Tuesday, 5 March 2013

EQUITY STOCK Markets extend early gains; Sensex crosses 19,000 level

Following a firm opening, Indian equity markets extended early gains amid sustained buying across the counters. The Sensex was up by 153.92 points, crossing 19,000 level, while Nifty appears to stay in the 5,650-5,800 range. In currency market, rupee appreciated against greenback on Tuesday on the back of dollar selling by custodian banks and exporters. On sectoral front, all stocks were trading in green. Information technology, realty, automobile and oil stocks were among the prominent gainers. Meanwhile, Tata Motors strengthened its gains after the company increased prices of its sports utility vehicle range following the excise duty hike in the Budget. On global front, Asian markets recovered after a sharp fall amid slumping of Chinese stocks the previous session, as a globally accommodative monetary stance helped relieve concerns and revived risk appetite. Back home, the market breadth favoring positive trend; there were 1,333 shares on the gaining side against 1,024 shares on the losing side while 105 shares remain unchanged.

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