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Sensex up by 87.99 points

Posted on Dec 14, 08:09PM | UNI

Snapping the downslide of last five sessions, the benchmark Index of the Bombay Stock Exchange (BSE) rose today by 87.99 points to end in green at 19,317.25 as country's headline inflation eased unexpectedly at 7.24 pc in November 2012 from 7.45 pc in October 2012, The Nifty of National Stock Exchange (NSE), advanced by 28.10 points at 5879.60.

Though, the Sensex fell by 34 points in the opening trade, later it improved and ended firm at 19,317.25 points, edging up by 87.99 points from its last close as inflation based on the wholesale price index (WPI) eased in November 2012, with core inflation reaching 2-1/2-year low.

The index jumped by 119.59 points at the day's high of 19,348.85 during the day.

The Sensex had slipped by 255 points in last five sessions.

Barring Consumer Durable and Power, all the sectoral indices ended in green.

Metal stocks was the star gainer, up by more than two per cent.

Banking, IT, PSU, Auto, Oil and Gas and FMCG also pushed the sensex up.

Index heavyweight and cigarette maker ITC edged higher in volatile trade.

Another index heavyweight Reliance Industries (RIL) also moved higher. The market breadth turned negative from positive in late trade.

Bank stocks advanced after the latest data showed WPI inflation eased in November 2012.

Realty stocks rose on reports that the Union Cabinet has cleared the new land acquisition bill, paving way for its introduction in the ongoing winter session of the parliament.

The Nifty registered the day's high and low at 5886.10 and 5839.15 points respectively.

On BSE, 1,464 shares declined and 1,453 shares rose. A total of 126 shares were unchanged.

From the 30-share Sensex pack, 17 stocks rose while rest of them fell.

Asian stocks edged lower today as investors fretted about debt woes in the US and the UK. Key benchmark indices in Japan, Indonesia, Taiwan and South Korea fell between 0.05 pc to 0.75 pc.