INSUBCONTINENT EXCLUSIVE:
Indian equity benchmarks moved sharply higher pace by gains in ONGC, Reliance Industries, Coal India, State Bank of India and Hero MotoCorp
The SP BSE Sensex rose as much as 259 points or 0.70 per cent to 36,930.51 and the NSE Nifty 50 Index crossed over its psychologically
important level of 11,100, the index rose as much as 0.75 per cent or 83 points to 11,117.95
In Friday's trading session, the Sensex and Nifty snapped their four-day winning streak to end lower.All the 19 sector gauges compiled by
BSE were trading higher led by the SP BSE Telecom Index's 1.5 per cent gain
SP BSE Energy, Auto, Consumer Durables, METAL and Oil gas Indexes also rose over 1 per cent each.The gains were broad-based as the SP BSE
MidCap and SP BSE SmallCap Indices climbed over 0.7 per cent each."Global funds are flowing towards India and that's why Indian markets
are rising and they will continue to do so in the near term," AK Prabhakar, head of research at IDBI Capital told TheIndianSubcontinent over
phone.Eicher Motors was top gainer in the Nifty 50 basket of shares, the stock rose 2.38 per cent to Rs 22,391.ONGC, Indian Oil, Indiabulls
Housing Finance, Bharti Infratel, Totan and Hero MotoCorp were also among the gainers
On the flipside, Tech Mahindra, Cipla, Kotak Mahindra Bank and ITC were among the notable losers in Nifty 50 basket of shares.Among the
individual shares, Jet Airways rose as much as 4.83 per cent to Rs 255 after The Mint reported that the company has secured fresh credit
facilities of Rs 2,050 crore from Punjab National Bank.Dilip Buildcon rose as much as 7.12 per cent to Rs 600.90 after it was declared as
the lowest bidder by National Highways Authority of India for an EPC project in Maharashtra.
