Business

Sensex Gains More Than 300 Points, Nifty Reclaims 15,000

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Gail, ONGC and Coal India are the leading BSE gainers, increasing 2.6 percent to 5.9 percent eachThe domestic stock markets are trading firm, albeit off the intra-day highs registered previously in the day, amid an unstable session of trade.

At 12:25 pm, the BSE Sensex was trading at 50,603.40, higher by 196.85 points or 0.38 percent and the NSE Nifty was at 15,000.50, up 63.75 points or 0.44 percent.

The more comprehensive markets are out-performing the benchmark indices, with the BSE Midcap index and BSE Smallcap index gaining 0.8 per cent and 1.01 per cent respectively.All the BSE sectoral indices are trading in the green, with the metal, oil and gas, and PSU stocks experiencing buying interest.Meanwhile, Easy Journey Planners' initial public deal (IPO) has opened for bidding.

The IPO will be open for 3 days, till March 10 and the shares will be sold in the cost band of Rs 186-187 per share.Among individual stocks, GAIL, ONGC and Coal India are the leading BSE gainers, increasing 2.6 percent to 5.9 percent each.

NTPC, Axis Bank, Tata Steel and Reliance Industries are the other significant gainers on the BSE Sensex.PSU banking stocks are also in the limelight, with Indian Overseas Bank, Bank Of Maharashtra and Bank of India soaring 7-10 percent each on the BSE on supposedly being short-listed by the government for the function of privatization.On the other hand, Bajaj Auto, Ultra Tech Cement and Titan have actually shed around 1 per cent each on the BSE.The BSE market breadth is strong.

Out of 3125 stocks traded on the BSE, there are 1,813 advancing stocks as versus 1103 decreases.




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