Sensex rallies over 100 points; Nifty50 reclaims 8,950 level
NEW DELHI: The S&P BSE Sensex rallied over 100 points in morning trade on Friday after exit polls suggest big gains for the BJP in the recently-concluded state elections. The rally in the index was led by gains in HDFC, ICICI Bank, RIL, L&T, and HDFC Bank.
The Nifty50 reclaimed its crucial psychological level of 8,950 supported by gains in realty, power, oil & gas, metal, consumer durable, and capital goods stocks.
At 09:20 am: The 30-share index was trading 133 points higher or 0.47 per cent at 29,064. It touched a high of 29,076.63 and a low of 28,987.88 in morning trade.
The Nifty50 was trading at 8,970 up 45 points or 0.51 per cent. It touched a high of 8,975.70 and a low of 8,953.70 in the first 30 minutes of trade.
The S&P BSE Midcap Index was trading 0.56 per cent higher and BSE S&P Smallcap Index was trading 0.57 per cent up.
Hero MotoCorp (up 1.1 per cent), Adani Ports (up 1.1 per cent), GAIL India (up 0.9 per cent), Tata Steel (up 0.8 per cent), and L&T (up 0.76 per cent) were the major Sensex gainers.
ONGC (down 0.6 per cent), and Power Grid (down 0.13 per cent) were the major Sensex losers.
The Nifty50 reclaimed its crucial psychological level of 8,950 supported by gains in realty, power, oil & gas, metal, consumer durable, and capital goods stocks.
At 09:20 am: The 30-share index was trading 133 points higher or 0.47 per cent at 29,064. It touched a high of 29,076.63 and a low of 28,987.88 in morning trade.
The Nifty50 was trading at 8,970 up 45 points or 0.51 per cent. It touched a high of 8,975.70 and a low of 8,953.70 in the first 30 minutes of trade.
The S&P BSE Midcap Index was trading 0.56 per cent higher and BSE S&P Smallcap Index was trading 0.57 per cent up.
Hero MotoCorp (up 1.1 per cent), Adani Ports (up 1.1 per cent), GAIL India (up 0.9 per cent), Tata Steel (up 0.8 per cent), and L&T (up 0.76 per cent) were the major Sensex gainers.
ONGC (down 0.6 per cent), and Power Grid (down 0.13 per cent) were the major Sensex losers.
