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Market ends with significant gains; Nifty above 5540 level


Market ends with significant gains
Mumbai, Feb 17: Indian equity benchmarks closed on a strong note with significant gains. Thursday's market opened flat, however, Nifty in afternoon trade touched 5500 level and was inching towards 5550. At closing the Nifty held 5547 mark.

Financial, capital goods, auto, select metal and technology companies' shares lent strong support to the markets. Heavyweight Reliance Industries did good trading.


At 5:00 pm, the BSE Sensex was at 18,506.82 up 205.92 points and Nifty was at 5,546.45 up 64.75 points.

Market keeps uptrend; benchmark gains 1 per cent

The benchmark equity maintained the uptrend. It further recovered 1 per cent. Nifty was gradually drifting towards 5550 level. The market was helped by financial, metal, auto, capital goods, select healthcare and technology companies' shares.

At 2:15 pm, the BSE Sensex was at 18,487.27 up 186.37 points and Nifty was at 5,537.45 up 55.75 points.

Nifty spikes 5500 mark amid losses

The benchmark Nifty was trading low in morning, however, managed to touch the 5500 level. The Nifty was backed by financial (barring ICICI Bank), telecom, healthcare and select technology companies' shares. Bharti Airtel was too on buyers' radar, with gain of 1.5 per cent.

The sell-off in ONGC, NTPC, ICICI Bank, ITC, Wipro, Reliance Industries, HUL, Tata Motors, Tata Power, M&M and Maruti, restricted the major gains.

Meanwhile, HDFC, HDFC Bank and IDFC from financial space rallied 2-3 per cent. SBI, Kotak Mahindra Bank and Axis Bank recovered more than half a per cent.

At 12:30 am, the BSE Sensex was 18,324.50 up 10.78 points and Nifty was at 5,515.55 up 33.85 points.

Market opens week for 2nd consecutive day; Nifty above 5400 mark

The benchmark Nifty opened flat for the second consecutive day and was looming around previous closing value.


Among other frontliners, Jaiprakash Associates, Tata Motors, ICICI Bank, BHEL, ONGC, ITC and L&T were witnessing selling pressure.

Oil & gas, infrastructure, ADAG and FMCG companies' shares were down while metal, select financial and technology shares were trading good.

At 10:30 am, the BSE Sensex was 18,290.12 down 10.78 points and Nifty was at 5,478.70 down 30.00 points.

OneIndia News

Read more about: sensex nifty
Story first published: Thursday, February 17, 2011, 10:44 [IST]
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