Sensex climbs 171 points on positive global cues | business | Hindustan Times
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Sensex climbs 171 points on positive global cues

business Updated: Dec 21, 2010 17:02 IST

A benchmark index of Indian equities closed 171 points higher on Tuesday on renewed buying support in banking and realty stocks, taking cues from the rally in global markets.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive at 19,925.76 points, ended at 20,060.32 points, up 0.86 % or 171.44 points.

The Sensex touched a high of 20,090.84 points and low of 19,925.76 points in intra-day trading.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty flirted with the psychologically important 6,000 points mark. The Nifty settled at 6,000.65 points, up 0.90 % or 53.60 points.

Most sectoral indices also closed in the positive, with the BSE Bankex rising 2.34 % and the BSE Metal index surging nearly three %.

The BSE Midcap index closed 0.79 % higher and the BSE Smallcap moved up nearly one %.

There was strong buying support in metal and banking stocks. Sterlite Inds surged nearly five %. Hindalco Inds, up 4.45 % at Rs.233.55; ICICI Bank, up 3.56 % higher at Rs.1,138.55; DLF, up 1.97 % at Rs.284.90 and SBI, up 1.48 % at Rs.2,743.60 were among the major gainers at the Sensex.

Hero Honda retreated 0.77 % to Rs.1,966 after surging nearly 18 % on Monday.

Bharti Airtel, down 0.67 % at Rs.332.85; Infosys, down 0.65 % at Rs.3,329.25; NTPC, down 0.60 % at Rs.191.75 and TCS, down 0.59 % at Rs.1,159.40 were among the major losers at the Sensex.

Markets across the world rallied on the easing European debt crisis.

The Shanghai Composite Index advanced 1.79 % to 2,904.11 points and Hong Kong's Hang Seng closed 1.57 % up at 22,993.90 points.

The Japanese Nikkei settled 1.51 % higher at 10,370.50 points.

All European markets were also in the positive. Around mid-day, Britain's FTSE 100 was ruling 0.73 % higher at 5,934.46 points, and the German DAX 0.55 % up at 7,056.87 points.

The French CAC 40 was ruling 0.56 % higher at 3,910.11 points.