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Monday, 30 March 2015

Sensex soars 400 pts; ONGC, Idea, UltraTech top gainers

Bulls kept complete control over Dalal Street today. The Sensex extended rally, up 401.19 points or 1.46 percent at 27859.83 and the Nifty surged 111.50 points or 1.34 percent to 8452.90.

The broader markets also gained further with the BSE Midcap and Smallcap indices rising 1.6 percent and 2.8 percent, respectively. About 1911 shares have advanced, 723 shares declined, and 133 shares are unchanged on the BSE.

UltraTech Cement, Idea Cellular, ONGC, ITC, Bharti Airtel and Coal Indiatopped the buying list on Sensex, up 3-4 percent.

HDFC gained 2.5 percent after Keki Mistry that with regards to HDFC Life the timing or amount of IPO is not decided yet and Standard Life will want to increase stake in HDFC Life but the quantum is not decided. Separately, they see scope of further 25 to 50 bps rate cuts but don't expect any movement on April 7.

Shares of HDFC Bank, L&T, Axis Bank, ICICI Bank, TCS, SBI, HUL, Wipro, Hero Motocorp and Tata Steel climbed 1-2 percent whereas Reliance Industries, Hindalco Industries and Tata Power remained under pressure. More information please visit this site

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