Sensex Hits Double Century!
Suparna / 14 Jan 2013
The lower-than-expected inflation figures helped the Nifty to close above the 6020 level today and the Sensex ended up at 19,906. Interest rate-sensitive sectors were among the top gainers on hopes that easing inflation would help the RBI to cut rates.
The Indian indices continued to trade on a firm note in the second half of the trading session, supported by lower-than-expected inflation figures. The lower inflation helped the bulls to close above the 6020 level. The Nifty closed up by 75 points at 6024 and Sensex was up by 242.77 points at 19,906. Both indices closed with gains of 1.23%.
The advance-decline ratio ended on the positive side for the day. On the NSE, 873 shares have advanced and 558 shares have declined.
Top 5 NSE Gainers: DLF remained the highest gainer on the NSE and closed up by 7.27%, followed by ONGC, HCL Technologies, Infosys and Jindal Steel & Power.
Top 5 NSE Losers: Maruti Suzuki India is among the top losers for the day, down by 1.67%. Others in the list include Lupin, Cipla, Bajaj Auto and Power Grid Corporation.
Interest rate-sensitive sectors were among the top gainers on hopes that easing inflation would help the RBI to cut rates at its policy meet during the end of the month. The Realty sector closed up by 5.34%. Auto and HC continued to trade in the negative zone and ended down in the range of 0.05%-0.64%.
Asian markets saw a strong rally and closed higher. Shanghai Composite gained by 2.97% closed at 2311. Nikkei 225 was up by 1.38% and Hang Seng gained 0.64%.
The European markets are trading firm. DAX is trading up by 0.74%, followed by CAC 40 and FTSE 100.
Buzzers: Crompton Greaves saw good momentum in today’s trade and closed 4.35% higher at Rs 120.35. The stock surged on reports that the company has acquired the lighting division of Himachal Pradesh-based Karma Industries.
ONGC surprised today with a move of more than 4% and ended the day’s trades at Rs 305.25. In the morning session, the firm was downgraded by CLSA to ‘underperform’ from ‘outperform’. However, the stock managed to gain and closed at a high point.
After range-bound trades, the Nifty has given a fresh breakout. The bulls will give the bears a hard time in the coming trading session, as index will try to touch the 6100 levels.
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