Mayawati’s support to UPA boosts Sensex

3 years ago

Mumbai: The Indian share market was closed on 95 points higher on Thursday evening. The hike was noticed after Bahujan Samaj Party (BSP) Chief Mayawati voiced support to the ruling government on Foreign Direct Investment (FDI) in multi brand retail issue.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19, 475.09 points, closed at 19, 486.80 points, up 94.94 points or 0.49 percent from its previous close at 19, 391.86 points.

This was the third straight day of gain for markets.

The index touched a high of 19, 523.25 points, recovering 300 points from the day’s low of 19, 186.24 points intra-day. The BSE midcap index was up 51.21 points, while the smallcap index edged higher by 33.95 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was up 30.40 points or 0.52 per cent at 5, 930.90 points.

The BSE bank index was higher by 164.12 points, auto index was up 85.26 points, metal index, up 82.98 points, oil and gas, up 71.16 points and capital goods, up 69.97 points.

However, the information technology (IT) index was down 79.18 points, while the media, entertainment and communication (TECk) index ended lower by 36.68 points, followed by healthcare index, down 3.06 points.

Among the gainers were Sterlite Inds, up 2.35 per cent at Rs.115.45; Tata Motors, up 1.93 per cent at Rs.280.20; Hindalco Inds, up 1.78 per cent at Rs.123.00; State Bank of India (SBI), up 1.68 per cent at Rs.2, 307.25; and BHEL, up 1.43 per cent at Rs.241.05.

The major losers were Infosys, 1.84 per cent lower at Rs.2, 338.50; Bharti Airtel, down 1.59 points at Rs.324.80; Tata Consultancy Services (TCS), down 1.14 per cent at Rs.1, 282.40; Cipla, down 0.62 per cent at Rs.411.75; and Wipro, down 0.33 per cent at Rs.379.75.

Among other Asian markets, Japan’s Nikkei rose 0.81 per cent, while Hong Kong’s Hang Seng was down 0.09 per cent. China’s Shanghai Composite Index closed lower by 0.13 per cent.

All major European markets were in the green with Britain’s FTSE 100 up 0.16 per cent, while the German DAX was trading higher by 0.94 per cent. The French CAC 40 index was also up 0.51 per cent.