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Sensex surges by 116 pts at closing

The Sensex closes at 14,411.95 after touching the day's high of 14,449.38.

business Updated: Jun 20, 2007 16:34 IST

The Bombay Stock Exchange (BSE) benchmark Sensex on Wednesday jumped by another 116.45 points in a choppy trade, extending its gains to second straight session.

Foreign Institutional Investors (FIIs) and domestic funds were believed to be heavy buyers in the Cash as well as the Futures and Options segment.

A firm Asian cues had a sentimental impact on the market.

After moving in a range of 14,449.38 and 14,347.58, the BSE barometer ended at 14,411.95, a rise of 0.81 per cent over yesterday's close of 14,295.50.

The Sensex has gained 331.81 points or 2.36 per cent in two days from Monday's close of 14,080.14.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) also advanced further by 34.35 points or 0.82 per cent to close at 4,248.65 from previous close of 4,214.30.

Shares of SBI, L&T, BHEL, Bharti Airtel, HDFC, Grasim and Maruti Udyog were among the prominent gainers at close.

On the BSE, sectors like Auto, Bankex, Consumer Durables, Capital Goods and Metals attracted brisk activity with their respective indices ending with sharp gains.

Operators and retail investors too made fresh commitments in several counters.

The Securities and Exchange Board of India's (SEBI) action against 15 brokers and 10 other entities for their involvement in manipulations in the Futures and Options (F&O) segment on the NSE, however, failed to have any adverse impact on the market sentiment.

First Published: Jun 20, 2007 16:31 IST