Home Economy Indian shares end firm after volatile trade

Indian shares end firm after volatile trade

By IANS

Mumbai : Indian shares closed on a positive note Monday after a volatile session with a key index settling one percent higher on firming global markets.

The 30-share benchmark Sensitive Index of the Bombay Stock Exchange (BSE) moved in a broad range of 14,869-15,044 in intra-day trading before closing at 15,017.21 points, up 148.96 points or one percent with 20 of its components trading in green.

The broader 50-issue National Stock Exchange (NSE) index, Nifty, too firmed at 4,373.65 levels, up 40.30 points or 0.93 percent.

Leading the Sensex surge was top consumer goods producer Hindustan Unilever, up 4.04 percent at Rs.203.55, followed by leading multi-utility vehicle maker Tata Motors, up 3.46 percent at Rs.692.20, and drug major Cipla, up 3.33 percent at Rs.190.90.

Another leading multi-utility vehicle maker Mahindra and Mahindra, cement major Ambuja Cements, top two-wheeler and three-wheeler maker Bajaj Auto, top carmaker Maruti Udyog, housing finance firm HDFC, textile major Grasim Industries and state-run thermal energy producer NTPC were among the other major index gainers of the day.

Technology scrips, however, took a beating with top software exporters ending the day in the negative.

Top software exporter Tata Consultancy Services was down 0.87 percent at Rs.1,135.05, while fourth largest software exporter Satyam Computer was down 0.55 percent at Rs.476.75 and second largest IT service provider Infosys Technologies went 0.02 percent down to Rs.1,951.95.