Late rally helps Sensex move up 147 points (Roundup)
July 19th, 2011 - 6:47 pm ICT by IANS
Mumbai, July 19 (IANS) A benchmark index for Indian equities markets Tuesday rose in a late rally, closing 147 points up, with some large heavyweights seeing healthy buys.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,521.38 points, closed at 18,653.87 points, up 146.83 points or 0.79 percent compared to its previous close at 18,507.04 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended higher at 5,609.7 points, up 0.71 percent.
Both benchmark indices were languishing in the negative for most of the trading day.
Broader markets too notched up some gains. The BSE midcap index closed 0.41 percent up while the BSE smallcap index moved up 0.82 percent.
The market breadth at the BSE was still tilted towards the positive with 1,652 stocks advancing, 1,219 on the decline and 133 remaining unchanged.
Consumer durables, IT and telecom stocks were among the top gainers, while some auto and power scrips ended losers.
Among the gainers on the 30-scrip Sensex were: DLF, up 2.09 percent at Rs.239.85; Sterlite Industries, up 1.77 percent at Rs. 166.50; Tata Power, up 1.62 percent at Rs.1,314.90 and SBI, up 1.59 percent at Rs.2,511.60.
The losers included Tata Motors, down 3.16 percent at Rs.983.95; Hero Honda, down 1.22 percent at Rs.1,795.35; Maruti Suzuki, down 0.79 percent at Rs.1,162.90; and HDFC Bank, down 0.7 percent at Rs.510.80.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors sold stocks worth $11.81 million Tuesday.
The sovereign debt crisis in Europe and some banks in the region failing a stress test kept sentiments low. The stalemate in the US over raising the debt ceiling also worried investors.
The Japanese Nikkei closed Tuesday 0.85 percent lower at 9,889.72 points.
The Hang Seng of the Hong Kong stock exchange ended 0.45 percent up at 21,902.4 points, while the Chinese Shanghai composite index closed 0.7 percent down at 2,796.98 points.
Among European bourses, Britain’s FTSE 100 was ruling 0.5 percent up at 5,781.53 points, and the French CAC 40 was ruling 1.28 percent higher at 3,697.6 points.
The German DAX was up 1.47 percent at 7,212.11 points.
- Sensex slips 136 points, consumer durables, banking stocks lose (Lead) - Mar 28, 2012
- Sensex closes 176 points higher despite dull global cues (Roundup) - Jun 23, 2011
- Sensex pares some losses, closes 148 points down - Oct 20, 2011
- Sensex rises 154 points; auto, tech stocks climb - Oct 24, 2011
- Sensex down 35.68 points, oil and gas stocks fall - May 25, 2012
- Sensex slips after touching 18,000 points - Mar 14, 2012
- FIIs' buying helps push Indian equities higher (Roundup) - Jun 01, 2011
- Sensex ends 133 points higher on hopes of rate cuts - Apr 12, 2012
- Sensex climbs 152 points on firm global cues (Roundup) - Jun 30, 2011
- Sensex climbs 230 points; technology, realty stocks rise (Lead) - Dec 26, 2011
- Sensex gives up gains, traders book profits - Oct 11, 2011
- Sensex falls 126 points; auto, realty stocks slump - May 03, 2012
- Sensex slips below 18,000 points - Feb 24, 2012
- Sensex gains further, banking, realty gains (Lead) - Jan 31, 2012
- Sensex up 11 points in noon trade - May 09, 2012
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