Worst over? Sensex rides high on auto, banking and realty stocks

Nov 30 2012, 06:28 IST
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SummaryThe benchmark indices rallied smartly on Thursday, led by sectors like automobiles and banking. Bajaj Auto was the biggest gainer on Thursday, with the scrip rising 5.01%.

market which offers attractive growth opportunity underpinned by favorable demographics, rising income, and preference for premium liquor,” said Gautam Duggad, VP research, FMCG & retail, Motilal Securities.

Experts said that foreign brokerages and institutions continue to bet on Indian markets, with a strong bias towards cyclicals like financials and are largely positive on industrials and energy, consumers and pharmaceuticals based on valuations and earnings growth potential.

Other major gainers in the last three months include real estate developers Unitech (67%) and HDIL (54.6%), Indiabulls Real Estate (50.11%), pharma majors Wockhardt (48.40%) and Aurobindo Pharma (65.42%), Union bank of India (52.4%), Oriental Bank of Commerce (51.62%).

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