Today's Top Gainers: ICICI, BHEL, BPCL

The index crossed the 19000 level for the first time since July 8, 2011, supported majorly by banks, telecom, capital goods and oil & gas stocks. But the upmove was somewhat arrested by TCS and Infosys, which fell 0.2-0.5 percent as the Indian rupee rose by 17 paise to 51.99 against the US dollar.

Drug producer Cipla and two-wheeler major Hero Motocorp were other losers, falling 1-1.7 percent. The BSE benchmark moved up 175 points to 19,044.42 and the NSE benchmark was up 55 points or 0.96 percent at 5,786.30.

Foreign institutional investors have net bought nearly Rs 42,000 crore worth of shares since June 2012. According to him, the market looks very strong, unless and until it doesn’t go below the 5,650 mark.

Housing finance company HDFC and private sector lender HDFC Bank gained 1.7 percent each. State-owned power equipment maker BHEL topped the buying list with 3 percent gains while engineering conglomerate Larsen & Toubro rose 1 percent.

Index heavyweights Reliance Industries and ITC were up 1 percent. Commercial vehicle maker Tata Motors and telecom operator Bharti Airtel went up 1.6 percent. Oil retailers BPCL, IOC and HPCL rallied 2-4.5 percent on the back of steep fall in crude oil prices yesterday after inventory report.

Brent crude declined 3% to close at USD 108.2 a barrel yesterday. EIA said crude inventory was down by 4,82,000 barrels for the week ended September 28 as against expectations of 1.5 million barrels rise. Via

====================================================================================

You can earn profits too. Contact us for trading Commodity, Equity, Stocks and futures. We are the leading brand in providing accurate trading tips with +90% accuracy, Investment Planning, Money Management and Paid Consultancy. 

Complete Broker Franchise available here. Get registered for free trials for any trade you want. Call us for more details and amazing offers for traders. Join us and become a professional trader.  

Mob: 9872444433
Landline: 0161-4413274, 0161-4621433 

====================================================================================

Posted in: commodity news,market news,trading news