Markets remain positive, Sensex gains for second day

Markets remain positive, Sensex gains for second day
PTI
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First Published: Thu, Apr 03 2008. 04 47 PM IST
Updated: Thu, Apr 03 2008. 04 47 PM IST
Closing
Mumbai: The Bombay Stock Exchange benchmark Sensex gained for the second straight day on Thursday on continuing buying support in heavyweight stocks, particularly Reliance Industries.
The 30-share Sensex closed at 15,832.55, up by 82.15 points from its previous close.
The index touched the day’s high of 16,002.73 and a low of 15,699.21 points.
Similarly, National Stock Exchange index Nifty rose by 17.40 points at 4,771.60, after touching a high of 4,833.25 and a low of 4,738.20 points during the day.
The major support came in from oil and gas index which gained 203.80 points at 10,531.88 as sector major and Sensex heaviest RIL rose by Rs50.15 at Rs2,393.75.
Information technology sector was the second best performer by rising 120.56 at 3764.91 points as the segment major and second heaviest on the Sensex, Infosys Technologies shot up by Rs39.70 at Rs1,521.65 following reports of the government decision to set up an IT investment region.
Metal index rose by 71.87 poins at 13,588.76, teck index by 44.77 points at 3122.99, FMCG index by 25.99 points at 2344.68 and healthcare index by 24.90 points at 3887.73.
Afternoon Update
Mumbai: The BSE benchmark Sensex gained 56 points in afternoon trade on Thursday, tracking strong global cues amid fears of US recession.
The 30-share index, Sensex, was quoted at 15,807 at 1320 hrs, a net gain of 47 points over its previous close of 15,750.40.
The broader 50-share S&P CNX Nifty of the National Stock Exchange was up 14 points at 4,768 at 1320 hrs.
Investors seemed very cautious following reports that IMF indicated its plans to lower its January growth forecast for the US.
The Federal Reserve also publicly said for the first time on Wednesday that a US recession is possible.
Market players said the markets improved further on the back of firm Asian cues but unlikely to continue their uptrend in view of lingering worries about recession in the world’s largest economy.
Late Morning Update
Mumbai: The BSE benchmark Sensex gained 75 points in late morning trade on Thursday, tracking strong global cues amid fears of US recession.
The 30-share index, Sensex, was quoted at 15,824.79 at 1030 hrs, a net gain of 74.59 points over its previous close of 15,750.40.
The broader 50-share S&P CNX Nifty of the National Stock Exchange was up 29.05 points at 4,783.25 at 1030 hrs from its last close of 4,754.20.
Opening
Mumbai: The Bombay Stock Exchange benchmark Sensex gained 97 points in early trade on Thursday on selective buying by funds.
The 30-share index, Sensex, which moved up by 124 points Wednesday, gained 97.41 points to 15,847.81 in the first five minutes of trade.
Similarly, the wide-based National Stock Exchange’s index, Nifty, rose by 35 points to 4,789.20.
Marketmen said a firming trend in some of the Asian stock markets influenced the trading sentiment here.
Hong Kong share prices opened firm today, up 0.31%, with large-caps and oil stocks supporting the benchmark index.
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First Published: Thu, Apr 03 2008. 04 47 PM IST