News with Tags "BSE"

Mumbai, May 15 (IANS) After falling in five consecutive sessions, a benchmark index for Indian equities market returned to the positive terrain Tuesday, closing over 112 points up as the rupee stabilised and buying picked up in capital goods, metal and IT stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,146.90 points, closed at 16,328.25 points — up 0.69 percent or 112.41 points from its previous close of 16,215.84 points.

The Sensex touched a high of 16,370.12 points and a low of 16,123.04 in intra-day trade. The midcap index of the BSE rose 36.82 points, while smallcap index rose 20.70 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.71 percent higher at 4,942.80 points.

The rupee gained after hitting an intra-day low of 54.15 after public sector banks sold dollars. It appreciated by 23 paise to 53.73 a dollar as against previous close of 53.97 a dollar.

The capital goods index was up 3.07 percent followed by metal index, up 2.21 percent, and IT index up 1.56 percent.

Major Sensex gainers included Larsen and Toubro, up 5.41 percent at Rs.1222.50; Sun Pharma, up 3.20 at Rs.595.30; Sterlite Inds, up 3.16 percent at Rs.97.80; Infosys, up 3.13 percent at Rs.2411.20; and Hero MotoCorp, up 2.65 percent at Rs.1892.75.

Major Sensex losers included: NTPC, down 2.94 percent at Rs.143.50; Maruti Suzuki, down 2.57 percent at Rs.1214.80; ITC, down 1.35 percent at Rs.230.70; Bharti Airtel, down 1.28 percent at Rs.303.50; and Gail India, 1.27 percent at Rs.314.60.

By Manoj Dharra

MUMBAI (Reuters) – The BSE Sensex snapped a five-day fall on Tuesday as Larsen & Toubro surged after positive results, while an improvement in global risk sentiment and the RBI’s intervention in currency markets helped provide some stability.

The benchmark index has fallen 4.12 percent over the previous five sessions as worries about India’s economic outlook have intensified following poor industrial output data and concerns about inflation.

The domestic concerns have come during a sharp risk-off trade globally because of the political uncertainty in Greece, though European equities inched up somewhat on Tuesday following better-than-expected economic data.

The Reserve Bank of India also stepped in aggressively in currency markets, after the rupee fell to as low as 54.15 to the dollar during the day, threatening to touch a record low of 54.30 hit in December.

However, these are expected to be temporary reprieves, and analysts say the Sensex is liable for more falls after already falling 6.4 percent this month.

“Today’s rise was more due to short-covering because of Larsen’s decent results and rupee gaining strength due to RBI’s effort,” said Prakash Diwan, Head of the Institutional Clients Group at Asit C.Mehta Investment.

The Sensex rose 0.69 percent to 16,328.25, while the broader 50-share Nifty gained 0.71 percent to 4,942.80 points.

Also supporting domestic shares was data showing foreign investors had extended their net purchases to a third consecutive session as of Monday, for a provisional total of 8.8 billion rupees during the period.

Shares in engineering conglomerate Larsen and Toubro rose 5.42 percent a day after reporting stronger-than-expected earnings, while traders also welcomed its guidance of 15-20 percent growth in revenue and order wins.

Recently battered blue chips fell as some investors saw them as good buy opportunities. Infosys gained 3.26 percent, with the stock down 18.4 percent in the quarter started April compared to a 7.32 percent fall in the NSE index.

ICICI Bank rose 2 percent, having dropped 9.3 percent so far in May as of Monday’s close.

BPCL rose 2.1 percent after U.S. partner Anadarko Petroleum Corp said it had discovered a major new gas field in Mozambique.

However, among decliners, Bharti Airtel fell 1.2 percent after a government minister said Indian authorities were investigation the mobile phone carrier under provisions of the country’s money laundering and foreign exchange rules.

(Additional reporting by Abhishek Vishnoi; Editing by Rafael Nam)

Mumbai, May 15 (IANS) A benchmark index for Indian equities markets was trading high from its previous close around noon Tuesday on account of buying activity picking up in capital goods, metal and IT stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 16,330.33 points, up by 0.71 percent or 114.49 points from its previous close of 16,215.84 points.

The Sensex touched a high of 16,345.85 points and a low of 16,123.04 points in the intra-day trade. The sensex midcap was up 12.3 points and smallcap was down by 5.35 points.

The BSE capital goods index was up 2.76 percent or 244.22 points followed by metal index up 0.91 percent or 91.33 points and IT index up 0.82 percent or 45.08 points.

Major Sensex gainers included Larsen and Toubro, up 4.68 percent at Rs.1,214.10; Hero MotoCorp, up 2.20 percent at Rs.1,884.50; Cipla up 2.19 percent at Rs.327; ICICI Bank, up 1.98 percent at Rs.814.90; Jindal Steel, up 1.84 percent at Rs.464.20.

Major Sensex losers included NTPC, down 1.96 percent at Rs.144.95; Maruti Suzuki, down 1.77 percent at Rs.1,224.80; Coal India, down 0.84 at Rs.312.85; ONGC, down 0.56 percent at Rs.249.95; Tata Motors, down 0.45 percent at Rs.288.90.

Mumbai, May 14 (IANS) A benchmark index for Indian equities markets was trading 89.56 points down around 12.50 p.m. Monday, 0.56 percent down from its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 16,210.92 points, down by 0.50 percent or 82.06 points from its previous close of 16,292.98 points.

The Sensex touched a high of 16,390.33 points and a low of 16,187.39 in the intra-day trade. The Sensex midcap was down 48.57 points and smallcap by 36.26 points.

The BSE FMCG index was up 0.39 percent and 17.96 points followed by health care index and consumer durable index up 0.36 percent and 0.19 percent respectively.

The BSE auto index was down by 0.06 percent or 5.84 points, while the IT index was down 0.26 percent or 14.20 points.

Major Sensex losers included HDFC Bank, down 2.26 percent at Rs.499.25; ONGC, down 2.24 percent at Rs.248.95; BHEL, down 1.88 percent at Rs.217; SBI, down 1.60 percent at Rs.1,822.50; Tata Motors, 1.48 percent at Rs.293.

Major gainers included Bajaj Auto, up 1.55 at Rs.1,579.35; Mahindra and Mahindra, up 1.31 percent at Rs.663.70; Gail India, up 1.04 percent at Rs.321.80; Maruti Suzuki, up 0.81 percent at Rs.1,244, Wipro, up 0.74 percent at Rs.403.75.