Sensex snaps 3-session of losing streak, up by 76 points
Lack of any major trigger from overseas markets amid announcement of monthly inflation data based on whole price index (WPI) tomorrow, kept the market in a narrow range, a broker said.
Realty, consumer durable, capital goods and power sectors attracted good buying interest. In a lackadaisical trade, 12 out of 13 sectoral indices closed in the green between 2.41 pct and 0.14 pct while only BSE-Auto ended in the red.
Top housing loan provider, HDFC, was the top gainer from the Sensex pack with a rise of 3.71 pct on heavy buying from institutional investors and was also top contributer to the sensex gains.
Besides HDFC, HDFC Bank RIL, L&T, Bharti Airtel and Sterlite Ind also registered marked gains while HUL, Tata Motors, TCS, ICICI Bank and ITC suffered with losses.
The Bombay Stock Exchange 30-share barometer resumed almost stable and moved in a narrow range till late afternoon deals, but buying at the fag end pushed the sensex up by 75.71 points or 0.43 pct to end at 17,633.45, level not seen since March 15, 2012 when it was settled at 17,675.85.
The broader NSE 50-issue Nifty also rose by 27.50 points or 0.52 pct to finish at 5,347.90.
Barring Singapore, other Asian markets ended in red, as investors turned cautious about a slowdown in global growth.
Key benchmark indices in Hong Kong, China and Taiwan
were down by 0.06 per cent to 1.51 per cent, while Straits
Times closed up by 0.35 per cent.
European markets were also trading mixed in their afternoon deals. The CAC was trading up by 0.06 pct and the DAX was 0.37 pct while the FTSE was down by 0.04 pct.
Other major gainers were Serlite (2.66 pct), Maruti Suzuki (1.95 pct), Bajaj Auto (1.68 pct), BHEL (1.66 pct), Bharti Airtel (1.64 pct), Wipro (1.60 pct), Larsen (0.98 pct) Sunpharma (0.95 pct) and SBI (0.94 pct).
However, Tata Motors declined by 1.55 pct followed by HUL 1.43 pct, Hero Motororp 1.32 pct, Hindalco 1.26 pct, Tata Steel 1.19 pct and TCS 0.92 pct.
Among the sectors indices the BSE-Realty rose by 2.41 pct, the BSE-CD 1.70 pct, the BSE-CG 1.08 pct, the BSE-Power 1.02 pct and the BSE-PSU 0.95 pct.
The overall market breadth turned positive as 1,474 stocks finished with gains while 1,280 stocks ended in red.
The total turnover declined to Rs 1,857.97 crore from the last Friday's level of Rs 2,192.36 crore.
Foreign Institutional Investors (FIIs) bought shares worth Rs 86.13 crores on last Friday as per the provisional figures inssued by the stock exchanges.