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Nifty rocks above 5,300 pts, stocks under positive zone


Nifty rocks above 5,300 pts, stocks under positive zone
Indian stock markets regained their positive strength alongwith their Asian peers on Friday. The 50-share NSE Nifty was seen trading up by 51.20 points or 0.97% at 5,316.95 points while the 30-share BSE Sensex was seen trading up by 188.70 points or 1.08% at 17,670.63 points at 11:50 am IST.

The top gainers on the National Stock Exchange (NSE) were Sterlite Industries, JP Associates, Tata Steel, Axis Bank and BHEL with the gains of 3.35%, 2.81%, 2.65%, 2.45%, 2.43%, respectively.


And, the stocks which stayed away from the rally and trading under the negative territory on the NSE were Ranbaxy (1.01%), Tata Power (0.76%), Hindustan Unilever (0.50%) and GAIL (0.19%).

Amongst the sectoral indices on the Bombay Stock Exchange (BSE), Metals, Realty, Consumer Goods, Consumer Durables and Bankex were top performers with gains of 2.27%, 1.95%, 1.62%. 1.34% and 1.24%, respectively.

Asian stock markets also extended gains with China's Shanghai seen up by 0.61%, Japan's Nikkei rose by 1.86%, Hong Kong's Hang Seng added 3.47%.

Overall breadth of both Indian and Asian markets was under the positive territory on Friday as the global worries eased after Greece decided to hold on referendum for a financial bailout package.

On the other side, European Central Bank also made a surprise move by cutting its interest rate straight by 25 bps, the news which boosted up the market activity.

Read more about: sensex nifty bse nse greece europe metal
Story first published: Friday, November 4, 2011, 12:11 [IST]
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