Thursday 19 September 2013

News Hour: Sensex rallies over 600 points, Nifty ends above 6,100


MUMBAI: The 50-share Nifty index posted its highest close since May 30 and hit a 3.5-month high on the back of short coverings on Thursday, after the US Federal Reservedecided to continue with its bond purchase programme.

Institutional investors rushed to buy rate sensitives like realty and auto in anticipation of rolling back of some liquidity tightening measures by the Reserve Bank of India Governor Raghuram Rajan on Friday at the mid-quarter review of monetary policy 2013-14

The Nifty posted highest close since May 30 and hit a 3.5-month high. The index closed at 6,107.85, up 208.40 points or 3.53 per cent. It touched a high of 6,142.50 and a low of 6,040.15 in trade today.

The BSE Sensex rallied over 700 points to touch its highest level in 34-months. The S&P BSE Sensex ended at 20,625.55, up 663.39 points or 3.32 per cent for the first time since November 10. It touched a high of 20,739.69 and a low of 20,347.30 in trade today.

The S&P BSE Midcap Index was up 2.22 per cent and the S&P BSE Smallcap Index was 1.15 per cent higher.

The S&P BSE Bankex surged 6.81 per cent, the S&P BSE Realty Index was 5.32 per cent higher, the S&P BSE Capital Goods Index advanced 4.71 per cent and the S&P BSE Metal Index gained 3.62 per cent.

The S&P BSE IT index closed 0.42 per cent lower.

SBIBSE 8.07 % (8.32 per cent), Tata SteelBSE 6.96 % (7.17 per cent), Tata PowerBSE 6.48 %(6.48 per cent), ICICI BankBSE 6.55 % (6.55 per cent) and Tata Power (6.48 per cent) were among the top Sensex gainers.

WiproBSE -1.87 % (1.87 per cent), InfosysBSE 0.12 % (0.15 per cent) and Coal IndiaBSE -0.03 %(0.03 per cent) were the only index losers.

The market breadth was positive on the BSE with 1,427 gainers against 998 losers.

The foreign institutional investors bought shares worth Rs 580.13 crore while domestic institutional investors were net sellers worth Rs 508.41 crore on Wednesday as per the provisional data from the National Stock Exchange.

(All figures are provisional)

(Source: economictimes.indiatimes.com)

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