New Delhi: Market continued their journey upward on back of buying in technology, banking, telecom and auto stocks and the strong recovery in US markets.
At 10:22 hours IST, the Sensex surged by 168 points at 12,865 and the Nifty by 54 points at 3,716. The CNX Midcap was up 18 points at 4,649.
Top gainers in the morning trade were Satyam, SBI, Tata Motors, ACC, Tata Steel, HLL, Wipro and Rel Comm.
New Listings on Bourses
- MindTree Consulting lists at Rs 615 Vs issue price of Rs 425
- Broadcast Initiatives lists at Rs 105 Vs issue price of Rs 120
- Oriental~Trimex lists at Rs 45 Vs issue price of Rs 48
- Evinix Accessories lists at Rs 117 Vs issue price of Rs 120
Asian stocks were mostly back in rally mode today, extending gains for a second straight session. Taiwan's Taiwan Weighted gained 0.35 per cent or 26.06 points at 7,477.12.
Singapore's Straits Times surged 1.64 per cent or 49.72 points at 3,086.24. South Korea's Seoul Composite was up 0.11 per cent or 1.56 points at 1,404.49. Hong Kong's Hang Seng was flat at 19,058.56. However, Japan's Nikkei was down 0.46 per cent or 77.9 points at 16,766.6.
Wall Street rebounded yesterday as investors were encouraged by a recovery on world markets; The Dow rose 157.18 points, or 1.30 per cent, to 12,207.59.
Market cues
- FIIs net sell USD 70.5 million in equity on March 5
- FIIs have net bought USD 140 million in debt in last 2 days
- MFs net buy Rs 192 crore (Rs 1.92 billion) in equity on March 5
- NSE F&O Open Interest up by Rs 719 crore (Rs 7.19 billion) at Rs 51,211 crore (Rs 512.11 billion)
With inputs from moneycontrol.com
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