Mumbai, Aug 22 (UNI) The equity market remained firm for the third straight session on Thursday, however with modest gains as the BSE Sensex rose 148 points to close at 81,053.19, getting a signal from the US Federal Reserve at least one rate cut in September.
The National Stock Exchange (NSE) Nifty also rose 41.30 points at 24,811.50.
Positive US economic data has eased recession fears, Asian and European markets have also registered gains and the Domestic Institutional Investors (DIIs) have bought equities for 14 straight sessions. All these factors have been driving market optimism.
The market remained positive throughout the session, as the BSE opened on a strong note at 81,207.24, up 302 points. It rallied 331 points at 81,236.45, a day high, before closing at 81,053.19, advancing 147.89 points from its previous close.
The NSE registered days high and low at 24,867.35 and 24,784.45 points respectively.
The Foreign Institutional Investors (FIIs) sold equities in the cash segment to the tune of Rs 799 crore while the DIIs had bought worth Rs 3097 crore in the last trading session on Wednesday, according to data available.
The Mid-cap rose by 0.67% and Small-cap by 0.47%. In the 30-scrips BSE Sensex, shares of 17 companies advanced as they ended in green while of 13 companies fell from their previous close and closed in red.
The gainers were Bharti Airtel by 1.60% to Rs 1487.65, Tata Steel by 1.38% to Rs 154, ICICI Bank to Rs 1190.90 and Titan by 1% to Rs 3595.40.
The losers were M & M by 1.20% to Rs 2736.90, NTPC to Rs 403.80, Tata Motors by 1.16% to Rs 1072.50 and TCS by 1.13% to Rs 4500.25.
