3:30 pm: Key indices closed with a 0.15 percent gain, with
DLF (up 7.1 percent) and Zee Entertainment (down 4.1 percent) being the biggest
movers among the top 100 stocks.
Apart from realty, which got a shot in the arm following a Delhi government
decision to boost developable area, metal stocks were among the gainers with a
1 percent rise.
IT and pharma shares, however, exhibited weakness with a 0.25 percent fall
on average.
3:00 pm: Indian stocks gave up most gains they had
notched up in afternoon trade to trade marginally higher as they headed into
the last hour of trade.
At the time of writing, both the Sensex and Nifty were up 30 and 9 points
respectively (0.1 percent), receding off earlier highs.
The climb down came as investors chose to sell shares in consumer
non-durables, IT and pharma. While providing strength to the index are property
shares (the BSE Realty index was up 4.1 percent) with leader leader DLF surging
8 percent following a Delhi government decision to increase the city’s floor
area ratio by 200 percent.
While high-beta capital goods, metals, and oil & gas shares rose 0.4
percent to 0.8 percent.
Top gainers on the Sensex are GAIL, Hindalco and Sesa Sterlite, rising 2.2
percent to 2.8 percent while losers are Bharti Airtel and ICICI Bank, down 2.4
percent and 1.3 percent.
The market breadth, however, is holding up with advances (1676) outpacing
declines (1171). More information please visit this site www.bigprofitbuzz.com
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