Home Economy Indian shares close higher after choppy trade

Indian shares close higher after choppy trade

By IANS

Mumbai : Indian shares Monday ended in the green and a key index closed 0.14 percent higher in choppy trade as select bluechips made late gains.

The 30-share benchmark Sensitive Index of the Bombay Stock Exchange (BSE) made a late recovery to close 20.35 points or 0.14 percent higher at 14,487 points. The broad-based National Stock Exchange (NSE) index, Nifty, rose 7.35 points or 0.17 percent to 4,259.40.

Top engineering and construction firm Larsen & Toubro led the major index gainers, as it was up 2.8 percent at Rs.2,166.05 after touching an all-time high of Rs.2,189.40 during the session.

It was followed by leading private sector telecom service provider Reliance Communications, up 1.83 percent at Rs.522.50, and top housing finance firm HDFC, up 1.31 percent at Rs.1,904.25.

Private sector telecom service provider Bharti Airtel, oil and natural gas explorer ONGC, cement major Gujarat Ambuja Cements, state-run energy equipment maker Bharat Heavy Electrical, leading cement producer ACC and top aluminium maker Hindalco Industries and thermal power firm NTPC were the other Sensex stocks that traded in the green.

India's top private sector firm Reliance Industries, which opened in the red, made late gains to end 0.12 percent, up at Rs.1,706.05 after touching the day's low of Rs.1,696.25.

Drug maker Cipla led the major losers of the day, down 1.76 percent at Rs.206, followed by top two- and three-wheeler maker Bajaj Auto, down 1.69 percent at Rs.2,137.90, and fourth largest software exporter Satyam Computers, down 1.53 percent at Rs.454.75.

Top software exporter TCS and its competitor Infosys Technologies continued to take a beating. TCS was down 1.27 percent at Rs.1,125.50, while Infosys lost Rs.14.85 on its last trade to end at RS.1,935.85, down 0.76 percent.

Top fast moving consumer goods maker Hindustan Unilever, top textile makers Grasim Industries, automobile major Maruti Udyog, top multi-utility vehicle maker Tata Motors and state-run top lender State Bank of India were the other major stocks that traded in the red.