Home  |  Advertise  |  Contact Us
11:09 am - Wednesday January 24, 2018

Sensex rises 45.63 pts to all-time-high at 33,731.19 on brisk buying in FMCG


The benchmark index of Bombay Stock Exchange (BSE) edged higher in a volatile trade on Monday by 45.63 points to end at a fresh high of 33,731.19 due to brisk buying in select stocks such as FMCG, Industrials and Realty.

While, the Nifty of National Stock Exchange (NSE) ended the session on a negative note at 10,451.80, down by 0.70 points. A see-saw trend was seen during the day, as the Sensex went up by 25 points to 33,710.15 in early trade and then advanced by 163 points to touch a day’s high at 33,848.42 before noon.

It, however, slippedin red by 103 points to hit the day’s low of 33,582.38 during intra day, but recovered in late trade to end positive at 33,731.19, up by 45.63 points as compared to its previous close.

The sectoral indices that supported the market were Materials, FMCG, Industrials, IT, Auto and Realty, along with scrips, of Tata Motors DVR, ONGC, Tata Motors and M&M.While, Sun Pharma, NTPC and Bharti Airtel declined that capped further gains of the Sensex, brokers said.

Mixed cues from global markets spoiled investors’ sentiment. Investors were cautious as US President Donald Trump is on a 12-day five-nation tour of Asia. Political unrest in Saudi Arabia also added to investor jitters in Asia.

Among secondary barometers, the BSE Mid-Cap index rose 0.46 per cent. The Small-Cap index went up 0.31 pc. Both these indices outperformed the Sensex.The market breadth was positive on BSE, as 1,424 shares advanced against 1,412 and 154 were unchanged.

The total turnover on BSE amounted to Rs 5,109.66 crore, compared with a turnover of Rs 15,285.99 crore registered during the previous trading session.The sectoral indices that advanced were Consumer Durables up by 8.60 pc, Auto by 1.16 pc, Consumer Discretion Goods & Services by 1.09 pc, IT by 0.88 pc, Industrials by 0.68 pc and Materials by 0.23 pc.

While, Telecom by 1.08 pc, Energy by 0.48 pc, Utilities by 0.33 pc and Finance by 0.27 pc, edged lower.Auto shares were mixed. Tata Motors advanced 3.21 pc, Ashok Leyland by 1.82 pc and TVS Motors Company by 1.53 pc.

While, Hero MotoCorp eased by 0.04 pc, Eicher Motors by 0.22 pc, Bajaj Auto by 0.28 pc and Escorts by 1.21 pc. Car major Maruti Suzuki India went up 1.01 pc to Rs 8,299.45.

Mahindra & Mahindra (M&M) rose 2.70 pc to Rs 1367.05 after the company announced on Friday that the offer price for the initial public offer (IPO) of its subsidiary Mahindra Logistics has been fixed at Rs 429 per share.

State-run Coal India fell 0.10 pc to Rs 286.30 after the company issued a clarification with reference to media reports suggesting that Odisha government slapped Rs 20,169 crore penalty on Coal India arm. The company clarified that 24 show cause notices have been received in different projects of Mahanadi Coalfields for totalamount of Rs 20,169 crore.

Public lender UCO Bank dropped 3.30 pc to Rs 33.65 after the bank announced on Friday that it has posted a net loss of Rs 622.56 crore in Q2 September 2017 as against net loss of Rs 384.83 crore in Q2 September 2016.

Total income fell 24 pc to Rs 3,757.51 crore in Q2 September 2017 over Q2 September 2016.

Posted in: Business

You might like:

Modi meets global CEOs, displays ‘unique style’ Modi meets global CEOs, displays ‘unique style’
NIIT PAT rises by 350 percent NIIT PAT rises by 350 percent
Australian Open: Bopanna, Babos enter quarter-finals Australian Open: Bopanna, Babos enter quarter-finals
Here’s the complete Winners’ list of 63rd Filmfare Awards! Here’s the complete Winners’ list of 63rd Filmfare Awards!