Sensex gains 116 points; consumer durables stocks rise
The benchmark BSE Sensex dipped below the 27000-level by falling over 166 points in early trade on Monday as funds and retail investors engaged in reducing positions amid a weak trend on other Asian bourses.business Updated: Sep 22, 2014 17:45 IST
A benchmark index of Indian equities markets recovered after posting initial losses and closed more than 100 points (provisional) up in volatile trade Monday.
The session, in which the market initially lost around 171 points, saw metal, healthcare and capital goods stocks lose. However, consumer durables, automobile, fast moving consumer goods (FMCG) and oil and gas scrip gained.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,008.12 points, closed trade at 27,206.74 points, up 116.32 or 0.43% from the previous day's close at 27,090.42 points.
The Sensex touched a high of 27,254.80 points and a low of 26,918.93 points in intra-trade.
The S&P BSE metal index lost 148.78 points, healthcare index was down by 125.22 points and capital goods index fell 29.97 points.
However, consumer durables index gained 299.12 points, automobile index increased by 198.33 points, FMCG index was up 141.85 points and oil and gas index moved up by 96.43 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) too ended in positive territory. It was up 24.85 points or 0.31% at 8,146.30 points.
Major Sensex gainers included Tata Motors, up 3.93% at Rs. 539.40; ONGC, up 3.48% at Rs. 419.10; ITC, up 3.12% at Rs. 370.65; Hero MotoCorp, up 1.65% at Rs. 2,999.80; and State Bank of India (SBI), up 1.30% at Rs. 2,601.95.
Major Sensex losers included Cipla, down 2.27% at Rs. 613.55; BHEL, down 2.09% at Rs. 222.10; Tata Steel, down 1.86% at Rs. 500.90; Hindalco Inds, down at 1.37% at Rs. 162.05; and Infosys, down 1.36% at Rs. 3,650.95.
In Asian markets, Japan's Nikkei lost 0.71% and China's Shanghai Composite was down 1.70%. Hong Kong's Hang Seng closed 1.44% lower.
In Europe, London's FTSE 100 decreased by 0.72%, Germany's DAX Index was down 0.03%. France's CAC 40 was lower by 0.08%.