Sensex up 142 points on robust data, global cues
Sunday, 13 June 2010
MUMBAI, June 12 (sify.com): A benchmark index for Indian equities Friday closed 142 points higher on steady global cues, slipping from the intra-day highs it reached on the back of strong industrial data.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,994.07 points, shut shop at 17,064.95 points, 142.87 points or 0.84 per cent up from its previous close at 16,922.08 points.
The Sensex had touched an intra-day high of 17,131.56 points on better than expected industrial output data for April.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,119.35 points, up 0.8 per cent from its previous close at 5,078.6 points.
Broader market indices were also in the positive terrain, with the BSE midcap index ending 0.28 per cent higher and the BSE smallcap index 0.44 per cent up.
Of the 13 sectoral indices on the BSE, energy, banking, and capital goods gained the most, while healthcare and telecom ended in the red.
Reliance Industries rose during the last session of trade, after news broke that it had bought Infotel Broadband -- the pan-India license winner in the broadband wireless spectrum auction which ended early Friday.
Announcing its entry into the telecom market, Reliance Industries said it would pay about Rs.48 billion by way of subscription to fresh equity capital at par to be issued by Infotel, after which it would own about 95 per cent of the stake.
The company earlier in the day announced that it had discovered more oil in the Cambay basin. Understandably, the scrip ended 3.03 per cent higher at Rs 1,046.25.
Other major gainers on the 30 scrips on the Sensex were BHEL, up 2.66 per cent at Rs.2,392.30, M&M, up 2.11 per cent at Rs.604.40, and ICICI Bank, up 1.94 per cent at Rs.845.35.
Among the losers were Bharti Airtel, down 3.75 per cent at Rs 274.55; Sterlite Industries, down 1.04 per cent at Rs 635.05; ACC, down 0.98 per cent at Rs 861.20; and Reliance Infra, down 0.9 per cent at Rs 1,112.75.
The market breadth was positive with 1,531 stocks advancing, 1,311 scrips declining and 125 remaining unchanged.
Some amount of short covering and value buys in energy stocks crushed in the aftermath of BP's oil spill in the Gulf of Mexico, helped give a boost to major Asian markets.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,994.07 points, shut shop at 17,064.95 points, 142.87 points or 0.84 per cent up from its previous close at 16,922.08 points.
The Sensex had touched an intra-day high of 17,131.56 points on better than expected industrial output data for April.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,119.35 points, up 0.8 per cent from its previous close at 5,078.6 points.
Broader market indices were also in the positive terrain, with the BSE midcap index ending 0.28 per cent higher and the BSE smallcap index 0.44 per cent up.
Of the 13 sectoral indices on the BSE, energy, banking, and capital goods gained the most, while healthcare and telecom ended in the red.
Reliance Industries rose during the last session of trade, after news broke that it had bought Infotel Broadband -- the pan-India license winner in the broadband wireless spectrum auction which ended early Friday.
Announcing its entry into the telecom market, Reliance Industries said it would pay about Rs.48 billion by way of subscription to fresh equity capital at par to be issued by Infotel, after which it would own about 95 per cent of the stake.
The company earlier in the day announced that it had discovered more oil in the Cambay basin. Understandably, the scrip ended 3.03 per cent higher at Rs 1,046.25.
Other major gainers on the 30 scrips on the Sensex were BHEL, up 2.66 per cent at Rs.2,392.30, M&M, up 2.11 per cent at Rs.604.40, and ICICI Bank, up 1.94 per cent at Rs.845.35.
Among the losers were Bharti Airtel, down 3.75 per cent at Rs 274.55; Sterlite Industries, down 1.04 per cent at Rs 635.05; ACC, down 0.98 per cent at Rs 861.20; and Reliance Infra, down 0.9 per cent at Rs 1,112.75.
The market breadth was positive with 1,531 stocks advancing, 1,311 scrips declining and 125 remaining unchanged.
Some amount of short covering and value buys in energy stocks crushed in the aftermath of BP's oil spill in the Gulf of Mexico, helped give a boost to major Asian markets.