Sensex closes 250 points higher, investors wary of corrections (Roundup)

August 18th, 2009 - 7:24 pm ICT by IANS  

Sensex Mumbai, Aug 18 (IANS) A key index of Indian equities markets Tuesday ended trade 250 points in the green, a day after it lost 627 points owing to a selling spree which was prevalent across global markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower at 14,745.8 points, ended at 15,035.26 points, up 250.34 points or 1.69 percent.

The Nifty of the National Stock Exchange (NSE) also closed in the green, gaining 1.62 percent from its previous closing figure to end at 4,458.9 points.

Investors, however, remained wary of more corrections likely to happen in next few days.

The NSE’s Volatility Index - a measure of the market’s expectation of volatility over the short term - stood at 45.04 points Tuesday, higher than the 35-point mark that indicates risk.

Broader market indices closed in the positive terrain, with the BSE midcap index ending 2.06 percent up, while the the BSE smallcap index closed 2.09 percent higher.

The market breadth was positive, with 1,741 stocks advancing, 896 declining and 78 remaining unchanged.

Of the 30 stocks on the Sensex, 26 ended on the gainer’s list. Prominent among them were: Hindalco, up 6.08 percent at Rs.106.35; Jaiprakash Associates, up 4.73 percent at Rs.212.35; L&T, up 4.66 percent at Rs.1,477.75 and Hindustan Unilever, up 3.45 percent at Rs.258.05.

The four losers were: Infosys, down 0.59 percent at Rs.1,971.40; Grasim Industries, down 0.35 percent at Rs.2,573.30; TCS, down 0.19 percent at Rs.509.75, and Sun Pharma, down 0.19 percent at Rs.1,179.30.

The total traded turnover was higher at Rs.94,599.56 crore as against Rs.91,347.93 crore Monday, of which Rs.15,775.98 crore was contributed from the NSE cash segment.

Of the balance, Rs.73,655.74 crore came from the NSE futures and options segment and Rs.5,167.84 crore came from BSE cash segment.

In other Asian markets, the Nikkei, a key index of the Tokyo Stock Exchange, ended a marginal 16.35 points up at 10,284.96 points, 0.16 percent higher than its previous close.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, was ruling in the green at 20,306.27 points, up 168.62 points or 0.84 percent.

European shares, which opened strong, were ruling in the green. In Britain, the FTSE 100 index was 0.76 percent higher at 4,680.34 points. Its French peer, the CAC 40, was up 0.6 percent at 3,440.32 points.

Germany’s DAX rose 0.6 percent to 5,232.78 points.

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