Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday posted a marginal gain of over 27 points on late buying into index stocks such as Reliance Industries.
The Sensex, which lost nearly 67 points in previous day’s trading, recovered 27.61 points on Tuesday at 18,075.66.
The 30-share barometer touched a high of 18,314.10 and a low of 18,018.48 points. Similarly, the wide-based National Stock Exchange index Nifty moved between 5,368.45 and 5,262.00, before ending 3.90 points higher at 5,280.80 points.
Falling market edged up at the fag-end following index stocks such as Reliance Industries, ACC, Bajaj Auto, Grasim Industries, HDFC Bank, SBI, Larsen and Toubro, ICICI Bank and Ranbaxy rising on revival of buying.
Late Morning Update
Mumbai: The markets turned strong on Tuesday on firm trend in Asian stocks with the benchmark Sensex gaining 232 points in late morning trade in a pre-budget rally as investors made fresh commitments on expectations of sops to industry in the forthcoming budget session.
Buying interest was largely attributed to indications of tax concessions to industry as well as individual investors in the union budget to be presented at the month-end.
The Bombay Stock Exchange barometer opened firm at 18,215.26 and surged to 18,280.92 at 1030 hours, up 231.97 pts from previous close of 18,048.05. It touched a high of 18,293.93 in the initial five minutes of trading.
The National Stock Exchange’s S&P CNX Nifty also rose by 73.10 points to 5,350.00 at 1030 hours from last close of 5,276.90.
Consumer Durable shares were in keen demand in early trade resulting in a sharp rise in its index, which was up by over 3%.
Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday gained 246 points as investors bought shares in blue-chips like Reliance Industries, Infosys and Tata Steel.
The 30-share index, which lost 67 points in previous day’s trading, rebounded to trade 245.88 points higher at 18,293.93 in the first five minutes of the session.
Similarly, the wide-based Nifty of the National Stock Exchange shot up by 77.55 points at 5,354.45 points.
Firming global markets influenced the trading sentiment, marketmen said.