As expected, the rally in Indian share market continued and the BSE Sensex closed above the psychological barrier of 20,000 points after two years. The chief two factors which accounted for today’s rally were, reports of world's top two economies, US and China, showing new signs of economic recovery and secondly, the rally in shares of oil marketing companies (OMCs) continuing for the second day after the government yesterday partially de-regulated the diesel prices, which is expected to help reduce subsidies and keep the fiscal deficit in check. The market today traded in positive zone for the entire day.
The BSE Sensex closed at 20039.04, up by 75.01 points, while the NSE Nifty rose by 25.20 points to close at 6064.40. The Sensex opened at 20038, touched a day's high of 20126 and a day's low of 19990. The Nifty opened at 6059, touched a day’s high of 6,083 and a day’s low of 6,048.
Shares of BPCL, ONGC, NTPC, RIL, SBI, ICICI Bank, Maruti Suzuki, BHEL, HDFC, Bajaj Auto, L&T, Tata Power and Hindalco Inds were among gainers in Sensex and Nifty. While shares of Infosys, Wipro, TCS, Sun Pharma, Bharti Airtel, Tata Steel, Tata Motors, Hero MotoCorp, Dr Reddys Lab, M&M and HUL were among losers in Sensex and Nifty.
The BSE Midcap index ended the day with fall of 0.23% while BSE Smallcap index was down by 0.52%. Among the 13 sectoral indices, six sectors closed in the red zone while remaining seven sectors closed in the green zone. Top gaining sectors were, BSE Oil&Gas up by 3.09%, BSE PSU up by 2.77%, BSE Power up 1.44%. Top losers are, BSE IT and BSE TECk falling by 1.13% and BSE Auto declining by 0.73%.
The market breadth stood in favor of declines. Of the 3071 stocks traded on the BSE, 971 (31.62%) rose, 1331 (43.34%) fell and 769 (25.04%) stocks remained unchanged.
Asian stocks were higher as China's fourth quarter growth data was better than expected. Japanese stocks soared. Hong Kong's Hang Seng rose 1%, Taiwan's Weighted index gained 1%, Singapore's Straits Times was up 0.34%, while China's Shanghai Composite added 1% and Japan's Nikkei gained 2.3%. European markets ended mixed today. While FTSE was up, DAX and CAC ended lower. Markets in the US is allso slightly lower when this report is being prepared.
The BSE Sensex closed at 20039.04, up by 75.01 points, while the NSE Nifty rose by 25.20 points to close at 6064.40. The Sensex opened at 20038, touched a day's high of 20126 and a day's low of 19990. The Nifty opened at 6059, touched a day’s high of 6,083 and a day’s low of 6,048.
Shares of BPCL, ONGC, NTPC, RIL, SBI, ICICI Bank, Maruti Suzuki, BHEL, HDFC, Bajaj Auto, L&T, Tata Power and Hindalco Inds were among gainers in Sensex and Nifty. While shares of Infosys, Wipro, TCS, Sun Pharma, Bharti Airtel, Tata Steel, Tata Motors, Hero MotoCorp, Dr Reddys Lab, M&M and HUL were among losers in Sensex and Nifty.
The BSE Midcap index ended the day with fall of 0.23% while BSE Smallcap index was down by 0.52%. Among the 13 sectoral indices, six sectors closed in the red zone while remaining seven sectors closed in the green zone. Top gaining sectors were, BSE Oil&Gas up by 3.09%, BSE PSU up by 2.77%, BSE Power up 1.44%. Top losers are, BSE IT and BSE TECk falling by 1.13% and BSE Auto declining by 0.73%.
The market breadth stood in favor of declines. Of the 3071 stocks traded on the BSE, 971 (31.62%) rose, 1331 (43.34%) fell and 769 (25.04%) stocks remained unchanged.
Looking at other markets
Asian stocks were higher as China's fourth quarter growth data was better than expected. Japanese stocks soared. Hong Kong's Hang Seng rose 1%, Taiwan's Weighted index gained 1%, Singapore's Straits Times was up 0.34%, while China's Shanghai Composite added 1% and Japan's Nikkei gained 2.3%. European markets ended mixed today. While FTSE was up, DAX and CAC ended lower. Markets in the US is allso slightly lower when this report is being prepared.
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