Sensex ends higher in volatile trade

Agencies
Posted: 2009-01-06 17:17:04+05:30 IST
Updated: Jan 06, 2009 at 1717 hrs IST

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Sensex gains 255 pts on soft Rail budget Sensex ends with a gain of 13.02 pts Sensex rises 151 points in volatile trade Sensex closes 291.90 points in red

Mumbai: In volatile trading, the Bombay Stock Exchange benchmark Sensex on Tuesday maintained an uninterrupted rally in 2009 by adding over 60 points, extending a surge in financial stocks on speculation that gains from their bond holdings will boost earnings.

The Sensex, which commenced the year 2009 on a promising note, went up for the fourth straight session by rising 60.33 points at 10,335.93. The key index touched the day's high of 10,392.12 and a low of 10,150.68 points.

The benchmark made a net gain of 432 points in the last four trading sessions beginning on January 1, after the government announced the second stimulus package to boost economic growth and leading banks cut key interest rates.

As many as 17 of the Sensex stocks were higher while other 13 remained weak on profit selling. However, Satyam Computer rose by 7.31 per cent, ACC by 7.67 per cent, Mahindra and Mahindra by 7.23 per cent and Jaiprakash Associate by 7.34 per cent, bolstering trading sentiment.

The 50-share National Stock Exchange index Nifty, on the other hand, fell by 8.65 points at 3,112.80, after touching the day's high of 3,141.80 and a low of 3,056.10 points.

A parallel rally in the Nifty was snapped today as Bharti Airtel, Unitech, DLF Ltd, Reliance Communications, ABB Ltd and Tata Power -- constituents of the index -- ended lower.

The metal segment index gained the most by 2.02 per cent at 5,987.46 as Hindustan Zinc rose by 9.25 per cent, SAIL by 5.35 per cent, Sterlite Industries by 4.52 per cent, Jindal Steel by 5.05 per cent and Tata Steel by 0.67 per cent.

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