Mumbai, June 30 (IANS) A benchmark index of Indian equities markets Monday surged 313 points or 1.25 percent, as capital goods, banking and healthcare stocks gained.
All the sectors, including oil and gas, metal, information technology (IT), automobile and power made healthy gains before closing. The Sensex also reported healthy quarterly gains, it ended the first quarter, up 13.52 percent.
The benchmark index ended on Monday ended in green for second consecutive session after making losses due to negative global cues and concerns regarding monsoon.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 25,179.55 points, closed at 25,413.78 points, up 313.86 points or 1.25 percent from the previous day’s close at 25,099.92 points.
The Sensex touched a high of 25,460.96 points and a low of 25,179.55 points in trade.
“The market opened on a flat note but quickly moved to 7,600/25,500 levels under the leadership of PSU banks, capital goods and infra stocks. Even select pharmaceuticals and technology stocks did well on the back of performances of last few days,” said Shrikant Chouhan, head- technical research, Kotak Securities.
“We are of the view that sustenance above 25,300/25,270 points (7550) will lift the market beyond all time highest levels 25,750/7,700 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) went up 102.55 points or 1.37 percent at 7,611.35 points.
The S&P BSE capital goods index gained 346.38 points, bankex surged by 293.34 points, healthcare index went up by 202.59 points, oil and gas index rose 160.87 points, metal index increased by 160.31 points.
IT index closed higher by 73.13 points, power index gained 64.96 points and automobile index grew by 51.02 points.
The major Sensex gainers were: Sun Pharma, up 3.87 percent at Rs.686.25; Tata Power, up 3.81 percent at Rs.107.75; ONGC, up 3.08 percent at Rs.423.70; DrReddys Lab, up 2.43 percent at Rs.2,615.15; and ICICI Bank, up 2.43 percent at Rs.1,418.45.
The losers were: Mahindra and Mahindra, down 0.52 percent at Rs.1,147.90; Maruti Suzuki, 0.47 percent at RS.2,438.35; Tata Motors, down 0.25 percent at Rs.431.15 and Wipro; down 0.16 percent at Rs.544.95.
Among the Asian markets, Japan’s Nikkei closed 0.44 percent up, China’s Shanghai Composite Index ended 0.59 percent higher. However, Hong Kong’s Hang Seng fell 0.13 percent.
In Europe, London’s FTSE 100 was trading 0.15 percent down, so was French CAC 40 Index which lost 0.15 percent. However, Germany’s DAX Index was trading 0.23 percent higher at the closing bell here.
