Wednesday, June 16, 2010

Sensex ends on flat note; auto, IT, banks lead

Stock brokers rejoice as BSE sensex extended  its gains. File Photo: PTI
Stock brokers rejoice as BSE sensex extended its gains.

Equities ended lacklustre session on a flat-to-positive note Wednesday after a recent rally backed by global markets.

Bombay Stock Exchange’s Sensex ended at 17441.23, up 28.40 points or 0.16 per cent. The 30-share index hit a high of 17530.38 and low of 17407.30.

National Stock Exchange’s Nifty closed at 5228.15, up 5.8 points or 0.11 per cent. The index touched a high of 5255.65 and low of 5214.90.

BSE Midcap Index was up 0.01 per cent and BSE Smallcap Index advanced 0.12 per cent.

Amongst the sectoral indices, BSE Auto Index moved 1.34 per cent higher and BSE IT Index gained 0.78 per cent. BSE PSU Index slipped 0.84 per cent and BSE FMCG Index declined 0.59 per cent.

M&M (4.30%), ICICI Bank (2.55%), Sterlite Industries (2.17%) Tata Motors (2.10%) and HDFC (1.81%) led the Sensex upmove.

Auto major Tata Motors today said its global sales increased by 50 per cent in May to 79,819 units on robust demand for both commercial and passenger vehicles. Sales of luxury models from Jaguar Land Rover stood at 19,053 units during May, up 72 per cent from the same period last year, the company said in a statement.

HUL (-1.88%), ACC (-1.79%), Cipla (-1.44%), Bharti Airtel (-1.32%) and Tata Steel (-1.28%) resisted the upmove.

Market breadth was positive on the BSE with 1504 advances against 1318 declines.

Source http://economictimes.indiatimes.com/Sensex-ends-on-flat-note-auto-IT-banks-lead/articleshow/6054418.cms

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