BSE Sensex starts new year on firm note, still up by 26 points

Jan 01 2014, 12:09 IST
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The BSE Sensex had gained 27.67 points in the previous session. The BSE Sensex had gained 27.67 points in the previous session.
SummaryBSE Sensex rises 0.25 pc to trade higher at 21,223 points with all sectoral indices in positive zone.

The BSE Sensex trimmed its initial gains but was still quoted higher by 26 points in the late morning trade on mild buying mainly in healthcare, capital goods, metal, realty and banking counters on the back of overnight gains in New York market.

Sustained capital inflows from foreign funds also boosted the market sentiment. Foreign institutional investors (FIIs) bought shares worth a net Rs 309.70 crore yesterday as per provisional data from the stock exchanges.

The sensex resumed higher at 21,222.19 and hovered in a range of 21,244.35 and 21,166.55 before quoting at 21,196.42 at 1030hrs, showing a net gain of 25.74 points or 0.12 per cent from its last close.

The NSE Nifty also moved up by 9.75 points or 0.15 per cent to 6,313.75 at 1030hrs.

Also check: Markets Top Gainers, Markets Top Losers

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Major gainers were Coal India at 0.95 pct, Maruti Suzuki India 0.73 pct, Hero MotoCorp 0.68 pct, Mahindra & Mahindra 0.68 pct, Larsen & Toubro 0.66 pct and * Cipla 0.64 pct.

Other Asian stock markets remained closed today, January 1, for New Year Holidays.

US stocks rose to records yesterday with the Standard & Poor's 500 Index posting its biggest annual advance since 1997, as higher consumer buoyancy and gains in housing prices bolstered confidence in the world's largest economy.

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