Sensex pares losses, closes 34 points up (Roundup)
January 16th, 2012 - 7:25 pm ICT by IANS ( Leave a comment )
Mumbai, Jan 16 (IANS) A benchmark index for Indian equities markets Monday pared its losses to close 34 points higher as capital goods and IT stocks moved up.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,086.74 points, closed at 16,189.36 points, 34.74 points or 0.22 percent up from its previous close at 16,154.62 points.
The Sensex had fallen more than 117 points to an intra-day low of 16,037.60 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also closed in the green at 4,873.9 points — up 0.16 percent or 7.9 points from its previous close.
Broader markets moved up from the lows of the day. The BSE 500 index closed on a flat note.
The market breadth was positive with 1,403 stocks advancing, compared to 1,344 on the decline. Another 107 remained unchanged.
According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $70.88 million Monday.
Prominent gainers on the 30-scrip Sensex included BHEL, up 3.67 percent at Rs.276.60; Maruti Suzuki, up 2.89 percent at Rs.1,004.65; L&T;, up 2.56 percent at Rs.1,202.65; and SBI, up 2.22 percent at Rs.1,816.65.
Among losers were RIL, down 2.55 percent at Rs.713.40; NTPC, down 2.35 percent at Rs.162.05; Hindustan Unilever, down 1.56 percent at Rs.386.15; and DLF, down 1.55 percent at Rs.193.55.
Other Asian markets closed in the red on fears that mass sovereign debt rating cuts by Standard & Poor’s would further increase funding difficulties for economies in the euro zone and drag down global growth.
The Japanese Nikkei fell 1.43 percent to close at 8,378.36 points, while Hong Kong’s Hang Seng shed 1 percent to end at 19,012.2 points.
The Chinese Shanghai Composite index closed 1.71 percent lower at 2,206.19 points.
European markets seemed to brush off S&P;’s ratings. Analysts said the move was anticipated for weeks now and hence the muted response.
Britain’s FTSE 100 was ruling 0.25 percent lower at 5,622.61 points, while the German DAX was trading 0.3 percent up at 6,166.13 points.
The French CAC 40 was ruling 0.31 percent lower at 3,186.64 points.
- Sensex slips 164 points to close at a three-month low (Roundup) - May 25, 2011
- Day after rally, Sensex closes flat (Roundup) - Jan 11, 2012
- Sensex continues to trade lacklustre, RIL soars (Lead) - Jan 18, 2012
- Indian equities markets down, Sensex edges lower (Roundup) - Jul 15, 2011
- Sensex rises 149 points on positive European cues - Sep 06, 2011
- Sensex slumps 302 points amid global sell-off - Oct 03, 2011
- Sensex gains for third straight week, up 584 points (Weekly market review) - Jan 21, 2012
- Sensex falls 97 points in choppy trade (Lead) - Dec 27, 2011
- Sensex slumps 389 points on reform concerns - Dec 08, 2011
- Rally looses steam, Sensex closes 108 points lower - Sep 05, 2011
- Sensex closes 66 points lower on lacklustre trading day (Roundup) - Jul 21, 2011
- Sensex rises 202 points on positive global cues - Sep 07, 2011
- Sensex dips 204 points; in red for fifth straight day (Roundup) - Dec 20, 2011
- Sensex closes lower for fifth straight day - Nov 16, 2011
- Sensex closes 286 points higher amid positive global cues (Roundup) - Jul 22, 2011
Tags: asian markets, benchmark index, bombay stock exchange, capital goods, dlf, euro zone, european markets, exchange board, foreign institutional investors, global growth, market breadth, maruti suzuki, national stock exchange, ntpc, sbi, sebi, securities and exchange board of india, sensitive index, shanghai composite index, sovereign debt
