Sensex, Nifty rekindles in green; Hindalco down

Commentary

oi-Sneha

By Sneha B K

Published: Thursday, February 9, 2012, 15:28 [IST]

The Indian benchmark indices after trading in negative terrain during the day entered positive terrain with more than 100 points. Nifty was seen trading above 5,400.

Hindalco, India's largest aluminium manufacturer, reported its Q3 results which were down by 2.2% against last year. However net sales surged up by 618% year-on year. Shares of the company were trading down at Rs 158.65 down by 2.20 points or 1.37%.

At 3.20 pm IST, the 30-share BSE Sensex was trading at 17863.20 up by 155.88 points or 0.88%, it had touched intraday low of 17,609 and NSE Nifty was trading at 5418.50 up by 50.35 points or 0.94%.

Among sectoral indices on BSE, most of the sectors were trading in positive terrain. Realty, Bankex, Auto, Metal were leading the rally.

While on the losing side, the only sectors failed to lure investors were Oil & Gas, Capital Goods and Health Care.

On the National Stock Exchange (NSE), the top volume gainers were Ster, Reliance Power, Kotak Bank, Jindal Steel and BPCl posted gains between 3.56%-5.25%.

And the loser in today trade were Sun pharma, DLF, Hindalco, Grasim, Bharti Airtel.

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