Sensex snaps 3-day losing streak; up 22.44 points led by RIL, ONGC
Rising for the first time in four days, the BSE benchmark Sensex today gained 22.44 points buoyed by gains in bluechips RIL, ONGC and Sun Pharma.business Updated: Jun 05, 2013 16:38 IST
Rising for the first time in four days, the BSE benchmark Sensex on Wednesday gained 22.44 points buoyed by gains in bluechips RIL, ONGC and Sun Pharma.
The 30-share index rose by 22.44 points, or 0.11 %, to 19,568.22. It had lost 670 points in the last three sessions.
Similarly, the broad-based National Stock Exchange index Nifty closed higher by 4.40 points, or 0.07 %, at 5,923.85.
Also, MCX-SX flagship index, SX40, ended up by 5.77 points, or 0.05 %, at 11,615.84.
Brokers said investors bought fundamentally strong stocks such as Reliance Industries, Sun Pharma and Larsen and Toubro at prevailing lower levels following three days of losses.
While Reliance Industries, a heavy-weight on Sensex climbed 2.56 % to Rs 800.55 ahead of its annual general meeting, Sun Pharma rose 1.91 % to Rs 1,038.30 after Sweden's Meda denied reports of stake sale.
ONGC gained 1.95 % to Rs 324.55.
Meanwhile, Just Dial today made a smart debut on the bourses, listing with a gain of 12.61 % at Rs 611.45, after touching a high of 19 % against its issue price of Rs 530.
Out of the 30 BSE shares, 18 stocks were up led by RIL, ONGC and Sun Pharma, while IT majors Wipro and Infosys were the biggest losers falling 1.59 % and 1.32 %, respectively.
Sectorally, the oil and gas sector index rose the most by 1.77 % to 8,626.47 followed by realty and metal sector indices.