Monday, 29 December 2014

Sensex, Nifty strong; midcaps, smallcaps gain too

Equity benchmarks continued to see buying interest with the Sensex rising 183.65 points to 27425.43 and the Nifty climbing 55.40 points to 8256.10.

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gaining 0.8 percent. More than three shares advanced for every share declining on the Bombay Stock Exchange.

Sesa Sterlite topped the buying list, up 3 percent followed by Tata Motors, ONGC, Bharti Airtel, Hindalco Industries and GAIL with 1-2 percent gains. Tata Steel rose 1.4 percent after the steel maker started mining operations in 4 Odisha mines on December 15.

Engineering and construction major L&T advanced nearly a percent after its subsidiary L&T Hydrocarbon Engineering received order worth Rs 894 crore from ONGC.

In the broader space, RPP Infra gained more than 3 percent on bagging Rs 48 crore order from TN Water Supply & Drainage Board. More information please visit this site

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