Sensex Rises, Market Shows Positive Trend
The Sensex was high by 0.72% or 133.97 points at 18641.01 and the Nifty was high by 0.99% or 54.95 points at 5622.
Ambit Capital Head of Equities Saurabh Mukherjea said that he sense that Sensex with 18,000 points can be quite supportive to Indian market and suggested exposure to FMCG and pharma stocks.
“I would avoid exposure to rate sensitive at this point”, he said. He said that the rates should be increased by 100 basis points in order to control inflation.
Sensex top gainers were Sterlite Ind and NTPC, each high by 1.77 % at Rs 166.50 and Rs 189.35 respectively. TCS was up by 1.67% at Rs 1,144.20 and Bajaj Auto was up by 1.38% at Rs 1,436.15. Infosys was up by 1.05% at Rs 2,742.50 whereas its previous close was at Rs 2,714.05. ITC, Cigarette Company, traded at up by 0.87% at Rs 203.00.
Around 1587 shares had gained, 1148 shares were down and 931 shares remain unaffected.
Among the losers, Tata Motors was low by 2.86% at Rs 987. Maruti Suzuki was low by 0.65% at Rs 1,164.50, Hero Honda low by 0.64% at Rs 1,806, HDFC Bank low by 0.52% at Rs 511.70 and HUL low by 0.29% at Rs 331.45.
The top gainers of sensex were NTPC, up by 2% and Sterlite, TCS, Bajaj Auto, Infosys, L&T, SBI and Bharti Airtel, all were up by 1% each.
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