BSE Sensex Up by 201 Points, Nifty Up by 55 Points
Submitted by Gurpreet Singh on Wed, 06/29/2011 - 04:50
Bombay Stock Exchange Sensex is up by 201 points and ended at 18,694 whereas, Nifty ended at 5,600.4, up by 55 points. Sensex has gone up by 943 points in the past four sessions and this time it is up by 201 points, portraying its longest winning mark in three months. The Indian market ended at a good note as smart gains were witnessed.
Earlier, it showed the day high of 18,715 and a day's low of 18,552 and the trading ended at 18,694.
HDFC Bank, Sterlite Inds, ITC, HUL, Ranbaxy, Reliance Infra, Sesa Goa and Sun Pharma are among the main gainers in the Sensex and Nifty. However, JP Associates, DLF, ONGC, Bajaj Auto, BPL are among the major stragglers of Sensex and Nifty.
Finance Minister Pranab Mukherjee said that the economy is expected to grow by 8.5% in 2011-12 and the increase in the petroleum prices will not affect much the financial matters.
Rahul Mohindar from viratechindia. com stated that the rally of Nifty also can move up to 5720. "I would definitely want to work with 5550 as an updated stop - clearly from a short-term trading perspective. But going forward it will continue to be banking and metals that would get biggish moves on the upside", he said.
