SENSEX 17538.67 +75.86
NIFTY 5327.30 +24.75
USD/INR 0055.02 +00.46
NASDAQ 2976.08 +24.85
GOLD 29718.00 +147.00
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UPDATEDTIME 09.28 PM 05 JULY 2012
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The Sensex today
gained for the third straight day by adding nearly 76 points to end at
17,538.67, its highest closing in 3 months, amid mixed global trends ahead of a
key European Central Bank meeting.
The BSE benchmark index, which gained 64 points in the last two days, opened higher but soon dipped to the day's low of 17,423.45 as the rupee weakened to below 55 against the dollar.
After trading in a narrow range, the Sensex finally ended at 17,538.67, up 75.86 points or 0.43 per cent. This was the highest close after the index ended at 17,597.42 on April 3.
Today's gains were led by FMCG, banking and capital goods scrips. The 21 gainers in the 30-share index included Cipla, ICICI Bank, Tata Motors and ITC while the nine losers were led by ONGC, Bajaj Auto,Coal India and Sterlite Industries.
On similar lines, the 50-share National Stock Exchange index, Nifty, rose by 24.75 points or 0.47 per cent to 5,327.30.
Investors, edgy to buy largecaps, put money in smallcaps and midcaps, brokers said. The BSE Midcap and Smallcap indices rose 0.90 and 1.64 per cent, respectively.
The market breadth closed on a positive note with 1,946 shares closing with gains out of the 3,012 shares traded.
Globally, sentiment were mixed with Japan's Nikkei and China's Shanghai Composite ending lower while the UK's FTSE and Germany's DAX were trading marginally higher in early trade.
In the Indian market, shares of retail companies including Koutons Retail, Trent and Pantaloon jumped amid speculation that government may finally allow foreign direct investment in the multi-brand retail sector.
The BSE benchmark index, which gained 64 points in the last two days, opened higher but soon dipped to the day's low of 17,423.45 as the rupee weakened to below 55 against the dollar.
After trading in a narrow range, the Sensex finally ended at 17,538.67, up 75.86 points or 0.43 per cent. This was the highest close after the index ended at 17,597.42 on April 3.
Today's gains were led by FMCG, banking and capital goods scrips. The 21 gainers in the 30-share index included Cipla, ICICI Bank, Tata Motors and ITC while the nine losers were led by ONGC, Bajaj Auto,Coal India and Sterlite Industries.
On similar lines, the 50-share National Stock Exchange index, Nifty, rose by 24.75 points or 0.47 per cent to 5,327.30.
Investors, edgy to buy largecaps, put money in smallcaps and midcaps, brokers said. The BSE Midcap and Smallcap indices rose 0.90 and 1.64 per cent, respectively.
The market breadth closed on a positive note with 1,946 shares closing with gains out of the 3,012 shares traded.
Globally, sentiment were mixed with Japan's Nikkei and China's Shanghai Composite ending lower while the UK's FTSE and Germany's DAX were trading marginally higher in early trade.
In the Indian market, shares of retail companies including Koutons Retail, Trent and Pantaloon jumped amid speculation that government may finally allow foreign direct investment in the multi-brand retail sector.
Among sectoral indices, the BSE FMCG
Index was up 0.93 percent, the BSE Capital Goods Index gained 0.86 percent, the
BSE Bankex moved 0.8 percent higher and the BSE Power advanced 0.77 percent.
The BSE Metal Index was down 0.31 percent and the BSE Oil & Gas Index
declined 0.19 percent.
IDFC (3.33 percent), Cipla (2.47 percent), ICICI Bank(1.57 percent), Maruti Suzuki (1.52 percent) and ITC(1.48 percent) are among the major Nifty gainers.
ONGC (2.39 percent), Asian Paints (2.21 percent), Bajaj Auto (1.47 percent), Dr Reddy's Laboratories (1.17 percent) and Sterlite Industries (0.90 percent) are the Losers.
Reliance Industries advanced 0.8 percent, on hopes of better refining margins in the second half of this year after a recent underperformance in the stock, Reuters reported.
The Bajaj Auto stock was also down due to adjustments after the company announced a dividend of Rs 45 per share. It cut prices of 2- and 3-wheelers in Sri Lanka to bring back volumes lost post the excise duty hike in the country, ET Now reported.
Shares of retail companies were up on strong volumes spurred by hopes that the government may allow FDI in retail after the presidential elections.
The market breadth was positive on the NSE with 1,118 gainers and 387 losers.
The rupee continued to remain weak below the 55-per-dollar mark on the back of demand for the greenback from importers and banks. The partially convertible rupee was at 55.06, down 58 paise against its previous close of 54.48.
IDFC (3.33 percent), Cipla (2.47 percent), ICICI Bank(1.57 percent), Maruti Suzuki (1.52 percent) and ITC(1.48 percent) are among the major Nifty gainers.
ONGC (2.39 percent), Asian Paints (2.21 percent), Bajaj Auto (1.47 percent), Dr Reddy's Laboratories (1.17 percent) and Sterlite Industries (0.90 percent) are the Losers.
Reliance Industries advanced 0.8 percent, on hopes of better refining margins in the second half of this year after a recent underperformance in the stock, Reuters reported.
The Bajaj Auto stock was also down due to adjustments after the company announced a dividend of Rs 45 per share. It cut prices of 2- and 3-wheelers in Sri Lanka to bring back volumes lost post the excise duty hike in the country, ET Now reported.
Shares of retail companies were up on strong volumes spurred by hopes that the government may allow FDI in retail after the presidential elections.
The market breadth was positive on the NSE with 1,118 gainers and 387 losers.
The rupee continued to remain weak below the 55-per-dollar mark on the back of demand for the greenback from importers and banks. The partially convertible rupee was at 55.06, down 58 paise against its previous close of 54.48.
Regards
RAKESH MAKIN
+91, 9041667797(DIRECT),
9915684997
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
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