BSE Index climbs 45 points, IT scrips drag
The prime index of the Bombay Stock Exchange (BSE) kept up its upward march on Tuesday, gaining 0.27 percent or 44.54 points, thanks to strong rally by realty, metal and financial stocks even as IT stocks threatened to drag it down.
The benchmark 30-share sensitivity index closed at 16,783.87, with 18 components ending in the green. During intraday trade, the index touched a high of 16,853.96 and low of 16,597.53.
The index, which hit a record high of 21,206.77 on Jan. 10, is still down about 17 percent this year.
The top gainers of the day were BHEL and Jaiprakash Associates which surged 5.55 percent and 5.41 percent to end up at Rs.1871.80 and Rs.245.65 respectively.
Financial stocks had a field day with Housing Development Finance Corporation (HDFC), HDFC Bank and ICICI Bank gaining 3.73 percent, 2.93 percent and 2.18 percent to Rs.2576.75, Rs.1487.65 and Rs.882.40 respectively.
Engineering and construction major Larsen & Toubro (L&T) climbed 2.64 percent to Rs.2920.55.
Real estate major DLF gained 3.55 percent to Rs.674.40.
FMCG majors ITC and Hindustan Unilever rose 2.01 percent and 0.87 percent to Rs.213.25 and Rs.237.90 respectively.
Tata Steel and Hindalco soared 0.53 percent and 0.60 percent to Rs.780.90 and Rs.193 respectively.
Telecom giant Bharti Airtel ended up 0.25 percent at Rs.856.30.
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