Sensex up 122 points in noon trade

February 17th, 2011 - 2:11 pm ICT by IANS  

Sensex Mumbai, Feb 17 (IANS) A benchmark index for Indian equities markets Thursday was ruling 100 points higher a little after noon, having crept up after a weak morning session.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,345.12 points, rose to 18,423.04 points, up 122.14 points or 0.67 percent from its previous close at 18,300.9 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange moved up 0.69 percent higher at 5,519.55 points.

Broader markets also shot up, with the BSE midcap index trading 1.01 percent higher and the BSE small cap index ruling 1.15 percent up.

Metals, banking, and capital goods stocks were leading, while energy abnd FMCG scrips were flat.

The market breadth was positive, with 1,667 stocks advancing compared to 914 scrips on the decline. A total of 114 stocks remained unchanged.

Among gainers on the 30-scrip Sensex were HDFC Bank, HDFC, Bharti Airtel and Sterlite Industries, while the losers on the benchmark index included Tata Power, Wipro, ONGC and Hindustan Unilever.

Asian markets rose modestly for the second consecutive day offered after the US Federal Reserve took a cautious but optimistic view of the world’s largest economy.

Hong Kong’s Hang Seng was ruling flat at 23,157.5 points, while a benchmark of Chinese markets, Shanghai Composite index, lost 0.09 percent to rule at 2,921.13 points.

The Japanese Nikkei rose 0.26 percent to close at 10,836.64 points.

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