Indian Stock Market : Nifty ends above 5,200; realty, banks, metals gain

The Nifty ended the truncated session on a positive note, above 5,200, on low volumes. The special trading session today was held since the NSE was upgrading its futures and options trading system, as reported. The daily mark to market settlement for futures and the premium settlement for options for trades done in the F&O segment will take place on Monday, 30 April 2012.

The Nifty ended at 5,209, up 18.40 points, or 0.35 percent. It touched an intraday high of 5,216.40 and a low of 5,196.35.

The Sensex closed at 17,209.47, up 75.22 points, or 0.44 percent. It touched an intraday high of 17,212.36 and a low of 17,125.88.

The BSE Midcap Index was up 0.64 percent and the Smallcap Index gained 0.58 percent.

Among sectoral indices, the BSE Realty Index was up 1.19 percent, the BSE Bankex advanced 0.94 percent, the BSE Metal Index gained 0.85 percent and the BSE Auto Index was up 0.71 percent.

Sterlite Industries (1.73%), Axis Bank (1.73%), Ranbaxy Laboratories (1.53%), Jindal Steel (1.28%) and Sesa Goa (1.23%) were among the top Nifty gainers.

Axis Bank reported a standalone net profit of Rs 1,277.27 crore for the quarter ended March 2012. Interest earned stood to Rs 6,060.32 crore for the quarter.

Jindal Steel & Power posted a standalone net profit of Rs 2,110.65 crore for the year ended March 2012 against Rs 2,064.12 crore a year ago. Net sales rose to Rs 13,270.67 crore for the year against Rs 9,534.89 crore last fiscal.

Shares of fertiliser companies were in the limelight. Rashtriya Chemicals surged 8.59 percent, National Fertilisers rallied 15.25 percent, Chambal Fertilisers gained 4.79 percent and Fertilisers and Chemicals Travancore rose 7.86 percent.

Siemens (0.93%), Grasim (0.42%), Kotak Bank (0.35%), HCL Tech (0.29%) and Reliance Industries (0.21%) were the losers. 

Source : Economics Times

Indian Stock Market : Nifty near 5,200; Axis Bank, Jindal Steel, Ranbaxy up

The Nifty opened in the green on the special live session as the exchange is upgrading its futures and options trading system.

At 11:33 a.m., the Nifty was at 5,200, up 9.40 points, or 0.18 percent. It has touched a high of 5,212.15 and a low of 5,196.35 in trade today.

The Sensex was at 17,167.25, up 33 points, or 0.19 percent. It has touched a high of 17,194.59 and a low of 17,125.88 in trade today.

The BSE Midcap Index was up 0.14 percent and the Smallcap Index gained 0.22 percent.

Among sectoral indices, the BSE FMCG Index was up 0.56 percent, the BSE Bankex advanced 0.52 percent and the BSE Bankex gained 0.52 percent. The BSE IT Index was down 0.18 percent and the BSE Capital Goods Index declined 0.11 percent.

Axis Bank (2.63%), Jindal Steel (1.60%), Ranbaxy Laboratories (0.95%), Punjab National Bank (0.95%) and Hindalco Industries (0.88%) were among the top Nifty gainers.

Axis Bank reported a standalone net profit of Rs 1277.27 crore for the quarter ended March 2012. Interest earned stood at Rs 6,060.32 crore for the quarter.

Jindal Steel & Power posted a standalone net profit of Rs 2,110.65 crore for the year ended March 2012 against Rs 2,064.12 crore a year ago. Net sales rose to Rs 1,3270.67 crore for the year against Rs 9,534.89 crore last fiscal.

Sun Pharma (0.59%), Reliance Industries (0.30%), Power Grid Corporation (0.23%), TCS (0.17%) and Hero MotoCorp (0.16%) were the major index losers.

The market breadth was positive on the NSE with 665 gainers against 499 losers.

The NSE is upgrading its futures and options trading system and, hence, conducting a special live trading session today in the F&O and capital market segments. The market will remain open for trading between 11:15 a.m. and 12:45 p.m.

The daily mark to market settlement for futures and the premium settlement for options for trades done in the F&O segment will take place on Monday, 30 April 2012.