Advertisement

HindustanTimes Fri,19 Sep 2014

Sensex ends 38 pts higher amid expiry of derivative contracts

PTI  Mumbai, September 26, 2013
First Published: 10:15 IST(26/9/2013) | Last Updated: 17:08 IST(26/9/2013)

The BSE benchmark Sensex on Thursday ended 37.61 points higher at 19,893.85 on the back of gains in ITC, HDFC, Sun Pharma and BHEL shares amid investors squaring off their pending positions on expiry of monthly derivatives.

Advertisement

Brokers said stocks also got support from the RBI's assurances that the central bank would take measures to provide adequate liquidity in the banking system.

The 30-share Sensex, which had gained 63 points in the previous session, added 37.61 points, or 0.19 per cent to 19,893.85, after moving between 19,997.28 and 19,826.99.

The 50-scrip National Stock Exchange index Nifty advanced 8.40 points, or 0.14 per cent to 5,882.25. It shuttled between 5,917.65 and 5,864.10 during the session.

Also, SX40 index, the flagship index of MCX-SX, closed almost flat at 11,779.16.

"Being the expiry day for the derivatives segment, more volatility was expected. It seems that the markets have calmed down and stabilised after the heavy volatility we witnessed last week. The rupee also stayed range-bound, appreciating slightly to the 62 mark," said Raghu Kumar, co-founder of brokerage firm RKSV.

A firming Asian trend and lower opening in Europe ahead of U.S. jobless claims, also influenced the trading sentiment in domestic markets to some extent, traders said.

In Sensex, the major support came from Sun Pharma that surged to an all-time high of Rs. 586.80 and closed at Rs. 583.50 on hopes of higher sales of a key cancer drug following reports the drug would likely to be in short supply soon.

Sensex heavyweight ITC rose by 1.23 per cent to Rs. 349.30 and power equipment major BHEL by 7.39 per cent to Rs. 151.90.

Overall, 15 stocks in Sensex climbed while 15 other declined. Sectorally, the BSE Healthcare sector index gained the most by rising 0.83 per cent, followed by Power index by 0.82 per cent. Bucking the trend, the stocks of oil and gas, consumer durables, realty, IT sectors ended with losses.


Advertisement
more from Business

Infosys partners Huawei; extends pact with Microsoft, Hitachi

India's second largest software services firm Infosys on Thursday said it has partnered China's Huawei Technologies to offer enterprise cloud, big data and communication solutions.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved