Markets maintain early gains
Chandrakant / 17 Feb 2012
After having a firm positive opening today, the Indian markets have maintained their gains in the late afternoon trade. The Sensex and Nifty are trading up by 1.28% and 1.35% respectively.
After having a firm positive opening today, the Indian markets have maintained their gains in the late afternoon trade. Positive cues from the Asian market and European countries' bailout scheme for Greece boosted investors' sentiments. The Sensex and Nifty are trading up by 1.28% and 1.35% respectively.
Other Asian markets continued to trade in the green zone. The news of European leaders allocating funds to bail out Greece brought some ray of hope among investors over the debt strangled European nation.
The European markets too opened on a positive note, as investors welcomed the bailout scheme for Greece. There will be some solution eventually, as a Greek default is not in the interest of the Euro zone members.
| Benchmark Indices | ||
|---|---|---|
| Index | Rate | % Change |
| FTSE | 5,911.62 | 0.44 |
| DAX | 6,807.00 | 0.81 |
| CAC | 3,430.52 | 1.09 |
| Hang Seng | 21,491.62 | 1.00 |
| Nikkei | 9,384.17 | 1.56 |
| Shanghai | 2,357.18 | 0.01 |
| Sensex | 18386.41 | 1.28 |
| Nifty | 5,596.70 | 1.35 |
Back home, all the BSE sectoral indices are trading up with gains between 0.10%-4.42%. CD, Power and CG are leading with gains of 4.42%, 3.85% and 3.47% respectively. Realty, Metals and IT are also up between 2%-3.38%.
Among the Sensex shares, BHEL continue to lead the bourse with gains of 8.34%. Bharti Airtel, Coal India, DLF, ICICI Bank, Infosys, Jindal Steel, Sterlite and Tata Power are among the other major gainers up between 1%-5.85%. In the losers pack, Bajaj Auto, GAIL India, Hero MotoCorp, Maruti Suzuki and Tata Motors are down between 0.43%-1.98%.
The market breadth, which indicates the overall health of the market, is positive. On the BSE, 1683 shares rose, 1147 shares fell and 130 shares remained unchanged.
We expect the markets to remain positive for the rest of the day.
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