Nifty climbs past 5000 as Europe opens firm

MUMBAI: Equities recovered intraday losses following positive opening of the European markets. However, the second rung stocks lagged behind in the
recovery.

At 2:05 pm, National Stock Exchange’s Nifty was at 5037.20, up 48.20 points or 0.97 per cent. The broader index hit a high of 5037.60 and low of 4932.80.

Bombay Stock Exchange’s Sensex was at 16895.36, up 109.71 points or 0.65 per cent. The index touched a high of 16923.80 and low of 16635.75.

BSE Midcap Index was up 0.34 per cent and BSE Smallcap Index moved 0.02 per cent up.

Amongst the sectoral indices, BSE Oil&gas Index was up 1.13 per cent, BSE IT Index moved 0.80 per cent higher and BSE Healthcare Index gained 0.59 per cent.

ACC (2.87%), SAIL (2.59%), Hindalco (2.57%), HDFC (2.31%) and DLF (2.16%) were amongst the Nifty gainers.

Reliance Capital (-2.62%), Suzlon Energy (-1.86%), Reliance Power (-1.79%), Bharti Airtel (-1.60%) and Reliance Infrastructure (-1.17%) led the resistance.

Market breadth was positive on the BSE with 1308 advances and 1293 declines.

European markets were in the positive terrain led by gains in commodities. FTSE 100 was up 0.50 per cent, DAX moved 0.60 per cent higher and CAC 40 gained 0.56 per cent.