Press Esc to close
Wednesday 16 August 2017
News updated at 10:44 PM IST

Sensex ends six-day losing run, closes 30 pts up

Mumbai, Nov 19, 2012 (PTI) 16:54 IST
Ending its six-day string of losses, the BSE benchmark Sensex today advanced by 30 points to close at 18,339 on the back of buying in ITC, Bharti Airtel and auto shares, including Maruti Suzuki, amid a firming global trend.

However, the NSE Nifty index extended its losses for the seventh straight day as it eased 2.65 points to 5,571.40.

The Sensex, which had tumbled to two-month lows by losing 593 points or 3.14 per cent in the earlier six sessions, recovered by 29.63 points, or 0.16 per cent, to end at 18,339 led by gains in auto and FMCG sectors mostly.

13 stocks of the 30-share Sensex gained, while 17 scrips including Tata Power, TCS, Tata Steel and HDFC declined.

Brokers said buying at low levels in selective counters helped Sensex end in positive zone amid investors judging the recent losses as overdone. Auto stocks closed with gains on hopes of better numbers.

Maruti led the gainers in Sensex with a 3.87 per cent rise, followed by Bharti Airtel. The telecom major shot up to three-month high by adding 2.89 per cent on reports that Credit Suisse has upgraded the stock to "outperform".

ITC, Bajaj Auto and M&M rose in 1.6-2.7 per cent range.
Total market breadth was weak despite positive closing of the Sensex as second-line stocks attracted profit-booking, indicating cautious approach adopted by retail investors ahead of the Winter session of the Parliament, which starts from Thursday, said traders.

"After initial volatility, the markets remained range bound for most of the day...today any kind of fall was arrested by the strengthening of rupee versus US dollar. The dollar fell 0.4 per cent for the day," said Milan Bavishi, Head Research, Inventure Growth & Securities.

Traders said the domestic stock market was also helped by firming Asian trends and higher opening in Europe on reports that US President Barack Obama has signalled confidence of striking a deal with US Congress on a new budget.

Go to Top

Photo Gallery
A street memorial is lit during a candlelight vigil for Elvis Presley in front of Graceland...

A street memorial is lit during a candlelight vigil for Elvis Presley in front of Graceland...

Festival goers participate in a color party at the 25th Sziget (Island) Festival...

Festival goers participate in a color party at the 25th Sziget (Island) Festival...

Manchester City's Phil Foden, right, duels for the ball during the Costa Brava trophy friendly...

Manchester City's Phil Foden, right, duels for the ball during the Costa Brava trophy friendly...

A zoo keeper holding the 2.5-month old Borneo Orangutan baby 'Hujan' in her arms in Krefeld...

A zoo keeper holding the 2.5-month old Borneo Orangutan baby 'Hujan' in her arms in Krefeld...

Border Security Force (BSF) personnel wave the Tricolor and perform Bhangra as they...

Border Security Force (BSF) personnel wave the Tricolor and perform Bhangra as they...

Congress Vice President Rahul Gandhi, Karnataka Chief Minister Siddaramaiah...

Congress Vice President Rahul Gandhi, Karnataka Chief Minister Siddaramaiah...

A model walks the ramp during Lakme Fashion Week displaying Ritu Kumar's collection in Mumbai...

A model walks the ramp during Lakme Fashion Week displaying Ritu Kumar's collection in Mumbai...

: Flood-affected villagers commute to safer places using a boat at Morigaon district in Assam...

: Flood-affected villagers commute to safer places using a boat at Morigaon district in Assam...

Monkeys playing with a water pipe near Vijay Chowk in New Delhi on Wednesday

Monkeys playing with a water pipe near Vijay Chowk in New Delhi on Wednesday

Flamingoes preening in their enclosure at the zoo in Duisburg, Germany, 16 August 2017.

Flamingoes preening in their enclosure at the zoo in Duisburg, Germany, 16 August 2017.

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.