The recent Sensex news seems to bring much relief to the Indian equities as large-scale buying has been witnessed in areas like TECk, IT, metal and realty stocks, among others. On 26th December 2011, the Sensex was seen trading 207.70 points above or 1.32% at 15,946.40 with 27 components showing signs of resurrection. Meanwhile, the Nifty surpassed in terms of gain as it traded 56.05 points higher or 1.19% at 4,770.05 with 40 components gaining.
The 30-share benchmark index, Bombay Stock Exchange Sensex, gained 43.47 points or 0.28% at 15,782.17 as it opened. On the other hand, the broad-based National Stock Exchange Nifty did not rise much as it went up by just 4.15 points or 0.09% at 4,718.15. Infosys was among the top gainers with a rise of 37.07 points witnessed in the Sensex. The global technology services company was closely followed by Reliance Industries (30.36 points) and Bharti Airtel (20.21 points). Next in line were Tata Consultancy Services, with a gain of 18.75 points and Larsen & Toubro with 12.96 points rise.
On the contrary, Hindalco Industries witnessed a fall of 1.57 points in the Sensex. Oil & Natural Gas Corporation (0.92 points), Maruti Suzuki India Limited (0.2 points), Mahindra & Mahindra (0.22 points), too, found themselves at the receiving end. Bharti Airtel and Hero Honda Motors, with a gain of 3.60% and 3.06% respectively, were among the highest gainers. Tata Steel (2.49%), Infosys Technologies (2.22%), Tata Consultancy Services (2.22%) and Jaiprakash Associates (1.86%) also set high standards.
The BSE mid-cap and small-cap indices overshadowed their close rivals by gaining 0.70% and 0.95% respectively. The TECk index stood at 3,397.46, going up by 70.15 points or 2.11%. The IT index was seen trading at 5,784.96, up by 108.98 points or 1.92%.
Thus, the upward trend that is currently a part of the Sensex, may not prevail for long as the market is vulnerable to a host of unfavourable factors, including fluctuating rupee and weak consumer sentiment.
