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Sensex ends in green, up by 56.96 points

Posted on Nov 22, 09:24PM | UNI

The benchmark Index of the Bombay Stock Exchange (BSE) today ended the session on a positive note, up by 56.96 points, at 18517.34 for the second Straight day led by gains in Realty, Banks and Technology sectors, on back of firm cues from European peers.

The market edged higher in early trade on firm Asian stocks.

The BSE Sensex and the 50-unit S and P CNX Nifty hit nearly one-week high.

The market trimmed gains to hit fresh intraday low in morning trade. Key benchmark indices traded off intraday high in mid-morning trade. The key benchmark indices slipped into the red to hit fresh intraday low in early afternoon trade.

Key benchmark indices regained strength in afternoon trade after Lok Sabha Speaker Meira Kumar rejected Trinamool Congress' (TMC) no-confidence motion against the government on its decision to allow foreign direct investment (FDI) in multi-brand retail sector. The market surged to hit fresh intraday high in mid-afternoon trade. The Sensex trimmed gains after hitting one-week high in late trade.

The Nifty of the National Stock Exchange (NSE) moved up by 12.95 points to 5614.80.

The Sensex registered the day's high and low at 18,567.68 and 18,456.20 points respectively.

The Nifty registered the day's high and low at 5,643.35 and 5,608.00 points, respectively.

The BSE Midcap Index was up by 0.32 per cent and the BSE Smallcap Index moved up by 0.39 per cent.

The market breadth, indicating the overall health of the market, was strong. On BSE, 1,426 shares rose and 1,369 shares fell. A total of 147 shares were unchanged.

From the 30-share Sensex pack, 20 stocks rose while the rest of them fell.

The turnover on BSE amounted to Rs 1923 crore, slightly lower than Rs 1945 crore on Wednesday.

Asian stocks gained today as a preliminary survey showed China's manufacturing is poised to expand this month. Key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, Taiwan and South Korea rose between 0.24 percent to 1.56 percent. But, China's Shanghai Composite fell 0.72 percent, European stocks edged higher today, after a Chinese manufacturing survey showed factory activity picked up in November in the world's second biggest economy after contracting for 13 straight months. Key benchmark indices in France, Germany and UK rose between 0.38 percent to 0.77 percent.