Monday, June 1, 2009

Sensex Zooming, Europe Opens Firm

. Monday, June 1, 2009

By stockOzone team

Key indices stood firm in the afternoon with positive opening of European markets. Hopes of reforms back home and revival in global economy has led to a lot of attention in the Indian markets. Second rung stocks meanwhile continue to outperform the benchmarks.

At 2:30 pm, Bombay Stock Exchange’s Sensex was at 14786.66, up 161.41 points or 1.10 per cent. The index touched an intra-day high of 14906.81 and low of 14655.49.

National Stock Exchange’s Nifty was at 4525.05, up 76.10 points or 1.71 per cent. The broader index touched an intra-day high of 4545.40 and intra-day low of 4450.40.

BSE Midcap Index was up 2.77 per cent and BSE Smallcap Index gained 3.26 per cent.

Amongst the sectoral indices, BSE Realty Index was up 6.36 per cent, BSE Metal Index gained 4.02 per cent and BSE IT Index was up 3.55 per cent. BSE Bankex was down 1.28 per cent.

Tata Steel (6.82%), Jaiprakash Associates (6.46%), ACC (6.25%), NTPC (6.13%) and Reliance Communications (5.18%) were amongst the Sensex gainers.

ICICI Bank (-2.77%), BHEL (-2.34%), Bharti Airtel (-1.67%), Ranbaxy Laboratories (-1.24%) and Larsen & Toubro (-1.11%) were the index losers.

Market breadth continued to remain positive on the BSE with 2252 advances and 523 declines.

European markets opened higher mirroring the global trend and moved higher led by oil and metal shares. FTSE 100 was up 1.60 per cent, CAC 40 was up 2.37 per cent and DAX gained 3.30 per cent.

Disclosure: Author does not own any of the stocks discussed here.

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