Sensex rallies 146 pts; RIL, ONGC gain on diesel deregulation
rose around 2 per cent each after the government approved 50 per cent reduction in reserve price of spectrum used by CDMA operators.
The sentiment was also boosted following consistent buying by Foreign Institutional Investors bought shares worth net Rs 1,029.50 crore yesterday.
Most Asian stocks ended lower as key indices in Hong Kong, South Korea, Singapore, China and Taiwan declined by 0.07 per cent to 1.09 per cent while Japan's Nikkei inched up by 0.09 per cent.
European markets were also trading narrowly mixed as indices in London and Germany eased by 0.03 per cent and 0.34 per cent while France (CAC) moved up by 0.36 per cent.
Kishor P. Ostwal, CMD, CNI Research Ltd. said, "Nifty futures closed at 6052 after touching high of 6066. Oil stocks were the theme of the day."
Investors are now awaiting Q3 earnings from RIL and ITC tomorrow, said dealers.
Overall, 19 of the 30 Sensex-based scrips closed with gains while 10 finished with losses. Sterlite Ind ruled steady.
Major gainers from the Sensex were ONGC (3.66 pc), RIL (3.40 pc), Bharti Airtel (3.36 pc), Tata Motors (2.27 pc), Wipro (2.63 pc), SBI (1.46 pc), TCS (1.05 pc), HDFC Bank (0.96 pc) and Infosys ((0.91 pc).
However, Cipla dropped by 2.09 per cent, followed by ICICI Bank (1.39 pc) and Bajaj Auto (1.14 pc).
Among the sectoral indices, the BSE-Oil&Gas rose by 3.11 per cent, followed by BSE-Realty (2.05 pc), BSE-Teck (1.60 pc), BSE-PSU (1.41 pc) and BSE-IT (1.36 pc).
The total market breadth continued to remain negative as 1,137 stocks ended
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