BSE Sensex jumps by 115 pts, Reliance Industries, Infosys shares gain

Nov 28 2013, 18:47 IST
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Dr. Reddy's Laboratories Ltd shares gained after a rival received an import ban for a key drug from the US regulator. PTI Dr. Reddy's Laboratories Ltd shares gained after a rival received an import ban for a key drug from the US regulator. PTI
SummaryBSE Sensex gained 0.71 pct, while broader NSE Nifty index ended higher 0.81 pct.

The benchmark Sensex today broke two straight sessions of falls and closed 114.65 points up buoyed by rise in capital goods, realty and power shares, amid expiry of monthly equity derivative contracts and strong global cues.

Gains in Reliance Industries (RIL), Larsen & Toubro (L&T), Infosys Ltd, HDFC Ltd and Mahindra & Mahindra Ltd shares helped the index log gains, while losses in ICICI Bank, Tata Motors and ITC Ltd capped further rise.

After losing 185 points in previous two sessions, the Sensex recovered by 114.65 points, or 0.56 per cent, to 20,534.91. In the 30-share barometer, 23 constituents rose while seven fell. Overall, 12 of 13 BSE sectoral indices rose.

The 50-share National Stock Exchange index Nifty rose by 34.75 points, or 0.57 per cent, to end at 6,091.85, after touching 6,112.95 intra-day.

Also, SX40 index of MCX Stock Exchange closed 65.24 points higher at 12,185.23.

Global stock indices closed in green tracking gains in US yesterday on analysts cheering data on jobless claims and consumer confidence.

However, the strength in US dollar weighed on rupee that was last trading at 62.3 levels, slipping from Wednesday's close of 62.14 -- a three-week high.

Brokers said equity investors and foreign funds were seen covering their pending positions created in recent bear phase.

On the expiry of monthly derivatives, Sahaj Agrawal, Deputy Vice President - Derivatives Research, Kotak Securities said: "Nifty ended the November series with loss of near 3 per cent. Significant volatility was seen in the last week of the November month is expected to witness increased volatility owing to (state) polls outcome."

Sectorally in the cash segment today, the BSE Capital Goods sector index gained the most as it rose 1.92 per cent, followed by BSE Realty index (1.40 per cent), BSE Power index (1.37 per cent) and Metal index (0.95 per cent).

Oil&gas shares saw modest gains after crude oil consolidated at a six-month low after US crude stockpiles rose for a tenth straight week.


* BSE index gains 0.56 pct;

* NSE ends 0.57 pct higher

* July-Sept GDP seen picking up slightly to 4.6 pct y/y

* Bets increasing for a rally in Apollo Tyres

Indian shares rebound after two days of losses; GDP data awaited

(Reuters) Indian shares rose on Thursday, recovering from two sessions of falls as Power Grid Corp and other blue

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