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Mid-Market- Sensex buoyed by reforms, firm global cues Analysis for Jun 28, 2013

By Religare
|

The key domestic benchmarks were trading on a robust note in noon trade with the Sensex up by 342 points on hopes that the latest set of reforms may help accelerate growth in Asia"s third biggest economy, reviving investor sentiment. The government doubled natural gas prices to help fund investment in exploration while it also approved the Coal Regulatory Authority Bill. Asian markets were trading on a bullish note as robust US and Japanese data signaled an upbeat outlook for the health of the global economy.

 

At 12:16PM, the BSE SENSEX was at 19,217.98, up by 342.03 points or by 1.81per cent, and then NSE Nifty was at 5,783.7, up by 101.35 points or by 1.78 per cent.

The BSE Sensex touched intraday high of 19,251.35 and intraday low of 19,093.18. The NSE Nifty touched intraday high of 5,794.7 and intraday low of 5,749.5.

Meanwhile, the BSE MIDCAP was at 5,906.7, up by 74.12 points or by 1.27 per cent, while the BSE SMLCAP was at 5,624.19, up by 56.94 points or by 1.02 per cent.

On the Sectoral front, Capital Goods and Metal rose 3.32 per cent and 3.17 per cent, respectively.

The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 2119, shares advanced were 1320 while 690 shares declined and 109 were unchanged.

The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 300.05,+4.57%), Bharat Heavy Electricals Ltd. (Rs. 170.40,+4.51%), Tata Motors Ltd. (Rs. 281.00,+4.27%), Larsen & Toubro Ltd. (Rs. 1400.00,+3.68%), Jindal Steel & Power Ltd. (Rs. 208.80,+3.67%), among others.

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Story first published: Friday, June 28, 2013, 12:36 [IST]
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