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Sensex ends higher by 258 points

Sensex ends higher by 258 points
PTI
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First Published: Thu, Oct 25 2007. 04 22 PM IST
Updated: Thu, Oct 25 2007. 04 22 PM IST
Closing
Mumbai: Sensex closed with a gain of 258 points on the Bombay Stock Exchange today on brisk buying by funds in heavy-weight stocks from metal, bank and capital good segments.
The 30-share index which commenced the day with a loss of 50 points, rebounded to close higher by 257.98 points at 18,770.89, after touching the day’s high of 18,900.10 points.
In a similar fashion, the wide-based National Stock Exchange index, Nifty, surged by 72.80 points at 5,568.95. It touched the day’s high of 5605.95 and a low of 5469.30 points.
Major support came in from the metal sector index which shot up by 651.58 points at 16,424.52 followed by the banking index which was up 258.44 points at 9924.11. Capital goods index also rose by 201.81 points at 17,314.13.
Afternoon
Mumbai: Sensex surged by over 268 points in midsession on the Bombay Stock Exchange today on emergence of buying by funds in heavy-weight stocks led by Reliance Industries and Infosys Technologies.
The 30-share index which fell by over 53 points in early trade, shot up by 268.43 points to 18,782.96 at 1300 hours on aggressive buying by funds amid brokers covering their pending positions.
The second wide-based National Stock Exchange index Nifty also rose by 70.80 points at 5566.95.
Late Morning
Mumbai: Sensex gained over 100 points in morning trade on the Bombay Stock Exchange today on robust buying in bank, energy and metal stocks.
The BSE barometer, Sensex, which fell by 53.40 points in the early trade at 18,459.61, later moved up to a high of 18,639.05 points. The index was trading 119.39 points up at 18,632.30 at 1130 hrs.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) was quoted at 5,514.65 at 1130 hrs, up 18.5 from its previous close.
Among Asian indices, Shanghai Composite and the Nikkei, however, were quoted down by 3.59% and 0.89% during early trade.
Market players said investors are expected to square off positions at the last day of the series.
Morning
Mumbai: Sensex fell by nearly 53 points in the early trade on the Bombay Stock Exchange today on some profit-booking ahead of Sebi meeting to be held this evening.
The 30-share index fell by 53.40 points at 18,459.51 in the first five minutes of trade.
Similarly, the wide-based National Stock Exchange index Nifty declined by 26.85 points at 5,469.30.
The brokers were hesitant to extend their position in the market ahead of the Sebi meeting on to take a view on the discussion paper released by the regulator to put curbs on foreign investments through participatory notes.
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First Published: Thu, Oct 25 2007. 04 22 PM IST
More Topics: Shares | Stocks | Sensex | Nifty | Rupee |