Sensex extends rally to five days (Roundup)
June 30th, 2011 - 12:56 am ICT by IANS
Mumbai, June 29 (IANS) A benchmark index for Indian equities markets Wednesday closed 201 points higher in its fifth consecutive rise. Broader markets too registered significant gains amid healthy buying from foreign funds.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,552.19 points, closed at 18,693.86 points — up 201.41 points or 1.09 percent from its previous close at 18,492.45 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended higher at 5,600.45 points, up 1.09 percent.
Broader markets too closed in the green with the BSE midcap index closing 0.78 percent higher and the BSE smallcap index up 0.95 percent.
The market breadth was positive, with 1,795 stocks advancing, 1,056 on the decline and 129 remaining unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $225.54 million Wednesday.
Among gainers on the 30-scrip Sensex were: Sterlite, up 3.45 percent at Rs.168.15; ITC, up 2.79 percent at Rs.199.25; Hindustan Unilever, up 2.72 percent at Rs.332.20 and HDFC Bank, up 2.65 percent at Rs.2,486.90.
Prominent among the losers were ONGC, down 2.13 percent at Rs.278.45; Bajaj Auto, down 1.32 percent at Rs.1,402; Jaiprakash Associates, down 1.2 percent at Rs.77.90 and DLF, down 0.31 percent at Rs.209.50.
Asian markets were mixed amid fears that Greece could default on its sovereign debts in spite of several of its major French lenders agreeing to roll over the debts so that the country would not have to face immediate payment calls.
The Nikkei of the Japanese stock exchange closed 1.54 percent higher at 9,797.26 points, while the Hang Seng of the Hong Kong stock exchange closed at 22,061.18 points, almost unchanged from its previous close.
The Chinese Shanghai composite index ended 1.11 percent lower at 2,728.48 points.
European stocks were, however, on the rise ahead of the vote in Greece’s parliament on the austerity measures, hoping that such a motion would get passed paving the way for infusion of funds from the International Monetary Funds and other lenders.
Around midday, Britain’s FTSE was up 0.41 percent at 5,697.72 points and the French CAC 40 was trading flat at 3,784.8 points.
The German DAX was ruling 0.39 percent down at 7,121.38 points.
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