Sensex rebounds on European cues, up by 109 pts

Mumbai, Sept 20: The Bombay Stock Exchange Sensitive Index (Sensex) rebounded on firm European cues, unaffected by the Thai coup, to surge 109 points and close at 12109.14.

Similarly, the S&P CNX Nifty rose 45.45 points to close at 3502.80, settling above 3,500 for the first time since May 17.

Earlier, sensex, after opening deep in the red, saw strong volatility. It swung 295 points during the day touching a high of 12128.99 and a low of 11833.61 over weak Asian markets. However, once the European markets opened firm during the day, Indian bourses took cue and buying in select stocks of blue chip companies, led by refinery, auto and cement, gained momentum.

The breadth too turned postive in favour of 1,266 advances as against 1,225 declines out of the total 2562 scripts that traded on the BSE counters today.

The BSE, however, clocked a turnover of Rs 3054 crore which is lower than Tuesday's Rs 3704 crore.

Amongst the sectoral indices on the BSE, auto sector edged higher by 1.10 per cent as the US crude oil price for Asia declined to a low of USD 60.97 per barrel. The FMCG sector too gained 1.09 per cent and the tech sector by 1.62 per cent. The refinery shares too edged higher on crude prices, while oil&gas sector rose by 0.90 per cent.

Major gainers on the BSE-30 index were Bharti Airtel up by 5.06 per cent at Rs 461.65, Reliance Communications up by 4.33 per cent at Rs 345.65, L&T up by 1.87 per cent at Rs 2696.70, ONGC up by 11.78 per cent at Rs 1172.80, NTPC up by 1.77 per cent at Rs 129.70, TCS up by 1.71 per cent at Rs 1027.50, HDFC up by 1.68 per cent at Rs 1369.80, Tata Steel was up by 1.66 per cent, ITC up by 1.60 per cent at Rs 187.00 and Tata Motors up by 1.32 per cent at Rs 842.05.

The losers were HDFC Bank down by 1.04 per cent at Rs 871.00, SBI down by 0.32 per cent at Rs 974.60, Dr Reddy's Lab down by 0.31 per cent at Rs 753.85 and BHEL down by 0.21 per cent at Rs 2251.50.

UNI

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