Sensex up by 254.16 points at 14,104

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Mumbai, Jul 22: Extending the gains for the fourth straight day on Tuesday, July 22, the benchmark index of the Bombay Stock Exchange advanced by 254.16 points to close at 14,104.20 even as Nifty gained 80.60 points on hopes that UPA government may win the trust vote.

Amidst bouts of volatility, Sensex shot up 456.09 points to touch a day's high of 14,206.13 from its previous close of 13,850.04 on sustained buying interest in select blue chip pivotals. However, it resumed the day in red on weak global cues. The broader based Nifty index of National Stock Exchange surged by 102.98 points to hit a day's high at 4262.45 before closing at 4240.10 in late trade.

The key indices pared the gains despite weak global cues on expectations that the Congress-led United Progressive Alliance (UPA) government will win the trust vote. The Market witnessed a highly volatile session during the day as investors expect better inflows after the survival of the government at the centre, brokers said adding that overall Sensex has witnessed a solid recovery of about 10 per cent in the past four days, ahead of the trust vote.

All the sectoral indices on BSE, barring auto, ended the session in green. FMCG index gained 4.35 pc, Power index up 4.29 pc, Metal gained 3.96 pc, bankex climbed 3.12 pc and Capital goods surged 3.10 pc, while Auto dropped about one per cent. Mid-cap index ended up by 1.69 pc at 5,346.03, while Smal-cap rose 1.53 pc at 6,536.42.

The market breadth was strong on BSE with 1844 shares advancing as compared to 749 that declined and 64 remained unchanged. BSE clocked a turnover of Rs 5504 crore against Rs 4,408.03 crore in the previous session.

Index frontliners, Reliance Infrastructure surged nearly 7pc to Rs 919, Reliance Communications by 5 pc Rs 468, Reliance Power and Reliance Capital ended up by about 8 pc at Rs 142.75 and Rs 1,178.30 respectively.

Tata Power gained 6.23 pc at Rs 1,108.65 and Tata Steel 4.3pc at Rs 624, while Mahindra&Mahindra and Hindalco added 3.3pc each to Rs 546 and Rs 147, respectively.

BHEL, ITC and Wipro advanced by 6pc each to Rs 1,598, Rs 190 and Rs 395, respectively.

SBI moved up 3.7pc to Rs 1,398, HDFC by nearly 3pc to Rs 2,146. ICICI Bank, TCS and Larsen&Toubro gained around 2.5pc each at Rs 661, Rs 834 and Rs 2,572, respectively.

However, Maruti plunged 9.29 pc to Rs 588, Bharti Airtel dropped 2.5 pc to Rs 778.75, DLF and Tata Motors lost 2 pc each at Rs 454.15 and Rs 411.90 respectively.


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