MUMBAI: Shrugging off weak global trends, the Bombay Stock Exchange benchmark Sensex today closed with a marginal gain of 22 points.
Helped by handsome gains made by IT stock Infosys Technologies, the 30-share Sensex recovered early losses to close higher by 21.65 points at 18,666.71.
Similarly, the broad-based National Stock Exchange index Nifty ended with a gain of 3.85 points at 5,607.85.
While Infosys Technologies, the second heaviest in the 30-stock Sensex pack, gained Rs 16.50 at Rs 2,872.05. Reliance Industries, which carries the maximum weigh in the Sensex, lost Rs 1.80 at Rs 960.05.
Brokers said trading activity was choppy as major market participants adopted a cautious approach amid Asian stocks tumbling.
Investors, however, later picked up fundamentally strong stocks such as ACC, Infosys, Hindustan Unilever, State Bank of India, Sterlite Industries and Tata Consultancy, which saved the market from deep losses.
ACC, the largest cement maker, extended gains after prices of the building material were increased. Its share price gained Rs 28.70 to settle at Rs 991.40,
On the other hand, Larsen and Toubro, the biggest engineering company, closed down by Rs 11.85 at Rs 1,864.40 and Reliance Infrastructure lost Rs 18.45 to end the day at Rs 1,023.25.
TOI
Helped by handsome gains made by IT stock Infosys Technologies, the 30-share Sensex recovered early losses to close higher by 21.65 points at 18,666.71.
Similarly, the broad-based National Stock Exchange index Nifty ended with a gain of 3.85 points at 5,607.85.
While Infosys Technologies, the second heaviest in the 30-stock Sensex pack, gained Rs 16.50 at Rs 2,872.05. Reliance Industries, which carries the maximum weigh in the Sensex, lost Rs 1.80 at Rs 960.05.
Brokers said trading activity was choppy as major market participants adopted a cautious approach amid Asian stocks tumbling.
Investors, however, later picked up fundamentally strong stocks such as ACC, Infosys, Hindustan Unilever, State Bank of India, Sterlite Industries and Tata Consultancy, which saved the market from deep losses.
ACC, the largest cement maker, extended gains after prices of the building material were increased. Its share price gained Rs 28.70 to settle at Rs 991.40,
On the other hand, Larsen and Toubro, the biggest engineering company, closed down by Rs 11.85 at Rs 1,864.40 and Reliance Infrastructure lost Rs 18.45 to end the day at Rs 1,023.25.
TOI
No comments:
Post a Comment