INSUBCONTINENT EXCLUSIVE:
Industries, ICICI Bank, NTPC, State Bank of India, Bharti Airtel and Power Grid
Meanwhile, other Asian markets inched up Chinese markets rebounded on hopes of more policy support for the slowing economy, but surprisingly
employment data raised doubts about the strength of the global economy and limited gains.Back home, foreign investors have been buying
Foreign portfolio investors have so far this month invested Rs 5,621 crore in equity markets, according to data compiled by National
Securities Depository limited."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.Eighteen of 19 sector gauges
compiled by BSE were trading higher led by the SP BSE Telecom Index's 3.7 per cent gain
Auto, consumer durables, oil gas, energy, power and metal gauges also climbed between 2 and 3 per cent
On the flipside, SP BSE Information Technology Index was the lone loser; the index dropped tracking gains in rupee which appreciated against
the dollar.Hindustan Petroleum was top gainer in the Nifty 50 basket of shares, the stock rose 6 per cent to Rs 264.90
Bharat Petroleum, Bharti Airtel, Power Grid, Indian Oil, Coal India, Bharti Infratel and NTPC were also among the gainers, up between 3.5
On the other hand, Indusind Bank, Tech Mahindra, TCS and HCL Technologies were among the losers.The overall market breadth was positive as
1,706 shares were advancing while 788 were declining on the BSE.
