Markets come out of the red, end 82 points up (Roundup)June 16th, 2009 - 6:29 pm ICT by IANS
Mumbai, June 16 (IANS) Indian equities markets ended trade on a positive note Tuesday after having come under selling pressure for most of the day, with a key index coming out of the negative terrain to post sizeable gains.
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which had opened lower at 14,788.27 points, was languishing in the red for the better part of the day before staging a comeback post-noon.
The Sensex, which went past the 15,000-mark about 30 minutes before end of trade, dipped a bit towards closing bell to finish at 14,957.91 points, a gain of 82.39 or 0.55 percent from Monday’s close.
It had hit an intra-day low of 14,621.91 points.
Like the Sensex, the S&P CNX Nifty of the National Stock Exchange (NSE) too shut shop in the green, gaining 0.75 percent from its last close to stand at 4,517.8 points.
Broader market indices were also back in the green, with the BSE midcap index ruling 2.21 percent up from its previous close, while the BSE smallcap index was 2.13 percent higher.
Of the 13 sectoral indices on the BSE, only the ones for energy stocks ended in the red, while banking, PSU and power stocks were among the biggest gainers.
The market breadth was positive, with 1,642 stocks advancing, 1,007 declining and 73 remaining unchanged.
Among gainers on the Sensex at this time were Reliance Infra, up 6.14 percent at Rs.1,268.55; SBI, up 4.39 percent at Rs.1,714.10; Jaiprakash Associates, up 4.07 percent at Rs.218.85; and Tata Steel, up 3.88 percent at Rs.450.90.
The biggest loser on the Sensex was TCS, plummeting 49.94 percent to rule at Rs.389.80.
Of the other losers on the Sensex were Sterlite, down 4.42 percent at Rs.634.10; RIL, down 1.78 percent at Rs.2,141.60; and Bharti Airtel, down 1.3 percent at Rs.807.90.
Total trading turnover stood at Rs.96,767.3 crore, which included Rs.21,149.19 crore from the NSE cash segment and Rs.68,737.85 crore from the NSE futures and options segment. The rest was contributed from the BSE cash segment - Rs.6,880.26 crore.
Other Asian markets closed in the red Tuesday, with a key index of the Tokyo stock exchange, Nikkei 225 Stock Average, ending trade at 9,790 points, 249.67 points lower than its previous close.
The Hang Seng, a primary index of the Hong Kong stock exchange, lost more, dipping 333.46 points to 18,165.5 points.
Among European markets, a key British index, the FTSE rose 25.99 points to 4,352, while its French peer gained 15.07 points at 3,234.65 points.
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