Advertisement

HindustanTimes Sun,20 Apr 2014

Sensex up 22 pts on select buying at lower levels

PTI  Mumbai, April 10, 2012
First Published: 10:21 IST(10/4/2012) | Last Updated: 16:57 IST(10/4/2012)

In a range-bound trading, the BSE benchmark Sensex today edged up 22 points on selective buying at lower levels, led by banking stocks.

Advertisement

The BSE 30-scrip Sensex moved between 17,274.69 and 17,135.76 before ending 21.70 points, or 0.13%, up at 17,243.84.

The NSE 50-scrip index Nifty improved 9.20 points, or 0.18 per ent, to 5,243.60.

Brokers said investors picked up recently battered banking and auto sector stocks, while gas company lost ground on fears of cut in tariffs.

Banking stocks, which had lost nearly 3% in the last two trading sessions, were in demand at lower levels, led by SBI and Axis Bank.

Shares of gas companies nosedived following reports that Petroleum and Natural Gas Regulatory Board has directed to cut gas tariffs.

They said reports of a weakening trend in global markets also influenced the market sentiment as investors adopted a cautious approach.

In the broader-market, Indraprashtha Gas plunged 33.66 % to Rs. 229.80, Gujarat Gas - 14.94% to Rs. 341.95 and GAIL by 1.82% to Rs. 356.55.

Advertisement
more from Business

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved