Sensex ends in green first time after 8 trading sessions
The S&P BSE benchmark Sensex trimmed initial gains but was still trading higher by 14 points in late morning trade today on buying in IT, FMCG, healthcare amid mixed Asian trends.business Updated: Aug 05, 2013 22:30 IST
The Sensex closed in positive territory after eight straight days of losses. The index on Monday gained 18 points in volatile trade, led by healthy buying in metal, bank and information technology (IT) stocks.
The 30-scrip sensitive index of the S&P Bombay Stock Exchange (BSE) had lost 5.6% in the previous eight sessions.
Sentiments were low following the Reserve Bank of India's (RBI) measures in mitigating the fall in rupee's value which is range-bound around Rs 60 per dollar.
There were also concerns about the government's ability to get key legislative reforms in pension and insurance sector passed during the current monsoon session.
Scrips of metal, bank, information technology (IT), fast moving consumer goods (FMCG) and public sector undertakings (PSU) gained, while that of capital goods, consumer durables, automobile, healthcare and power sectors saw heavy selling.
Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 19,178.06 points, closed at 19,182.26 points, up 18.24 points or 0.10% from the previous day's close at 19,164.02 points.
It touched a high of 19,306.51 points and a low of 19,141.68 points intra-day.
The S&P BSE metal index gained by 174.06 points, followed by bank index which increased by 110.30 points, IT index gained by 67.57 points, FMCG index closed Monday's trade up 38.65 points and PSU index was higher by 31.36 points.
However, capital goods index closed Monday's trade down by 287.02 points, followed by consumer durables index down 46.88 points, automobile index was down 46.37 points, healthcare index was down 43.11 points and power index was lower by 14.46 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed Monday's trade down 7.50 points or 0.13% at 5,685.40 points.
The major Sensex gainers were: Jindal Steel, up 7.73% at Rs 201.35; Sterlite Inds, up 4.15% at Rs 75.30; NTPC, up 3.81% at Rs 134.90; Coal India, up 3.36% at Rs 263.10; and Hero MotoCorp, up 3.16% at Rs 1,853.45.
The main losers were: BHEL, down 19.08% at Rs 120.90; Bharti Airtel, down 2.35% at Rs 336.60; Tata Motors, down 2.01% at Rs 284.60; Larsen and Toubro (L&T), down 1.98% at Rs 813.80; and Bajaj Auto, down 1.76% at Rs 1,874.80.
Among the Asian markets, Japan's Nikkei declined 1.44%; Hong Kong's Hang Seng was up by 0.14% and China's Shanghai Composite Index was marginally down by 1.04%.
In Europe, London's FTSE 100 was trading 0.15% up. Germany's DAX Index was down 0.02% and the French CAC 40 Index was up 0.20%.