Sensex gains 111 points; auto, metals stocks rally | SupportBiz

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Sensex gains 111 points; auto, metals stocks rally

A benchmark index for Indian equities markets moved 111 points up in Wednesday's trade a day after the Lok Sabha approving the Banking Laws (Amendment) Bill and the Reserve Bank's statement that it may consider cutting key rates next month. Auto, metal and healthcare stocks were among those that rallied.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,429.91 points, closed at 19,476.00 points, up 111.25 points or 0.57 percent from its previous close at 19,364.75 points. 

The BSE Sensex touched a high of 19,516.02 points and low of 19,419.76 points intra-day. The BSE midcap index was up 39.19 points, while the smallcap index edged higher by 32.34 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was up 32.80 points or 0.56 percent at 5,929.60 points.

The BSE auto index was up 208.18 points. The metal index traded higher by 162.65 points, followed by healthcare index, up 123.43 points, oil and gas index, up 109.28 points, and information technology (IT) index, up 73.96 points.

However, the capital goods index was down by 69.09 points, and the fast moving consumer goods (FMCG) index and the consumer durables index fell by 22.41 and 4.12 points, respectively.

Among the gainers were Sun Pharma, up 3.44 percent at Rs.761.60; Tata Motors, up 3.29 percent at Rs.307.55; ONGC, up 3.16 percent at Rs.264.35; Wipro, up 2.55 percent at Rs.385.60; and Jindal Steel, up 2.36 percent at Rs.460.35.

The major losers were HDFC, 1.83 percent lower at Rs.830.75; Larsen and Toubro, down 1.36 percent at Rs.1,633.45; ITC, down 1.18 percent at Rs.290.10; ICICI Bank, down 0.89 percent at Rs.1,138.50; and NTPC, down 0.32 percent at Rs.154.75.

Among other Asian markets, Japan's Nikkei was up 2.39 percent, while Hong Kong's Hang Seng was up 0.57 percent. The Shanghai Composite Index closed marginally lower by 0.01 percent.

The European markets were in the green. Britain's FTSE 100 was up 0.62 percent while the German DAX was trading higher by 0.32 percent. The French CAC 40 was up 0.53 percent.