Business Standard

Markets continue to gain

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SI Reporter Mumbai

The markets continued to tread in positive territory, with the Sensex up 217 points at 19,738, while the Nifty rose 63 points at 5,926 on the back of a robust GDP growth figure of 8.9%, accompanied with encouraging PMI figures.

All of the BSE indices were trading in the green; the Metal, Realty and Smallcap indices surged nearly 3%.

As the country's farm output increased, and the manufacturing and services sector grew at a healthy pace in November, market sentiments looked positve, buffered by the October exports figure which rose by 21.3% to $18 billion on a YoY basis

The BSE 500 and Midcap indices rose by 1% each, while the Teck index traded flat.

Top gainers on the Sensex were Hindalco Industries and Tata Steel, both up 4%, and M&M up 3%.

Bharti Airtel down 3%, followed by Wipro down 1% and HUL down 0.5% were the losing scrips.

The Metal and Consumer Durables indices were amongst the top performers in the sectoral indices, with Realty at the helm.

 

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First Published: Dec 01 2010 | 11:38 AM IST

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