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Sensex ends 77 pts up, ahead of derivatives expiry

Sensex ends 77 pts up, ahead of derivatives expiry
PTI
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First Published: Wed, Aug 26 2009. 05 22 PM IST
Updated: Wed, Aug 26 2009. 05 22 PM IST
Mumbai: Markets settled in positive terrain for the fifth day in succession on Wednesday with Sensex adding another over 80 points on moderate to handsome gains in IT, tech and realty stocks.
Marketmen said major players indulged in covering their pending long positions ahead of settlement in the August derivative segment, helping the key index to post moderate gains.
The 30-share Sensex ended they day higher by 81.38 points, or 0.52% to 15,769.85.
After adding a handsome 880 points in past four sessions, the barometer today touched the three-week high of 15,831.49 in intra day.
The National Stock Exchange index Nifty rose by 21.50 points, or 0.46%, to 4,680.85.
The uptrend was also fuelled by a firming trend in other Asian region on an unexpected surge in consumer confidence in the US, the largest market for their products.
The information technology segment index gained the most by rising 3.35% to 4,272.46. Infosys, the second-largest software company, gained 4.07%.
Infosys Technologies rose by 4.07% to Rs2,181.35 points, Tata Consultancy Services by 3.37% to Rs548.30, Wipro by 2.34% to Rs557.25 and Tech Mahindra by 3.38% to Rs921.10, after weakening rupee raised hopes of better revenue.
Media stocks were second best performers as teck index rose by 2.50% to 3,073.05 points after IBN-18 surged 11.02% to Rs122.40, HT Media by 5.87% to Rs119 and Deccan Chronicle by 12.15% to Rs114.90.
The realty sector index rose by 1.23% to 4,142.94 points, healthcare index by 0.80% to 3,896.52 points, power index by 0.63% to 2,977.98 points, oil and gas index by 0.61% to 9,826.01 points and metal by 0.40% to 12,677.56 points.
However, FMCG, Consumer Durable and Banking sector index fell on heavy off-loading by funds.
As the undercurrent of the market remained firm, smallcap index rose by 1.97 per cent to 6,878.35 points and midcap index by 1.10% to 5,800.55 points.
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First Published: Wed, Aug 26 2009. 05 22 PM IST
More Topics: India | Stocks | Markets | Sensex | BSE |