BSE Sensex up 67 pts to end near record close, ICICI Bank shares jump 2.7 pct

Mar 05 2014, 17:08 IST
Comments 0
BSE Sensex index closed at 21,265.49, near a record closing high of 21,373.66 hit on Jan. 23. BSE Sensex index closed at 21,265.49, near a record closing high of 21,373.66 hit on Jan. 23.
SummaryThe BSE Sensex index rose 0.26 percent to a close of 21,265.49.

The BSE benchmark Sensex today extended gains by rising 67 points to end near its record close on sustained buying driven by positive global cues.

Thawing of Ukraine crisis and upbeat economic data from China helped domestic markets, said traders.

After gaining 263.08 points in the previous session, the BSE Sensex advanced 67.13 points, or 0.32 per cent, to end at 21,276.86, a fresh six-week high.

Markets Top Gainers, Markets Top Losers

At this level, the index is just 100 points away from its record closing high of 20,376.56 on February 7.

ICICI Bank, whose shares jumped 2.7 per cent, alone contributed about 41 points to BSE Sensex's 67.13-point rise.

Seventeen stocks gained in 30-share Sensex while 13 ended lower. Major Sensex gainers include SBI, Infosys, Axis Bank, HDFC, Maruti Suzuki, L&T, ONGC, Sun Pharma and Cipla.

The 50-share NSE index Nifty crossed key 6,300 level by adding 30.70 points, or 0.49 per cent, to end at 6,328.65.

"Strength in global markets and positive economic data from China has boosted market sentiment. Sentiment shall also be impacted pre-elections and market may continue to show volatility ahead of the main elections time," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.

Election Commission announced dates for the high-stakes Lok Sabha elections to be held between April 7 and May 12.

Market sentiment remained bullish for the second day as fears of an imminent military conflict in Ukraine eased.

Overseas investors bought Indian shares worth Rs 185 crore yesterday, their eleventh straight day of buying, analysts said.

Sectorally, the BSE Realty sector index gained the most by rising 1.95 per cent, followed by Banking index (up 1.47 per cent), Capital Goods index (1.13 per cent) and Metal index (0.68 per cent).

HIGHLIGHTS

* BSE index gains 0.32 pct; NSE ends 0.49 pct higher

* As India sets election dates, traders brace for stocks rally

* Bharti Infratel jumps on tower sharing pact

India's BSE edges up near record closing high; blue-chips surge

(Reuters) India's benchmark BSE index gained 0.3 percent on Wednesday to approach a record closing high hit last month, extending a recent rally as continued buying by foreign investors boosted stocks of blue chip companies such as ICICI Bank.

Overseas investors bought Indian shares worth 1.85 billion rupees ($29.9 million) on Tuesday, extending their buying streak to a

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...