Sensex Closes 81 Points Higher as August Derivatives End

Thursday, August 30, 2012
Print Print Email Email
News Content Image

Mumbai: Erasing early day losses, a benchmark index of Indian equities markets closed 81 points higher Thursday as traders rolled over positions to the September series of futures and options following expiry of the August series. Realty, health care and banking stocks were the best performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,433.50 points, closed at 17,571.81 points (provisional), 0.46 percent or 81 points up from its previous day's close at 17,490.81 points.

The Sensex touched a high of 17,605.51 points and a low of 17,367.55 points in intra-day trade.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was ruling 0.61 percent up at 5,320.20 points.

On the sectoral front, the BSE realty index was up 24.72 points followed by health care index, up 56.58 points, and banking index, up 85.01 points.

The major gainers were Hindalco Inds, up 2.60 percent at Rs.106.45; Tata Motors, up 1.71 percent at Rs.238; HDFC, up 1.68 percent at Rs.727.20; Cipla, up 1.56 percent at Rs.372; and BHEL, 1.43 percent at Rs.219.50.

The main Sensex losers were Jindal Steel, down 2.43 percent at Rs.351.10; Gail, down 2.38 percent at Rs.356.10; Tata Steel, down 2 percent at Rs.366.90; Hero MotoCorp, down 1.47 percent at Rs.1,822.50; and Maruti Suzuki, down 1.42 percent at Rs.1,151.90.

Other Asian markets closed lower. Japan's Nikkei closed 0.95 percent down while Shanghai's composite index ended 0.03 percent lower. Hong Kong's Hang Seng closed 1.19 percent down.

At the closing bell here, European markets were also trading lower. France's CAC was down 0.26 percent and so was Germany's DAX, down by 0.59 percent. Britain's FTSE 100 was down 0.12 percent.

Source: IANS
Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..