Sensex rises 111 points, auto and banking stocks up

July 10th, 2012 - 2:29 pm ICT by IANS  

Sensex Mumbai, July 10 (IANS) A benchmark index of Indian equities markets was Tuesday trading 111 points higher in afternoon trade with good buying in automobile, consumer durable and banking stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which lost over 140 points in the last two sessions, opened at 17,431.68 points and was trading at 17,503 points, up 0.64 percent or 111.02 points from its previous close at 17,391.98 points.

BSE mid-cap was up 49.48 points and small cap was higher by 48.94 points.

The wider 50-scrip S&P; CNX Nifty of the National Stock Exchange also was trading 0.63 percent higher at 5,308.20 points.

The BSE automobile index was up 121.27 points, while the consumer durable index and the banking index were 72.63 points and 132.40 points up respectively.

Major Sensex gainers were Tata Motors, up 2.69 points at Rs.246.65; Cipla, up 1.52 percent at Rs.327.25; ICICI Bank, up 1.42 percent at Rs.943; Maruti Suzuki, up 1.35 percent at Rs.1,205 and Larsen and Toubro, up 1.26 percent at Rs.1,406.45.

The main losers were Tata Power, down 0.64 percent at Rs.100.75; NTPC, down 0.53 percent at Rs.158.95; TCS, down 0.40 percent at Rs.1,253.05; Hindustan Unilever, down 0.37 percent at Rs.442 and Wipro, 0.23 percent down at Rs.385.

On the Asian front, Japan’s Nikkei was down 0.44 percent, while Hong Kong’s Hang Seng was up 0.12 percent. China’s Shanghai Composite index fell 0.29 percent.

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