ID :
150392
Fri, 11/19/2010 - 14:23
Auther :
Shortlink :
https://oananews.org//node/150392
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Sensex ends higher by 65 pts in volatile trade
Mumbai, Nov 18 (PTI) In a volatile trade, the Bombay
Stock Exchange benchmark index, Sensex, Thursday fluctuated
nearly 440 points before ending with a gain of over 65 points
on funds buying on an improved global trend and easing food
inflation back home.
After falling nearly 249 points at the outset, Sensex
bounced back to gain of 191 points. It fell again but closed
with a gain of 65.50 points to 19,930.64, backed by rising
stocks of metal and auto sectors.
Similarly, the broad-based National Stock Exchange index
Nifty rose by 10.10 points to 5,998.80. It shuttled between
6,076.20 and 5,906.75 during the session.
Trading sentiment recovered in later part following
reports of a fall in food inflation to 10.3 per cent for the
week ended November 6, from 12.3 per cent in the previous
week, raising hopes steady interest rates.
A higher trend in the Asian region and better opening in
Europe this afternoon further bolstered the market sentiment.
However, the reports of 2G spectrum allocation scam capped the
gains, while SKS Micro Finance, India's largest and one of the
world's fastest-growing microfinance organization fell on a
state crack-down on collection practices by the lenders.
Stocks of telecom firm Reliance Communications and
realty major Unitech plunged, amid concerns that they may be
probed as being a part of the 2G spectrum allocation scam.
In 30-BSE index components, 19 stocks rose while 11 scrip
ended with losses. The market received much support from the
two heaviest on the Sensex, Reliance Industries and Infosys
Technologies recording handsome gains. The two carry nearly 23
per cent weightage on the benchmark.
The metal sector index gained the most by rising 1.89
per cent to 16,891.43 as Sterlite Industries, the largest
copper and zinc producer rose by 2.69 per cent to Rs 177.25.
The auto sector index was second best performer, rising
1.40 per cent to 10,122.87, followed by healthcare index which
was up 0.97 per cent to 6,676.07. Capital goods index rose by
0.89 per cent to 15,741.02 and FMCG index by 0.53 per cent to
3,622.34.
Stock Exchange benchmark index, Sensex, Thursday fluctuated
nearly 440 points before ending with a gain of over 65 points
on funds buying on an improved global trend and easing food
inflation back home.
After falling nearly 249 points at the outset, Sensex
bounced back to gain of 191 points. It fell again but closed
with a gain of 65.50 points to 19,930.64, backed by rising
stocks of metal and auto sectors.
Similarly, the broad-based National Stock Exchange index
Nifty rose by 10.10 points to 5,998.80. It shuttled between
6,076.20 and 5,906.75 during the session.
Trading sentiment recovered in later part following
reports of a fall in food inflation to 10.3 per cent for the
week ended November 6, from 12.3 per cent in the previous
week, raising hopes steady interest rates.
A higher trend in the Asian region and better opening in
Europe this afternoon further bolstered the market sentiment.
However, the reports of 2G spectrum allocation scam capped the
gains, while SKS Micro Finance, India's largest and one of the
world's fastest-growing microfinance organization fell on a
state crack-down on collection practices by the lenders.
Stocks of telecom firm Reliance Communications and
realty major Unitech plunged, amid concerns that they may be
probed as being a part of the 2G spectrum allocation scam.
In 30-BSE index components, 19 stocks rose while 11 scrip
ended with losses. The market received much support from the
two heaviest on the Sensex, Reliance Industries and Infosys
Technologies recording handsome gains. The two carry nearly 23
per cent weightage on the benchmark.
The metal sector index gained the most by rising 1.89
per cent to 16,891.43 as Sterlite Industries, the largest
copper and zinc producer rose by 2.69 per cent to Rs 177.25.
The auto sector index was second best performer, rising
1.40 per cent to 10,122.87, followed by healthcare index which
was up 0.97 per cent to 6,676.07. Capital goods index rose by
0.89 per cent to 15,741.02 and FMCG index by 0.53 per cent to
3,622.34.
