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

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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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