Mumbai: A benchmark index of Indian equities market yesterday closed trade 0.94 percent or 182 points up, the highest in almost a month.
Almost all the sectors were in green except technology, media and entertainment and IT stocks. Those sectors, which showed upward movement were capital goods, auto, oil and gas, healthcare, banking index (bankex) and fast moving consumer goods.
The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,352.48 points, closed at 19,577.39 points, up 181.58 points or 0.94 percent from last Friday’s close at 19,395.81 points.
Sensex touched a high of 19,598.43 points and a low of 19,347.57 points intra-day. The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended 0.97 percent or 56.65 points up at 5,898.85 points.
The S&P BSE consumer durables index surged by 252.17 points, auto index moved up by 198.90 points, oil and gas increased by 138.86 points, healthcare rose by 108.41 points, bankex crawled up by 124.82 points and FMCG inched up by 136.16 points; while TECK index dipped by 16.09 points and IT index slipped by 100.23 points.
The prominent Sensex gainers were: Maruti Suzuki, up 4.37 percent at Rs1605.25; Sterlite Industries, up 3.89 percent at Rs86.75; Gail India, up 3.27 percent at Rs323.25; Larsen & Toubro, up 3.26 percent at Rs1,449.95; State Bank of India, up 3.17 percent at Rs2,015.60; and Tata Motors, up 2.91 percent at Rs289.65.
The losers were: Infosys, down 1.83 percent at Rs2,447.55; Tata Consultancy Services, down 1.76 percent at Rs1,491.70; and ONGC, down 0.55 percent at Rs.328.30.
Asian shares mixed
Meanwhile, Asian markets were mixed as another set of weak manufacturing data out of China offset a positive Japanese business confidence survey.
Tokyo rose 1.28 percent, or 175.18 points, to 13,852.50, thanks to a surge in the Bank of Japan’s quarterly Tankan report, which in turn boosted the dollar against the yen as dealers sought higher-risk investments.
Shanghai added 0.81 percent, or 16.04 points, to 1,995.24 despite the disappointing purchasing managers index (PMI) reports on the country’s factory activity. Sydney, where a number of listed firms rely heavily on Chinese investment, dropped 1.92 percent, or 92.3 points, to 4,710.3. Seoul was 0.41 percent lower, shedding 7.59 points to close at 1,855.73. Hong Kong and Bangkok were closed for public holidays.
Beijing’s official PMI, a closely watched gauge of manufacturing activity, came in at 50.1 in June, in line with expectations but down from 50.8 in May. Anything above 50 points to growth and anything below indicates contraction.
In Tokyo the Tankan survey of business confidence recorded a reading of “plus four”, its highest level since March 2011 and the first time it has been positive since September of that year.
In other markets: Wellington was 0.50 percent, or 22.12 points, lower at 4,418.05, while Singapore fell 0.30 percent, or 9.51 points, to 3,140.93. Taipei slipped 0.33 percent, or 26.21 points, to 8,036 and Manila added 0.95 percent, or 61.34 points, to 6,526.62.
AFP
