Sensex closes at 11,145.18 mark on Fed move
Mumbai, Aug 9: Bombay Stock Exchange (BSE) sensitive index (Sensex) surged 130 points up and closed at 11,145.18 on the second day today, largely fuelled by the firmness in the banking scrips as the Fed decided not to increase the interest rate above the 5.25 per cent mark.
The 1.18 per cent increase in the Sensex is the highest in a month's time. Similarly, the S&P CNX Nifty gained 42.20 points or 1.3 per cent to close at 3,254.60.
Asian stocks too grew today, wiping out initial losses triggered by worries over a possible US slowdown despite a pause in interest rate hikes in the world's largest economy.
The Sensex rallied in the positive after opening in the red in the early trade, backed by the consumer durables sector which rose 3.67 per cent to 2,860.40 points and the FMCG sector grew 2.24 per cent to 1,934.67 points. Other sectors to rally the Sensex in the positve were metals, which was up 2.05 per cent to 8,055.31 points and auto segment which grew 1.92 per cent to 4,689.03 points.
Major gainers on the index today were SBI up 4.09 per cent to Rs 965.45, ITC up 3.68 per cent to Rs 178.75, Tata Motors up 3.65 per cent to Rs 794.30, Reliance Communications up 3.21 per cent to Rs 286.55, Satyam Computers up 2.97 per cent to Rs 765.15, Hindalco up by 2.34 per cent to Rs 164.10, Dr Reddy's Lab up by 1.88 per cent to Rs 1,445.25, Gujarat Ambuja Cement up by 1.72 per cent to Rs 106.75, L&T up by 1.59 per cent to Rs 2,322.00 and Hero Honda up by 1.54 per cent to Rs 678.55.
Major Losers on the index were ICICI down by 0.88 per cent to Rs 390.05, HDFC Bank down by 0.60 per cent to Rs 808.55, HDFC down by 0.51 per cent to Rs 1,239.30, Bharti Airtel down by 0.33 per cent to Rs 403.50 and NTPC down by 0.12 per cent to Rs 121.10.
The breadth in the broader market was in favour of 1,668 advances as against 731 declines and 78 unchanged scrips, out of total 2,477 scrips that traded the BSE counter today.