Advertisement

HindustanTimes Sat,23 Aug 2014

Sensex back in positive terrain; ends 21 pts higher

PTI  Mumbai, September 25, 2012
First Published: 10:14 IST(25/9/2012) | Last Updated: 16:38 IST(25/9/2012)

The BSE benchmark Sensex on Tuesday ended over 21 points higher on some buying in fundamentally strong stocks as investors remained hopeful of more reform measures by the government to boost the economy.

Advertisement

The Sensex, which had lost 79 points in the previous session, recovered by 21.07 points, or 0.11%, at 18,694.41.

Of 30 Sensex stocks, 12 gained while 18 closed lower. The BSE smallcap index rose by 0.53% to 6,903.15 and mid-cap index by 0.46% to 6,483.49.

Brokers said investors remained confident of government giving a further push to economic reforms, particularly after the Cabinet yesterday approved Rs. 1.9 lakh crore debt restructuring of state electricity boards.

Power sector stocks, led by Torrent Power, ended with gains. Torrent rose by 1.78% to Rs. 171.10, Adani Power was up 1.09% and Reliance Power 0.94%.

Brokers said mild profit-booking trimmed the gains but markets more or less were in buoyant mode.

The broad-based National Stock Exchange index Nifty rose by 4.30 points, or 0.08% to 5,673.90 led by stocks of realty and FMCG.


Advertisement
more from Business

Goldman Sachs in deal worth $1.2bn over US bond claims

The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with the Wall Street powerhouse. Goldman Sachs sold the securities to the companies between 2005 and 2007.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved