Closing Bell: Sensex, Nifty pare early morning gains; DLF, Tata Motors shares rise
Closing Bell: The BSE Sensex closed 223 points up at 39,097 levels wehile the NSE Nifty added 24 pointts after closing at 11,574 levels. Bank Nifty index surged 222 points and closed at 23,637 mark.
Closing Bell: On account of profit booking on the expiry, the Indian indices finally pare its early morning gains. The BSE Sensex closed 223 points up at 39,097 levels wehile the NSE Nifty added 24 pointts after closing at 11,574 levels. Bank Nifty index surged 222 points and closed at 23,637 mark. Real estate, consumer durables, auto, healthcare, banking and finance stocks were among the major gainers in the intraday trade session.
Speaking on the current market trends; Simi Bhaumik, a SEBI registered technical equity analyst said, "Market is overall bullish. The NSE Nifty is trading in the range of 11,530 to 11,650. Since, the market has closed below 11,600, it is more a better buy position that getting panic."
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Realty stocks led the bull run throughout the intraday trade session as the BSE Realty index skyrocketed to the tune of 6.63 per cent. Realty major DLF share price soared 9.47 per cent, Sunteck Realty shares surged 7.21 per cent, shares of Prestige Estates Projects jumped 8.05 per cent, Oberoi Realty stock price escalated 6.94 per cent while Brigade Enterprises stocks rose near 5 per cent.
Auto stocks continue to attract fresh buyers throughout the intraday trade session. Auto major Tata Motors share priceskyrocketed 4.24 per cent, Ashok Leyland shares rose near 2 per cent, Exide Industries share added 2.94 per cent, Maruti Suzuki India Ltd or MSIL share price added 1.57 per cent while Mahindra & Mahindra stocks jumped around 4 per cent.
Among the major Asian indices, the Japanese Nikkei 225 index dipped 0.35 per cent, South Korean Kospi crashed 1.05 per cent, Hong Kong's Hang Seng nosedived 0.83 per cent while the Shanghai index added 0.61 per cent.
At Wall Street on Wednesday, Dow Joens added 0.30 per cent, Nasdaq skyrocketed 1.73 per cent, S&P 500 appreciated 1.02 per cent while SmallCap 2000 went off 0.62 per cent.
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