Closing Update- Sensex up 470 pts, Nifty ends above 10,100

Key equity indices closed sharply higher as the Sensex was up 469.87 pts or at 33,066.41 and the Nifty gained 132.65 points at 10,130.70. Banking, , metal and mining stocks rose. Index heavyweights such as HDFC Bank, HDFC and Reliance Industries advanced. 

Nifty Bank index jumped 600 points while the Nifty Midcap index was rose 250 points. Banks stocks rallied, which include Canara Bank (+10.54%), Union Bank of India (+5.07%), Bank of India (+4.87%), Syndicate Bank (+3.45%) and Andhra Bank (+3.69%) on NSE. 

The other stocks which also rose include Adani Enterprises, JP Associates, Titan Company, Avenue Supermarts, Dish TV, Future Lifestyle, Den Networks, Hathway Cable, NIIT Limited, Bata India and Mirza International, rising up to 13%. 

Shares of Hindustan Construction Company, Indiabulls Real Estate, PC Jeweller and NLC India Limited were down 2 to 6%, while shares of Infosys and Wipro fell up to 3.5%. 

NSE Top Five Gainers: Yes Bank, State Bank of India, Zee Entertainment Enterprises Ltd, Baja Finance and Tata Steel . In contrast, top five losers were Wipro, Gail India, Hindustan petroleum Corp, Infosys and Bosch Limited.

Posted in: Indian Market Tips