The Indian Shares on Friday started on a high note after surging on Thursday. Additionally, European bankers have also helped the shares get a good start by introducing the sub-zero interest rates and other anti-deflation methods.
The sensex started the pre-opening phase at 25,125.87 points and witnessed quite a rise. While it recorded a rise of 38.15 points within minutes, it reached a peak of 25,204.95 points.
BSE started the day with 25,202.38 points at 9.15 am but immediately plunged by 20.35 points under selling pressure. It later saw a gain reaching 25,198.98 points and later attaining the 25,207.80 mark.
Currently the sensex is trading at 25,167.81 points, which is a gain of 148.30 points or 0.59 percent.
The early gainers and losers of the day are:
Symb Last Change Chg %
SINL.BO 328.55 +54.75 +20.00
SHLA.BO 7.32 +1.22 +20.00
SARE.BO 111.30 +18.55 +20.00
CAMF.BO 83.75 +13.95 +19.99
VYPR.BO 46.35 +7.70 +19.92
Symb Last Change Chg %
PFLI.BO 515.00 -128.70 -19.99
OMEG.BO 46.80 -5.20 -10.00
SHGT.BO 31.30 -3.45 -9.93
PIND.BO 11.30 -1.20 -9.60
SMST.BO 0.10 -0.01 -9.09
On Thursday, the BSE sensex closed at 25,019.51, recording a gain of 0.86 percent. Numerous shares have been clocking in gains in the last few days and the growth was additionally boosted by overseas investors, who bought Indian shares worth $32.25 million on Wednesday.
"There are no visible near-term negatives. Investors are building portfolios ahead of the union budget, which would be the next big event. FIIs (foreign institutional investors) continue to support. The undercurrent is still positive," Suresh Parmar, head of institutional equities at KJMC Capital Markets told Reuters.
Meanwhile, metal stocks appear to be on a roll and surged on 5 June too. Tata Steel Ltd. rose 3.6 percent and Hindalco Industries Ltd and Sea Sterlite surged 5.7 percent and 6.5 percent respectively.
Oil marketing companies such as Hindustan Petroleum Corp Ltd. and Bharat Petroleum Corp Ltd also ended the trading day on a positive note banking on hopes of diesel price deregulation.
While Reliance Industries gained 1.2 percent, Oil India Ltd surged 2.02 percent. Oil and Natural Gas Corp. closed with a gain of 1.98 percent.
Other stocks that gained on Thursday are Apollo Tyres Ltd., Ceat Ltd., Infosys Ltd., Wipro Ltd., Cipla Ltd., and HDFC Bank among others.