Indian Markets surge in afternoon deals - LuvKush Finserve

Markets surged in afternoon deals - rebounding from the day's low after the Congress-led UPA government raised the growth projection for fiscal year 2013-14 while simultaneously lowering the Inflation target for Asia's third-biggest economy. The BSE benchmark index ended (provisional) at 19,152 - up 137 points. Nifty has ended up 36 points at 5,797.

BSE capital goods index added 2.4% at 9,506. Realty index was up 2% at 2,067. Oil & gas, power and metal indices were up over 1% each. However, the appreciating rupee dragged the IT index down 1% at 6,723.

Bharti Airtel was the top Sensex gainer, up by over 3.2% at Rs 322. L&T, M&M and Bajaj Auto added 2-3% each. Reliance was up 1% at Rs 831. ICICI Bank and SBI were up as well.

On the other hand, GAIL has slipped 1.7% at Rs 334. Infosys was down 1.5% at Rs 2914. Among other IT shares, TCS slipped 0.7% while Wipro was up 0.7%, respectively. Among other shares, Suzlon Energy rallied almost 14% at Rs 24.25, after it said that it wins 103-megawatt (MW) order from ONGC. ONGC on the other hand, was up 3% at Rs 315.

Source : Equity Bulls

Keywords