HindustanTimes Thu,18 Dec 2014

Sensex up 183 pts; ends at 15-mth high on strong rupee

PTI  Mumbai, September 28, 2012
First Published: 09:54 IST(28/9/2012) | Last Updated: 17:30 IST(28/9/2012)

The BSE benchmark Sensex today jumped by 183 points to end at a 15-month high on buying in auto, FMCG and metal stocks amid strong global cues and a surging rupee.


After gaining 269 points at the outset, the Sensex closed up 183.24 points, or 0.99 per cent, at 18,762.74, a level last seen on July 7. The 30-share barometer has gained 8.2 per cent this month.

The broad-based National Stock Exchange index Nifty climbed to psychological 5,700 level by adding 53.80 points, to end at 5,703.30. It touched the day's high of 5,735.15.

A firming global trend and the rupee rising to five-month high against the dollar helped the market commence the new settlement in the derivatives segment on a promising note.

Brokers said the sentiment bolstered on sustained foreign funds inflow amid expectation that the government’s policy reforms will revive investments and economic growth.

The Sensex has risen 4.7 per cent since September 13 when the government hiked diesel prices and opened retail and aviation sectors to foreign direct investments.

There were more supporting factors like firm foreign markets on optimism Spanish and French measures to reduce budget deficits might help in resolving the region’s debt crisis, brokers said.

In 30-BSE index components, 25 stocks closed with gains. Reliance Industries, HDFC Ltd, Hindustan Unilever, ITC, Maruti Suzuki, Mahindra and Mahindra and Tata Motors were among the major gainers.

The current rally was led by auto, consumer durables and FMCG stocks.

The auto sector index gained the most by 1.89 per cent to 10,413.19 followed by consumer durables by 1.63 per cent to 6,939.84. FMCG index rose by 1.42 per cent to 5,507.46.



more from Business

SpiceJet resumes operation, pays cash to buy jet fuel

Troubled airline SpiceJet resumed operations on Wednesday after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs 3 crore last evening to buy jet fuel.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved