Sensex rises for 3rd day, up 219 points to 2-week high
1 Sept 2013 4:52 AM IST
In a high volatile session, fag-end buying pulled the benchmark S&P BSE Sensex up by another 219 points to close at two-week high of 18,619.72, extending gains for the third straight day.
Receding fears of imminent attack on Syria after British lawmakers voted against military action in the House of Commons, which kept the global oil prices under pressure also aided the market sentiment.
The Bombay Stock Exchange 30-share barometer resumed slightly better and moved erratically between positive and negative terrain in a range of 18,679.26 and 18,272.76 before finishing at 18,619.72, exhibiting a rise of 218.68 points or 1.19 per centt. In straight three trading sessions, it has risen by 651.64 points or 3.63 per centt.
The 50-issue CNX Nifty of the NSE also shot up by 62.75 points or 1.16 per centt to 5,471.80. Shares from consumer durable, pharma, banking, IT and FMCG segments were in demand while metal stocks dropped sharply on profit-booking.
Buying in sensex-based scrips like TCS, HDFC Bank, HDFC, HUL, Bajaj Auto, ITC, RIL, Cipla and SBI contributed immensely to the sensex gains while Tata Motors, Jindal Steel, M&M, Tata Steel, Hindalco, Sesa Goa and Tata power closed with losses.
Meanwhile, Prime Minister Manmohan Singh on Friday in parliament showed concern over sliding rupee but ruled out reversal of reforms or resorting to capital controls to rescue the currency. Asian stocks closed mixed following overnight gains in US stocks triggered by data that showed the US economy expanded more rapidly than previously thought in the second quarter. Key indices in China, Hong Kong, South Korea and Taiwan closed higher, while they fell in Japan and Singapore.
The European markets were trading lower in early deals ahead of unemployment and consumer confidence data from the euro zone.A rally in the rupee helped local indices to rise, with 18 Sensex stocks gaining. They were led by Bajaj Auto (5.62 per cent), Cipla (4.96 per cent), TCS (3.96 per cent), HDFC Bank (3.86 per cent) and HUL (3.70 per cent).
Receding fears of imminent attack on Syria after British lawmakers voted against military action in the House of Commons, which kept the global oil prices under pressure also aided the market sentiment.
The Bombay Stock Exchange 30-share barometer resumed slightly better and moved erratically between positive and negative terrain in a range of 18,679.26 and 18,272.76 before finishing at 18,619.72, exhibiting a rise of 218.68 points or 1.19 per centt. In straight three trading sessions, it has risen by 651.64 points or 3.63 per centt.
The 50-issue CNX Nifty of the NSE also shot up by 62.75 points or 1.16 per centt to 5,471.80. Shares from consumer durable, pharma, banking, IT and FMCG segments were in demand while metal stocks dropped sharply on profit-booking.
Buying in sensex-based scrips like TCS, HDFC Bank, HDFC, HUL, Bajaj Auto, ITC, RIL, Cipla and SBI contributed immensely to the sensex gains while Tata Motors, Jindal Steel, M&M, Tata Steel, Hindalco, Sesa Goa and Tata power closed with losses.
Meanwhile, Prime Minister Manmohan Singh on Friday in parliament showed concern over sliding rupee but ruled out reversal of reforms or resorting to capital controls to rescue the currency. Asian stocks closed mixed following overnight gains in US stocks triggered by data that showed the US economy expanded more rapidly than previously thought in the second quarter. Key indices in China, Hong Kong, South Korea and Taiwan closed higher, while they fell in Japan and Singapore.
The European markets were trading lower in early deals ahead of unemployment and consumer confidence data from the euro zone.A rally in the rupee helped local indices to rise, with 18 Sensex stocks gaining. They were led by Bajaj Auto (5.62 per cent), Cipla (4.96 per cent), TCS (3.96 per cent), HDFC Bank (3.86 per cent) and HUL (3.70 per cent).
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