TCS, Infosys help Sensex close 156 points higher
August 23rd, 2011 - 7:02 pm ICT by IANSMumbai, Aug 23 (IANS) A rally in heavyweight IT stocks — TCS and Infosys — helped a benchmark index for Indian equities markets Tuesday close 156 points higher. Positive cues from global bourses also lent support to a buying sentiment across the market breadth.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 16,446.85 points and closed at 16,498.47 points — up 156.77 points or 0.96 percent compared to its previous close at 16,341.7 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange also ended in the positive, 1.02 percent up at 4,948.9 points.
Broader markets too closed in the green. The BSE midcap index moved up 0.95 percent, while the BSE smallcap index ended 1.16 percent higher.
IT, telecom and consumer durables stocks were among the major gainers in trade Tuesday.
Foreign institutional investors were, however, net sellers having offloaded stocks worth $166.73 million Tuesday, according to data available with the Securities and Exchange Board of India (SEBI).
Among gainers on the Sensex were: TCS, up 6.66 percent at Rs.979.50; Bajaj Auto, up 4.27 percent at Rs.1,545.35; Infosys, up 3.64 percent at Rs.2,274 and BHEL, up 2.65 percent at Rs.1,761.50.
The main losers included ONGC, down 2.65 percent at Rs.279.15; Cipla, down 2.59 percent at Rs.282.55; NTPC, down 2.03 percent at Rs.171.25 and Tata Motors, down 1.02 percent at Rs.729.15.
Asian markets closed higher Tuesday, helped by better than expected data on manufacturing growth from China and tracking overnight gains on Wall Street.
There were hopes that the Libyan political turmoil would soon be over and a new government would help in re-starting oil supplies.
The benchmark Japanese Nikkei closed 1.22 percent higher at 8,733.01 points while the Chinese Shanghai Composite index moved up 1.52 percent to close at 2,554.02 points.
Hong Kong’s Hang Seng ended 1.99 percent higher at 19,875.53 points.
European markets rose amid release of some comforting economic data and a positive stance adopted by some leading financial advisory firms on Euro zone equities.
The FTSE 100 of UK was ruling 1.26 percent higher at 5,159.38 points, while the German DAX rose 1.78 percent at 5,571.2 points.
The French CAC 40 was up 1.94 percent at 3,110.67 points.
- Infosys results help Sensex close 421 points higher - Oct 12, 2011
- Sensex tanks 223 points, Infosys down 9 percent - Jul 12, 2012
- Sensex closes flat (Roundup) - Jun 26, 2012
- Sensex rebounds on rupee recovery (Lead) - Jun 08, 2012
- Sensex turns red; IT, metal stocks fall (Lead) - Jul 16, 2012
- Sensex closes in red on weak European cues (Roundup) - Aug 08, 2012
- Sensex bounces back, closes 112 points up (Lead) - May 15, 2012
- Sensex closes in red (Second Lead) - Aug 08, 2012
- Sensex rises 63 points; consumer durable, realty stocks up - Jul 03, 2012
- Sensex ends 111 points up; TCS, Wipro surge (Lead) - Apr 24, 2012
- Sensex trades flat, auto, banking stocks down (Lead) - Aug 13, 2012
- Sensex rises 17 points; oil, gas, power stocks up - Jun 26, 2012
- Sensex in green; realty, power stocks gain - Jan 13, 2012
- Sensex rises 37 points; power, FMCG stocks up - Jun 28, 2012
- Sensex rises 52 points, health care, consumer durables up - Jul 16, 2012
Tags: asian markets, benchmark index, bhel, bombay stock exchange, cipla, consumer durables, exchange board, foreign institutional investors, global bourses, market breadth, midcap index, national stock exchange, ntpc, political turmoil, rs 2, securities and exchange board of india, sensitive index, shanghai composite index, smallcap index, tata motors