Sensex 180 points up, all sectoral indices in the green
A benchmark index for Indian equities was trading 180 points higher in the afternoon on the back of strong Asian cues and buying of banking, realty and metal stocks.business Updated: Aug 02, 2010 13:35 IST
A benchmark index for Indian equities was trading 180 points higher on Monday afternoon on the back of strong Asian cues and buying of banking, realty and metal stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,911.31 points, was trading at 18,049.09 points, 180.8 points or 1.01 per cent up from its previous close at 17,868.29 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling 1.04 per cent up at 5,423.45 points.
Broader markets indices were also in the green with the BSE midcap index 0.91 per cent up and the BSE smallcap index trading 1.07 per cent higher.
Banking, consumer durables, realty and metal stocks were among the major gainers. All 13 sectoral indices on the BSE were in the positive.
The market breadth was positive, with 1,867 scrips advancing, compared to 934 stocks declining, and 69 remaining unchanged.
The mood was upbeat in other Asian markets backed by robust corporate earnings results.
The Japanese Nikkei closed 0.35 per cent higher at 9,570.31 points, while Hong Kong's Hang Seng was up 1.48 per cent at 21,341.18 points.
The Chinese Shanghai Composite index was trading 1.27 per cent higher at 2,671.06 points.