Nifty touches 3300, Sensex at six-month high
6 Apr 2009, 1202 Hrs

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New Delhi, Apr. 6 With the Nifty hitting the 3300 mark on Monday, equities made an impressive opening. Buying interest has emerged in realty, banking and metal stocks.

The Sensex jumped by 306.06 points to touch the six-month high level at 10,654.89, while National Stock Exchange's Nifty is up 87 points to 3,298.

The Nifty hit 3300 benchmark in the first few minutes of trade but eased some gains and was trading at 3292, up 81.85 points.

Realty stocks are leading the rally today. The realty index on the BSE has jumped more than six per cent on heavy buying in HDIL, Unitech and DLF.

The BSE metal index has also gained 3.8 per cent.

Among the Sensex stocks, DLF leads gainers. The stock has gained 8.3 per cent today. RCom, ICICI Bank and Tata Steel are the other main gainers in the pack. However, ITC and HUL are the only losers in the pack.

The US stock market, lifted by robust results from Research in Motion, surged on Friday, with the Dow has marked its best four-week winning streak since 1933.

Growing conviction that the worst is over for the economy helped Wall Street shrug off dour jobs data showing the highest unemployment rate since 1983.

Asian stocks extended gains for the fourth straight day, led by banks and electronics makers, after encouraging statements by the US Federal Reserve Chairman Ben Bernanke, who said the central bank will do everything it can to stabilize banks.

Hong Kong's Hang Seng has jumped more than 3 per cent while South Korea's Kospi and Japan's Nikkei index have surged more than 1.8 per cent each. Chinese markets are shut for a national holiday. (ANI)

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