Monday 13 April 2015

Nifty Hovers Around 8800; HUL, Coal India, Bharti Gain 1-2%

Posted by suhani varma on Monday, April 13, 2015 with No comments

The market remained firm amid consolidation in afternoon trade with the Nifty hovering around 8800 level. The Sensex rose 94.47 points to 28973.85 and the Nifty climbed 29.20 points to 8809.55. About 1634 shares have advanced, 1078 shares declined, and 189 shares are unchanged on the BSE. Overall sentiment remained positive as markets across the region gained as weak Chinese trade data intensified expectations for more economic stimulus measures from Beijing. According to analysts, corporate earnings will be the next medium-term trigger for the markets, analysts said. Bharti Airtel, BHEL, L&T, Coal India and HUL are top gainers in the Sensex. Among the losers are GAIL, M&M, Hindalco, Sesa Sterlite and Tata Motors. Meanwhile, the total market capitalisation of nine of the top-10 Sensex firms advanced by Rs 1,02,729 crore last week, with RIL and TCS stealing the show with maximum rise in valuation. In the ranking of top-10 firms, TCS continued to retain its numero-uno position followed by RIL, ITC, ONGC, HDFC Bank, Infosys, CIL, Sun Pharma, SBI and HDFC.

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