Press Esc to close
Monday 27 June 2016
News updated at 12:44 PM IST
Weather
Max: 27.5°C
Min : 19.4°C
In Bengaluru
Generally cloudy

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

Mumbai, Jan 3, 2013, (PTI):

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
Bihar Chief Minister Nitish Kumar with RJD Chief Lalu Prasad during an Iftaar party in Patna...

Bihar Chief Minister Nitish Kumar with RJD Chief Lalu Prasad during an Iftaar party in Patna...

A sand sculpture created to congratulate Athlete Srabani Nanda for qualifying 200 mt race...

A sand sculpture created to congratulate Athlete Srabani Nanda for qualifying 200 mt race...

Players in action during a match between Bengaluru Bulls and Kolkata Warriors at Pro Kabaddi...

Players in action during a match between Bengaluru Bulls and Kolkata Warriors at Pro Kabaddi...

Illuminated Mysuru Palace seen on the eve of Yaduveera Krishnadatta Chamaraja Wadiyar...

Illuminated Mysuru Palace seen on the eve of Yaduveera Krishnadatta Chamaraja Wadiyar...

A man pushes his bike through a waterlogged road during rains in Jammu...

A man pushes his bike through a waterlogged road during rains in Jammu...

Narendra Modi interacts with Vaishali whose heart surgery was funded by the PMO...

Narendra Modi interacts with Vaishali whose heart surgery was funded by the PMO...

A Hindu devotee performs a stunt with fire during a rehearsal for the annual Rath Yatra...

A Hindu devotee performs a stunt with fire during a rehearsal for the annual Rath Yatra...

Mysuru Royal family scion Yaduveera Krishnadatta Chamaraja Wadiyar's wedding rituals, at Mysuru...

Mysuru Royal family scion Yaduveera Krishnadatta Chamaraja Wadiyar's wedding rituals, at Mysuru...

Sunny Leone at a press conference in Chennai...

Sunny Leone at a press conference in Chennai...

Senior police and CRPF officers carry the bodies of Central Reserve Police Force...

Senior police and CRPF officers carry the bodies of Central Reserve Police Force...

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