Sensex closes 143 points up; realty, banks rally
A benchmark index for Indian equities today climbed 143 points, backed by gains in realty, banks and metal stocks. BSE Sensex closed 0.79 per cent or 143.51 points higher at 18,287.50 points.business Updated: Aug 09, 2010 17:39 IST
A benchmark index for Indian equities on Monday climbed 143 points, backed by gains in realty, banks and metal stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), closed 0.79 per cent or 143.51 points higher at 18,287.50 points.
At the National Stock Exchange(NSE),the broader 50-share S&P CNX Nifty closed 0.86 per cent or 46.90 points higher at 5,486.15 points.
The market breadth was strong. Out of 3,072 stocks traded on the BSE, 1,958 advanced while 1,002 declined.
Among the gainers on the Sensex were DLF, up 3.97 per cent at 319.80; ICICI Bank, up 3 per cent at 980.45; Tata Motors, up 2.75 per cent at 918.95, Reliance Comm, up 2.46 per cent at 177.10, and ACC, 2.30 per cent at 843.75.
Of the 30 scrips that form Sensex, only three closed in the negative territory. HDFC Bank was down 0.68 per cent at 2,081.15, while RIL closed 0.66 per cent lower at 993.65 and Cipla 0.28 per cent down at 320.70.
Most Asian markets advanced on good corporate earnings outlook. The Chinese Shanghai Composite index closed 0.53 per cent higher at 2,672.53 points. Hong Kong's Hang Seng ended trade 0.57 per cent up at 21,801.60 points.
However, the Japanese Nikkei declined 0.72 per cent to 9,572.49.
Sentiments at the Indian markets turned bullish in late trade with positive opening of European markets.