NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » Sensex ends up 40 points, Nifty above 6,200

Sensex ends up 40 points, Nifty above 6,200

Last updated on: November 19, 2013 16:27 IST

Sensex ends up 40 points, Nifty above 6,200

Surabhi Roy in Mumbai

Markets ended flat on Tuesday, amid a range bound trading session, tracking weakness in Asia and Europe. Key Asian share indices ended lower while European share were trading weak.

The 30-share Sensex ended up 40 points at 20,891 mark and the 50-share Nifty ended up 14 points at 6,203 levels.

Among broader markets, BSE Midcap and Smallcap indices gained between 0.3-0.4%.

The market breadth in BSE remains ended marginally positive with 1,297 shares advancing and 1,205 shares declining.


Foreign institutional investors (FIIs) bought shares worth a net Rs 1158.57 crore on Monday, 18 November 2013, as per provisional data from the stock exchanges.


World shares edged back from near six-year highs on Tuesday amid investor concerns that the latest rally may have been overdone, while optimistic comments about the US economy helped limit the dollar's losses.

In Europe, where the broad FTSEurofirst 300 index fell 0.4% in early deals, investors were looking ahead to the latest reading of German economic sentiment and updated global economic forecasts from the OECD, for a guide to trading.

Germany's ZEW sentiment index is expected to climb further in November despite lacklustre growth data from around the euro zone last week, though a strong number may not be enough to shake market worries about the current high share values.

Asian shares edged to a two-week high on Tuesday, riding on the previous day's hefty gains sparked by optimism over China's economic reform plans, while the dollar was hobbled by expectations the US Federal Reserve will keep its stimulus a little longer.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1%, adding to Monday's 1.4% rally fed by a sharp jump in Chinese stocks and heading for a fourth straight day of gains.


The rupee gained past 62 to a dollar to a near two-week high on Tuesday on heavy selling by foreign banks on behalf of their overseas clients.


BSE Realty and Capital Goods indices gained between 1-2% followed by counters like TECk, Bnaks, IT, PSU, Auto, Metal and Oil & Gas, all gaining marginally. On the losing side, Consumer Durables, FMCG, Healthcare and Power indices declined between o.2-1%.

Metal stocks extended Monday's gain triggered by China unveiling its boldest set of economic and social reforms in nearly three decades late last week.

The main gainers on the Sensex were Hindalco, JSPL, SBI, Maruti Suzuki, GAIL, L&T and Bharti Airtel, all gaining between 2-4%.

Larsen and Toubro (L&T) ended higher by nearly 2% at Rs 994, its highest level since July this year on the Bombay Stock Exchange.

Infosys rose over 1%. The stock hit a 52-week high in intraday trade.

Bharat Heavy Electricals Limited moved higher by over 1%, recovering nearly 3% from intra-day’s low, after the company has received order worth of Rs 1,300 crore from the state-owned electric utilities firm NTPC.

On the losing side, Sesa Sterlite, HDFC Bank, Coal India, Bajaj Auto and TCS dipped between 1-2%.


IFGL Refractories soared over 7%, extending its past five day’s rally, on reporting a robust earnings for the second quarter ended September 30, 2013 (Q2FY14).

Shalimar Paints rallied over 12% on back of heavy volumes on the bourses.

Sabero Organics Gujarat ended lower over 4% after the company said that it has received a letter from Gujarat Pollution Control Board (GPCB) to close production process at its Sarigam unit due to non-compliances of the environmental parameters.

Jet Airways (India) ended higher by over 3% on reports that the board of directors of the company will meet tomorrow to finalise the preferential allotment of 24% equity to Etihad Airways.

Aban Offshore soared over 17%, extending its 6% rally in past three days on BSE, after reporting 58% year-on-year (yoy) growth in consolidated net profit at Rs 77.68 crore for the quarter ended September 30, 2013 (Q2), on back of  good operational performance and higher revenues.

Image: Bombay Stock Exchange.
Photographs: Reuters