Sensex up 206 points on firm global cues

Mumbai, July 5: The BSE benchmark Sensex surged on Friday, by over 206 points in early trade on sustained buying by funds and retail investors triggered by a firming trend on other Asian bourses.

The 30-share index gained 206.05 points, or 1.06 percent, to trade at 19,616.89, with all the sectoral indices led by FMCG, realty and metal rising up to 1.83 percent.

Sensex had gained 233.08 points on Thursday. The wide-based National Stock Exchange index Nifty rose by 54.70 points, or 0.94 percent, to trade higher to 5,891.65.

Among FMCG stocks, Hindustan Unilever continued its rising trend for the second day and rose further by 3.55 percent to Rs 622.05, after its Anglo-Dutch parent firm Unilever Plc raised stake in it to 67.28 per cent through an open offer.

Nestle India rose by 0.54 percent to Rs 5,150, ITC Ltd by 1.61 per cent to Rs 343.95 and United Spirit by 2.41 percent to Rs 2,617.90.

Brokers said increased buying by participants, tracking a firming trend on the other Asian bourses following overnight gains on the european markets after the European Central Bank said it would keep interest rates at record lows for as long as necessary, supported the trading sentiment.

In Asia, Hong Kong's Hang Seng index rose by 1.38 percent, while Japan's Nikkei was up by 1.37 percent in early trade. The US markets were closed on Thursday for Independence Day.

Posted by Unknown on 10:22. Filed under . You can follow any responses to this entry through the RSS 2.0

0 comments for Sensex up 206 points on firm global cues

Leave comment


Courtesy:ISTV Imphal


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