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Buying seen in markets. Metals shine

The week has started on a positive note as markets witness broad based buying. The BSE Sensex was up 271 points at 15,966 and the 50-share NSE Nifty rose 81 points to 4,790 in the opening trade.

In the frontline space, Hindalco, JSPL, Sterlite, SAIL, Tata Steel, BHEL, L&T, Reliance Infrastructure, ICICI Bank, IDFC, Kotak Mahindra Bank, Axis Bank, SBI, Maruti Suzuki, Cipla DLF and Coal India rallied 2-3.5%.

The CNX Midcap gained 83 points at 6,680. The market breadth was strong; about five shares gained for every share falling on the National Stock Exchange.

In the second line shares, GVK Power, Lovable Lingerie, Dish TV, KRBL, DB Realty, Sun TV, HOEC, VIP Industries, Lanco Infra, Gujarat Alkalies, Sintex, Parsvnath Developers, Chambal Fertiliser and Apollo Tyres moved up 2-6%.
Pantaloon Retail and Vishal Retail lost 3.5% each as the cause of concern may be disagreement with FDI in retail sector by opposition parties in the parliament. Koutons fell 6%.

Kingfisher Airlines and Jet Airways slipped 1.5%


 

 

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