Home / Market Beat / Markets surge during close. Reliance Capital up 9%.

Markets surge during close. Reliance Capital up 9%.

Markets witnessed a strong trade towards the close of the session, taking Nifty close to the 5400 mark. Infrastructure related stocks continued to gain today as well, while selected counters from the banking space were down.

The Nifty closed at 5372, up by 38 pts or +0.7%.

Reliance Capital & Reliance Infra were the star trades. Reliance capital closed by making nearly 10% gains. The stock closed at 410.85. Reliance Infra also closed with 7% gains.

JPAssociates was up by 4% in the trade, while Punj lloyd recorded a 2% upmove.

Coal India (COALINDIA), RCOM, BPCL, IDFC – had all recorded gains of 2% each.

Hindalco was a big gainer with 5.4% gains.

Midcap stocks also witnessed big moves.
HDIL was up by 8.5%. Educomp solutions had moved up by 7%. Titan industries witnessed 4.5% surge.

Index heavyweight ONGC was down by over 1%, after it announced its results for the previous quarter. The company announced a decline in the profits in the quarter ended in December.

Another major impact with the results was with Bharti Airtel. The stock was down by 6.8% by close. The company came up with its quarterly results which disappointed the markets.



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