Home ECONOMY Sensex rebounds, ends 100 points up

Sensex rebounds, ends 100 points up

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Mumbai, June 16:

A benchmark index for Indian equities, the sensitive index (Sensex) of the Bombay Stock Exchange, rebounded and closed 99.96 points — or 0.38 percent — up after volatile trading on Tuesday.

Sensex UpThe wider Nifty of the National Stock Exchange also closed 33.40 points or 0.42 percent higher.

The 30-share Sensex, which opened at 26,586.86 points, closed at 26,686.51 points — up 99.96 points or 0.38 percent — the previous day’s close at 26,586.55 points. It touched a high of 26,731.35 points and a low of 26,379.93 points in the day’s trade.

In Tuesday’s trade, good buying was observed in consumer durables, auto and power sectors, while selling pressure was seen in oil and gas sector.

It rebounded from intra-day fall of nearly 1 percent on value buying at lower levels, experts said.“

“Key benchmark indices pared intra-day losses to end higher on Tuesday amid a rebound in late trades led by Infosys and bank shares,” brokerage firm Sharekhan said.

Foreign funds remained net sellers to the tune of $91.42 million during the day.

Among the 12 sector-specific indices of the Mumbai bourse, consumer durables index surged by 1.18 percent, auto index moved up by 1.08 percent and bankex went up by 0.87 percent. However, oil and gas index fell by 0.15 percent.

The 100-scrip and 200-scrip indices were at 0.38 percent and 0.37 percent respectively. Mid-cap index was up by around 0.76 percent and small-cap stocks by 0.34 percent.

The major Sensex gainers on Tuesday were: Tata Power, up 2.57 percent at Rs.73.95; Bajaj Auto, up 2.44 percent at Rs.2391.35; State Bank of India, up 1.62 percent at Rs.254.60; and Hindustan Unilever, up 1.54 percent at Rs.834.55.

The losers were: Vedanta Ltd, down 1.46 percent at Rs.178.60; HDFC, down 1.35 percent at Rs.1,198.25; Dr.Reddy’s, down 1.01 percent at Rs.3,286.70; and Tata Steel, down 0.88 percent at Rs.294.45.

Among the Asian markets, Japan’s Nikkei went down by 0.64 percent, China’s Shanghai Composite Index plunged by 3.44 percent and Hong Kong’s Hang Seng was down by 1.10 percent.

In Europe, London’s FTSE 100 was down by 0.37 percent, France’s CAC 40 went down by 0.33 percent and Germany’s DAX Index was down by 0.47 percent at the closing in the Indian markets. (IANS)