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Friday 9 May 2014

Sensex , Nifty New Height ; Bank Nifty Records | Free Equity Tips

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Today market grows very fast in expectation of NDA's victory in parliamentary elections . Nifty , Sensex , and Bank Nifty closed at a record high . The Nifty closed above 6800 for the first time .

Sensex surged 650 points to 22,994 and Nifty gained 199 points to close at 6859. Midcap and Smallcap stocks rose 1.5 to 0.75 percent .

The bank moved about 5.5 percent . Realty , power , oil & gas , metal, auto shares rose nearly 4.5 to 2.5 per cent . IT , tech , FMCG stocks rose nearly 1 per cent. Healthcare shares fell 0.5 per cent . Consumer durables stocks were sluggish .

Reliance Industries closed at the highest level in 41 months .

ICICI Bank closed at its highest level since January 2008 .

In Bank stocks ,  Yes Bank shares rose nearly 9.5 per cent . ICICI Bank , Axis Bank , HDFC Bank , Kotak Mahindra Bank , PNB , SBI , Bank of India , IndusInd Bank rose from 7.2 to 4.2 per cent .

IDFC , Ambuja Cements , Tata Power , ACC , Hindalco , BHEL , BPCL , Coal India , UltraTech Cement , ONGC , Hero Honda Motors , M & M , Maruti Suzuki, Reliance Industries surged 9-4 per cent .

Giants stocks like Lupin and Dr Reddy's fell 1.5 and 1 percent. NMDC also closed in the red .

In Asian market, the Nikkei , Kospi , Straits Times , Hang Seng rose.Taiwan index and Shanghai Composite fell .

Stock market's growth gives an impact on rupee. Rupee against the U.S. dollar again scaled down to 60 .

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