BSE Sensex moving towards 12000; Indian Markets gain smartly
Metal, Energy and Infrastructure Stocks are pushing the Indian Stock markets towards a 12000 mark. The stock markets have gained decently over the past one month. As global markets sent positive signals, traders in India have also picked up momentum. NSE Nifty was trading at 3604 at 11.46 am IST.
Among major gainers on NSE were Unitech (up by 10%), Sterlite Industries (up by 10%), HDFC (up by 9.9%), Siemens (up by 8.2%), Hindalco (up by 8.2%), Tata Steel (up by 7.7%), TCS (up by 7.4%), Wipro (up by 6.8%), M&M (up by 6.8%), Larsen (up by 6.4%).
Major gainers among banking and finance sector were ICICI Bank (up by 5.9%), SBI (up by 5.8%), Reliance Capital (up by 5.6%), HDFC Bank (up by 5.4%), Axis Bank (up by 3.9%) and PNB (up by 3.6%).
Among Midcap stocks, Torrent Power, Aurobindo Pharma, Sintex (was recommended by TopNews few days back), EID Parry were major gainers.
Among losers were ABB, BPCL, Cipla and HUL.
BSE Sensex may touch 12000 in today's session if buying continues in Index majors.