Sensex extends gains for the third day, up 100 points

December 02, 2013 10:10 am | Updated November 16, 2021 07:52 pm IST - Mumbai

Stocks of banking, realty, capital goods and healthcare sectors led the rally on Monday. File photo: Vivek Bendre

Stocks of banking, realty, capital goods and healthcare sectors led the rally on Monday. File photo: Vivek Bendre

The S&P BSE benchmark Sensex extended gains for the third consecutive day, rising 100 points in late morning trade on sustained buying in healthcare, banking, capital goods, realty and power stocks as the economy grew by a higher-than-expected 4.8 per cent in the September quarter.

Good capital inflows from foreign funds also boosted the market sentiment. Also, foreign institutional investors bought shares worth a net Rs. 745.16 crore, according to provisional data from the stock exchanges.

The latest domestic data showing Gross Domestic Product (GDP) growing by 4.8 per cent in September quarter supported domestic bourses.

The Sensex resumed lower at 20,771.27, but recovered immediately to 20,893.99 before quoting at 20,892.29 at 1030 hrs, showing a gain of 100.36 points or 0.48 per cent from its last weekend’s level.

The NSE 50-share Nifty also moved up by 32.70 points or 0.53 per cent to 6,208.80 at 1030 hrs.

Major gainers were Jindal Steel (2.75 per cent), ICICI Bank (2.59 per cent), BHEL (2.40 per cent), Larsen (1.40 per cent), Bharti Airtel (1.21 per cent), Tata Power (1.13 per cent), Coal India (1.03 per cent) and Reliance Ind. (0.97 per cent).

Most Asian stocks gained in early trade after Chinese manufacturing growth beat analyst estimates in November.

Key benchmark indices in Indonesia, Singapore, Hong Kong and Taiwan were up 0.07 per cent to 0.97 per cent while indices in China, South Korea, and Japan were down 0.2 per cent to 1.65 per cent.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.