Bombay Stock Exchange. Photo Courtesy: AP
Bombay Stock Exchange. Photo Courtesy: AP

Sensex rises 151 points in volatile trade

Wed-Jul 01, 2009

Mumbai / Press Trust of India

The BSE benchmark Sensex went up over 151 points in choppy trade on Wednesday as nervousness ahead of the Budget next week kept gains in check after the market had slipped two per cent in the previous session.

The Sensex, which commenced the day higher and tumbled to touch a low of 14,355.52, closed at 14,645.47, showing a gain of 151.63 points.

The 50-share National Stock Exchange index Nifty rose 49.80 points at 4,340.90 after touching a low of 4,249.70. It touched the day's high of 4,362.30 points.

Marketmen said trading sentiment was mixed as brokers and funds shifted portfolios ahead of the general Budget on Monday.

They said buying was mostly in construction and engineering sector stocks on hopes that the government is likely to invest in a big way to revive infrastructure sector.

Among the 30 BSE stocks, five ended with losses while 25 recorded moderate to notable gains. Reliance Industries was up 1.68 per cent, Infosys 1.11 percent, Tata Motors 2.80 percent, ICICI Bank one percent, Larsen and Toubro 0.38 percent, DLF Ltd 4.76 percent and Tata Steel by 1.07 percent.

The realty sector index gained the most, 4.25 percent, to 3,343.51, followed by the teck index, 1.56 percent, to 2,644.07. The banking index rose 1.33 percent to 8,321.05.

The auto sector index rose 1.26 percent as Tata Motors, the biggest truckmaker, and Mahindra and Mahindra, the largest maker of sport-utility vehicles, gained 2.8 and 3.16 percent, respectively, after good numbers from automakers acted as a trigger for the market.

The oil and gas index rose 1.12 percent to 9,495.07, PSUs 0.98 percent to 7,999.97, power 0.95 percent to 2,869.29, IT 0.92 percent to 3,317.35, FMCG 0.87 percent to 2,282.44, capital goods 0.81 percent to 12,900.57, metal 0.53 percent to 10,888.70 and healthcare 0.24 percent to 3,560.46.

The midcap index rose 1.01 percent to 5,127.51 and the smallcap index by 0.30 percent to 5,757.42.

However, the consumer durable sector index fell by 0.15 percent to 2,953.90.
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