Sensex soars 206 points

August 23, 2013 05:07 pm | Updated November 16, 2021 09:25 pm IST - Mumbai

Rising for the second day, Sensex on Friday gained over 206 points to end at nearly one-week high on sustained value buying in refinery, banking and auto stocks after the rupee appreciated after six days of losses.

Major Sensex gainers in today’s trade were BHEL, Tata Motors, HDFC Bank, ICICI Bank, State Bank of India, HDFC Ltd., Coal India, Jindal Steel, Tata Steel, Sterlite Industries, Maruti Suzuki, Mahindra and Mahindra and Sun Pharma.

The 30—share S&P BSE benchmark index Sensex, which had surged 408 points in the previous session, rose further by 206.50 points, or 1.13 per cent to end at 18,519.44 —— the highest closing since August 16 (18,598.18).

Brokers said the stock market sentiment improved as the battered rupee rebounded from all—time low levels of 65.56 to 64.12 per dollar after the government and RBI’s assuarances.

The broad—based National Stock Exchange index Nifty rose by 63.30 points, or 1.17 per cent to 5,471.75. Also, SX40 index, the flagship index of MCX—SX, closed up at 10,960.73, higher by 142.85 points or 1.32 per cent.

In the Sensex pack, Reliance Industries surged 1.64 per cent to Rs 819.05 after the company and its partner BP plc announced a new gas condensate discovery off the east coast in the Cauvery basin.

Private lenders like HDFC Bank and ICICI Bank saw heavy buying as investors judged recent losses as excessive.

Led by over 8 per cent surge in BHEL, the capital goods sector index gained the most rising 2.04 per cent to 7,235.68.

It was followed by banking index by 1.91 per cent to 10,791.32. Oil and Gas sector index rose by 1.59 per cent to 8,191.04 and the auto index by 1.51 per cent to 10,248.18.

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.