Sensex up 65 points on firm global cues

Sensex up 65 points on firm global cues

Bombay stock exchange

Initially, the 30-share Sensex of the BSE touched a low of 14,864.23 but turned the corner after late morning deals before bouncing back to a high of 15,218.65 at the fag end.

It, however, settled the day at 15,074.59, a rise of 64.82 points or 0.43 per cent from yesterday's close.

Sustained worries over the below-normal monsoon and rapidly spreading deadly swine flu in the country mainly weighed on market sentiment.

Firm Asian and European markets also assisted the market to cut some of its losses.
Asian indices ended higher in a range of 0.20 per cent and 1.88 per cent while European markets also displayed favourable trends in late morning deals.

SMC Global Vice-President Rajesh Jain said, "Concerns over swine flu and the bad monsoon weighed on market sentiment today but firm Asian cues pulled up the markets towards the end of the trade. Going forward there would be pressure on the markets."
The broader 50-share Nifty of the National Stock Exchange also recovered by 33.70 points or 0.76 per cent to 4,471,35 against its last close.

Auto counters saw a good response on reports of 31 per cent rise in car sales in July.
Foreign institutional investors (FIIs) remained net sellers and they pulled out nearly Rs 640 crore in cash segment on August 10, as per provisional data.

Among Sensex stocks, Tata Motors spurted 6.81 per cent, M&M 3.55 per cent, Hindalco 3.38 per cent, Maruti Suzuki 3.23 per cent, Bharti Airtel 2.23 per cent, Tata Power 1.81 per cent and Tata Steel 1.57 per cent.

However, Jaipra Associates declined 2.64 per cent, HDFC by 1.11 per cent, and NTPC by 0.88 per cent.
Among sectoral indices, auto flared up 160.21 points or 3.07 per cent, realty 77.21 points or 2.14 per cent and metals 240.76 points or 2.00 per cent.

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