on a firm note on the back of sustained buying in select sectors.

The NSE Nifty has jumped to a high of 8,862 and, is now up 43 points at 8,852.

Similarly, the BSE Sensex has surged to register a fresh intra-day high at 29,336. At 11:50 am, the BSE index is up 173 points at 29,309.

The CNX Smallcap index continues to out-perform the benchmark index of the NSE. The index has jumped over 1.5 per cent at 5,660.

Among Nifty-50 stocks, HDFC has jumped 3.3 per cent at Rs. 1,330 after 804,000 shares were executed in a single block deal on the BSE counter.

Mahindra & Mahindra has added 2.2 per cent at Rs. 1,238 after the company decided to upgrade airbag software on or before July 2014.

Shares of NTPC have also spurted 2.2 per cent at Rs. 147 after the media reported that the company is planning to invest around Rs. 60,000 crore for building renewable energy projects.

Tata Power, Gail India, Hindustan Unilever and Larsen & Toubro are some of the prominent gainers.

On the other hand, Hero MotoCorp has plunged 4.6 per cent at Rs. 2,677 after 3.5 per cent equity exchanged on the BSE and NSE counter around Rs. 2,664 - Rs. 2,718.

Bharti Airtel has tumbled 2.4 per cent at Rs. 353. Sesa Sterlite has dropped nearly 2 per cent at Rs. 208.

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