29 Apr 2009, ET Bureau
MUMBAI: Indian markets gained momentum Wednesday with the positive opening of European markets. Traders were seen settling positions on April series expiry day. IT and banking stocks lead the rally while capital goods and healthcare stocks made modest gains.
At 2 pm, National Stock Exchange’s Nifty was at 3439.50, up 77.15 points or 2.29 per cent. The broader index touched a high of 3443.95 and low of 3366.70.
Bombay Stock Exchange’s Sensex was at 11271.58, up 269.83 points or 2.45 per cent. The 30-share index hit an intra-day high of 11282.94 and low of 11091.56.
BSE Midcap Index was up 1.16 per cent and BSE Smallcap Index gained 1.23 per cent.
Amongst sectoral indices, BSE IT Index was up 3.96 per cent, BSE Bankex gained 2.61 per cent, BSE Healthcare Index advanced 1.20 per cent and BSE Capital Goods Index moved 1.13 per cent higher.
Suzlon (7.90%), Hero Honda (6.60%), Reliance Capital (4.93%), HDFC (4.89%) and Infosys Technologies (4.77%) were the top Nifty gainers.
Ambuja Cement (-1.54%), IDEA (-1.11%), Unitech (-0.46%) and Maruti (-0.29%) were the top Nifty losers.
Market breadth was positive on the BSE with 1301 advances and 1003 declines.
European markets opened in the green led by gains in commodities. FTSE 100 was up 0.42 per cent, CAC 40 gained 0.89 per cent and DAX moved 0.73 per cent higher.
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