The Intraday
market continues to rally with support from metals, auto and FMCG stocks. The
Sensex is up 196.09 points or 0.7 percent at 28855.26, and the Nifty up 50.55
points or 0.6 percent at 8750.50. About 1555 shares have advanced, 1062 shares
declined, and 182 shares are unchanged.
Jindal Stainless is up 17 percent after India’s trade ministry has recommended anti-dumping duty on hot rolled flat products of stainless steel imports. Other steel companies are also on the rise on hopes that the anti-dumping duty may be extended to steel imports as well. NTPC, Hindalco, Tata Motors, ITC and Tata Steel are top gainers in the Sensex. Among the losers are HUL, Bajaj Auto, Dr Reddy's Labs, Cipla and Wipro.
It is a strong day of trade on Dalal Street. The Nifty and the Sensex bounced back led by gains in select FMCG and energy stocks. The broader markets outperformed benchmarks, up 1 percent with the advance decline ratio at a healthy 3:1. The Sensex jumped 172.88 points to 28832.05 and the Nifty rallied 49.25 points to 8749.20. NTPC rallied nearly 4 percent as the company announced the ex-date of bonus debentures as March 23.
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Jindal Stainless is up 17 percent after India’s trade ministry has recommended anti-dumping duty on hot rolled flat products of stainless steel imports. Other steel companies are also on the rise on hopes that the anti-dumping duty may be extended to steel imports as well. NTPC, Hindalco, Tata Motors, ITC and Tata Steel are top gainers in the Sensex. Among the losers are HUL, Bajaj Auto, Dr Reddy's Labs, Cipla and Wipro.
It is a strong day of trade on Dalal Street. The Nifty and the Sensex bounced back led by gains in select FMCG and energy stocks. The broader markets outperformed benchmarks, up 1 percent with the advance decline ratio at a healthy 3:1. The Sensex jumped 172.88 points to 28832.05 and the Nifty rallied 49.25 points to 8749.20. NTPC rallied nearly 4 percent as the company announced the ex-date of bonus debentures as March 23.
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