Sensex ends 125 pts up at 11,531.95 level
Mumbai, Aug 24: The BSE sensitive index (Sensex) today made a smart recovery led by Reliance Industries and other blue chip companies as the buying activity picked up in the last hour of trading.
On expectations that there would not be any further hike in the domestic fuel prices, on the back of surging crude oil prices, the sentiment in the market changed to bullish.
The BSE clocked a turnover of Rs 3,146 crore, higher than Wednesday's Rs 2,998 crore.
Earlier, the Sensex opened in the green by 39 points, though it largely traded in the negative zone for the rest of the day, before the turn-around took place.
Amongst the sectoral indices on the BSE, only the capital Goods sector ended down by 0.05 per cent to 7651.54 points. The sectors which gained are Oil and Gas up by 2.59 per cent to 5562.30 points, Metals up by 2.07 per cent to 8251.14 and the Auto sector was up by 1.05 per cent to 4930.82 points. and the Teck sector was up by 0.85 per cent to 2821.30 points.
The gainers on the index are Reliance Industries up by 4.22 per cent to Rs 1,106.55, Hindalco up by 3.77 per cent to Rs 167.90, Gujarat Ambuja Cement up by 3.27 per cent to Rs 113.60, Bharti Airtel up by 2.39 per cent to Rs 415.30, Tata Steel up by 2.24 per cent to Rs 517.35, Reliance Communications was up by 2.07 per cent to Rs 296.50, ACC up by 2.01 per cent to Rs 912.15, Hero Honda up by 1.81 per cent to Rs 712.70, NTPC up by 1.61 per cent to Rs 126.10, Tata Motors up by 1.51 per cent to Rs 860.30.
Besides the losers on the index are - ONGC down by 0.88 per cent to Rs 2,288.90, Reliance Energy down by 0.45 per cent to Rs 456.40, BHEL down by 0.44 per cent to Rs 2,239.40, ICICI bank down by 0.15 per cent to Rs 589.10 and the L&T was down by 0.04 per cent to Rs 2,357.10.
The breadth in the broader market was in favour of 1346 advances as against 1121 declines and 81 unchanged scrips, out of total 2548 scripst that traded on the BSE counters today.