Sensex snaps 3 day downslide, ends 254.93 pts up

Subscribe to Oneindia News

Sensex
Mumbai, June 5: Snapping the three day downslide, the sensitive index of the Bombay Stock Exchange today bounced back by 254.93 points to close firm at 15,769.72 on fresh buying support.

After resuming the day on an almost flat note, Sensex struggled in a rangeboundgap in the early part of the session near 15,500 level, and then after touched a day's low of 15,314.02 to drop 200 points from its previous close of 15,514.79. Later, it recovered about 500 points to touch a day's high of 15,814.80 from its intraday low, before closing with a considerable positive gap amidst bouts of volatility throughout the day.

Similarly, the broader based Nifty index of National Stock Exchange dropped 49.45 points at a day's low of 4,536.25 from its previous close of 4,585.60, climbed 115 point to touch a high of 4,690.60, before ending the day with a positive gap of 91.35 points at 4,676.95 in late trade. Despite the smart recovery, the market breadth remained negative. Out of 2,714 stocks traded, 1,397 declined, 1,240 advanced and 77 were unchanged today. Shares from oil, realty declined while IT, FMCG and power collected the gains, brokers said.

The BSE Midcap and Smallcap closed the day almost flat at 6400.29 and 7,735.59, respectively. Both the indices underperformed the Sensex. Except few, all the sectoral indices closed positive. BSE clocked a turnover of Rs 5578 crore today as compared to a turnover of Rs 6461.80 crore in the previous session.

The NSE futures&options (F&O) segment turnover was Rs 51017.9 crore, which was higher than Rs 48,378.31 crore a day before.

Among the sectoral indices on BSE, Consumer Durables, Realty and Auto indices failed to recover the losses and closed with marginal negative gap. IT, Power and FMCG smartly gained 5 per cent, 2.89 per cent and 2.48 per cent, respectively.

IT stocks were in good demand today, boosted by firm US dollar against the Indian rupee. Wipro gained 6.25pc to Rs 528.40, Satyam Computer Services climbed up 5.47pc to Rs 512.20) and TCS surged 2.57pc to Rs 982.75.

Infosys jumped 5.86pc to Rs 1979.70 on reports the firm is eyeing acquisitions in Europe to reaccelerate its growth. However, the target company's name and size was not disclosed in the report.

Sahara Housing Finance Corporation was locked at 5 per cent lower circuit filter at Rs 178 after the Reserve Bank of India banned a group financial firm Sahara India Financial Corporation from accepting public deposits after it was found guilty of violating various regulatory norms.

India's largest utility vehicles maker, Mahindra and Mahindra (M&M) declined about one per cent to Rs 562.75. It has announced signing an agreement to acquire 100 pc stake in Italy based Engines Engineering company.

Tech Mahindra rose 7.52pc to 847.85, after the firm reported that it has signed a multi-million dollar deal with Botswana Telecommunications. The company sees revenues of upto USD 10 million over the next 3-5 years from the deal.

Other index heavyweights, ONGC zoomed 7.5pc at Rs 953, Reliance Infrastructure gained 5.7pc at Rs 1,131, NTPC moved up 5.6pc to Rs 167. Hindustan Unilever and Grasim advanced 3.2pc each to Rs 238 and Rs 2,246 respectively. Tata Steel and ICICI Bank gained 3.1pc each at Rs 841 and Rs 781, respectively.


UNI

Please Wait while comments are loading...