Press Esc to close
Thursday 27 April 2017
News updated at 8:21 PM IST

Sensex continues rising streak, up 51 pts; Nifty ends over 6k

Mumbai, Jan 3, 2013, (PTI): 17:07 IST
The BSE benchmark Sensex today ended 51 points higher and Nifty closed above 6,000 level for the first time in two years led by IT and refinery stocks amid firming global trend.

The Sensex rose by 50.54 points, or 0.26 per cent, to 19,764.78, a level last seen in January 2011. The index had gained 288 points in last two sessions.

Similarly, the broad-based National Stock Exchange index Nifty ended 16.25 points up, or 0.27 per cent, to 6,009.50, for the first time in two years.

Brokers said trading sentiment bolstered after the US Congress passed the "fiscal cliff" deal besides a better US manufacturing data boosting investor confidence.

They said the market was further supported by Asian stock rising to 17 months high and European market opening firm following reports of expansion in China's services industries raising hopes of faster global economic recovery.

The upsurge was led by stocks of software exporting companies as country gets over 60 per cent of their revenue from the US and European markets.

Besides, expectation of attractive quarterly results by IT major Infosys next week and interest rate cut by the Reserve Bank of India later this month boosted the sentiment, they added.

"Markets consolidated after recent rally, but inched higher to close above 6,000 mark led by gains in IT and Oil & gas stocks. Throughout the day, profit-booking was visible in banking stocks and momentum shifted to mid cap and small cap counters," says Amar Ambani, Head of Research, IIFL.

In the 30-BSE index components, 14 stocks gained led by the two most-heaviest - Reliance Industries and Infosys. The two stocks carry nearly 18 per cent weightage on the benchmark.

The Oil and Gas sector index gained the most by rising 1.37 per cent to 8,763.88 followed by TECk index by 1.32 per cent to 3,491.06. IT index rose by 1.10 per cent to 5,744.07.

Go to Top

Photo Gallery
Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Priyanka Chopra at a promotional event for her upcoming film ‘Baywatch’ in Mumbai on Wednesday...

Maria Sharapova at a training session at the WTA Porsche Tennis Grand Prix in Stuttgart, Germany...

Maria Sharapova at a training session at the WTA Porsche Tennis Grand Prix in Stuttgart, Germany...

A cake weighing 30 kg is cut as part of celebrations outside BSE as Sensex ended above the...

A cake weighing 30 kg is cut as part of celebrations outside BSE as Sensex ended above the...

Family members of CRPF jawan Naresh Yadav, mourn in Darbhanga on Wednesday. He was martyred in...

Family members of CRPF jawan Naresh Yadav, mourn in Darbhanga on Wednesday. He was martyred in...

Soldiers of the Arctic motorised rifle brigade of Russia's Northern Fleet stand near APCs...

Soldiers of the Arctic motorised rifle brigade of Russia's Northern Fleet stand near APCs...

Blossoming apple trees are covered in snow near Altenstadt, Germany...

Blossoming apple trees are covered in snow near Altenstadt, Germany...

A watermelon vendor takes a nap on a hot day in Chennai on Wednesday...

A watermelon vendor takes a nap on a hot day in Chennai on Wednesday...

A boy jumps into the river Ganga to beat the heat in Kolkata on Wednesday...

A boy jumps into the river Ganga to beat the heat in Kolkata on Wednesday...

A newly-built aircraft carrier is transferred from dry dock into the water at a launch ceremony...

A newly-built aircraft carrier is transferred from dry dock into the water at a launch ceremony...

U.S. Army's M1 A2 tanks fire during the South Korea-U.S. joint military live-fire drills...

U.S. Army's M1 A2 tanks fire during the South Korea-U.S. joint military live-fire drills...

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.