The Nifty maintained its uptrend for the fifth consecutive session and closed above the 5,000 mark for the first time since May 22, 2008 i. e. at 16-month high. Buying in financial, technology, power, pharma, auto and oil marketing companies' shares helped the markets to stay on the higher side throughout the session. However, selling in oil & gas exploration and select metal stocks limited the gains. Bharti Airtel was down 3%.
Asian stocks rose for the first time in three days after Citigroup Inc. raised Samsung Electronics Co.'s price estimate and Morgan Stanley lifted its rating on companies that make automobile batteries. The dollar weakened for the first time in three days against the euro on speculation Group? of? 20 leaders this week will call for gains in other currencies to help reduce global trade imbalances.
The markets ended the week with marginal gains but managed to stay above the 16,700/4,950 levels. Buying was seen in realty, auto, telecom, oil marketing, cement and oil & gas shares. The BSE Sensex closed at 16,741 up 30 points after trading in the range of 16,765 - 16,610 and the Nifty gained 10 points at 4,976. Among the broader indices - the BSE Midcap Index was up 0.45% and Smallcap Index up 0.77%. The market breadth was mixed and the Sept nifty future ended with 6 point premium.
The Nifty closed flat after hitting the landmark of 5,000. Selling was seen in oil & gas, realty and metal stocks, while buying was seen in IT, auto, banks and capital goods. The Sensex was up 34 points at 16711 after trading in the range of 16820-16636 and the Nifty shut at 4,965 up 7 points after hitting an intraday high of 5,002. The market breadth was weak and the Nifty Sept future ended into 4 point discount after remaining 10 point premium throughout the day.
Nifty has closed highest above 4,900 since May 28, 2008. Positive global cues also remained supportive for the benchmark indices. The BSE Sensex has touched an intraday high of 16,700, before closing at 16,677 up 222 points. The Nifty index rose 1.36% or 66 points to settle at 4,958 after hitting an intraday high of 4,966. Among the broader indices - the BSE Midcap Index was up 1.45% and Smallcap Index up 1.1%. Huge Institutional buying was witnessed in banking, metals and auto stocks which gave a strong pushback for the market. All sectoral indices ended higher.
U. S. stocks climbed, extending a global advance that sent the MSCI World Index to the highest level in almost a year. Commodities gained amid speculation the economy has returned to growth. Crude oil topped $72 a barrel, and natural gas soared 13 percent. Gold rose to a record close as the dollar slid to its weakest against the euro in almost a year. The dollar slid 0.5 percent to $1.4729 per euro from $1.4658 yesterday. It reached $1.4737, the weakest level since Sept. 25, 2008.
It was a very strong session for the markets as they ended at a new 2009 high. Positive global cues and higher advance tax numbers lifted investor sentiments. Realty, metal, auto and banking stocks led today's rally. The Sensex closed at 16,454 up 240 points after hitting a new high of 16,477 and the Nifty was up 83 points at 4,892 after making a new high of 4,899. The broader indices also participated in the rally ? the BSE Midcap Index was up 1.83% and Smallcap up 1.33%.
London, September 16 : British Singer Rachel Stevens has been named this year’s winner of the Rear Of The Year award.
The ‘Strictly Come Dancing’ star was voted as the favourite for the cheeky title, while tenor Russell Watson topped the men’s category.
"I''m very flattered and I''m now going to insure each cheek for a considerable sum of money," the Daily Star quoted her as saying.
The benchmark index continued to remain firm and ended with modest gain for the sixth straight sessions. The Sensex advanced 47 points to finish at 16,264 after trading in narrow range of 16,337 and 16,130. The Nifty added 10 points to end at 4,829. Buying was witnessed in banking, IT and healthcare stocks. The market breadth was negative for the second trading sessions and the total traded turnover was lower at Rs 84,413 cr. as against Rs 1,01,849 cr. The Sept Nifty future ended with 18 points premium at 4847.
Asian stocks fell, dragging the MSCI Asia Pacific Index from a one‐year high, as the dollar weakened and New Zealand retail sales unexpectedly fell.