Friday, 28 August 2015

Sensex jumps 400 points; banking stocks lead

The broader market is also trading in line with the BSE headline index, the Mid-cap and Small-cap indices gained over 1.5 percent each at 10,894 and 11,174, respectively. The BSE IT, Power and Realty indices have jumped 2 percent each at 11,252, 1,893 and 1,309, respectively.


Bombay Stock Exchange Up
The market has strengthened its gains in the morning deals, on the back all-round buying.

Buying is clearly evident in sectors like IT, power, realty, metal, bank, energy, capital goods, auto and pharma.

The key benchmark indices rallied to a fresh intra-day high at 26,660 and 8,082, respectively.

At 10:30 AM, the BSE Sensex is quoted at 26,651 - up 419 points and the NSE Nifty is quoted at 8,083 - up 134 points.

The broader market is also trading in line with the BSE headline index, the Mid-cap and Small-cap indices gained over 1.5 percent each at 10,894 and 11,174, respectively.

Among sectors, the BSE IT, Power and Realty indices have jumped 2 percent each at 11,252, 1,893 and 1,309, respectively.

The BSE Metal and Capital Goods indices have spurted almost 2 percent each at 7,488 and 16,578, respectively.

The BSE Oil & Gas, Healthcare and Auto indices are the other prominent gainers.

The breadth is extremely positive in morning deals - out of 2,052 stocks traded on the BSE so far 1,578 stocks are advancing, while 429 stocks were declining.

All Sensex stocks are trading in green, except, Mahindra & Mahindra down 0.5 percent at Rs. 1,226.

ONGC has soared 6 percent to Rs. 245, after the company said it has received a one-year extension to explore in a Vietnam oil block.

Vedanta rallied nearly 6 percent at Rs. 96.35. Hindalco surged 4.5 percent at Rs. 84.25.

NTPC jumped almost 4 percent at Rs. 124. Gail India spurted over 3.5 percent at Rs. 291.

Infosys advanced over 3 percent at Rs. 1,118. Axis Bank, BHEL and Bajaj Auto gained almost 3 percent each at Rs. 524, Rs. 238 and Rs. 2,252, respectively.

Tata Steel, SBI, Larsen & Toubro, Bharti Airtel and Dr. Reddy's are the other significant gainers.

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