You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #61: Sensex closes 115 pts up on value buying [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Latest Breaking News Donate to DU
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 09:21 AM
Response to Reply #24
61. Sensex closes 115 pts up on value buying

MUMBAI: The BSE benchmark Sensex rose 115 points on Wednesday on value buying, which helped it wipe out initial losses in volatile trade, despite low GDP growth numbers for the second quarter.

After losing 115 points, Sensex bounced back to close 115.12 points, or 0.72 per cent, up at 16,123.46 led by refinery and IT stocks. Similarly, the broad-based National Stock Exchange index Nifty rose 26.95 points, or 0.56 per cent, to 4,832.05 after moving between 4,851.55 and 4,754.80.

Marketmen said trading sentiment improved on investors purchasing the recently battered stocks at cheaper levels, following the recent over 9 per cent fall in Sensex. They also said that GDP growth of 6.9 per cent in the July-September quarter was in line with market expectations, which kept the investor sentiment up even as the global markets were subdued on the euro zone debt crisis.

The major contributors to the upsurge were Reliance Industries, Infosys, SBI, Bajaj Auto, Bharti Airtel, Maruti Suzuki and TCS. The Oil & Gas sector index gained the most by rising 1.63 per cent to 8,152.63, followed by FMCG - 1.2 per cent to 4,040.82, Teck - 0.95 per cent to 3,352.80 and IT - 0.64 per cent to 5,499.09.
Printer Friendly | Permalink | Reply | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC