BSE Sensex closes 3-mth high at 11312.99

Mumbai, Aug 14: The BSE Sensex, backed by strong investors' sentiment, surged to a three-month high of 11,312.99 points today.

The upswing was primarily governed by three factors - truce in West Asia between Israel and Hezbollah militants, decline in crude oils price and firm Asian markets and European markets.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) today swung 109 points as UN-backed truce was accepted by Israel and Jordan to look for peace through certain conditions stated regarding the governance of South Jordan.

During the day, the Sensex touched a high of 11,330.30 and a low of 11,221.86 points.

Similarly, the S&P CNX Nifty also surged 40.65 points or 1.2 per cent to close at 3,315 points.

Major BSE sectoral indices ended in the green, led by Midcap which was up 2.29 per cent to 4,723.38 points and followed by oil and gas sector, up by 1.98 per cent to 5,307.64 points. The fall in oil price today after the truce in West Asia lifted refiners and select auto shares.

Metals indices were up by 1.12 per cent and FMCG stocks by 1.72 per cent. Select construction stocks were also in demand.

Major gainers on the index today were - Bajaj Auto, up by 5.03 per cent to Rs 2,785.00, Cipla was up by 3.67 per cent to Rs 250.25, HDFC was up by 3.60 per cent to Rs 1,310.00, Satyam Computers by 2.31 per cent to 773.80, Bharti Airtel by 2.25 per cent to Rs 413.35, HLL by 1.91 per cent to Rs 227.20, Reliance Industries by 1.78 per cent to Rs 1,029.05, Gujarat Ambuja by 1.74 per cent to Rs 108.10, ITC by 1.71 per cent to Rs 178.60 and ONGC by 1.65 per cent to Rs 1,213.55.

The losers were - Hero Honda, down by 2.15 per cent to Rs 681.70, ICICI was down by 1.15 per cent to Rs 577.75, Ranbaxy by 0.39 per cent to Rs 392.50, TCS by 0.38 per cent to Rs 164.55, HDFC Bank by 0.38 per cent to Rs 806.6, L&T by 0.16 per cent to Rs 2,306.05, Dr Reddy's Lab by 0.15 per cent to Rs 1,439.20 and Reliance Communications by 0.02 per cent to Rs 279.55.

The breadth in the larger market was in favour of 1,840 advances as against 647 declines and 54 unchanged out of total 2,541 scrips that traded on the BSE counters today.

UNI

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