Press Esc to close
Tuesday 02 September 2014
News updated at 2:32 AM IST
Weather
Max: 27.4°C
Min : 19.4°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
President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

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