A maturing market amid the mayhem
Sensex extends rise above 14,500
The top Sensex gainers included ACC, DLF and JP Associates, all gaining over 8 percent each.
Oil firms were in focus today, with the government indicating that it was likely to allow market pricing of fuels. HPCL shares surged 8.3 percent, IOC gained nearly 7 percent and BPCL ended 3.75 percent up.
Some oil marketing companies also announced their results. BPCL’s Jan-March net profit stood at 36.28 billion rupees, and IOC’s profit was 66.2 billion rupees.
Sector-wise, realty led the pack as its index gained 6.7 percent. Ansal Properties and Indiabulls Real Estate gained over 9 percent each. DLF was up 8.4 percent.
With the market displaying an uptrend, do you think touching 15,000 is a possibility next week?