Press Esc to close
Sunday 31 August 2014
News updated at 2:35 AM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

Sensex breaches 20K mark after 6wks;up 76pts led by TCS,Airtel

Mumbai, July 15, 2013, (PTI)
Reuters File Image.

Paring early losses, the BSE benchmark Sensex today shot up by 76 points to close above the 20,000 mark for the first time in over six weeks, led by gains in bluechips, including TCS and Bharti Airtel, as inflation numbers met market expectations amid firm global cues.

The 30-share index started the day lower at 19,904.47 on profit booking triggered by weak IIP and retail inflation numbers that came after trading hours on Friday. It, however, reversed the falling trend during the day and closed 76.01, or 0.38 per cent higher at 20,034.48.

This is the first time that the index has closed above the 20,000 mark since 20,215.40 on May 30.


Similarly, the wide-based National Stock Exchange index Nifty gained 21.80 points, or 0.36 per cent, to close at 6,030.80. Also, SX40 index, the flagship index of MCX-SX, closed 51.15 points, or 0.43 per cent higher at 11,940.03.

Brokers said the trading sentiment improved as wholesale- price index based inflation rose less than the market expectations and optimism over the earnings season which took a firm start with Infosys posting smart numbers. The WPI-based inflation rose 4.86 per cent in June compared with a 4.7 per cent in May.

They said a firming trend in global markets as Chinese economic growth matched forecasts further influenced the trading sentiment.

Out of the 30 BSE index components, 18 stocks closed with gains led by Hindalco rising 3.69 per cent to Rs 105.40.

Other major gainers included Tata Consultancy Services (2.20 per cent), Bharti Airtel (3.20 per cent) and Hindustan Unilever (2.06 per cent).

Sector-wise, the realty sector index gained the most by 1.94 per cent to 1,547.66, followed by FMCG by 1.19 per cent to 7,030.41.

However, the third most heavy on the index Infosys fell by 2.17 per cent to Rs 2,741.85 on profit booking. The stock had surged 12 per cent in the previous session after reporting higher quarter earnings.

Go to Top

Photo Gallery
Mayawati is garlanded after she was unanimously elected as the National President of BSP for...

Mayawati is garlanded after she was unanimously elected as the National President of BSP for...

Protesters set a police vehicle on fire in Ukhrul on Saturday demanding immediate solution to...

Protesters set a police vehicle on fire in Ukhrul on Saturday demanding immediate solution to...

Traffic chaos in Surat on Saturday...

Traffic chaos in Surat on Saturday...

A 98-metre long under construction bridge collapses over a stream of Bagmati and Lakhani rivers...

A 98-metre long under construction bridge collapses over a stream of Bagmati and Lakhani rivers...

Sukumar, a Bangalore airport customs officer supporter of Hubli Tigers seen during KPL Match...

Sukumar, a Bangalore airport customs officer supporter of Hubli Tigers seen during KPL Match...

Clay Ganpati referees the Brazilian and Argentine undeers (mouse) have been installed by a family...

Clay Ganpati referees the Brazilian and Argentine undeers (mouse) have been installed by a family...

Hindu devotees light incense and offer prayers to a snake on Nag Panchami festival in Jammu...

Hindu devotees light incense and offer prayers to a snake on Nag Panchami festival in Jammu...

A Hindu devotee whisper her wishes into the ear of an idol of elephant-headed Hindu god...

A Hindu devotee whisper her wishes into the ear of an idol of elephant-headed Hindu god...

England's Morgan leaves the field after being dismissed for 10 runs during the ODI against India ...

England's Morgan leaves the field after being dismissed for 10 runs during the ODI against India ...

Union Finance Minister Arun Jaitley at a press conference at National Media Centre in New Delhi ...

Union Finance Minister Arun Jaitley at a press conference at National Media Centre in New Delhi ...

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