The Indian markets closed in the green on the back of positive global and domestic cues to end the week on a positive note. The Sensex and Nifty both gained close to 0.8 per cent up in trade today.
The Sensex gained 142 points to 17,064 and the Nifty added 40 points and was trading at 5,119 mark.
Among the sectoral indices, the gains were led by the capital goods index on the back of strong IIP growth. The IIP for April grew at 17.6 per cent vs 13.5 per cent (month on month). Capital goods grew at 72.8 per cent (year on year).
Banking stocks gained 1.04 per cent on expectations of strong credit offtake as the economy betters. Oil and gas stocks gained 1.67 per cent after RIL rose 3 per cent. The company discovered more oil in the Cambay basin.
RIL also gained on reports that it had acquired controlling stake in Infotel. The company confirmed, after market hours, that it had acquired 95 per cent in Infotel for Rs 4,800 crs. Infotel is a business venture of HFCL group. HFCL gained 4.98 per cent. This paves the way for Mukesh Ambani to enter the telcom services sector.
Realty stocks like HDIL, DB Realty and Ackruti gained after the Mumbai HC turned down Maharashtra's government's order to increase the Floor space index (FSI) from 1 to 1.33. Ackruti City rose 3.03 per cent and HDIL gained 6.74 per cent.
The broader markets underperformed but stayed in the green with the BSE small cap index up 0.44 per cent and the mid cap gaining 0.28 per cent. The market breadth was positive with 51 per cent stocks rising on the BSE.
RIL, BHEL and M&M were the top gainers on the BSE. Bharti Airtel was down 3.75 per cent after rising for two days. Sterlite Industries, ACC and Reliance Infra were the other losers.
M&M has been the top gainer for the week. The company is planning to enter into the small car segment. The stock rose 2.11 per cent. Fortis Healthcare rose 7.97 per cent. The company is raising funds for a possible acquisition of Parkway in Singapore.
The Standard Chartered IDR was listed today. The issue price was Rs 104 and the stock was listed at Rs 105 per share.
The European markets opened flat with a positive bias. France's CAC 40 was up 0.70 per cent, Germany's DAX gained 0.06 per cent and the FTSE was up 0.79 per cent.
Asian stock markets closed with gains mostly after China's trade grew in May. The Nikkei 225 rose 162 points, or 1.70 per cent, to 9,705. Japan's economy has grown faster in the first quarter of this year. South Korea's Kospi index increased 1.43 per cent. The Chinese markets were up. The Shanghai Composite rose 0.29 per cent and Shenzen 300 gained 0.32 per cent.
Trading in Dow futures indicated that the index might open flat. The Dow futures were trading up 0.20 per cent at 10,166.
Overnight, the Dow rose 273 points or 2.8 per cent to 10, 172 on the back of China's growth numbers and a rise in energy stocks.
Read more at: http://beta.profit.ndtv.com/news/show/sensex-ends-142-points-up-ril-gains-3-73609?cp
Among the sectoral indices, the gains were led by the capital goods index on the back of strong IIP growth. The IIP for April grew at 17.6 per cent vs 13.5 per cent (month on month). Capital goods grew at 72.8 per cent (year on year).
Banking stocks gained 1.04 per cent on expectations of strong credit offtake as the economy betters. Oil and gas stocks gained 1.67 per cent after RIL rose 3 per cent. The company discovered more oil in the Cambay basin.
RIL also gained on reports that it had acquired controlling stake in Infotel. The company confirmed, after market hours, that it had acquired 95 per cent in Infotel for Rs 4,800 crs. Infotel is a business venture of HFCL group. HFCL gained 4.98 per cent. This paves the way for Mukesh Ambani to enter the telcom services sector.
Realty stocks like HDIL, DB Realty and Ackruti gained after the Mumbai HC turned down Maharashtra's government's order to increase the Floor space index (FSI) from 1 to 1.33. Ackruti City rose 3.03 per cent and HDIL gained 6.74 per cent.
The broader markets underperformed but stayed in the green with the BSE small cap index up 0.44 per cent and the mid cap gaining 0.28 per cent. The market breadth was positive with 51 per cent stocks rising on the BSE.
RIL, BHEL and M&M were the top gainers on the BSE. Bharti Airtel was down 3.75 per cent after rising for two days. Sterlite Industries, ACC and Reliance Infra were the other losers.
M&M has been the top gainer for the week. The company is planning to enter into the small car segment. The stock rose 2.11 per cent. Fortis Healthcare rose 7.97 per cent. The company is raising funds for a possible acquisition of Parkway in Singapore.
The Standard Chartered IDR was listed today. The issue price was Rs 104 and the stock was listed at Rs 105 per share.
The European markets opened flat with a positive bias. France's CAC 40 was up 0.70 per cent, Germany's DAX gained 0.06 per cent and the FTSE was up 0.79 per cent.
Asian stock markets closed with gains mostly after China's trade grew in May. The Nikkei 225 rose 162 points, or 1.70 per cent, to 9,705. Japan's economy has grown faster in the first quarter of this year. South Korea's Kospi index increased 1.43 per cent. The Chinese markets were up. The Shanghai Composite rose 0.29 per cent and Shenzen 300 gained 0.32 per cent.
Trading in Dow futures indicated that the index might open flat. The Dow futures were trading up 0.20 per cent at 10,166.
Overnight, the Dow rose 273 points or 2.8 per cent to 10, 172 on the back of China's growth numbers and a rise in energy stocks.
Read more at: http://beta.profit.ndtv.com/news/show/sensex-ends-142-points-up-ril-gains-3-73609?cp
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