Sensex continues winning streak, ends 60 points higher

Tuesday, August 25, 2009
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Mumbai: Despite weak global markets, Indian equities continued their winning streak for the fourth consecutive session 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 percent. The chart showing the 52 week performance of Sensex is on the left. 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 percent. Broader market indices similarly ended in the green, with the BSE midcap index closing 0.58 percent higher and the BSE smallcap index ending 1.5 percent 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 percent; Wipro, up 3.86 percent; Reliance Industries, up 2.51 percent and Reliance Communication, up 2.2 percent. The leading losers are State Bank of India, down 2.36 percent; BHEL, down 1.76 percent; Bharti Airtel, down 1.62 and ICICI Bank 1.07 percent. 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 percent. 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 percent at 20,435.24 points. In Britain, the FTSE 100 index was ruling 0.22 percent lower at 4,885.29 points. Its French peer, the CAC 40, was down 0.06 percent at 3,650.11 points. Germany's DAX was also ruling negative at 5,516.17 points, down 0.06 percent.
Source: IANS
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