Sensex opens firm at 17,479 pts, up by 100 pts

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Sensex
Mumbai, Apr 30: The BSE's sensex today resumed positive at 17,479.01 points with a massive gain of 100.55 points from its last close of 17,378.46 on fresh speculative demand from FIIs along with bullish advice from Asian markets.

Brokers said, '' The select heavy weight stocks extended yesterday's gains ahead of the outcome of the policy meeting of the US Federal Reserve later in the day today. The domestic bourses took cue from Asian markets which were mostly in the green. The market breadth was strong. IT stocks declined even as FMCG and auto stocks rose.

Later, the current 30-share BSE Sensex was up by 97.43 points or 0.57 per cent at 17,477.20. Sensex hit a high of 17,480.70 and a low at 17,344.37 points during the mid-morning session.

The broader based S&P CNX Nifty index of NSE today crossed again 5200 mark in mid session and touched a new high at 5209.10 with a gain of 31.1 points or 0.6 per cent from its last close of 5195.50 points. The Nifty index resumed high at 5198.35. Meanwhile it recorded the day's high at 5230.75 and a low at 5196.90 points in mid-session. The BSE Mid-Cap index rose 0.82 per cent to 7,205.71 and BSE Small-Cap index rose 0.82 per cent to 8,857.06. FMCG stocks rose. Nestle India was up by 12.29 per cent to Rs 1825 followed by ITC up by 0.78 per cent to Rs 214, Tata Tea by 0.8 per cent to Rs 887 edged higher. But, India's FMCG major by sales Hindustan Unilever declined by 0.42 per cent to Rs 249.80.

Auto stocks were in limelight as Mahindra&Mahindra was up by 1.91 per cent to Rs 657 followed by Maruti Suzuki India by 1.6 per cent to Rs 744.90, Tata Motors by 1.26 per cent to Rs 648 edged higher.

India's largest motorbike maker by market share Hero Honda Motor declined by 1.6 per cent to Rs 848.05.

Jaiprakash Associates rose by 2.69 per cent to Rs 273.25 followed by Reliance Communications by 2.49 per cent to Rs 589, NTPC by 1.75 per cent to Rs 198.05, State Bank of India by 1.14 per cent to Rs 1813.90, ICICI Bank by 0.97 per cent to Rs 910, DLF by 1.26 per cent to Rs 735 edged higher from Sensex pack.

HDFC Bank was down by 1.24 per cent to Rs 1528.30, Satyam Computer Services came down by 1.32 per cent to Rs 473, Wipro eased by 0.9 per cent to Rs 474.90, Infosys eased by 0.9 per cent to Rs 1734, Hindalco Industries came down by 0.45 per cent to Rs 197.30 edged lower from Sensex pack.

On Wall Street, stocks ended little changed on yesterday, as setbacks for two drugs weighed down the pharmaceutical sector, offsetting the relief from a retreat in record high crude oil prices.

Asian markets were mostly in the green today. Key benchmark indices in China, Japan, South Korea, Singapore and Taiwan were up by between 0.19 per cent to 3.77 per cent. Hongkong's Heng Seng was down 0.2 per cent.

Indian stock market remains closed tomorrow, on account of Maharashtra Day, brokers added.


UNI

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