Ummid Assistant

Mumbai NGO, top experts join hands to train students for civil services exams

Welcome Guest! You are here: Home » Business & Economy

Sensex at 15-month high, closes above 19,000-mark on reform hopes

Thursday October 04, 2012 07:55:05 PM, IANS

Mumbai: A benchmark index of Indian equities markets Thursday rallied to a 19,000-high for the first time in almost 15 months on the government's fresh reforms push.

Good inflows of foreign capital also helped boost sentiment at Dalal Street. Banking, realty and capital goods stocks gained the most.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,939.75 points, closed at 19,058.15 points, 188.46 points or 1 percent higher than its previous day's close at 18,869.69 points.

It had risen over 200 points during afternoon trade.

The Sensex touched a high of 19,107.04 points and a low of 18,939.75 points in intra-day trade. The BSE midcap index was up 27.53 points while the smallcap index was up 24.86 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange hit a 17-month high, closing 0.98 percent up at 5,787.60 points.

The markets saw sharp intra-day gains ahead of a meeting of the cabinet that was to decide on opening up the pension sector to foreign investment, raising the FDI cap in insurance sector to 49 percent from the current 26 percent, increasing urea prices, and approve the creation of a National Investment Board.

On the sectoral front, the BSE realty index was up 91.58 points followed by the consumer durable index, up 169.16 points and banking index up 251.39 points.

Major Sensex gainers were BHEL, up 6.57 percent at Rs.266.05; ICICI Bank, up 2.93 percent at Rs.1,083.70; Dr Reddys Lab, up 2.16 percent at Rs.1,718; SBI, up 2.15 percent at Rs.2,344.80; and Maruti Suzuki, up 1.97 percent at Rs.1,391.20.

The main losers were Cipla, down 3.86 percent at Rs.366.40; Mahindra and Mahindra, down 1.24 percent at Rs.859.05; Bajaj Auto, down 1.05 percent at Rs.1,765.25; Hero MotoCorp, down 1.02 percent at Rs.1,831; and Coal India, down 0.92 percent at Rs.361.60.

Among other Asian markets, Japan's Nikkei closed 0.89 percent up while Hong Kong's Hang Seng ended trading 0.09 percent higher. Shanghai's composite index also closed 1.45 percent up.

At closing bell here, European markets were, however, trading in red. Both France's CAC and Germany's DAX were down 0.28 percent. Britain's FTSE 100 was trading 0.18 percent lower.





 

 

 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

More Headlines

Cabinet to approve 12th Five Year Plan (2012-17)

Have English language exam for IFS aspirants: Diplomat

India can meet its energy needs without nuclear plants: Study

Modi says BJP will sweep Gujarat elections

Race for White House: Obama, Romney spar over economy

India Inc biggies in Kashmir with Rahul

2.38 million rich Pakistanis don't pay taxes

Turkey hits Syrian targets after attack

'Counter-terror programme wasted money, stepped on civil liberties'

LPG prices may fluctuate every month

Rahul to visit Kashmir amid panchayat panic

UAE launches IT based initiatives to improve education quality

 

Top Stories

India Inc biggies in Kashmir with Rahul

In what is a first since independence, the Who's Who of India Inc, including Tata Group chairperson Ratan Tata and Aditya Birla Group's Kumar Mangalam Birla, arrive in Kashmir  »

Rahul to visit Kashmir amid panchayat panic

Fed up of militancy: Majority of Kashmiris respond in a survey

 

  Most Read

Race for White House: Obama, Romney spar over economy

Republican challenger Mitt Romney put up a tough fight against President Barack Obama as the two sparred over jobs, taxes and healthcare in the first presidential debate. US presidential debates  »

Obama still ahead in polls as Romney scores in debate

India can meet its energy needs without nuclear plants: Study

India's energy needs can be met entirely by solar and other renewable sources, says a new study by two professors at the Indian Institute of Science (IISc) in Bangalore. Their report published in the journal Current Science may add ammunition to the anti-nuclear agitation in India   »

 

  News Pick

Parekh panel recommends 100 percent FDI in telecom

In its report to Prime Minister Manmohan Singh, the panel asked the government to overhaul the regulatory framework in infrastructure, bring in clarity on taxation issues such as anti-tax avoidance rules, and  »

Counter-terror programme wasted money, stepped on civil liberties:

US senate panel

The report by the US senate permanent subcommittee on investigations finds more than 70 "fusion centers" created by the Department of Homeland Security (DHS) to pool intelligence produced reports that were "oftentimes  »

Noor Inayat: International story with an Indian soul

Born in Moscow, Noor-un-Nisa Inayat Khan had an Indian connection. Her father Hazrat Inayat Khan was the great grandson of Tipu Sultan, the 18th century ruler of the erstwhile Mysore kingdom. Trained by Britain's Special  »

UNESCO appoints Saudi woman researcher as Goodwill Ambassador

The Director General of United Nations Educational, Scientific and Cultural Organization (UNESCO) Irina Bokova appointed  »

 

Picture of the Day

Union ministers Kapil Sibal and Ghulam Nabi Azad laying the foundation stone of PMSSY building at J. N. Medical College, AMU. The ministers visited the Aligarh Muslim University on September 30, 2012 to inaugurate the Golden Jubilee celebrations of Jawaharlal Medical College.

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2012 Awaz Multimedia & Publications. All rights reserved.