Press Esc to close
Wednesday 22 October 2014
News updated at 11:53 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

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
A major fire that broke out in the crackers market in Faridabad...

A major fire that broke out in the crackers market in Faridabad...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

On the eve of Diwali Renowned sand artist Sudarsan Pattnaik created a sand sculpture of Kali...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian passengers rest on a crowded platform ahead of Diwali, the Hindu festival of lights...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Indian soccer player Peter Biaksangzuala, center, performs flips as he celebrates a goal...

Woman buying earthen lamps at a market ahead of the Diwali festival...

Woman buying earthen lamps at a market ahead of the Diwali festival...

School children paint their faces during Diwali celebrations...

School children paint their faces during Diwali celebrations...

A huge rangoli in front of Swaminarayan Temple...

A huge rangoli in front of Swaminarayan Temple...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Volunteers of Azad Hind taking out a procession to mark the Azad Hind Foundation Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

Family members paying tribute to police martyrs during Police Commemoration Day...

TRS activists set affire chairs at the TDP office in Nalgonda...

TRS activists set affire chairs at the TDP office in Nalgonda...

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