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Sensex ends 69 points higher

Sensex ends 69 points higher
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First Published: Thu, Jul 31 2008. 04 54 PM IST
Updated: Thu, Jul 31 2008. 04 54 PM IST
Livemint.com
New Delhi: The markets ended marginally firm on the last day of futures and options expiry after a choppy session with the benchmark index ending at 14,356 levels, up 0.5% or 69 points.
The Sensex has moved in a broad range of 14,161 – 14,370 levels in intra-day deals. A rise in oil prices from 12-week lows and upcoming domestic inflation data also impacted sentiment.
Marketmen said the sentiment turned volatile after market participants indulged in clearing their pending positions on the last day of futures and option trading settlement for this month.
“Technically, Nifty future has closed the bearish gap left on the previous day. It has now reached a zone marked with resistance in the 4,340-4,370 levels,” said a technical analyst with Religare Securities.
“A breach of the 4,230 region will, however, see it slide to 4,190 again,” he added.
Leading the pack of gainers among the Sensex scrips was Tata Power. The counter moved up 4% or Rs45. Tata Steel, DLF Limited, Mahindra and Mahindra, Reliance Industries, State Bank of India and Ranbaxy Laboratories were some of the other key gainers.
Strength is also visible in metal counters with National Mineral Development Corporation surging around 5%. Welspun Gujarat, Sesa Goa, Gujarat NRE Coke and Ispat Industries also ended firm besides Tata Steel and SAIL.
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First Published: Thu, Jul 31 2008. 04 54 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |