Mumbai: In highly volatile trade, the benchmark Sensex ended with a moderate gain of 12 points on the Bombay Stock Exchange on 19 December, with foreign funds shuffling their portfolios before going on winter holidays.
The 30-share Sensex commenced the day higher by 318 points but tumbled later to close at 19,091.96 points, gaining a meager 12.32 points. The index moved between 19,397.76 and 18,886.40 points during the day.
The National Stock Exchange index, Nifty, closed 8.85 points up at 5,751.15. It touched the day’s high of 5,840.80 and a low of 5,676.70.
Marketmen said foreign investors were booking profits and shifting their portfolios to fundamentally strong stocks. They said the market at one stage showed a major loss of nearly 193 points on heavy selling.
While metal, consumer durables, information technology and tech segment were in better form, stocks in realty, oil and gas, healthcare and auto closed in negative territory.
Mumbai: Sensex gained over 318 points in early morning trade on 19 December, on fresh buying by funds and strong global cues.
The 30-share index which remained distinctly weak in last four session, bounced back by over 318.12 points to 19,397.76 in first five minutes of trade.
Similarly, the wide-based National Stock Exchange’s index Nifty shot up by 98.50 points to 5,840.80 as heavy-weights stocks like Reliance Industries, Larsen and Toubro, Bhel and ONGC rose smartly.
Trading sentiments were influenced by firm global cues.
Hong Kong market opened 0.55% higher today as investors looked for bargains among recently beaten-down stocks, with Wall Street’s advance providing encouragement.
The US markets ended higher overnight following news that the European Central Bank (ECB) is offering about $500 billion short-term funding to banks to ease money market problems.