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Sensex bounces back; Oil & Gas, power up

This article was posted on Jun 23, 2009 and is filed under Market News

MUMBAI: Benchmarks bounced back in the positive terrain on Tuesday as sentiments turned bullish with the positive European markets. Buying
activity in heavyweight Reliance Industries also helped the benchmarks to erase losses.

At 2:45 pm, Bombay Stock Exchange’s Sensex was at 14338.07, up 11.85 points or 0.08 per cent. The index touched an intra-day high of 14352.31 and low of 14016.95.

National Stock Exchange’s Nifty was at 4251.40, up 16.15 points or 0.38 per cent. The broader index touched an intra-day low of 4143.25 and high of 4253.20.

BSE Midcap Index was down 0.17 per cent and BSE Smallcap Index slipped 0.77 per cent.

Amongst the sectoral indices, BSE Oil&gas Index gained 2.50 per cent, BSE Power Index 1.76 per cent and BSE IT Index 1.66 per cent. BSE Bankex declined 2.27 per cent and BSE Metal Index slipped 1.93 per cent.

Grasim Industries (3.97%), Reliance (3.45%), Tata Motors (3.42%), NTPC (2.88%) and ONGC (2.66%) were amongst the Sensex gainers.

ICICI Bank (-3.71%), HDFC Bank (-3.51%), Hindalco Industries (-3.08%), ITC (-2.61%) and Mahindra & Mahindra (-2.29%) were Sensex losers.

Market breadth was negative on the BSE with 1556 declines and 954 advances.

European market moved higher led by gains in pharmaceutical stocks. FTSE 100 was up 0.46 per cent, DAX inched 0.72 higher and CAC 40 was up 0.21 per cent.

source: Economictimes

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