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Sensex, Nifty extend gains

India Infoline News Service | Mumbai |

Finally, BSE Sensex ended at 19476, up 111 points over the previous close. It had earlier touched a day's high of 19516 and a day's low of 19419. It opened at 19429.

The Indian equity markets extended its gains for the second trading session. Market participants remained in good cheer as the Banking Amendment Bill got approval in the Lok Sabha. Market sentiment further got a fillip amid strong global cues.

The rally was led by the Auto, Healthcare, Metals, IT and the Oil & Gas stocks. Even the Mid-Cap and the Small-Cap indices witnessed buying momentum. However, major laggards were the Capital Goods and Consumer Durables stocks.

Finally, BSE Sensex ended at 19476, up 111 points over the previous close. It had earlier touched a day's high of 19516 and a day's low of 19419. It opened at 19429.

The NSE Nifty closed at 5,930, up 33 points over the previous close. It earlier touched a day’s high of 5,939 and a day’s low of 5910. It opened at 5,917.

RIL, Infosys, Wipro, TCS,  Tata Steel, Hero MotoCorp, Dr Reddys Lab, ONGC, Bharti Airtel, Sun Pharma, BHEL, Bajaj Auto, Tata Motors, Hindalco Inds, Mahindra & Mahindra were among gainers in Sensex and Nifty. 

HDFC, ICICI Bank, L&T, ITC, NTPC, SBI, HUL Dr Reddy’s Lab were the loser in Sensex and Nifty.

The advance decline ratio was in favour of the bulls. 1649 stocks advanced against 1311 declining stocks. Only 145 stocks remained unchanged.

The INDIA VIX on NSE was up 0.20% to end at 14.47. It hit a day’s high of 14.64 and day's low of 13.28.

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L&T Construction secured new orders valued over Rs10.09bn in the month of November and till date in December 2012.

DLF arm has signed agreement with Aman Resorts Group

For the first time in 14 years, Nokia will not sit atop the global cellphone business on an annual basis at the end of 2012—with Samsung set to seize the mobile handset market’s top rank.

Globally, most of the Asian markets ended with smart gains. Stock markets in Japan soared higher on Wednesday. The Nikkei index surged over the 10,000-point mark for its highest finish since early April.

The Nikkei index gained 2.4%, the Hang Seng index gained 0.6%, the Straits Times in Singapore ended with positive bias adding 0.2%, the Kospi index rose 0.5% and the Taiwan index added 0.5%.

In Europe, the European markets extended gains on Wednesday, led by the banking stocks, on account of optimism that U.S. policy makers were close to reaching a budget deal.

The IFO German business climate index rose for the second consecutive month in December, coming in at a slightly stronger-than-expected 102.4. The index had ended a six-month string of declines in November, when it rose to 101.4.
The FTSE index in UK was up 0.5%, the DAX index in Germany gained 0.3% and the CAC index in France rose by 0.5%.


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