Economy

Metal, consumer durables lift Sensex up 75 points

PTI MUMBAI | Updated on March 12, 2018 Published on January 03, 2011

UPBEAT: Brokers attributed the good opening to upbeat sentiment in the New Year, as auto companies buoyed by strong growth in vehicle sales in December led the rally in stocks. -- Paul Noronha   -  Business Line

The Bombay Stock Exchange benchmark Sensex gained over 70 points in the pre-noon session on continued buying by foreign funds and retail investors amid firm Asian bourses. Metal, consumer durables, realty and banking sector stocks led the Sensex rally. At 11.50 a.m., the Sensex was up 75.38 points at 20,584.47 and the Nifty was up 23.7 points at 6,158.20.

Volume toppers during the session were Tata Steel, Tata Motors, SBI, RIL and Reliance Communications. Major Sensex gainers were SBI, RIL, Tata Steel, HDFC Bank, Sterlite Industries, Mahindra & Mahindra and ICICI Bank. Infosys, NTPC and BHEL were the majo r losers.

Among the sectoral indices, metal was up 1.9%, consumer durables 1.03%, realty 0.85% and bankex 0.76%. Of the total 2,814 stocks traded, 2,050 advanced, 683 declined and 81 remained unchanged.

In the opening trade, the Sensex moved up by 153.77 points or 0.67 per cent to 20,662.86 points. The barometer had gained nearly 483 points in the previous three sessions.

The wide-based National Stock Exchange index Nifty also opened 44.05 points or 0.58 per cent high to 6,178.55 points.

Brokers attributed the good opening to upbeat sentiment in the New Year, as auto companies buoyed by strong growth in vehicle sales in December led the rally in stocks. Firming trend in the other Asian bourses also boosted the trading sentiment here.

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Published on January 03, 2011
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