Sensex soars 467 points to 3-yr high on across-the-board buying
19 Oct 2013 11:42 PM GMT
After a smart start, the 30-share Bombay Stock Exchange index rose to 20,932.23 and ended 467.38 points or 2.29 per cent to 20,882.89. This is the highest closing level since 20,932.48 on 9 November, 2010. Investors on the exchange were richer by over Rs 1.07 lakh crore.
Foreign investors pumped in Rs 1,109.93 crore into local equities on Thursday, remaining net buyers for the 10 straight day. FIIs have infused $14.77 billion so far since January this year.
The broader National Stock Exchange index Nifty also shot up by 143.50 points, or 2.37 per cent, to close at 6,189.35, after hitting the day’s high of 6,201.45. The SX40 index on the MCX Stock Exchange closed higher by 237.07 points at 12,416.36.
Brokers said there was across-the-board buying on positive global cues after the end of US shutdown and easing concerns over the US tapering, which especially boosted the financial sector stocks.
Asian stocks were in demand after China’s GDP growth climbed to 7.8 per cent in the third quarter, registering an overall growth of 7.7 per cent for the past nine months, which in turn bolstered the trading sentiment here, they added.
Out of the 30 BSE index components, 29 stocks advanced led by ICICI Bank, ITC and Reliance Industries.
Sectorally, the banking index gained the most rising 3.93 per cent as HDFC Bank, ICICI Bank and State Bank of India climbed on value buying.
The metal sector index was second best performer, adding 3.32 per cent. All the 13 sectoral indices ended higher.
Rupee falls 4p to 61.27 per $
Mumbai: The rupee fell back slightly by four paise to end at 61.27 against the dollar on fresh dollar demand from importers, despite strong local equities.
Weak dollar overseas and sustained capital inflows limited the fall, a forex dealer said.
At the Interbank Foreign Exchange (Forex) market, the local unit commenced better at 61.19 a dollar from previous close of 61.23 and moved in a wide range between 60.92 and 61.71 before concluding at 61.27, showing a fall of four paise or 0.07 per cent. On Thursday, it had gained 60 paise or 0.97 per cent. The dollar index was down by 0.06 per cent against a basket of six major global currencies after US lawmakers reached a deal to avoid default and end the 16-day partial government shutdown.
Foreign investors pumped in Rs 1,109.93 crore into local equities on Thursday, remaining net buyers for the 10 straight day. FIIs have infused $14.77 billion so far since January this year.
The broader National Stock Exchange index Nifty also shot up by 143.50 points, or 2.37 per cent, to close at 6,189.35, after hitting the day’s high of 6,201.45. The SX40 index on the MCX Stock Exchange closed higher by 237.07 points at 12,416.36.
Brokers said there was across-the-board buying on positive global cues after the end of US shutdown and easing concerns over the US tapering, which especially boosted the financial sector stocks.
Asian stocks were in demand after China’s GDP growth climbed to 7.8 per cent in the third quarter, registering an overall growth of 7.7 per cent for the past nine months, which in turn bolstered the trading sentiment here, they added.
Out of the 30 BSE index components, 29 stocks advanced led by ICICI Bank, ITC and Reliance Industries.
Sectorally, the banking index gained the most rising 3.93 per cent as HDFC Bank, ICICI Bank and State Bank of India climbed on value buying.
The metal sector index was second best performer, adding 3.32 per cent. All the 13 sectoral indices ended higher.
Rupee falls 4p to 61.27 per $
Mumbai: The rupee fell back slightly by four paise to end at 61.27 against the dollar on fresh dollar demand from importers, despite strong local equities.
Weak dollar overseas and sustained capital inflows limited the fall, a forex dealer said.
At the Interbank Foreign Exchange (Forex) market, the local unit commenced better at 61.19 a dollar from previous close of 61.23 and moved in a wide range between 60.92 and 61.71 before concluding at 61.27, showing a fall of four paise or 0.07 per cent. On Thursday, it had gained 60 paise or 0.97 per cent. The dollar index was down by 0.06 per cent against a basket of six major global currencies after US lawmakers reached a deal to avoid default and end the 16-day partial government shutdown.
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