Markets start week on bullish note, Sensex up 163 points (Roundup)

April 13th, 2009 - 7:13 pm ICT by IANS  

Sensex Mumbai, April 13 (IANS) Continuing from where they left last week, Indian equities markets witnessed another bull rally Monday, with a key index adding 163 more points in the green.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 10,916.43 points higher than its Thursday close, rose 163.36 points or 1.51 percent to close at 10,967.22 points.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 1.21 percent from Thursday’s close to end trade at 3,382.6 points.

The BSE midcap index gained 3.17 percent, while the BSE smallcap index was up 3.92 percent.

“Investors carried on last week’s optimism, but the general feeling in the trader community is that these levels are not sustainable under the current circumstances,” said Jagannadham Thunuguntla, equity head at stock brokerage SMC Capitals in New Delhi.

Of the 13 sectoral indices on the exchange, the indices for metal, banking and realty stocks gained the most. Consumer durables and IT stocks, however, saw some selling.

The Sensex touched an intra-day high of 11,069.54 points and a low of 10,800.84 points.

Among gainers on the 30-scrip composite Sensex were Tata Motors, up 12.01 percent at Rs.252.20; Tata Steel, up 8.31 percent at Rs.282.90; Sterlite, up 7.39 percent at Rs.425.10, and SBI, up 6.8 percent at Rs.1,217.90.

Losers included TCS, down 1.91 percent at Rs.591.70; Wipro, down 1.9 percent at Rs.269; Grasim, down 1.59 percent at Rs.1,567.80, and Hindustan Unilever, down 1.33 percent at Rs.229.85.

The overall market sentiment was positive, with 2,064 stocks advancing, 514 scrips declining and 64 remaining unchanged.

In other Asian markets, Tokyo stocks ended in the red with Japan’s benchmark Nikkei 225 Stock Average closing at 8,924.43 points, 39.68 points lower than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, ended trade 3.04 percent below its last closing figure at 14,474.86 points.

European markets, which came online before Indian bourses ended trade, climbed into the green with the FTSE in Britain trading 1.48 percent higher than its previous close. Its French peer CAC 40 was also ruling in the positive terrain, 1.82 percent higher than its previous close.

Data with the market watchdog, Securities and Exchange Board of India (SEBI), showed that foreign funds that bought $22.50 million worth of shares were net investors in equities Monday.

Markets will remain closed Tuesday on account of Ambedkar Jayanti.

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