FMCG & consumer durables steer Sensex, Nifty to near 1-week highs
7 Feb 2014 12:44 AM GMT
After a positive start, the BSE Sensex dropped to 20,079.82 intra-day on selling in view of persistent capital outflows. However, the 30-share index recovered and touched 20,358.19, before ending at 20,310.74 following strong Asian cues. It gained 49.71 points, or 0.25 per cent over Wednesday.
The Sensex has gained 101.48 points in three days. Before that, it shed 1,100 points as the index fell for six days in seven. Thursday's closing value is the highest for Sensex since 20,513.85 on 31 January.
The FMCG index gained the most among BSE sectoral indices by rising 1.36 per cent as HUL and ITC jumped. Consumer durables sector was second best performer as it gained one per cent. Metal index gained 0.92 per cent as Tata Steel, Coal India and Hindalco shares inched higher. However, losses in ICICI Bank, SBI, Infosys and TCS counters capped the benchmark's rise.
The 50-share NSE Nifty rose by 13.90 points, or 0.23 per cent, to end at 6,036.30, in its second day of rise. This was the barometer's highest close since 6,089.50 31 on January. Foreign institutional investors (FIIs) sold shares worth Rs 576.20 crore Wednesday as per provisional data.
Globally, Asian shares finished higher as investors weighed data showing service industries growth in US economy against a jobs report that is said to have missed estimates.
Rupee up 20p to 62.37 per $
Mumbai: In lacklustre trade, the rupee appreciated by 20 paise to log its two-week closing high of 62.37 against the Greenback following positive local equities amid renewed capital inflows and fresh dollar selling by exporters.
The dollar index, a indicator of six major global rivals, was up by a mere 0.03 per cent.
The Sensex has gained 101.48 points in three days. Before that, it shed 1,100 points as the index fell for six days in seven. Thursday's closing value is the highest for Sensex since 20,513.85 on 31 January.
The FMCG index gained the most among BSE sectoral indices by rising 1.36 per cent as HUL and ITC jumped. Consumer durables sector was second best performer as it gained one per cent. Metal index gained 0.92 per cent as Tata Steel, Coal India and Hindalco shares inched higher. However, losses in ICICI Bank, SBI, Infosys and TCS counters capped the benchmark's rise.
The 50-share NSE Nifty rose by 13.90 points, or 0.23 per cent, to end at 6,036.30, in its second day of rise. This was the barometer's highest close since 6,089.50 31 on January. Foreign institutional investors (FIIs) sold shares worth Rs 576.20 crore Wednesday as per provisional data.
Globally, Asian shares finished higher as investors weighed data showing service industries growth in US economy against a jobs report that is said to have missed estimates.
Rupee up 20p to 62.37 per $
Mumbai: In lacklustre trade, the rupee appreciated by 20 paise to log its two-week closing high of 62.37 against the Greenback following positive local equities amid renewed capital inflows and fresh dollar selling by exporters.
The dollar index, a indicator of six major global rivals, was up by a mere 0.03 per cent.
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