Sensex up 95 points, makes third straight week of gains (Roundup)

January 20th, 2012 - 8:50 pm ICT by IANS  

Sensex Mumbai, Jan 20 (IANS) A benchmark index for Indian equities markets Friday closed 95 points higher, paring some of the initial gains as fast moving consumer goods (FMCG) stocks came under selling pressure.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,745.01 points, closed at 16,739.01 points, 95.27 points or 0.57 percent up from its previous close at 16,643.74 points.

It had moved up to 16,788.48 points in intra-day trade, but later slipped. For the week, however, the Sensex gained 3.62 percent — its third weekly gain.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange also closed higher at 5,048.6 points — up 0.6 percent or 30.2 points from its previous close.

Broader markets moved up with the BSE 500 index ending 0.52 percent higher from its previous close.

Prominent gainers on the 30-scrip Sensex included Bajaj Auto, up 6.18 percent at Rs.1,557.80; ICICI Bank, up 5.81 percent at Rs.842.65; Jindal Steel, up 3.35 percent at Rs.534.85; and BHEL, up 3.09 percent at Rs.273.70.

Among losers were ITC, down 3.59 percent at Rs.201.35; M&M;, down 2.67 percent at Rs.656.40; Maruti Suzuki, down 2.62 percent at Rs.1,099.10; and Hindalco, down 1.98 percent at Rs.143.50.

The market breadth was negative with 1,363 stocks advancing, 1,481 on the decline and 112 remaining unchanged.

According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $138.73 million. FIIs have pumped in over $1 billion this month.

Asian markets rose, buoyed by signs of recovery in the US economy and the International Monetary Fund’s plan to increase its lending capacity.

The Japanese Nikkei rose 1.47 percent to close at 8,766.36 points, while Hong Kong’s Hang Seng moved up 0.84 percent and ended at 20,110.37 points.

The Chinese Shanghai Composite index rose 1 percent and ended at 2,319.12 points.

European markets were ruling dull.

Britain’s FTSE 100 was ruling flat at 5,741.92 points. The German DAX was similarly lacklustre, trading 0.07 percent down at 6,411.97 points.

The French CAC 40 was trading 0.48 percent lower at 3,313.09 points.

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