Sensex moves up to 18,000 amid positive Asian cues
Thursday, 22 July 2010
MUMBAI, July 21 (IANS): A benchmark index for Indian equities Wednesday noon moved further up from its opening trade highs and touched the 18,000 mark amid stable cues from other Asian markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,873.92 points, was ruling at 18,000.78 points, 122.64 points or 0.69 per cent up from its previous close at 17,878.14 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading at 5,404.95 points, up 0.69 per cent from its previous close at 5,368 points.
Broader markets indices were also in the green, with the BSE midcap index 0.55 per cent up and the BSE smallcap index 0.7 per cent higher.
Metal, FMCG and auto stocks were doing well, while healthcare scrips saw some selling.
The market breadth was positive, with 1,726 scrips advancing, compared to 997 stocks declining, and 116 remaining unchanged.
Other major Asian markets also saw moderate gains, tracking Tuesday's rally in the US markets.
Hong Kong's Hang Seng was up 0.55 per cent at 20,375.48 points with pessimism over a drop in China's economic growth waning.
The Chinese Shanghai Composite index was also up 0.61 per cent at 2,544.22 points, while the South Korean Kospi ended with a 0.69 per cent gain at 1,748.78 points.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,873.92 points, was ruling at 18,000.78 points, 122.64 points or 0.69 per cent up from its previous close at 17,878.14 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading at 5,404.95 points, up 0.69 per cent from its previous close at 5,368 points.
Broader markets indices were also in the green, with the BSE midcap index 0.55 per cent up and the BSE smallcap index 0.7 per cent higher.
Metal, FMCG and auto stocks were doing well, while healthcare scrips saw some selling.
The market breadth was positive, with 1,726 scrips advancing, compared to 997 stocks declining, and 116 remaining unchanged.
Other major Asian markets also saw moderate gains, tracking Tuesday's rally in the US markets.
Hong Kong's Hang Seng was up 0.55 per cent at 20,375.48 points with pessimism over a drop in China's economic growth waning.
The Chinese Shanghai Composite index was also up 0.61 per cent at 2,544.22 points, while the South Korean Kospi ended with a 0.69 per cent gain at 1,748.78 points.