Sensex gains 13 points, Rupee regains 54-mark

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SummaryIn choppy trade, the BSE benchmark Sensex on Monday closed 13 points higher as gains in Tata Motors and IT stocks marginally outweighed the losses in ONGC, ITC and Reliance Industries amid mixed global cues

In choppy trade, the BSE benchmark Sensex on Monday closed 13 points higher as gains in Tata Motors and IT stocks marginally outweighed the losses in ONGC, ITC and Reliance Industries amid mixed global cues.

After trading in a tight 110-point range, the Sensex closed 13.09 points higher at 19,255.09 — snapping a two-session falling trend where it had lost 234 points.

According to market participants, the trading sentiment was dull on account of Christmas holiday on Tuesday and expiry of derivative contracts on December 27. Traders stayed cautious, leading to narrow movements, they added.

Meanwhile, snapping its two-session losing streak, the rupee on Monday reclaimed the 54-mark, gaining 11 paise against the dollar to close at 54.95 on fresh selling of the US currency by exporters amid sustained capital inflows.

Over the previous two sessions, the rupee had dipped by 51 paise.

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