BSE Sensex climbs 215 points amid political uncertainty
The prime index of the Bombay Stock Exchange (BSE), the Sensex, rose 1.57 percent on Monday, extending its gains for the third straight trading session even as investors remained wary of the confidence vote in the Indian parliament that would decide the fate of the government this week.
The 30-share sensitivity index climbed 214.64 points to close at 13,850.04 with 24 components ending in the green. After opening at 13,782.13, the benchmark index fell to a low of 13,581.19 during morning session as the two-day debate began in the Indian parliament over the India-US nuclear deal. However, the index rallied and rose to a high of 13,878.88 before the closing of the trading session.
In spite of Monday's gain, the index, which hit a record high of 21,206.77 on Jan. 10, is still down about 29.4 percent this year.
The biggest gainer was pharmaceutical major Cipla, which surged 5.20 percent to close at Rs.226.45. Rival Ranbaxy Laboratories soared 4.74 percent to close at Rs.458.20.
Financial stocks HDFC Bank, ICICI Bank, State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) zoomed 4.78 percent, 4.29 percent, 3.67 percent and 0.86 percent to close at Rs.1082.95, Rs.644.10, Rs.1347.45 and Rs.2085.35 respectively.
FMCG majors Hindustan Unilever and ITC advanced 3.76 percent and 1.56 percent to close at Rs.227.95 and Rs.179.15 respectively.
Tech stocks Tata Consultancy Services (TCS), Wipro and Infosys Technologies jumped 2.33 percent, 1.94 percent and 0.88 percent to close at Rs.813.45, Rs.372.65 and Rs.1561.80 respectively.
Auto majors Maruti Suzuki and Mahindra & Mahindra ended up 3.92 percent and 1.54 percent at Rs.648.20 and Rs.528.30 respectively.
Other major gainers were NTPC (up 4.70 percent at Rs.181.45), Jaiprakash Associates (up 3.74 percent at Rs.166.55), Reliance Communications (up 2.62 percent at Rs.446.60), Reliance (up 1.92 percent at Rs.2153.30), DLF (up 1.39 percent at Rs.463.40), ONGC (up 1.34 percent at Rs.955.25) and Tata Steel (up 0.99 percent at Rs.598.50).
The day's top loser was Satyam Computer Services, which plunged 4.14 percent to close at Rs.367.10.
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- 1 Sensex closes down 415 points on weak global cues
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- 3 Sensex closes 151 points lower on weak global cues
- 4 Sensex soars 551 points as oil prices plunge
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