Sensex closes 21 points higher; Infosys down over 2%

  • PTI, Mumbai
  • Updated: Dec 23, 2013 16:51 IST

After rising nearly 130 points, the benchmark Sensex on Monday closed with a slender gain of 21.31 points on late selling in bluechips including Infosys, HDFC and TCS despite a firm trend in the global markets.

In volatile trade, the BSE Sensex rose to day's high of 1,207.89 but frittered away most gains to end at 21,101.03, a rise of 21.31 points, or 0.10%. The gauge had surged 371.10 points on Friday.

Twenty one constituents, including ITC, ICICI Bank and ONGC, rose in the 30-share index. However, Infosys that fell 2.3%, HDFC (1.2% down) and TCS (0.5% down) accounted for nearly 90-point drop in Sensex.

Brokers said apart from profit-booking at higher levels, RBI governor Raghuram Rajan's comment that nobody should doubt the central bank's desire to fight inflation, also led to selling.

The 50-share NSE index Nifty closed 10.25 points up, or 0.16%, at 6,284.50. Also, SX40 index, the flagship index of MCX-SX, closed 33.67 points up at 12,559.21.

Sectorally, the BSE Realty sector index gained the most today by rising 3.16%, followed by Metal index (1.52%), Capital goods index (1.30%) and Power index (0.93%).

However, BSE IT and TECK fell. "Infosys saw a sentimental impact after the company announced the exit another senior management personnel. IT stocks are trading in overbought zone and a correction in the near term can't be ruled out," said Milan Bavishi, Head Research, Inventure Growth and Securities.

In broader markets, United Spirits fell over 3% after after a court last week ordered the annulment of sale of United Breweries Holdings' (UBHL) stake in United Spirits to Diageo.

Globally, major Asian markets closed higher. European indices were also trading higher in early trades.

From Around the Web
Sponsored by Revcontent

also read

Sitharaman wants startups to give wishlist for policy support
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome