Sensex rises 40 points to end at two-week high

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: Nov 19, 2013 18:41 IST

In choppy trade, the benchmarkSensex on Tuesday climbed for the third straight day and ended 40.08 points higher at a nearly two-week high buoyed by gains in Infosys, SBI and Maruti Suzuki shares, amid sustained strength in the rupee against US dollar.

After gaining 656 points in previous two sessions, the Sensex gained 40.08 points, or 0.19 %, to end at 20,890.82 led by stocks of realty, capital goods and banking sectors. The index closed at 20,894.94 on November 6.

In the 30-scrip Sensex, Hindalco and Jindal Steel led the 14 gainers. SBI and Maruti gained over 3 % each. 15 counters led by Sesa-Sterlite, HDFC Bank and Coal India declined. Tata Power ended flat.

On similar lines, the broad-based National Stock Exchange index Nifty rose by 14.35 points, or 0.23 %, to close at 6,203.35, after touching 6,212.40 intra-day. Also, SX-40 index of MCX-SX closed 34.80 points up at 12,401.4.

Brokers said steady capital inflows as rupee strengthened against the dollar and reports of higher earnings by some bluechips, mainly helped the domestic market extend gains.

The rupee appreciated to touch 61.87 versus dollar intra-day. Globally, the US dollar traded weak against major rivals ahead of Fed chief Ben Bernanke's speech at National Economists Club in Washington later today.

Analysts hope Bernanke would speak in favour of keeping the USD 85 billion a month stimulus intact like New York Fed chief William Dudley and Federal Reserve chief nominee Janet Yellen did recently. Also, the release of FOMC minutes is expected on Wednesday.

Sectorally, the BSE Realty sector index gained the most by rising 1.51 %, followed by Capital goods index (up 1.28 %), TECK index (0.46 %) and Banking index (0.35 %). IT index gained 0.28 per cent on Infosys scrip gaining 1.3 %.

From Around the Web
Sponsored by Revcontent

also read

India’s economic reforms wrote the epitaph for these seven brands
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