Press Esc to close
Wednesday 17 September 2014
News updated at 3:12 AM IST
Weather
Max: 29.7°C
Min : 20.2°C
In Bangalore
Sunny day

Sensex gains 120 pts on hopes of rate cut in Jan

Mumbai, Dec 18, 2012 (PTI)

The BSE benchmark Sensex closed over 120 points higher with rate sensitive banking and realty stocks attracting good buying on optimism of RBI easing monetary policy next month even as the central bank kept the interest rate unchanged in policy review today.

The 30-share index jumped after RBI announced its mid quarter policy review and ended with a gain of 120.33 points, or 0.63 per cent, at 19,364.75. The broad-based National Stock Exchange index Nifty rose by 38.90 points, or 0.66 per cent, to 5,896.80, led by stocks of banking, realty shares.

RBI kept the key interest rates unchanged, but hinted at easing of rates in January saying with decline in inflation, the focus of monetary policy would shift to removing impediments to growth.

Brokers added that a firming global trend further fuelled the uptrend. In 30-BSE index components, 23 stocks gained, while six closed with losses. Tata Power remained unchanged.


Major gainers were State Bank of India, ICICI Bank, Bharti Airtel, BHEL, Hindalco, Infosys, Larsen and Toubro, Jindal Steel, Tata Steel and Sun Pharma.

The realty sector index gained the most by 2.38 per cent to 2,120.67, followed by metal index by 1.78 per cent to 10,946.67. Banking index rose by 0.34 per cent to 14,322.15.

Go to Top

Photo Gallery
An Israeli army armoured bulldozer drives in the Israeli occupied Golan Heights...

An Israeli army armoured bulldozer drives in the Israeli occupied Golan Heights...

Members of Iraqi security forces and tribal fighters prepare a mortar launcher...

Members of Iraqi security forces and tribal fighters prepare a mortar launcher...

Rajasthan Congress President Sachin Pilot celebrates with party workers the party's victory...

Rajasthan Congress President Sachin Pilot celebrates with party workers the party's victory...

Shahrukh Khan and Deepika Padukone at the music launch of the film 'Happy New Year'...

Shahrukh Khan and Deepika Padukone at the music launch of the film 'Happy New Year'...

Volunteers rescuing flood affected people in Chattabal area in Srinagar...

Volunteers rescuing flood affected people in Chattabal area in Srinagar...

Army personnel build a bridge in the flood affected area of Kotranka Tehsil in Rajouri in Jammu...

Army personnel build a bridge in the flood affected area of Kotranka Tehsil in Rajouri in Jammu...

An aerial view of the partially deluged Centaur hotel in Srinagar...

An aerial view of the partially deluged Centaur hotel in Srinagar...

A view flood-hit Abi Guzar residential area in Srinagar ...

A view flood-hit Abi Guzar residential area in Srinagar ...

Prime Minister Narendra Modi being received by O P Kohli,  Anandiben Patel and Amit Shah...

Prime Minister Narendra Modi being received by O P Kohli, Anandiben Patel and Amit Shah...

Children lying in mud during Buka Bhaona festival in Jorhat...

Children lying in mud during Buka Bhaona festival in Jorhat...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523