We Report, You Decide

Sensex up over 131 points

Mumbai: Led by rally in IT majors Infosys and TCS amid refinery giants RIL and ONGC as also firm trend in other Asian peers, the benchmark sensex continued its upward sprint for the third straight trading session in a row to settle up by over 131 points at one-week high of 17,318.81.

However, some weakness in European stocks failed to stem the rise in local markets. Country`s biggest software exporter, TCS, was up by 3.49 pc and the second one Infosys gained 2.75 per cent, together adding more-than 65 points to the sensex gains. From refinery segments, major heavyweight and petro-chem giant, RIL as also ONGC were also contributed remarkably to the sensex surge.

ICICI Bank, Tata Motors, Jindal Steel, Hero MotoCorp and Bajaj Auto too attracted good buying support. Overall 11 out of 13 sectoral indices closed with gains up to 2.37 per cent while BSE-CD and BSE-FMCG finished with minor losses. 21 out of 30 sensex-based scrips ended in the green and others finished with losses. The Bombay Stock Exchange 30-share barometer traded in positive terrain throughout the day and ended at 17,318.81, showing a rise of 131.47 points or 0.76 per cent.

The NSE 50-issue Nifty also improved further by 39.15 points or 0.75 per cent to 5,248.15. Foreign institutional investors (FIIs) bought shares worth Rs 6.17 crore during special trading session on Saturday, as per provisional data from the stock exchanges. FIIs had sold shares worth Rs 2,361.40 crore in five days bwetween April 23 and April 27. Asian markets closed mixed with upward bias on higher closing on Wall Street last Friday on some strong earnings.

Key indices from Hong Kong, Taiwan and South Korea ended up between 0.28 pct and 1.70 pct while from Singapore finished slightly lower by 0.10 pct. China and Japan markets were closed today for local holidays. From Europe, the France (CAC) index was down by 0.86 pct and the Britain (FTSE) by 0.04 pct while from Germany (DAX), it was up by 0.08 pct.

Other gainers from the sensex pack were Jindal Steel (3.41 pct), DLF (2.61 pct), Hero Motocorp (2.35 pct), ONGC (2.22 pct), Tata Power (1.83 pct), Bajaj Auto (1.81 pct), Icici Bank (1.44 pct), Tata Motors (1.18 pct), Bharti Airtel (0.89 pct) and Reliance Ind (0.72 pct). However, Maruti Suzuki fell by 1.95 pct followed by BHEL 1.94 pct and Mah & Mah (0.64 pct). Among the sectoral Indices the BSE-IT shot up by 2.37 pct followed by the BSE-Teck 1.93 pct, the BSE-Oil&Gas 1.05 pct, the BSE-Realty 1.04 pct and the BSE-Metal 0.89 pct.

The overall market breadth turned positive as 1,173 stocks finished with gains while 1,091 stocks ended with losses. The total turnover was Rs 1,678.89 crore as against the last Saturday`s closing level of Rs 282.22 crores. Note: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed tomorrow, May 1, 2012, on account of "Maharashtra Day" holiday.

You might also like

Comments are closed.