Sensex up 41 pts, Nifty 10; HUL soars
After plunging below 17,000 level in two days of sustained selling, the Sensex today opened marginally higher and stayed in the positive zone after reports said China's manufacturing output in July grew at its fastest pace in nine months.
The BSE benchmark index touched day's high of 16,962.74 after shares of Hindustan Unilever shot to 52-week high after April-June quarter profits doubled. It closed 7.5 per cent up.
In range-bound trade, the 30-share index closed at 16,918.08, up 40.73 points or 0.24 per cent with 14 shares, including Sterlite, Maruti, Bharti, ONGC, RIL and ITC ending with gains.
Fifteen other stocks ended lower led by Wipro, that lost three per cent. The IT company slumped to a nine-month low after muted guidance. L&T, Sun Pharma and Bhel were the other big losers. Tata Motors was unchanged.
The 50-share National Stock Exchange index Nifty gained 10.25 points, or 0.20 per cent to end at 5,128.20.
Brokers said there was some profit-booking in the latter half of the day as Moody's downgraded Germany, Luxembourg and the Netherlands. Germany's private sector also shrank in July.
"European indices remained mixed and selling continued on the back of Chinese and German factory data, raising fears," said Nidhi Sarswat, Sr. Research Analyst, Bonanza Portfolio.
In Europe, Germany's DAX, France's CAC and the UK's FTSE were trading with marginal losses while in Asia, Japan's Nikkei,
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