In choppy trade, the benchmarkSensex on Tuesday climbed for the
third straight day and ended 40.08 points higher at a nearly two-week
high buoyed by gains in Infosys, SBI and Maruti Suzuki shares, amid
sustained strength in the rupee against US dollar.
After gaining 656 points in previous two sessions, the Sensex gained
40.08 points, or 0.19 %, to end at 20,890.82 led by stocks of realty,
capital goods and banking sectors. The index closed at 20,894.94 on
November 6.
In the 30-scrip Sensex, Hindalco and Jindal Steel led the 14 gainers. SBI and Maruti gained over 3 % each. 15 counters led by Sesa-Sterlite, HDFC Bank and Coal India declined. Tata Power ended flat.
On similar lines, the broad-based National Stock Exchange index Nifty
rose by 14.35 points, or 0.23 %, to close at 6,203.35, after touching
6,212.40 intra-day. Also, SX-40 index of MCX-SX closed 34.80 points up
at 12,401.4.
Brokers said steady capital inflows as rupee strengthened against the dollar and reports of higher earnings by some bluechips, mainly helped the domestic market extend gains.
The rupee appreciated to touch 61.87 versus dollar intra-day. Globally, the US dollar traded weak against major rivals ahead of Fed chief Ben Bernanke's speech at National Economists Club in Washington later today.
Analysts hope Bernanke would speak in favour of keeping the USD 85 billion a month stimulus intact like New York Fed chief William Dudley and Federal Reserve chief nominee Janet Yellen did recently. Also, the release of FOMC minutes is
The benchmark Sensex fell for the seventh straight session and ended 88 points lower in choppy trade on Wednesday after a rise in retail prices spurred worries the RBI would increase rates again to contain inflation.
Weak global cues on fresh talk of the US tapering its stimulus also kept the market under pressure.
Realty, FMCG, IT and banking sector stocks declined, while auto counters were in demand after decent Q2 results by Mahindra & Mahindra.
ITC, HDFC Bank and TCS were among the shares that dragged the index lower, while Tata Motors and Mahindra supported it.
The biggest losers included GAIL India, Cipla and Sesa Sterlite.
The 30-share S&P BSE Sensex moved erratically in a range of 20,161.64 to 20,365.59 before ending at 20,194.40, a fall of 87.51 points or 0.43%. It's at the lowest level since October 8.
The index has lost 1,044.96 points in the past seven sessions, its longest losing streak since the eight days ended August 2, when it declined 1,138.11 points.
The 50-share CNX Nifty on the National Stock Exchange declined 28.45 points, or 0.47%, to end at 5,989.60. The SX40 index on the MCX Stock Exchange fell 84.36 points to end at 12,002.12.
Inflation as measured by the consumer price index rose to 10.09% in October, entering double digits after seven months, according to government data released after market hours yesterday.
To contain inflation, the Reserve Bank of India increased a key rate on October 29 for the second time since Raghuram Rajan took over as Governor on September 4.
Industrial production grew 2% in September, mainly on account of better performance in the power and mining sectors.
Asian stocks closed down after China's leaders failed to outline economic reforms and on bets the US Federal Reserve would start easing its stimulus next month.
expected on Wednesday.
Sectorally, the BSE Realty sector index gained the most by rising 1.51 %, followed by Capital goods index (up 1.28 %), TECK index (0.46 %) and Banking index (0.35 %). IT index gained 0.28 per cent on Infosys scrip gaining 1.3 %.
rahul singh 1
pgdm 1 year
In the 30-scrip Sensex, Hindalco and Jindal Steel led the 14 gainers. SBI and Maruti gained over 3 % each. 15 counters led by Sesa-Sterlite, HDFC Bank and Coal India declined. Tata Power ended flat.
Brokers said steady capital inflows as rupee strengthened against the dollar and reports of higher earnings by some bluechips, mainly helped the domestic market extend gains.
The rupee appreciated to touch 61.87 versus dollar intra-day. Globally, the US dollar traded weak against major rivals ahead of Fed chief Ben Bernanke's speech at National Economists Club in Washington later today.
Analysts hope Bernanke would speak in favour of keeping the USD 85 billion a month stimulus intact like New York Fed chief William Dudley and Federal Reserve chief nominee Janet Yellen did recently. Also, the release of FOMC minutes is
The benchmark Sensex fell for the seventh straight session and ended 88 points lower in choppy trade on Wednesday after a rise in retail prices spurred worries the RBI would increase rates again to contain inflation.
Realty, FMCG, IT and banking sector stocks declined, while auto counters were in demand after decent Q2 results by Mahindra & Mahindra.
ITC, HDFC Bank and TCS were among the shares that dragged the index lower, while Tata Motors and Mahindra supported it.
The 30-share S&P BSE Sensex moved erratically in a range of 20,161.64 to 20,365.59 before ending at 20,194.40, a fall of 87.51 points or 0.43%. It's at the lowest level since October 8.
The index has lost 1,044.96 points in the past seven sessions, its longest losing streak since the eight days ended August 2, when it declined 1,138.11 points.
The 50-share CNX Nifty on the National Stock Exchange declined 28.45 points, or 0.47%, to end at 5,989.60. The SX40 index on the MCX Stock Exchange fell 84.36 points to end at 12,002.12.
Inflation as measured by the consumer price index rose to 10.09% in October, entering double digits after seven months, according to government data released after market hours yesterday.
To contain inflation, the Reserve Bank of India increased a key rate on October 29 for the second time since Raghuram Rajan took over as Governor on September 4.
Industrial production grew 2% in September, mainly on account of better performance in the power and mining sectors.
Asian stocks closed down after China's leaders failed to outline economic reforms and on bets the US Federal Reserve would start easing its stimulus next month.
expected on Wednesday.
Sectorally, the BSE Realty sector index gained the most by rising 1.51 %, followed by Capital goods index (up 1.28 %), TECK index (0.46 %) and Banking index (0.35 %). IT index gained 0.28 per cent on Infosys scrip gaining 1.3 %.
rahul singh 1
pgdm 1 year
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