Sensex at fresh one-month high; Wipro, Bajaj top gainers
The BSE benchmark Sensex gained 41 points on Tuesday to settle at a fresh one-month high of 20,852.47 on buying in IT, capital goods and FMCG stocks, extending the winning streak to the third day.business Updated: Feb 25, 2014 19:00 IST
The BSE benchmark Sensex gained 41 points on Tuesday to settle at a fresh one-month high of 20,852.47 on buying in IT, capital goods and FMCG stocks, extending the winning streak to the third day.
IT major Wipro was the biggest Sensex gainer at 2.95 %, followed by Bajaj Auto at 2.14 %.
IT stocks were in demand with Infosys trading near its all-time high level of Rs 3,782 apiece, traders said.
Markets may remain volatile in the coming few days ahead of Futures and Options expiry on Thursday, they said.
After resuming higher, the Sensex touched day's high of 20,912.54 but settled at 20,852.47, a rise of 41.03 points from its last close. It has gained 315.83 points or 1.54 % in the last three trading days.
The 50-share Nifty on NSE also firmed up by 13.95 points or 0.23 % to finish at 6,200.05.
BHEL at 1.92 %, Cipla 1.90 at %, Bharti Airtel at 1.57 % Hindalco Industries and 1.39 % were some other big Sensex gainers.
Among the sectoral indices, consumer durables was the top gainer, up by 2.98 %, followed by IT and Technology, up by more than 0.80 % each. Auto and capital goods were up by over half a perc ent each. Metal was the top loser, down by 1.85 %.
Jignesh Chaudhary, Head of Research, Veracity Broking Services, said it was a mixed day of trading which started on a positive note, but slipped to to the negative terrain. It recovered from day's low to close on a positive note towards the end of the trading session.
"There was selling pressure ahead of the expiry which created some stress," he added.
Of the 30-share Sensex, 15 finished lower, while 14 ended higher. ONGC ruled steady.
SSLT fell by 2.26 %, Coal India 2.26 %, Tata Steel 2.25 %, Tata Power 2.06 %, Gail India 1.50 % and NTPC 1.07 %.
Market breadth turned lower as 1,341 finished lower, 1,317 ended higher and 162 ruled steady. The market turnover fell to Rs 1,846.94 crores from Rs 1,903.67 crores on Monday.
Foreign institutional investors (FIIs) bought shares worth a net Rs 266.87 crore yesterday, as per provisional data available with stock exchanges.
Asian stocks showed a mixed trend. Key indices in Japan, Taiwan and South Korea firmed up by 0.18-1.44 %, while Chinese stocks fell by 2.04 %. Indices in Hong Kong and Singapore eased by 0.05-0.32 %.
European markets were trading lower. Key benchmark indices in the UK, Germany and France declined by 0.48-0.56 %.