Sensex up over 200 points, Nifty above 8400, Jain irrigation surges over 6%, ABG Shipyard 5%

NEW DELHI: The S&P BSE Sensex surged over 200points in trade today.

The 50-share Nifty index rose smartly in trade and managed to reclaim its next crucial psychological level of 8400.

McNally Bharat BSE 19.97 % surged 18%, ABG Shipyard BSE 3.67 % gained 5% and Tata Chemicals BSE 3.98 % was up 4% in intraday trade. Jain Irrigation surged over 6 per cent in intraday trade.

Markets @ 9:50

Sensex: 27,917 up 137 points; Nifty: 8,410, up 41 points

Top Gainers

LUPIN BSE 1.12 % LTD (1.5%), TATA MOTORS (1.1%), HINDALCO (1.0%), L&T (1.0%), CIPLA (1.0%)

Top Losers

NTPC BSE -0.15 % (-0.5%), ITCBSE -0.13 % LTD (-0.5%), M&M (-0.4%), GAIL (-0.3%), HERO MOTOCORP (-0.2%)

BUZZING STOCKS

Purvankara Projects rallies nearly 11 per cent in intraday trade as the company plans to sell 18-acre land at Kanakapura Road.

ABG Shipyard spiked over 4 per cent in intraday trade.

McNally Bharat rallied nearly 20 per cent in intraday trade.

Tata Chemicals surged over 5 per cent in intraday trade.

Arvind Ltd gained over nearly 3 per cent in intraday trade.

WHAT TOP EXPERTS SAY

Divergence in performance of IT stocks may widen further; prefer Infosys: Nitin Jain, CEO, Global Asset & Wealth Management, Edelweiss FinancialBSE 1.90 %.

8,420 on Nifty a crucial resistance level: Mitesh Thacker, Technical Analyst, miteshthacker.com.

Market expects Greek issue to get resolved: Ashwani Gujral..

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Top Gainers

Top Gainers

Markets @ 9:50Markets @ 9:50

Markets @ 9:50

McNally BharatBSE 19.97 % surged 18%, ABG ShipyardBSE 3.67 % gained 5% and Tata ChemicalsBSE 3.98 % was up 4% in intraday trade. Jain Irrigation surged over 6 per cent in intraday trade.

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