23 December 2009 16:00
Diwali crackers on the eve of Carol :
What was the market today! All round buying seen in the Indian stock market. Market opened flat and perfectly seen bullish trend with higher tops and higher bottoms. In addition, Finance Minister's commented on GDP growth. The Sensex surged 540 points while the Nifty rallied over 150 points in trade today. Positive discussions about divestment programmes in today's Cabinet meeting also added to this upsurge. Good global cues helped the indices to start on a positive note and supported the markets throughout the session.
Buying was seen across all the sectors, which supported the markets to post biggest gains in the month of December. BankNifty was up by 2.38%, CNXIT up by nearly 2.8%, MidCap was up 1.5%, Metal was up by 4%, Autoindex was up by 2%, Oil&Gas index was up with 3.50%, PSU was up by 2.28%, Realty was up by 2.4% and the power index was up by 3.32%.
In Nifty, NTPC was the major gainer with 6.5%. followed by Ster(5.05%), Tatasteel(4.76%), ICICIBank(4.71%) and SAIL(4.64%).
Hope in coming session, Nifty will cross its strong resistance level of 5180-5200.
KEC International bags order worth Rs 401 cr :
IDFC fund to invest Rs 250 cr in Adhunik Power
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