Wednesday, August 26, 2009

Sensex continues winning streak, ends 60 points higher

MUMBAI, Aug 25: Despite weak global markets, Indian equities continued their winning streak for the fourth consecutive session on Tuesday, with a key index ending 60 points higher than its previous close. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened lower 15,573.91 points, ended at 15,688.47 points, up 59.72 points or 0.38 per cent.

After opening 55 points lower on weak global cues, the index slipped to a low of 15,423.39 points, but managed to crawl back into the green on fresh buying. It touched an intra-day high of 15,735.32 points. The broader-based Nifty of the National Stock Exchange (NSE) also closed in the positive terrain at 4,659.35 points, up 36 per cent.

Broader market indices similarly ended in the green, with the BSE midcap index closing 0.58 per cent higher and the BSE smallcap index ending 1.5 per cent up. The market breadth was positive, with 1,681 stocks advancing, 1,060 declining and 75 remaining unchanged.

Of the 30 stocks on the Sensex, the major gainers include Tata Motors, up 7.1 per cent; Wipro, up 3.86 per cent; Reliance Industries, up 2.51 per cent and Reliance Communication, up 2.2 per cent.

The leading losers are State Bank of India, down 2.36 per cent; BHEL, down 1.76 per cent; Bharti Airtel, down 1.62 and ICICI Bank 1.07 per cent.

In other Asian markets, a key index at the Shanghai Stock Exchange plummeted 4.58 percent to close at 2,259.55 points. The Nikkei, a key index of the Tokyo Stock Exchange, also closed lower at 10,497.36 points, down 83.69 per cent. The Hang Seng, a primary index of the Hong Kong Stock Exchange, too ended on the losing side, shedding 100.7 points or 0.49 per cent at 20,435.24 points.

In Britain, the FTSE 100 index was ruling 0.22 per cent lower at 4,885.29 points. Its French peer, the CAC 40, was down 0.06 per cent at 3,650.11 points. Germany’s DAX was also ruling negative at 5,516.17 points, down 0.06 per cent. (IANS)

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