Sensex holds on to gains, up 260 points
Around 12.40 pm, the 30-scrip benchmark index of the Bombay Stock Exchange, the Sensex, which opened lower at 13,549.42 points, was at 13,661 points - 260.68 points or 1.95 per cent higher than Monday's closing figure.business Updated: Jul 14, 2009 15:19 IST
Buoyed by positive cues from other Asian bourses, a key index of the Indian equities markets was holding on to early morning gains on Tuesday afternoon, and was ruling 260 points above its last closing figure.
Around 12.40 pm, the 30-scrip benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened lower at 13,549.42 points, was at 13,661 points - 260.68 points or 1.95 percent higher than Monday's closing figure.
Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was ruling in the green, 1.93 per cent up at 4,051 points.
Broader market indices were doing better with the BSE midcap index trading 2.99 per cent higher and the BSE smallcap index moving up 3.14 per cent.
All 13 sectoral indices on the BSE were ruling in the positive terrain, with those for realty, metal and consumer durables stocks gaining the most.
The market breadth was positive, with 1,727 stocks rising compared to 618 declining. Sixty-eight remained unchanged.
Among other prominent gainers on the Sensex at this time were Reliance Infra, up 7.15 per cent at Rs 1,035.75; DLF, up 6 per cent at Rs 285.45; ICICI Bank, up 4.91 per cent at Rs.662.80; and Tata Steel, up 4.69 per cent at Rs.354.80.
There were only three losers on the Sensex: Hero Honda, down 0.33 per cent at Rs 1,393.50; Hindustan Unilever, down 0.3 per cent at Rs.262.40; and ITC, down 0.05 per cent at Rs.210.50.
In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange, closed Tuesday's trading at 9,261.81 points, up 211.48 points.
The Hang Seng, the primary index of the Hong Kong Stock Exchange, was ruling at 17,768.81 points, up 514.18 points.