BSE Sensex near 2-week closing high, Infosys, SBI shares soar

Nov 19 2013, 19:20 IST
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Happy investors check out BSE Sensex as it rises to a high. PTI Happy investors check out BSE Sensex as it rises to a high. PTI
SummaryBSE Sensex rose for a third consecutive session after a rally in debt markets boosted banks.

In choppy trade, the BSE Sensex today climbed for the third straight day and ended 40.08 points higher at a nearly two-week high buoyed by gains in Infosys, SBI and Maruti Suzuki shares, amid sustained strength in the Indian rupee against US dollar.

Markets Top Gainers, Markets Top Losers

After gaining 656 points in previous two sessions, the Sensex gained 40.08 points, or 0.19 per cent, to end at 20,890.82 led by stocks of realty, capital goods and banking sectors. The index closed at 20,894.94 on November 6.

In the 30-scrip Sensex, Hindalco and Jindal Steel led the 14 gainers. SBI and Maruti gained over 3 per cent each. 15 counters led by Sesa-Sterlite, HDFC Bank and Coal India declined. Tata Power ended flat.

On similar lines, the broad-based NSE Nifty rose by 14.35 points, or 0.23 per cent, to close at 6,203.35, after touching 6,212.40 intra-day. Also, SX-40 index of MCX-SX closed 34.80 points up at 12,401.4.

Sensex graphs November 19

Brokers said steady capital inflows as rupee strengthened against the dollar and reports of higher earnings by some bluechips, mainly helped the domestic market extend gains.

Quote: Multi Commodity Exchange of India Ltd (MCX)

The rupee appreciated to touch 61.87 versus dollar intra-day. Globally, the US dollar traded weak against major rivals ahead of Fed chief Ben Bernanke's speech at National Economists Club in Washington later today.

Analysts hope Bernanke would speak in favour of keeping the USD 85 billion a month stimulus intact like New York Fed chief William Dudley and Federal Reserve chief nominee Janet Yellen did recently. Also, the release of FOMC minutes is expected on Wednesday.

Sensex graphs November 19

Sectorally, the BSE Realty sector index gained the most by rising 1.51 per cent, followed by Capital goods index (up 1.28 per cent), TECK index (0.46 per cent) and Banking index (0.35 per cent). IT index gained 0.28 per cent on Infosys scrip gaining 1.3 per cent.


* BSE index gains 0.19 pct; NSE ends 0.23 pct higher

* Jet Airways gains; chairman Goyal sells partial stake

* Financial Tech surges on unit's deal to sell SMX stake

BSE Sensex rises 40 points to end at two-week high

(Reuters) Indian shares rose for a third consecutive session on Tuesday to their highest closing levels in nearly two weeks, as

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