Sensex gains 57 points on fresh reform hopes
23 Nov 2012 6:57 AM IST
The benchmark Sensex rose by 57 points on Thursday, with gains in capital goods, IT and banking stocks as rejection of no-trust motion against the government bolstered hopes of more reform measures. Higher global advices coupled with sustained capital inflows also boosted the market sentiment. The BSE barometer resumed higher at 18,510.94 and shot up further to 18,567.68 before ending at 18,517.34, showing a net gain of 56.96 points, or 0.31 per cent. On Wednesday, it was up by 131.06 points or 0.72 per cent.
The NSE 50-share Nifty also moved up further by 12.95 points or 0.23 per cent to finish at 5,627.75. Smart rise in heavyweights like ITC, Infosys, L&T, HDFC Bank, SBI and Mahindra & Mahindra mainly supported the Sensex surge.
An attempt by former UPA ally Trinamool Congress to bring a no-confidence motion against the government over FDI in retail failed on Thursday in the Lok Sabha which supported the uptrend, the broker said.
The NSE 50-share Nifty also moved up further by 12.95 points or 0.23 per cent to finish at 5,627.75. Smart rise in heavyweights like ITC, Infosys, L&T, HDFC Bank, SBI and Mahindra & Mahindra mainly supported the Sensex surge.
An attempt by former UPA ally Trinamool Congress to bring a no-confidence motion against the government over FDI in retail failed on Thursday in the Lok Sabha which supported the uptrend, the broker said.
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