BSE Sensex continues upward rally, adds 72 points
The prime index of the Bombay Stock Exchange (BSE), the Sensex, ended in the green on Monday, the second time in a row, climbing 0.54 points as worries over political uncertainty eased.
BSE Sensex falls marginally ahead of national budgetThe 30-share benchmark index added 71.99 points to close at 13,525.99 with 22 components ending in the green. During intraday trade, the market rose as much as 13,793.39 but surrendered most of its gain to fall to a low of 13,475.78 before ending marginally higher.
Despite Monday's rise, the Sensex is still down about 35.20 percent this year.
The biggest gainer was civil engineering major and flagship company of the Jaypee Group, Jaiprakash Associates, which surged 4.47 percent to close at Rs.153.30.
Auto majors Mahindra & Mahindra and Maruti Suzuki were close on its heels, adding 4.40 percent and 4.34 percent to close at Rs.475.45 and Rs.550.45 respectively.
Tech majors Satyam Computer Services, Infosys Technologies, Wipro and Tata Consultancy Services (TCS) gained 4.28 percent, 2.61 percent, 2.54 percent and 0.98 percent to close at Rs.462.15, Rs.1755.40, Rs.429.10 and Rs.843.75 respectively.
FMCG majors ITC and Hindustan Unilever (HUL) advanced 3.98 percent and 3.89 percent to Rs.170.80 and Rs.201.60 respectively.
Cement makers ACC and Grasim Industries jumped 3.82 percent and 1.95 percent to Rs.477.95 and Rs.1692.70 respectively.
Financial stocks State Bank of India (SBI) and HDFC Bank ended up 3.92 percent and 0.64 percent to Rs.1127.50 and Rs.999.80 respectively.
Other major gainers were Hindalco (up 3.08 percent to Rs.138.05), DLF (up 2.76 percent to Rs.414.55), Tata Steel (up 1.82 percent to Rs.640.10), Bharti Airtel (up 1.44 percent to Rs.716.30), ONGC (up 1.23 percent to Rs.876.30), NTPC (up 0.65 percent to Rs.154.60) and Reliance Infrastructure (up 0.65 percent to Rs.773.55).
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