BSE Sensex up by 174.31 points

Subscribe to Oneindia News

Mumbai, Oct 14: The Sensex continued to be on the upswing on the Bombay Stock Exchange for the second consecutive day today, gaining 174.31 points to end at 11,483.40 on renewed bull support from local operators, coupled with sharp rally in global markets.

Similarly, the 50 share Nifty index of National Stock Exchange (NSE) crossed the 3,500 mark to end firm at 3,518.65 points with a small gain of 27.95 from its last finish of 3490.70. The BSE sensex recorded the day's high and low at 11,870.22 and 11,410.49 points respectively, while Nifty index registered a positive and negative note at 3649.25 and 3491.50 points during the session. Both the indices have shot up sharply- 978.69 points for Sensex and for Nifty index by 238.70 points in the last two days.

Brokers said ''Select heavyweight stocks ended higher on account of buying in technology, pharma, realty, capital goods, few banking and telecom stocks. Midcap and small cap stocks too were on the buyers' list.

However, metal, few oil and power stocks were under pressure.

The fall on the bourses from higher levels materialised soon after a sharp surge. The Reserve Bank of India's announcement before start of trading to infuse more liquidity and strong global markets had boosted the Sensex by more than 550 points early afternoon.

India's central bank today said it would allow Indian commercial banks to accept as collateral certificate of deposits (CDs) held by mutual funds for the next 15 days. The move followed the earlier announcement of a 14-day repo auction to enable banks to meet the liquidity requirements of mutual funds, which had met with redemption pressures.

On the global front, Asian markets ended on a strong note barring Shanghai. Nikkei jumped 14.15 per cent. Kospi, Taiwan and Jakarta gained 5.5-6.5 pc. Straits Times rose 2.5 pc and Hang Seng gained 3.19 pc. European markets were trading sharply higher. FTSE was up by 5.24 pc. CAC and DAX gained 4.76 pc and 4.45 pc, respectively which helped to boost sentiment on the Indian bources.

Traded turnover was at Rs 63,360.10 crore. This includes 11,838.89 crore from NSE Cash segment, Rs 47,278.06 crore from NSE F &O segment and balance Rs 4,243.15 crore from BSE Cash segment. BSE clocked a turnover of Rs 4,237 crore today as compared to a turnover of Rs 3,966.25 crore on previous day.

On the BSE, key indices rallied for the second straight day today on renewed bull support by local operators with HC index spurting sharply by 151.46 points to settle firm at 3,404.63 points, followed by IT index by 149.45 points to 2939.87 points, SML CAP index by 101.74 to 4615.89, CG index by 100.08 to 8876.20, TECK index by 85.53 to 2373.78 points, OILS &GAS index by 73.64 to 7623.40,BANKEX index by 64.23 to 6038.07, MID CAP by 61.45 to 3892.03 and REALTY index by 50.67 to 2804.74 points.

But BSE MRTAL and PSU indices crashed steeply by 135.32 and 56.69 points respectively. Both the indices ended low at 6851.71 for METAL index and for PSU index at 5758.85 points.

Heavyweight stocks also flared up with Satyam comp up by 7.38 per cent to close firm at Rs 289.00, Infosys Tech by 5.87 pc to Rs 1397.05, Jaiprakash Asso by 5.20pc to Rs 85.00, ICICI Bank by 5.18 pc to Rs 447.10, REL INTRA by 5.09 pc to Rs 632.25,Tata Power by 5.06 pc to Rs 830.15, Bharti Airtel by 3.30 to Rs 764.30 and Reliance by 3.14 to Rs 1619.70.

But leading stocks suffered a setback on profit booking at higher level by local operators as REL COMM ltd declined by 4.83 per cen to close negative at Rs 268.70, followed by Hindalco by 4.11 pc to Rs 85.10, ONGC ltd by 3.81 pc to Rs 880.70, HDFC Bank by 3.47 pc to Rs 1138.75 and NTPC by 2.70 pc to Rs 174.45.

UNI

Please Wait while comments are loading...