Sharp rise in banking and realty stocks on hopes of a rate cut lifted the benchmark Bombay Stock Exchange’s (BSE) benchmark 30-share Sensitive Index (Sensex) up by 153 points to close at a more-than one-month high of 19,169.83.
Firm global cues also boosted the market sentiment. Besides banking and realty stocks, consumer durable, capital goods, metal and power shares also attracted good buying support.
Contrary to the market behaviour, IT and Teck stocks were at the receiving end as country's third largest software services exporters, Wipro, announced disappinting Q4 earning last Friday and also pointed possibility of de-growth in Q1 guidance. Wipro share closed down by 7.95 per cent. Information technolgy giant Infosys too forecast 6-10 per cent growth, which was below NASSCOM's guidance of 12-14 per cent.
The Bombay Stock Exchange 30-share barometer resumed weak but later bounced back and remained in positive terrain most of the day before closing at 19,169.83, exhibiting a rise of 153.37 points or 0.81 pct. On last Thursday, it had flared up by 285.30 points or 1.52 pct.
The broader CNX Nifty of the NSE also spurted by 51.30 points or 0.89 pct to 5,834.40. Shortcoverings ahead of the expiry of futures and options contract on coming Thursday also helped the rally.
Heavyweights like HDFC Bank, L&T, ICICI Bank, HDFC, RIL, SBI and ITC mainly supported the rise while fall in Infosys, TCS, Wipro, ONGC, M&M and Bajaj Auto restricted the surge. Asian stocks ended higher for the second day in a row led by Japanese exporters as the yen slid to a four-year low against the US dollar after the Bank of Japan’s stimulus policies were unopposed at a Group of 20 meeting.
Key benchmark indices in Hong Kong, Japan, South Korea, Singapore, South Korea and Taiwan rose by 0.14 pct to 1.89 pct while China’s Shanghai Composite eased by 0.11 pct. Back home, 20 scrips out of the 30-share sensex pack finished higher while 10 others ended lower.
RS SLIDES BY 18P PER $ TO 54.14
The rupee on Monday fell by 18 paise to 54.14 against the dollar on fresh demand for the US currency from crude and gold importers, amid firm global cues. However, capital inflows and strong domestic equities limited the local currency’s fall to some extent, forex dealers said.
The rupee commenced stable at its last closing level of 53.96 at the Interbank Foreign Exchange (Forex) market. It moved in a range of 53.92-54.24, before settling at 54.14 against the dollar, a fall of 18 paise, or 0.33 per cent from its previous close.
Foreign institutional investors pumped in $169.16 million (Rs 915.82 crore) into local equities, as per BSE provisional data.
Firm global cues also boosted the market sentiment. Besides banking and realty stocks, consumer durable, capital goods, metal and power shares also attracted good buying support.
Contrary to the market behaviour, IT and Teck stocks were at the receiving end as country's third largest software services exporters, Wipro, announced disappinting Q4 earning last Friday and also pointed possibility of de-growth in Q1 guidance. Wipro share closed down by 7.95 per cent. Information technolgy giant Infosys too forecast 6-10 per cent growth, which was below NASSCOM's guidance of 12-14 per cent.
The Bombay Stock Exchange 30-share barometer resumed weak but later bounced back and remained in positive terrain most of the day before closing at 19,169.83, exhibiting a rise of 153.37 points or 0.81 pct. On last Thursday, it had flared up by 285.30 points or 1.52 pct.
The broader CNX Nifty of the NSE also spurted by 51.30 points or 0.89 pct to 5,834.40. Shortcoverings ahead of the expiry of futures and options contract on coming Thursday also helped the rally.
Heavyweights like HDFC Bank, L&T, ICICI Bank, HDFC, RIL, SBI and ITC mainly supported the rise while fall in Infosys, TCS, Wipro, ONGC, M&M and Bajaj Auto restricted the surge. Asian stocks ended higher for the second day in a row led by Japanese exporters as the yen slid to a four-year low against the US dollar after the Bank of Japan’s stimulus policies were unopposed at a Group of 20 meeting.
Key benchmark indices in Hong Kong, Japan, South Korea, Singapore, South Korea and Taiwan rose by 0.14 pct to 1.89 pct while China’s Shanghai Composite eased by 0.11 pct. Back home, 20 scrips out of the 30-share sensex pack finished higher while 10 others ended lower.
RS SLIDES BY 18P PER $ TO 54.14
The rupee on Monday fell by 18 paise to 54.14 against the dollar on fresh demand for the US currency from crude and gold importers, amid firm global cues. However, capital inflows and strong domestic equities limited the local currency’s fall to some extent, forex dealers said.
The rupee commenced stable at its last closing level of 53.96 at the Interbank Foreign Exchange (Forex) market. It moved in a range of 53.92-54.24, before settling at 54.14 against the dollar, a fall of 18 paise, or 0.33 per cent from its previous close.
Foreign institutional investors pumped in $169.16 million (Rs 915.82 crore) into local equities, as per BSE provisional data.