Sensex ends flat; up 52 pts on firm global trend
The BSE benchmark Sensex climbed about 52 points, led by gains in real estate and consumer durable stocks amid a firm global trend.business Updated: Jul 04, 2011 17:07 IST
The BSE benchmark Sensex climbed about 52 points, led by gains in real estate and consumer durable stocks amid a firm global trend.
The Bombay Stock Exchange key index, Sensex that had snapped a six-day rally by losing 83 points on Friday, rose by 51.68 points to 18,814.48 after European finance ministers authorised a loan payout to Greece and the newly released US data revealed an unexpected rise in factory output last month.
Broad-based National Stock Exchange's 50-share index, Nifty gained 23.30 points to 5,650.50 as stocks in realty, consumer durable and banking sector advanced after foreign institutional investors turned active buyers in emerging markets.
On the BSE, the realty sector index climbed the highest at 3.66%, spurred by the two-week high gains by DLF, which rose by 6.01% to Rs 233.60 a share. On Friday, the industry leader had jumped 4.7% on reports that it may sell its stake in special economic zones to cut debt.
Reliance Infrastructure, the builder of a mass rapid transit system, rallied 6.84% Rs 578.70 while Jaiprakash Associates, a builder of dams, roads and bridges, rose by 1.72% to Rs 82.65.
Consumer durables sector was the second best performer and added 1.99% to 6,732.39 followed by banking index that rose by 1.09%.