Sensex closes 94 points higher at 10,666.32

Mumbai, May 25: After sailing in the choppy sea, the BSE Sensex today managed to end the day in green at 10,666.32, with an increase of 94 points as compared to the previous close of 10,573 points.

The day saw a high index of 10,770.20 and a swing of a total of 445.74 points.

Earlier in the morning, the 30-share Bombay Stock Exchange (BSE) Sensitive Index (Sensex) dipped 298 points to a low of 10,274, just a few minutes after opening, due to weaker Asian markets.

The markets opened weaker with the benchmark index opening 52 points lower at 10,520, as compared to the last close of 10,573 and then fell sharply within few minutes.

The National Stock Exchange (NSE) S&P CNX Nifty index too rose by 62 points to close at 3177.70, as compared to the previous close of 3,115 points.

The top gainers on BSE indices were oil and gas, gaining by 1.35 per cent, BSE metal by 2.93 per cent.

The major loser were BSE midcap by 0.76 per cent, smallcap by 0.99 per cent and bankex by 1.24 per cent.

The top gainers on the 30-share Sensex were - Wipro, Tata Steel, Bharti Tele, ONGC, ACC, Tata Consultancy Service, Tata Motors and Hero Honda.

The losers on the Sensex were - Tata Power, Ranbaxy, HDFC Bank, HDFC, ICICI Bank, BHEL, Bajaj Auto, ICICI, Cipla, Infosys Technologies and HDFC Bank.

Also, pursuant to the discussion with the SEBI, the exchanges are revising the cash and derivatives market segments from the current limit of 10 per cent, to five per cent.

Similarly, in respect of index products in the derivatives segment, the applicable limit is revised from six per cent to three per cent, with effect from today, a BSE release said.

The top gainers on the 30-share Sensex were - Wipro up by 8.86 per cent trading at Rs 484, Tata Steel up by 6.59 to Rs 573.25, Bharti Tele up by 6.15 per cent to Rs 392.90, ONGC up by 3.34 per cent to Rs 1203.70, ACC was up by 3.43 per cent to Rs 794.45, Tata Consultancy Service by 4.58 per cent to Rs 1874.75, Tata Motors by 3.40 per cent to Rs 802.70, HLL by 3.92 per cent to Rs 237.25.

The losers on the Sensex were - Tata Power by 5.31 per cent to Rs 501.55, Ranbaxy by 3.42 per cent to Rs 419, HDFC by 2.80 per cent to Rs 1152.25, ICICI bank by 2.79 per cent to Rs 556.80 HDFC Bank by 0.42 per cent to Rs 766, BHEL was down by 3.63 per cent to Rs 1901.35, Bajaj Auto by 1.09 to Rs 27871.90.

The breadth in the broader market was negative with 1,523 scrips declining as against 906 scrips advancing, out of total 2,484 scrips traded on the BSE.

UNI