Friday close: Sensex ends 230 points up
The Sensex, which commenced the day lower at 9,631.59, shot up in volatile trade to regain 10,065.37 in the mid-session, but ended at 9,964.29 with a gain of 230.07 points.business Updated: Nov 07, 2008 16:55 IST
Amid volatile trading, the Bombay Stock Exchange benchmark Sensex on Friday closed higher by over 230 points - still below 10,000 points level - on emergence of buying by funds in heavyweight stocks led by Reliance Industries and select power segment stocks.
The Sensex, which commenced the day lower at 9,631.59, shot up in volatile trade to regain 10,065.37 in the mid-session, but ended at 9,964.29 with a gain of 230.07 points.
A firm opening for the European stock markets also helped the upsurge to some extent.
The National Stock Exchange's 50-share benchmark index Nifty rose by 90.35 points at 2,973.00, after touching the day's high of 3,010.00, as most of the heavyweight stocks recorded handsome gains.
Reliance Industries, the Sensex-heaviest, surged by Rs 46.30 at Rs 1,217.85. The scrip rose to Rs 1,239 and a low of Rs 1,152 during the day.
Oil and gas sector index gained the most by 196.63 at 6,013.57 followed by metal sector index by 158.89 points at 5,152.33.
Capital goods index rose by 121.27 points at 7,635.41 as stocks like Reliance Industrial Infrastructure, Larsen and Toubro, Suzlon, BHEL and Bharat Elect recorded fresh gains.
Bank index rose by 90.39 points at 5,532.15 on the back of a rise in the stocks of State Bank of India, Bank of India, HDFC Bank, Canara Bank and Punjab National Bank.
PSU sector index rose by 145.11 points at 4,965.80, Power index by 75.34 points at 1,777.57, Realty index by 62.14 points at 2,342.82, Teck index by 44.11 points at 2,085.84, FMCG index by 42.79 points at 1,968.70, Information Technology index by 52.74 points at 2,670.54, Consumer Durable by 2,094.87, Healthcare index by 15.76 points at 2,937.11 and Auto index by 13.31 points at 2,661.53.
With the smart recovery, midcap index rose by 36.97 points at 3,355.38 and smallcap index by 19.83 points at 3,900.10.