Closing: Sensex slips from 10k level, ends 54 points up

Closing: Sensex slips from 10k level, ends 54 points up
Comment E-mail Print Share
First Published: Fri, Jan 02 2009. 04 32 PM IST
Updated: Fri, Jan 02 2009. 04 32 PM IST
New Delhi: On second trading day of the year 2009, the Bombay Stock Exchange benchmark Sensex continued its previous day’s rally and crossed 10,000 mark on Friday, 2 December, as strong buying was witnessed.
The 30-share BSE Sensex closed flat at 9,958.22, 54.76 points up on lingering hopes of rate cut and a second stimulus package by the government. Broad based 50-share NSE Nifty ended at 3,047, 13.30 points up.
Sensex had opened 0.9% up on firm Asian markets but soon slipped into volatile trading. Buying in the metal and realty sector picked up around noon pushing the index above 10,000. Struggling to maintain the level, markets later plunged again.
Realty, consumer durables, banks, metal and banking indices outperformed on the BSE benchmark.
Hindalco topped the rally of gainers gaining 3.23% to Rs55.95, followed by DLF Ltd 3.03% to Rs300.60, Reliance Infra 2.96 to Rs630.50, Housing Development Finance Company 2.67% to Rs1,544.95 and Tata Motors 2.57% to Rs175.35.
The IT sector had a dismal perdormance with Satyam losing to most by 2.63% to Rs177.55. other losers from the sector were Wipro 2.04% to Rs242.90 and Infosys Technologies Ltd 1.44% to Rs1,130.95.
Meanwhile, Asian markets surged with MSCI world index up 0.5%, Japan’s Nikkei ended 1.9% and European markets opened gaining 1.1%.
Comment E-mail Print Share
First Published: Fri, Jan 02 2009. 04 32 PM IST
More Topics: Sensex | BSE | NSE | Stocks | Markets |