Sensex up by 175 points, market positive

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Mumbai, Dec 19: The benchmark Sensex of the Bombay Stock Exchange (BSE) today resumed smartly 175.75 points up at 19,255.39 from its previous close of 19,079.64 on firm note in Asian markets and fresh inflows.

The market edged higher taking cue from firm Asian equities. Metal, power, consumer durables and FMCG stocks were in demand. Key indices in Asia, except Japan, were in green, traders said. Market breadth was strong. Out of 30, 28 stocks from the Sensex pack were in green. Sensex hit a high of 19,397.76 in early trade, a gain of 318.12 points. While, broader CNX S&P index Nifty was up 92.60 points or 1.61 per cent to 5834.90. The BSE Mid-Cap index was up 2.33 per cent to 9,305.43. The BSE Small-Cap index was up 2.81 per cent to 12,150.36 in the early trade.

Frontline stocks like Reliance Industries was trading 1.18 per cent up at Rs 2761. ICICI Bank rose 2.13 per cent to Rs 1165 and Infosys Technologies rose 1.20 per cent to Rs 1640. Reliance Energy rose 3.69 per cent to Rs 1874, ONGC was up 3.29 per cent to Rs 1187, Tata Steel edged up 3.02 per cent to Rs 841.65, ITC climbed 3.18 per cent to Rs 199.80 and Bharat Heavy Electricals flared up 2450.

Asian stocks edged higher today, tracking overnight gain in US stocks. Key benchmark indices in Hong Kong, Singapore, Taiwan and China were up by 1 to 2 per cent. However, Japan"s Nikkei 225 was down 0.51 per cent.

FIIs were net sellers to the tune of Rs 1,077.36 crore in the futures&options segment yesterday. According to data released by the NSE, FIIs were net sellers of index futures to the tune of Rs 1,080.14 crore and bought index options worth Rs 749.07 crore. They were net sellers of stock futures to the tune of Rs 746.30 crore.


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