Sensex pares early gains, still 390 points up

Mumbai, Sep 21 (IANS) A benchmark index of Indian equities markets was trading 390 points higher in late afternoon session Friday, paring early day gains on profit booking.

Power, capital goods and banks were the best performers.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,411.20 points, was ruling at 18,739.44 points, 390.19 points or 2.13 percent up from its previous day's close at 18,349.25 points.

The Sensex earlier in the day had surged 464 points and touched a high of 18,866.87 on hopes of announcement of more reforms by the government. It had fallen to a low of 18,411.20 points in intra-day trade.

The BSE midcap index was up 96.10 points while the smallcap index was 95.26 points high.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was also ruling 2.46 percent up at 5,690.95 points.

On the sectoral front, the BSE power index was up 83.49 points while capital goods index was up 421.35 points and banking index was up 497.12 points.

The major Sensex gainers were BHEL, up 6.92 percent at Rs.231.85; Tata Power, up 5.32 percent at Rs.103.90; Sterlite Inds, up 4.75 percent at Rs.103.75; SBI, up 4.65 percent at Rs.2,220.10; and ICICI Bank, up 4.44 percent at Rs.1,067.80.

There were only four Sensex losers -- TCS, down 1.04 percent at Rs.1,307.75; Infosys, down 0.59 percent at Rs.2,600; Sun Pharma, down 0.29 percent at Rs.668; and Cipla, down 0.03 percent at Rs.360.40.

Other Asian markets closed higher. Japan's Nikkei closed 0.25 percent up and Hong Kong's Hang Seng ended 0.70 percent higher. Shanghai's composite index also went 0.09 percent up.

The European markets too opened in the green. France's CAC was up 0.59 percent, while Germany's DAX rose 0.21 percent. Britain's FTSE 100 was trading 0.29 percent higher.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    25.300.10+0.40%
    UNITECH.BO
    49.15-1.60-3.15%
    HDIL.BO
    68.000.70+1.04%
    JAIPRA.BO
    37.800.95+2.58%
    SPICEJET.BO
    108.302.35+2.22%
    RCOM.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    22.803.80+20.00%
    SAHPETRO.BO
    633.60105.60+20.00%
    TTKHE.BO
    46.357.70+19.92%
    KAVERITEL.BO
    364.4059.40+19.48%
    SANDUMA.BO
    141.4022.40+18.82%
    TCIDL.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    36.00-8.45-19.01%
    GGDANDE.BO
    491.400.00+0.00%
    INDUSINDSL.BO
    28.10-4.85-14.72%
    KERALAYUR.BO
    77.00-13.00-14.44%
    RAPICUT.BO
    8.93-1.46-14.05%
    MINDVISCAP.BO

Latest News

  • Middle East businessmen caught in Kerala CPI-M feud?

    Thiruvananthapuram, May 26 (IANS) Two prominent Middle East-based businessmen who hail from Kerala appear to be caught in the factional feud of the Communist Party of India-Marxist (CPI-M) in Kerala. The ...

  • Frontier Markets booming but risks mounting

    With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries ...

  • Arab spring nations face delayed economic recovery - IMF

    Arab spring countries face rising social tensions that could thwart an early economic recovery from over two years of political turmoil that has worsened fiscal pressures and threatens macroeconomic stability, ...

  • The power of charm

    India, May 26 -- You don't have to meet him to know he has that winning quality. You can hear it in his voice, see it in his gestures and sense it in the stories newspapers tell of him. The Chinese Prime Minister, Li Keqiang, has abundant charm.He came to Delhi at a difficult time. Our traditional distrust of China had been aroused and reinforced by the Ladakh incursion and Beijing's reluctance to withdraw. But that didn't make him reticent or stiff. Instead, he used his warm and engaging

  • Spot, the difference

    India, May 26 -- Call me a Duckworth-Lewis squib, but it's the Indian Premier League (IPL) we're talking about. What did you expect? Proceedings against bribes paid for a role in The Swan Lake at the Bolshoi Ballet leading to the Tchaikovsky estate's dissolution?Like all successful entertainment platforms, the IPL, too, works on the fundamental principle of a willing suspension of disbelief. To put it less obtusely for non-laudanum addicts, this means selling a product to consumers who are

  • What Detroit crisis? Pension fund trustees hang out in Hawaii

    The city of Detroit may be facing a deepening financial crisis but that hasn't stopped four trustees of its public pension funds from spending $22,000 of retirement system funds to attend a conference ...

  • Interpol rejects Russia's "political" case against fund manager Browder

    By Jason Bush MOSCOW, May 25 - Interpol has refused to include UK-based fund manager William Browder on its international search list after deciding that Russia's tax evasion case against him is "of ...

  • DTC to replace faulty AC buses

    New Delhi, May 25 (IANS) Transport Minister Ramakant Goswami Saturday directed the Delhi Transport Corporation (DTC) to replace its faulty air-conditioned buses that break down frequently. "The corporation ...

MAJOR STOCKS (A-G)

MAJOR STOCKS (H-N)

MAJOR STOCKS (O-Z)

MARKET COMMENTARY

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo! Cricket