Cheerful End To Samvat 2070, BSE Sensex Up 211 Pts At 1-Month High


Out of the 21 winners in the Sensex today, major contributors include BHEL (up 1.89 pc), Cipla (3.43 pc), Dr Reddys (2.13 pc), HDFC (0.89 pc), Hind Unilever (1.02 pc), L&T (2.59 pc), RIL (1.81 pc) and Wipro (1.47 pc).

Auto shares were at the forefront and led gainers, supported by expectations of strong numbers during ongoing festive season and robust sale on Dhanteras yesterday. Prominent stock gainers were Hero MotoCorp, Maruti Suzuki, Bajaj Auto and Tata Motors that gained 3-4 per cent.

“Expect market to remain bullish from this Samvat to the next but volatility is likely to continue. In this rally so far, IT, Pharma, Auto Consumer, Banking had been the leaders. Cements and Infra would do well in the coming year considering Modi government’s focus has been on building new cities,” said S K Goel, Director, Bonanza Portfolio Ltd.

In Samvat 2070, Sensex has recorded a handsome gain of 5,590.42 points, or 26.37 per cent from the closing of last Samvat 2069 (November 1, 2013). The NSE Nifty registered a hefty rise of 1,688.70 points, or 26.77 per cent.

Meanwhile, the provisional data released by the stock exchanges showed Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 32.40 crore yesterday.

Source: PTI