Home Economy Markets close on a high, Sensex up 151 points

Markets close on a high, Sensex up 151 points


Mumbai : A key index of the Indian equities markets ended trade Wednesday 151 points above its last closing figure on hectic buying of realty, energy and banking stocks.

The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,506.43 points, closed at 14,645.47 points – 151.63 points or 1.05 percent higher than Tuesday’s close.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) ended the day 1.16 percent up at 4,340.9 points.

Broader market indices also closed in the green, with the BSE midcap index ending 1.01 percent up, and the BSE smallcap index closing 0.3 percent higher than its previous close.

Only one of the 13 sectoral indices on the BSE – consumer durables index – ended in the red, while those for realty, technology and banking stocks gained the most.

Realty stocks, which had seen heavy selling Tuesday, saw renewed buying with the sectoral index for such stocks ending 4.25 percent up.

The market breadth was almost flat, with the number of advances just a little below the overall declines. About 1,256 stocks advanced compared to 1,338 declines, while 79 scrips remained unchanged.

Twenty-five of the 30 scrips on the Sensex ended in the green. Prominent among them were DLF, up 4.76 percent at Rs.325.60; M&M, up 3.16 percent at Rs.714.35; Reliance Infra, up 2.99 percent at Rs.1,233.30; and Reliance Communications, up 2.98 percent at Rs.298.55.

Among losers were Hindalco, down 3.53 percent at Rs.83.40; ONGC, down 1.36 percent at Rs.1,052.60; ACC, down 0.65 percent at Rs.763.90; and Tata Power, down 0.33 percent at Rs.1,145.90.

Total traded turnover was Rs.78,011.98 crore. This included Rs.16,643.64 from the NSE cash segment, Rs.55,613.06 crore from the NSE future and option segment and the balance Rs.5,755.28 crore from BSE cash segment.

In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo stock exchange, closed 18.51 points down to end Tuesday’s trade at 9,939.93 points.

The Hang Seng, a primary index of the Hong Kong stock exchange, also closed in the red, down 149.78 points at 18,378.73 points.