Sensex up 33 pts; HDFC, Sesa Sterlite among big gainers
In volatile trade, the benchmark BSE Sensex on Friday rose by 33 points to close the day at 27,241.78, mainly helped by gains in HDFC, Sesa Sterlite, Infosys and TCS, amidst lack of fresh market cues.business Updated: Dec 26, 2014 18:26 IST
In volatile trade, the benchmark BSE Sensex on Friday rose by 33 points to close the day at 27,241.78, mainly helped by gains in HDFC, Sesa Sterlite, Infosys and TCS, amidst lack of fresh market cues.
The BSE index resumed higher on beginning of January series in the derivatives segment. It gradually started to slip due to foreign capital outflows. Later, it wiped off losses completely and settled the day at 27,241.78, a rise of 33.17 points or 0.12%, breaking two days of losses.
In previous two sessions, Sensex had shed 493.18 points.
The 50-share NSE Nifty after falling to the day's low of 8,147.95 staged a strong comeback to regain the 8,200-mark to close at 8,200.70, up 26.60 points from its previous close.
"Lack of market cues both globally and domestically and liquidity drench owing to festive season in the West kept markets sideways for the day," said Rakesh Goyal, Senior vice president, Bonanza Portfolio.
The first day of new monthly derivatives contract attracted buying in IT, realty and metal counters which aided the Sensex to land in positive terrain at close, brokers said.
European markets and from some Asian bourse remained closed for trade on account of Christmas holidays.
Brokers said they expect fresh foreign funds to flow after on-going Christmas holidays and in the next calender year. Investors refused to take big risks ahead of the year-end holidays, they added.
Foreign portfolio investors sold shares worth a net Rs 2,808.27 crores on Wednesday, as per provisional data.
Major gainers were HDFC 1.18 per cent, Sesa Sterlite 1 per cent, TCS 0.98 per cent, Infosys 0.83 per cent, Hindalco 0.83 per cent
"Stock specific move kept traders busy while the market breadth remained slightly on the advancing side. In line with the benchmark index, majority of sectoral indices ended flat to marginally in green in the end," said Jayant Manglik, President, Retail Distribution, Religare Securities.
Among BSE sectoral indices, realty rose by 0.93%, IT 0.85% and metal 0.58%.
In a low trading volume, 15 out of 30 Sensex scrips.
In a low trading volume, 15 out of 30 Sensex scrips closed with gains, while others finished with losses.
Maruti Suzuki declined by 1.31%, BHEL 1.26%, ITC 1.14%, HUL 0.77% and ICICI Bank 0.61%.
The total market breadth was equal as 1,418 stocks ended in the green while others 1,418 finished in the red. The total turnover dropped to Rs 1,962.64 crore from Rs 2,552.83 crore on Thursday.
In Asia, key indices from China, Japan, Singapore, South Korea and Taiwan finished higher 0.06-2.77%. Hong Kong market was closed on Friday.