Energised by ONGC, Sensex rises 180 points to breach 20,000 again
20 July 2013 4:13 AM IST
Helped by fag-end buying, the BSE benchmark Sensex on Thursday climbed nearly 180 points to new six-week high of 20,128.41 on the back of strength in HDFC Bank, Infosys and ONGC shares, amid a firming global trend.The Sensex, which had gained 98 points in the previous session, spurted by 179.68 points, or 0.90 per cent to end at 20,128.41, its highest level since 30 May.
On similar lines, the broad-based National Stock Exchange index Nifty rose by 64.74 points, or 1.08 per cent to 6,038.05 led by realty, banking and consumer durables shares.
Also, SX40 index, the flagship index of MCX-SX, gained 125.19 points, or 1.05 per cent, to close at 12,044.15.Brokers said markets remained bullish on steady inflow of better quarter earnings by bluechips led by 1.79 per cent gain in Infosys. HDFC Bank gained 3.22 per cent and ONGC rose 4.42 per cent. However, TCS weakened ahead of results.
'Banks are showing signs of short term reversal after it dived for two straight sessions,' said Milan Bavishi, Head Research, Inventure Growth and Securities.
On similar lines, the broad-based National Stock Exchange index Nifty rose by 64.74 points, or 1.08 per cent to 6,038.05 led by realty, banking and consumer durables shares.
Also, SX40 index, the flagship index of MCX-SX, gained 125.19 points, or 1.05 per cent, to close at 12,044.15.Brokers said markets remained bullish on steady inflow of better quarter earnings by bluechips led by 1.79 per cent gain in Infosys. HDFC Bank gained 3.22 per cent and ONGC rose 4.42 per cent. However, TCS weakened ahead of results.
'Banks are showing signs of short term reversal after it dived for two straight sessions,' said Milan Bavishi, Head Research, Inventure Growth and Securities.
Next Story
