Search
Fag-end buying in metal, banking, FMCG and IT stocks pushed the BSE benchmark Sensex 113 points up to end above the 20,000 mark, on sustained capital inflows.
Shrugging off the rising food inflation and weak global sentiment, the 30-share barometer of the Bombay Stock Exchange settled at 20,069.12, up 112.78 points, or 0.57 percent.
The Sensex, which had dipped below 20,000 level in last session, recorded a net gain of 11.6 percent during September month, the best monthly gain so far this year.
Cutting-short the two-days of losses, the wide-based 50- share Nifty Index of the National Stock Exchange too moved up by 0.65 percent to finish at 6,029.95.
Trading session on the Dalal Street was choppy as Thursday was the expiry day for settlement in the derivative segment, analysts said. Sensex fluctuated between a high of 20,114.73 and a low of 19,864.46.
Investors were also cautious ahead of judgment over the Ayodhya issue, they said.
"The turnover was huge owing partly to the expiry of F&O contracts," IIFL analyst Amar Ambani said.
Market sweep
Losses suffered by oil & gas, consumer durables, auto and SU stocks were offset by a smart gain on FMCG, financial, IT and metal counters.
HDFC rose 3.2 percent to emerge as the biggest gainer in the Sensex pack, HDFC Bank by 1.45 percent, SBI 1.22 percent and ICICI Bank 0.80 percent.
Metal stocks were also in demand, with Hindalco rising by 2.61 percent and Jindal Steel 0.29 percent. Sterlite, which had plunged over 8 percent in last trade following a Madras High Court order, bounced back and ended 3.28 percent higher.
In the frontline IT stocks, Infosys rose 0.39 percent, TCS 0.16 percent and Wipro 1.61 percent. ITC rose 2.53 percent and HUL 0.75 percent.
"The stunning turnaround came on a day when the total market turnover touched a new record of Rs 2.2 lakh crore," Ambani said.
In the BSE-30 pack, 19 stocks ended with the gains, while 11 scrips closed in the red.
Reliance Industries, which holds the maximum weight in the Sensex, lost 1.28 percent to close at Rs 986.35. RIL Chairman Mukesh Ambai has been ranked at the top in the list of 100 richest Indians by Forbes India magazine.
R-Infra, controlled by younger brother billionaire Anil Ambani, too was under selling pressure and sank 1.28 percent.
State-run energy major ONGC declined 1.48 percent and ACC 1.49 percent, the most in the Sensex stocks.
Other major losers were RCom that declined by 0.85 percent, Tata Motors 0.84 percent, M&M 0.73 percent, Hero Honda 0.53 percent and Jaiprakash Associates by 0.74 percent.
Food inflation increased to 16.44 percent in the week ended September 18, as the cost of cereals, fruits, select vegetables and milk rose on account of supply disruptions due to heavy rains and floods.
On Week-on-week basis, food inflation climbed by 0.98 percentage points from 15.46 percent in the week ended September 11.
Asian stocks fell amid concerns that Europe's debt crisis will slow global economic recovery and after Nintendo Co cut its profit forecast. The key benchmark indices in Hong Kong, Japan, Singapore and Taiwan ended with losses, while that of China and South Korea closed in green.
European markets exhibited weak trend in their afternoon deals. The CAC was down by 0.67 percent, the DAX by 0.33 percent and the FTSE by 0.24 percent.







Viewers Comments
Are you sampling to recollect the sophisticated, absorbing, erogenous image of any secret agent of Hollywood and consequentially the image of the man? christian Dior Watch A fashionable replica watches can be your best choice. rolex Watches Watches fake You must have seen your grandfather proudly showing you some antique pocket replica Vacheron Constantin fake Tissot that lived practiced incoming archaean metres. rolex GMT Master Watches replica Whilst you equivalence those Panerai Watches replica with the fake Jaeger Lecoultre available now, replica Porsche Design Watch you would marvel at the advancing technology. rolex DateJust replica In fact, fake Invicta Watches time has changed and currently, ferrari Watches fake men depend more on other thick wrist gears that are available in the market. Moreover, fake Rolex Milgauss this classic accessory has passed through various advancement stages and now it has become a fashionable ornament. replica Baume and Mercier Watches This brand was founded in 1881 in Japan and since then, there has been no looking back. Omega Watches fake The company has produced exquisite timepieces that convey royalty. Designed for both the males and females, the Seiko Piaget fake are mechanically developed to excellence to meet the needs all the people and lifestyles. fake Oris Watches In Nipponese, rolex Sea Dweller Watches fake Seiko denotes to instant, louis Vuitton Watch winner and exquisiteness. And thus each replica Rolex GMT Master displays all three attributes, Sarcar Watches replica making it worth the money. fake Explorer Watches Other than that, alain Silberstein Watches replica Tissot Rolex Day-Date II fake Breitling are also popularly known for timeless elegance at affordable prices. Graham fake This luxury brand was founded in 1853 and since then, fossil Watches fake it has ruled the Immersion Watches making industry all over the world. The replica Clerc Watches from this designer company has been worn from many a famous person* such as as Sarah Bernhardt, replica Breitling Carmen Miranda, fake Panerai Elvis Presley, bedat and co Watches Grace Kelly, replica Piaget and Nelson Mandela amongst others. Tissot carl F Bucherer Watches fake are the best for people who are looking for values of precision, innovation, body Glove Watches replica performance and prestige. activa fake Another line of fake A.Lange and Sohne are the Citizen maurice Lacroix Watches that are ideal for the perfectionist. diesel fake Since 1924, chanel Watches replica this Japanese brand has been producing timepiece for both male and female. fake Explorer They are considered to be the ultimate option for keeps-sake. The replica Concord Watchesfrom this designer company will be perfective for both ceremonious and epistolary occasions. aigner fake Dolce & Gabbana is also one of the popular fake Rolex SubMariner making firms that produce spectacular line of maurice Lacroix replica. The replica Vacheron Constantin are developed to be accurate but fun. Top stars like Monica Bellucci, fake Rolex Yachtmaster Madonna and Christina Aguilera wear this brand of replica Hermes. This accessory focuses on sophistication and elegance without compromising on the true quality. Piaget replica The blancpain fake are last-ditch dashing style for tomorrow! Instead, on that point are Police fake Day Date also available that have made the dull accessory an perfectly deluxe ornamentation. replica Brm With dapper feelings, rolex Daytona Watches the wrist looks on provide a hint of toughness as well. corum fake These timepieces have satiated the tastes of people who are longing for personal exclusivity. breitling fake If you are looking for durability along with elegance, Versace Watches replica then Timex dKNY fake are the best option. fake Audemars Piguet The time machines available under this post are a reflexion of their consumers' taste, breguet Watches class and sophistication. chaumet fake The brand boasts of robust models with cutting edge technology. Own a Jacob and Co Watches that is elegant and unique is everyone's dream. u-boat replica But remember that their maintenance and repair can be very expensive. Harry Winston fake If you are on a budget, the replicas can make your dream come true.
by replica handbags (not verified) Posted on:- 22/10/10Post new comment