Markets

Sensex up 59 points on selective buying; IT, bank stocks major gainers

Our Bureau PTI Mumbai | Updated on November 25, 2017 Published on August 22, 2014

The Sensex and the Nifty ended the session marginally in the green on selective buying by funds and retail investors amid mixed European cues.

The 30-share BSE index Sensex ended at 26,419.55, up 59.44 points and the 50-share NSE index Nifty closed at 7,913.20, up 22.1 points.

Among BSE sectoral indices, IT index gained the most by 1.63 per cent, followed by banking 1.03 per cent and TECk 0.97 per cent. On the other hand, realty, FMCG and power indices succumbed to selling pressure and were down 0.82 per cent, 0.51 per cent and 0.35 per cent, respectively.

Hindalco, SBIN, HDFC Bank, Infosys and TCS were the major Sensex gainers, while the major losers were Coal India, HDFC, Bharti Airtel, Hero MotoCorp and HUL.

The 30-share BSE index Sensex rose 111.09 points or 0.42 per cent to trade at 26,471.20 in the opening session, approaching its life-time high of 26,530.67 reached on August 19. It had gained 45.82 points in yesterday’s session.

Similarly, the NSE index Nifty also maintained its upward journey and breached all the previous records by surging 33.80 points, or 0.42 per cent to trade at an all-time high of 7,924.90, surpassing its previous record high of 7,922.70 touched on August 20.

European stocks fell, paring their biggest weekly gain in six months, as investors awaited a speech by Federal Reserve Chair Janet Yellen for clues about the interest rate outlook.

Asian shares were up as the US markets closed at another record-high on Thursday on the back of decline in new claims for unemployment.

The Stoxx Europe 600 Index fell 0.3 per cent to 336.53 at 10.31 a.m. in London. Standard & Poor’s 500 Index futures fell below 0.1 per cent, while the MSCI Asia Pacific Index gained 0.2 per cent.

Published on August 22, 2014
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