Mumbai, Aug 11 IANS | 2 months ago

A benchmark index of Indian equities markets Monday closed trading 190.10 points or 0.75 percent up as auto stocks surged.

Good buying was observed in auto, capital goods and banking sectors, while selling pressure was seen in fast moving consumer goods (FMCG) sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,476.87 points, closed at 25,519.24 points, up 190.10 points or 0.75 percent from the previous day's close at 25,329.14 points.

The Sensex touched a high of 25,553.44 points and a low of 25,437.05 points in intra-trade.

The S&P BSE auto index gained 412.37 points, capital goods index got augmented by 125.24 points, and bankex went up by 93.39 points. However, FMCG index dropped by 28.89 points.

Snapping a three-day losing streak, the wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed trading 57.40 points or 0.76 percent up at 7,625.95 points.

"We like auto, PSU banks and cement stocks with a short term to medium term purpose. Crude prices are falling which is grossly bullish especially for the Indian markets and that will help the oil and gas sector. Our Indian currency remained above the mark of 61, which is certainly not positive in the short term as it indicates at geopolitical tension or weak domestic cues. Tomorrow, in the first half, the market may wait for WPI and IIP numbers," Shrikant Chouhan, head-technical research, Kotak Securities said.

The major Sensex gainers were: Mahindra & Mahindra, up 6.45 percent at Rs.1,308.40; Tata Motors, up 3.33 percent at Rs.447.40; HDFC, up 3.16 percent at Rs.1,058.70; SSTL, up 2.72 percent at Rs.275.80; Infosys, up 2.67 percent at Rs.3,573.25; and Maruti Suzuki, up 1.77 percent at Rs.2,664.80.

The losers were: Gail India, down 4.34 percent at Rs.390.15; Dr Reddy's Lab, down 2.19 percent at Rs.2,719.65; and NTPC, down 1.59 percent at Rs.135.80.

Among the Asian markets, Japan's Nikkei went up by 2.38 percent, Hong Kong's Hang Seng was 1.29 percent points higher and China's Shanghai Composite Index, gained 1.38 percent.

In Europe, London's FTSE 100 was up by 0.80 percent, Germany's DAX Index gained 1.58 percent and France's CAC 40 was 0.78 percent higher.

(Posted on 11-08-2014)

Share This Page:

Post your comments

Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal


Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |


Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |


Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |


Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |