Sensex Up 66.36 Pts At 9,774.86; Ranbaxy, HDFC, DLF, RCom Surge

 Sensex Up 66.36 Pts At 9,774.86; Ranbaxy, HDFC, DLF, RCom Surge The Sensex continued to trade strong on constant buying activity witnessed across frontline stocks.

The top performers of the day were realty, IT, consumer durables and metal stocks, where healthcare remained weak.

Secondline stocks were also in public interest. 

Mirroring strong buying action, BSE Midcap and Smallcap index also gained 1.45% and 2.36% respectively. 

Asian stocks also moved up, led by auto manufacturers and commodity producers, on hearsay that the US will let General Motors Corp and Chrysler LLC fail, and after raw material prices climbed up. 

Japan’s Nikkei gained 242.38 points to trade at 8,351.91, Hang Seng index lost 56.48 points to trade at 13,519.5 and Shanghai Composite zoomed 34.80 points to trade at 2,408.01. 

Today, the 30-share index, BSE Sensex belled the day at 9,745.77 after making a gain of 37.27 points. 

At 01:45 p.m., the 30-share index Sensex gained 66.36 points at 9,774.86. It also hit a high of 9,838.10 and a low of 9,546.29. 

Meanwhile, the broad based Nifty stood at 3,031.90, up 10.95 points, after touching a high of 3,048.90 and a low of 2,965.70.

Sudhanshu Pandey, technical analyst with LKP Shares, said, “The Nifty is in the range of 2700-3150 at this stage. It faces a strong resistance at 3150. If it breaks these levels then it may even touch 3450.”

The top gainers in the 30-share index included Ranbaxy Laboratories (6.52%), Reliance Capital (6.07%), HDFC (6.05%), DLF (3.59%), RCom (3.29%), and Tata Power Company (2.96%). 

On the other hand, the losres list included Sun Pharmaceutical Industries (4.26%), Hindustan Unilever (3.02%), Bharat Heavy Electricals (2.32%), Tata Motors (2.27%), Grasim Industries (2.27%) and NTPC (1.86%).

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