The Hindu : Business : Sensex gains further in choppy trade

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Thursday, Jun 21, 2007
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Business

Sensex gains further in choppy trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex jumped by another 116.45 points on Wednesday in a choppy trade, extending its gains to second straight session.

Foreign institutional investors and domestic funds were believed to be heavy buyers in the cash as well as the futures and options segments. Firm Asian cues had a sentimental impact on the market.

After moving in a range of 14449.38 and 14347.58, the BSE barometer ended at 14411.95 against Tuesday’s close of 14295.50.

The Sensex has gained 331.81 points or 2.36 per cent in two days from Monday’s close of 14,080.14.

The broader S&P CNX Nifty of the National Stock Exchange also advanced further by 34.35 points to close at 4248.65 from the previous close of 4214.30.

Shares of SBI, L&T, BHEL, Bharti Airtel, HDFC, Grasim and Maruti Udyog were among the prominent gainers at close. On the BSE, sectors such as auto, banking, consumer durables, capital goods and metals attracted brisk activity with their respective indices ending with sharp gains.

Operators and retail investors too made fresh commitments in several counters.

The Securities and Exchange Board of India’s (SEBI) action against 15 brokers and 10 other entities for their involvement in manipulations in the futures and options (F&O) segment on the NSE, however, failed to have any adverse impact on the market sentiment.

A total of seven stocks on the Sensex closed in the negative territory. — PTI

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