Sensex rises 158 points in early trade

Sensex rebounds 176 points to finish at 33,970

Boosted by chart-topping gains in shares of index-heavyweight Reliance Industries and a firm trend in shares of metal and banking stocks, domestic share indices started today's session on a positive note, mirroring similar trend in most global equity markets.

At 1.00 p.m., the 30-scrip S&P BSE Sensex, which had previously closed at 33,812.26 points, traded at 33,878.32 points, up 66.06 points or 0.20 per cent.

The Sensex closed up 176.26 points or 0.52% at 33969.64, while the Nifty was up 61.60 points or 0.59% at 10504.80.

Intra-day, it hovered between 10,503.60 and 10,429.55. Domestic institutional investors (DIIs) also bought equities to the tune of Rs 64.70 crore.

Major Sensex gainers on Thursday were: Tata Steel, up 3.74 per cent at Rs 760.75; Dr Reddy's Lab, up 3.14 per cent at Rs 2,409.50; Larsen and Toubro, up 3.08 per cent at Rs 1,315.14; ONGC, up 2.92 per cent at Rs 199.35; and Asian Paints, up 2.71 per cent at Rs 1,172.05.

The Dow Jones Industrial Average rose 0.4%.

Hero MotoCorp edged up 0.17 per cent following a healthy 43 per cent jump in December sales.

Fertiliser stocks were in demand.

Data released during market hours revealed that the seasonally adjusted Nikkei India Services PMI Business Activity Index registered an overall increase from 48.5 in November to 50.9 in December. IT, oil and gas, teck and healthcare were the other losers in the sectoral space. The German DAX and France's CAC 40 index both climbed by 0.8 percent while the U.K.'s FTSE 100 inched up 0.3 percent.

The US dollar extended gains against basket of currencies in early Asian trade, after upbeat US data and supportive minutes from the Federal Reserve's latest policy meeting helped it shake off recent weakness. The Japanese market was shut.

Sectorwise, the S&P BSE consumer durables index rose by 578.32 points, followed by metal index by 420.56 points and capital goods index by 408.55 points.

Related:

Comments

Latest news

Kaalakaandi: Will it revive Saif Ali Khan's career
Kaalakaandi - a Marathi slang for a situation gone terribly wrong - is said to be a black comedy on life, death and karma. He rarely praises a film and whenever he does, those films always impress a wide section of audiences.

Don't extinguish migrants' hopes, Pope says on World Day of Peace
Vatican City - Pope Francis on Monday used his New Year homily to urge peace and understanding for migrants and refugees. Pope Francis delivers his Christmas blessing "urbi et orbi" (to the city and the world) from the central balcony of St.

'Temperatures are forecast to fall rapidly': Icy conditions prompt special weather statement
Spring-like temperatures in Newfoundland Friday, while temperatures take rapid plunge across Labrador. Surfaces such as highways, roads, walkways and parking lots will become icy, slippery and hazardous.

Russia: Military bases in Syria attacked by drones
The Defense Ministry said the solutions employed by the militants could have been obtained only from an industrialized country. The agreement has helped reduce fighting significantly and contributed to warmer ties between Russian Federation and Turkey .

Mormon Church Leader Thomas Monson Dies at 90
Monson served as the 16th President of the Church of Jesus Christ of Latter Day Saints (LDS) since 2008, according to Reuters . According to The Salt Lake Tribune , Thomas became a bishop at a Salt Lake City congregation with over 80 widows at age 22.

Other news