Mostly Cloudy
7°CFri :Partly Cloudy. High: 14 Low: 6

Sensex rises 109 points; Infosys, L&T and RIL lead gain

Sensex rises 109 points; Infosys, L&T and RIL lead gain

Mumbai: The BSE benchmark Sensex Wednesday closed 109 points higher led by buying mainly in stocks of realty, capital goods, IT and banking sectors amid a firming global trend.

Rising for the second straight day, the Sensex ended 109.44 points, or 0.57 percent, up to close at 19,252.61. The index had gained 265 points in the previous session.

Similarly, the broad-based National Stock Exchange index Nifty rose by 34.35 points, or 0.59 percent, to 5,818.60.

Brokers said the rate-sensitive stocks rose on expectations the Reserve Bank of India might cut interest rates in its policy meeting this month.

They said IT stocks rose as investors felt a weak rupee and a rally in global markets might increase revenue of software companies, which get over 60 percent business from the US and Europe.

The Dow Jones Industrial Average index increased to a record high, as the US service industry expanded at the fastest pace in a year and investors bet global central banks will continue stimulus measures.

The two most heavy with their nearly 16 percent weightage on the Sensex Reliance Industries and Infosys spurted by 1.03 percent to Rs 834.80 and 1.56 percent to Rs 2,966.45, respectively.

Another index-linked Larsen and Toubro advanced by 2.86 percent to Rs 1,433.70 after Goldman Sachs joined Nomura Holdings and Jefferies India to raise the stock’s rating.

In 30-BSE index components, 18 stocks gained while 12 ended with losses. The Realty sector gained the most by 4.52 percent to 2,034.94 as DLF spurted by 3.81 percent to Rs 269.55.

The capital goods index was second best performer by rising 2.47 percent to 9,525.41 followed by metal index by 2.20 percent to 9,329.08. IT sector index rose by 1.32 percent to 6,944.59 and Banking index by 0.65 percent to 13,616.18.

 

Top Stories

rupee-3_660_103114092210

India positions 156th in assessment installment, says World Bank report

October-31-2014
India is one of the most noticeably bad places for paying expenses and has been positioned 156th out of 189 countries by
arun-jaitley_660_103014074323

Don’t ignore local black money: Arun Jaitley

October-31-2014
NEW DELHI: As a feature of his technique to meet the expense accumulation focus for the current monetary year, fund priest Arun
Gautam-Upen-Cover

Bigg Boss 8 Breaking: Upen or Gautam Who Wins Task To Be Captain

October-30-2014
According to data accessible to sources there will be an errand that chooses who will be the new commander in the Bigg
1414586257-1625

Shweta Basu Prasad discharged from rescue home

October-30-2014
National grant winning performer Shweta Basu Prasad, who was captured few weeks back by Hyderabad police on charges of prostitution, has been
A person holds a magnifying glass over a computer screen displaying Twitter logos

IBM, Twitter to accomplice on business data analyst

October-30-2014
International Business Machines Corp (Ibm.n) on Wednesday published an organization with Twitter (Twtr.n) to help shape business choices utilizing information gathered from
smriti-irani21

Saffron schoolbooks? Smriti Irani meets RSS leaders to examine training changes

October-30-2014
Human Resources Development Minister Smriti Irani apparently met RSS pioneers today to examine instruction changes. The RSS pioneers talked about the Indian