Market ends on +ve note with modest gains

Business

oi-Religare

By Religare

Published: Friday, February 25, 2011, 16:37 [IST]

Mumbai, Feb 25: Indian equity benchmarks were violated in afternoon trade after observing the spike since morning. However, the last session of the week ended on a positive note with modest gains. Meanwhile, the Nifty was on consolidation mode. The Nifty, which slipped below the 5300 mark in afternoon, trade manage to crawl up and held above 5,300 level, backed by Financial, healthcare and FMCG companies' shares

At 4:30 pm, the BSE Sensex was at 17,700.91 up 68.50 and Nifty was at 5,303.55 up 40.85.
4:30AM

Sensex erases gains; sheds 100 points

Indian equity benchmarks were violated in afternoon trade after observing the spike since morning. The Sensex which gained over 160 points had shed 100 points in afternoon. Meanwhile, the Nifty stepped down from 5300 mark and held at 5250 level.

Infrastructure, technology, oil & gas, metal, Anil Dhirubhai Ambani Group (ADAG) and realty companies' shares, dragged down the market.

At 2:30 pm, the BSE Sensex was at 17,709.83 up 77.42 and Nifty was at 5,299.50 up 36.80.
2:30AM

Market trades on green; Nifty shows no gain

The benchmark Nifty doesn't show any significant development. The Nifty held the 5300 mark and was consolidating. The market was supported by banking stocks, healthcare and select heavyweights like Reliance Industries, ITC, Tata Motors, Bharti & BHEL. Short

Asian markets too lent support to the market to snap the streak of losses. Nikkei, Kospi and Taiwan gained 0.7 per cent. Hang Seng and Straits Times were up 1-1.6 per cent while Shanghai was flat.

At 12:15 pm, the BSE Sensex was at 17,709.83 up 77.42 and Nifty was at 5,299.50 up 36.80.
12:15AM

BSE Sensex gains 160 points; opens positively

The BSE Sensex spike by over 166 points in opening trade on Friday, Feb 25. The last session of the week began on brisk buying of bluechips that were badly bruised on Thursday's volatile session.

The Nifty holds the 5300 level backed by financial, infrastructure, oil & gas and healthcare companies' shares. ITC, Tata Motors, Bharti Airtel and Wipro too gained.

Compared to last session crude oil was trading bit low, at USD 97.35 a barrel. Meanwhile, TCS, HUL, Hindalco, Sterlite, Maruti, Hero Honda, JSPL, Power Grid, Tata Power, Bajaj Auto, Reliance Infrastructure, Tata Steel, Kotak Mahindra Bank and ACC were under selling pressure.

At 10:45 am, the BSE Sensex was at 17,737.18 up 104.77 and Nifty was at 5,310.35 up 47.65.
10:45AM

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