Sensex up 139 points

Our Bureau Mumbai | Updated on March 12, 2018

Sensex was up 139 points on the back of good demand for IT and capital goods stocks. The benchmark index opened on a positive note at 26,627 against the previous close of 26,493. It made a high of 26,683 and low of 26,512 before closing at 26,631.

The turnover on the BSE was down at Rs 3,898 crore against Rs 4,369 crore logged on Tuesday.

On the NSE, Nifty was up 43 per cent at 7,975.

Most cement stocks on the BSE gained on hopes that the demand will revive with the southwest monsoon receding slowly.

Among IT stocks, Infosys gained two per cent to Rs 3,740 as the company said during market hours that Japan’s leading retailer Muji has deployed its InteractEdge software which will provide superior shopping experience through real time insights into the buying behaviour of customers.

Tata Consultancy Services was up one per cent at Rs 2,588 while Wipro rose one per cent to Rs 567. Wipro said that the company's subsidiary Wipro Arabia has entered into a strategic partnership with Saudi-based Saudi Electricity Company, the largest power utility company in the Middle East serving about 5 million customers in Saudi Arabia. Tech Mahindra and HCL Techologies were up 0.24 per cent and one per cent at Rs 2,427 and Rs 1,626.

Capital goods stocks that gained include ABB (India) (up 6%), Bharat Heavy Electricals (up 2%), BEML (up 1%), Bharat Electronics (up 1.19%), Crompton Greaves (up 4%), L&T (up 0.25%), Punj Lloyd (up 0.26%) and Siemens (up 3%).

SAIL was down 2% to Rs 75.55 on unconfirmed news that the Government is likely to offer five per cent discount on stake sale slated between September 24 and 26.

Major gainers were Nalco (7%), ABB (6%), Pipava Dockyard (4%), Bajaj Fin Service (4%), Crompoten Greaves (4%), Infratel (4%), Andhra Bank (4%), J&K Bank (4%) and CESC (4%).

Prominent losers were Reliance Communication (-4%), Shriram City Union Finance (4%), IRB (-4%) and Indian Hotels (-3%).

Published on September 17, 2014

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