Monday, July 4, 2011
Sensex Closes 52 Points Higher; Reliance Infra, DLF Lead The Gains
Bombay Stock Exchange (BSE) benchmark SENSEX day recovered almost 19 000-mark at the start but lost steam to trade end the day only 52 cross-section of trading.
Markets opened a promising note by the BSE 30-share index rising by more than 170 18942.42 points. But profit margins and selling higher trimmed most SENSEX closed 51.68 points or 0.28 per cent higher than 18,814.48.
A broad-based NSE Nifty 50-Theme from 23.30 points, or 0.41 percent 5,650.50.
Realty shares continued to attract good buying support and BSE Realty index rose 3.66 percent by the end date at the top gainer among sectoral indices.
Consumer durables and banking stocks the next day, the most successful.
".. The surprise jump in U.S. manufacturing gauge Friday sent the shares on Wall Street sharply higher Most Asian markets traded positive bias All eyes will be on the U.S. monthly jobs data Friday after interest rate decisions in the UK and the euro zone," says Amar Ambani, head of research, IIFL - Indian housing.
Preliminary data, foreign institutional investors began to shares worth Rs599.66 crore on Friday to expand its purchases on the seventh consecutive session.
Other markets in Asia also closed higher. The key to compare the indices in Hong Kong, Japan, Singapore, South Korea and Taiwan were between 0.40 percent and 1.94 percent.
European shares mixed in afternoon trading on trade, rose the most important indices in Germany and the UK, with 0.08 percent and 0.29 percent, while the French CAC eased 0.10 percent.
Back home, was 11 of 13 sectoral indices of BSE at the same time, the BSE CG BSE FMCG and ended in defeat. Durable goods (1.99 percent), bank shares (1.09 percent) and BSE Auto (0.91 percent) were also in demand.
"For the Indian markets, the latter may trigger a short-term business results and RBI's monetary policy meeting later this month.
"Advances in the southwest monsoon, with the development of FII flows and the potential for positive surprises to influence policy towards the feelings," says Ambani.
Realty sector index SENSEX gains led by Reliance Infra and DLF rose 6.84 percent and 6.01 percent.
Among other gainers, rose Rel Com 3.29 percent, Hindalco (1.90 per cent), Tata Motors (1.76 percent), Jaipra Asso (1.72 percent), M & M (1.45 percent), HDFC Bank (1.42 percent), Maruti Suzuki (1.09 percent), Sterling Ind. (1.00 percent), RIL (0.70 percent), SBI (0.51 per cent) and ICICI Bank (0.46 percent).
The total BSE market breadth was positive as 1766 shares developed in 1075 ready for the red than green. Total revenues in further improving the RS3, RS2 from 004.05 crore, 756.53 crore in the past.
Labels:
Business News,
Sensex
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