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Wrap-up| Indian stocks track Asia, extend gains

Wrap-up| Indian stocks track Asia, extend gains
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First Published: Wed, Mar 30 2011. 07 26 PM IST
Updated: Wed, Mar 30 2011. 07 26 PM IST
Mumbai: Indian stocks gained for the sixth straight day. Across the board buying and positive global markets helped Indian shares end Wednesday with gains. Asian markets closed higher as companies re-started their manufacturing facilities in Japan. Read more...
Perhaps, the excitement over the match in Mohali helped too. According to SEBI data, foreign investors bought a net Rs 3,051 crore worth of Indian stocks in the last five trading sessions (till Tuesday).
Sensex: 19,290 +0.89%
Nifty: 5,787 +0.89%
Nikkei: 9,708 +2.64%
Hang Seng: 23,451 +1.70%
FTSE 100: 5,956 +0.42%
Stoxx 50: 2,931 +0.70%
Easing crude oil prices helped sentiment. Brent crude prices in Singapore eased below $115 a barrel as inventories in the US rose more than expected. The positive sentiment also percolated into the European markets as well.
All sectoral indices closed with gains in the BSE. Consumer durables, real estate, healthcare and banking stocks led the gains.
BSE Consumer Durables: 6,255 +4.01%
BSE Realty: 2,319 +3.36%
BSE Health Care: 6,050 +2.05%
BSE Bankex: 13,433 +1.97%
Shares of Titan Industries surged on rumors that the company might issue bonus shares. Investors also bought shares of other retailers like Gitanjali Gems, VIP Industries and Whirlpool expectations that these companies will witness robust demand due to increasing incomes.
Titan Industries: Rs 3,843 +7.33%
Whirlpool: Rs 269 +6.72%
Gitanjali Gems: Rs 247 +3.51%
VIP Industries: Rs 679 +2.50%
International Paper’s buyout of AP Paper Mills led to renewed investors in the stocks of paper companies. Investors bought stocks of paper companies on expectations that the latest deal will re-rate the stocks in the sector.
AP Paper Mills: Rs 236 +19.99%
Ballarpur Industries: Rs 37 +16.38%
JK Paper: Rs 57 +20.04%
Pudumjee Pulp & Paper Mills: Rs 21 +20.05%
West Coast Paper Mills: Rs 89 +16.47%
Seshasayee Paper and Boards: Rs 250 +13.64%
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First Published: Wed, Mar 30 2011. 07 26 PM IST
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