Sensex rebounds 91 points, Reliance Comm surges 10 percent (Roundup)

Friday, December 24, 2010

MUMBAI - A benchmark index of the Indian equities market closed 91 points higher Friday, snapping two-day losing streak on the back of good buying support in consumer durables and FMCG stocks.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 19,911.46 points, settled at 20,073.66 points, up 0.45 percent or 90.78 points, from the previous close of 19,982.88 points.

The Sensex touched a high of 20,086.42 points and low of 19,880.36 points in the intra-day.

Reliance Comm surged 10.51 percent to Rs.141.90 at the BSE. Reliance Infra gained 3.4 percent.

At the National Stock Exchange 50-share S&P CNX Nifty settled above 6,000 points mark. The Nifty closed 31.60 points up at 6,011.60 points.

At the broader market the BSE midcap index rose 0.25 percent and the BSE smallcap index settled 0.32 percent higher.

Among the sectoral indices, the BSE consumer durables index climbed 1.79 percent, FMCG index 1.33 percent and metal index 1.37 percent.

Sterlite Inds, up 2.58 percent at Rs.184.80; Hindalco Inds, up 2.42 percent at Rs.239.35; ITC, up 1.80 percent at Rs.169.85; Tata Steel, up 1.78 percent at Rs.673.35; and Bharti Airtel, up 1.69 percent at Rs.348.50 were among the major gainers at the Sensex.

Only six of the 30 Sensex scrips closed in the red. Tata Motors, down 3.17 percent at Rs.1,306.10; BHEL, down 1.01 percent at Rs2,284.75; ICICI Bank, down 1.01 percent at Rs.1,119.05; and ONGC, down 0.48 percent at Rs.1,294.60 were among the major losers at the Sensex.

Market breadth was positive on the BSE with 1,578 advances against 1,266 declines.

Other Asian markets ended in the red. The Shanghai Composite Index fell 0.70 percent to 2,835.16 points, the Hong Kong’s Hang Seng declined 0.30 percent at 22,833.80 points and the Japanese Nikkei settled 0.65 percent down at 10,279.20 points.

Filed under: Economy

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