Sensex ends 13 pts up, snaps two-day losing trend


Mumbai, Dec 24: In choppy trade, the BSE benchmark Sensex on Monday closed 13 points higher as gains in Tata Motors and IT stocks marginally outweighed the losses in ONGC, ITC and Reliance Industries amid mixed global cues.

After trading in a tight 110-point range, the Sensex closed 13.09 points higher at 19,255.09 -- snapping a two-session falling trend where it had lost 234 points.

According to market participants, the trading sentiment was dull on account of Christmas holiday on Tuesday and expiry of derivative contracts on 27th December.

Traders stayed cautious, leading to narrow movements, they added.

Tata Motors, which gained around 2.4 per cent, led the 12 Sensex gainers.

Infosys, TCS and Wipro rose on account of buying after the recent spate of correction.

Overall, shares of realty, IT and healthcare moved up on good buying support while metal and refinery scrips eased on selling pressure.

The broad-based National Stock Exchange index Nifty advanced by 8.05 points to close ar 5,855.75.

Globally, Asian markets ended narrowly mixed, while European stocks were also trading dull in afternoon trades.

Posted by Unknown on 02:32. Filed under . You can follow any responses to this entry through the RSS 2.0

0 comments for Sensex ends 13 pts up, snaps two-day losing trend

Leave comment

ISTV News

Courtesy:ISTV Imphal

FLICKR PHOTO STREAM

2010 BlogNews Magazine. All Rights Reserved. - Designed by SimplexDesign