Sensex up 30 points; metals, consumer durables stocks gain
A benchmark index for Indian equities markets Monday closed 30 points higher following healthy buying in metal, consumer durable, capital goods, information technology (IT) and health care stocks.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,574.36 points, closed at 18,537.01 points, up 30.44 points or 0.16 percent from its previous close at 18,506.57 points.
The benchmark index touched a high of 18,590.33 points and low of 18,508.79 points intra-day. The BSE midcap index was up 65.92 points, the smallcap index was higher by 60.29 points.
The wider 50-scrip S and P CNX Nifty of the National Stock Exchange was up 10.55 points or 0.19 percent at 5,637.15 points.
There was healthy buying in metal, consumer durable, capital goods, information technology (IT) and health-care stocks.
The metal index was up 95.91 points, while the consumer durables index edged higher by 89.91 points, followed by capital goods index, up 74.31 points, IT index, up 71.25 points, and healthcare index, up 54.62 points.
However, the bank index was down 39.73 points, while the public sector undertaking (PSU) index closed lower by 38.15 points, followed by auto index down 31.47 points, and oil and gas index down 19.08 points.
Among the gainers were Wipro, higher by 2.50 percent at Rs.375.80; Sterlite Inds, up 2.23 percent at Rs.98.45; Tata Steel, up 1.96 percent at Rs.371.50; Infosys, up 1.71 percent at Rs.2,416.60, and Bharti Airtel, up 1.62 percent at Rs.310.35.
Only 11 of the 30 Sensex scrips were in red.
The major Sensex losers were Mahindra and Mahindra, 3.37 percent lower at Rs.922.00; Sun Pharma, down 1.72 percent at Rs.693.25; BHEL, down 1.40 percent at Rs.221.50; HDFC Bank, down 1.07 percent at Rs.662.35; and Gail India, down 0.81 percent at Rs.337.25.
Among other Asian markets, Japan's Nikkei rose 1.56 percent, but Hong Kong's Hang Seng declined 0.24 percent. China's Shanghai Composite Index was up 0.58 percent.
All major European markets were trading flat. Britain's FTSE 100 was down 0.41 percent, while the German DAX was trading lower by 0.22 percent. The French CAC 40 index was also down 0.67 percent.