Sensex closes at one month high amidst hopes of RBI rate cut
A benchmark index of the Indian equities markets advanced 80 points today, on the back of good buying support in banking, consumer durables and capital goods stocks.business Updated: Apr 22, 2013 16:37 IST
The BSE benchmark Sensex advanced 80 points on Monday, on the back of good buying support in banking, consumer durables and capital goods stocks.
Sensex, which opened in the negative at 18,989.78 points, was trading at 19,096.41 points in late morning session, up 0.42% or 79.95 points from its previous day close at 19,016.46 points and Nifty was trading 0.56% or 32.40 points up at 5,815.50 points.
There was good buying support in consumer durables, banking, capital goods and metal stocks.
The BSE consumer durables index was up 3.18%. The banking index was trading 1.80% higher, capital goods index was up 1.49% and metal index was up 1.23%.
Coal India jumped 4.06% at Rs.311.40. HDFC Bank, up 3.28% at Rs.696.80; L&T, up 2.11% at Rs.1503.85; Hero MotoCorp, up 1.75% at Rs.1,529.00; and Tata Steel, up 1.65% at Rs.304.90 were among the major Sensex gainers.
Wipro tumbled almost 10% on disappointing sales forecast. Wipro was trading 8.45% down at Rs.337.50 in late morning session.
Other major Sensex losers were: Mahindra & Mahindra, down 2.09% at Rs.883.65; Infosys, down 2.05% at Rs.2,248.40; ONGC, down 1.81% at Rs.328.50; and Dr Reddy's Lab, down 1.56% at Rs.1875.