Sensex closes 143 points up; realty, banks rally

By IANS,

Mumbai : A benchmark index for Indian equities Monday climbed 143 points, backed by gains in realty, banks and metal stocks.


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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), closed 0.79 percent or 143.51 points higher at 18,287.50 points. The 30-share index hit a high of 18309.25 and low of 18139.90.

At the National Stock Exchange(NSE),the broader 50-share S&P CNX Nifty closed 0.86 percent or 46.90 points higher at 5,486.15 points. The index touched a high of 5492.30 and low of 5433.25.

The market breadth was strong. Out of 3,072 stocks traded on the BSE, 1,958 advanced while 1,002 declined.

Among the gainers on the Sensex were DLF, up 3.97 percent at 319.80; ICICI Bank, up 3 percent at 980.45; Tata Motors, up 2.75 percent at 918.95, Reliance Comm, up 2.46 percent at 177.10, and ACC, 2.30 percent at 843.75.

Of the 30 scrips that form Sensex, only three closed in the negative territory. HDFC Bank was down 0.68 percent at 2,081.15, while RIL closed 0.66 percent lower at 993.65 and Cipla 0.28 percent down at 320.70.

Broader markets indices also closed in the green with the BSE midcap index up 1.16 percent and the smallcap index 1.42 percent higher.

Most Asian markets advanced on good corporate earnings outlook. The Chinese Shanghai Composite index closed 0.53 percent higher at 2,672.53 points. Hong Kong’s Hang Seng ended trade 0.57 percent up at 21,801.60 points.

However, the Japanese Nikkei declined 0.72 percent to 9,572.49.

Sentiments at the Indian markets turned bullish in late trade with positive opening in European markets.

At the closing bell here, the FTSE 100 was trading 1.63 percent higher at 5,409.88 points, while the German DAX was 1.39 percent up at 6,346.47. The French CAC 40 was trading 1.64 percent higher at 3,777.01 points.

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