Stocks

Sensex ends marginally higher

PTI Mumbai | Updated on March 09, 2011

The Bombay Stock Exchange benchmark Sensex today ended higher by 30 points after a volatile trade as investors indulged in adjusting their portfolios on easing political concerns and dropping crude oil prices.

The 30-share index of the Bombay Stock Exchange closed with a moderate gain of 30.30 points at 18,469.95. During the day, the barometer touched a high of 18,583.30 points and a low of 18,303.80 points.

In a similar fashion, the broad-based National Stock Exchange index Nifty closed up by 10.2 points at 5,531 points.

Putting to rest political worries, the DMK, an ally of the UPA Government at the Centre, agreed to a seat-sharing deal with the Congress for the coming Tamil Nadu elections.

A better trend in the Asian region as cheer from a drop in crude oil prices also supported the market to some extent.

Crude oil prices fell from a 29-month high in the global markets, eroding inflationary concerns and reducing the fears of another interest rate hike.

Maximum support to the gauge came in from the realty, consumer durables, auto and power sector stocks, while a weak trend in healthcare and IT sectors on profit-selling mainly capped the gains.

Market leader Reliance Industries gained nearly 1 per cent which also supported the market.

The realty sector index gained the most by rising 1.74 per cent to 2,106.44 followed by consumer durables index 0.88 per cent to 5,791.41. The auto index rose 0.72 per cent to 8,854.54 and power index by 0.48 per cent to 2,597.79.

As investors indulged in adjusting their portfolios with low value strong stocks, small cap index rose 0.82 per cent to 8,009.65 and mid cap index 0.65 per cent to 6,604.72.

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Published on March 09, 2011
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