Sensex, Nifty celebrates; Realty, IT up

Commentary

oi-Monika

By Monika Nihalani

Published: Monday, October 10, 2011, 15:20 [IST]

After gaining over 400 points on Friday, the 30-share BSE Sensex continued its rally and was seen trading up by 300 points at 16,533 level during last trading hours. The 50-share Nifty also tuned dramatically well, was seen up by 89 points at 4,977 level.

Among the Sectoral indices, Realty, IT, Consumer Durables and Oil & Gas seen leading, and were up by 2.82%, 2.61%, 2.52% and 2.38%, respectively.

The only sector was seen negative was Healthcare, lost by 0.10%.

On NSE, the top gainers were Tata Motors, Tata Power, Sesa Goa, IDFC and DLF, which rose by 6.57%, 5.60%, 5.44%, 5.11% and 4.68%, respectively.

Maruti Suzuki, Jindal Steel, Sun Pharma, Siemens and L&T were the losers on NSE.

On global front, most of the Asian economies were seen green except China's Shanghai which was down by 0.60% at 2,345.10, while Japan's Nikkei 225 was seen up by 0.98% at 8,605; HongKong's Hang Seng was up by 0.02% at 17,711.

European stocks also fared gains with CAC was seen up by 0.78% at 3,119 and FTSE 100 was seen higher by 34 points at 5,337.

Stocks gained across the board primarily over the news from Europe where both France and Germany, the biggest European nations shook hands to recapitalize the struggling banks of Europe.

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