Sensex closes 81 pts up
BSE's Sensex extended gains for the fourth day today rising by 81 points on buying by funds influenced by a better-than-estimated economic growth for 2009-10 fiscal.business Updated: May 31, 2010 17:18 IST
BSE's Sensex extended gains for the fourth day today rising by 81 points on buying by funds influenced by a better-than-estimated economic growth for 2009-10 fiscal. The Sensex, which had gained 841 points in the last three trading sessions, advanced further by 81.57 points to 16,944.63 points.
Among 30 index stocks, 19 closed with gains. Similarly, the wide-based National Stock Exchange index Nifty rose by 19.75 points to 5,086.30, after moving between 5,097.60 and 5,038.55.
The economy grew by a better-than-estimated 7.4 per cent in 2009-10 on the back of double digit expansion in manufacturing sector, according to the official data released today.
A mixed trend in the Asian region also influenced the trading sentiment to some extent, brokers said. Key indices in South Korea, Singapore, Japan and Taiwan finished higher by up to 2.10 per cent.
PSU, auto, healthcare and oil &gas stocks were the major gainers of the day pushing up the sectoral indices by 1.66 per cent to 2.70 per cent.
Mahindra and Mahindra, a vehicle and tractor maker, spurted by 5.03 per cent to Rs 572.45 after saying it's interested in bidding for South Korea's Ssangyong Motor. Market leader Reliance Industries gained 1.08 per cent to Rs 1,045.05.