Mostly Cloudy
-6°CThu :Partly Cloudy. High: -3 Low: -15

Sensex rises 148 points; M&M leads gain

Sensex rises 148 points; M&M leads gain

Mumbai: The BSE benchmark Sensex Monday rose 148 points on buying by funds mainly in auto, capital goods, teck and consumer durables stocks even as the RBI kept interest rates unchanged.

The Sensex gained by 147.94 points, or 0.77 percent, to 19,325.87. The index had gained 351 points in the previous session.

Similarly, the Nationa Stock Exchange index Nifty rose by 41.65 points, or 0.72 percent, to 5,850.05 led by auto stocks.

Brokers said an early monsoon raised hopes of better agri output and generate buying power in rural areas.

They said the market also bolstered on speculation the RBI will resume lowering borrowing costs after holding interest rates today.

Automakers led the gains. Tractor maker Mahindra and Mahindra surged 4.43 percent to Rs 989.40 after agreeing to buy stake in Spanish auto major CIE Automotive.

“The street was upbeat on the stock (M&M) after its auto component business made a deal with Spanish auto major CIE. The company is in the process of merging its component businesses into one entity,” said Nagji K Rita, Chairman & MD, Inventure Growth & Securities.

In 30-BSE index components, 23 stocks gained led by Reliance Industries, Infosys, Bajaj Auto, Bharti Airtel, BHEL, Hero MotoCorp, Maruti Suzuki and Larsen and Toubro.

The Auto sector index gained the most by 1.90 percent to 10,901.11 followed by capital goods index by 1.15 percent to 9,422.81. Teck index rose by 1.09 percent to 3,583.31 and consumer durable index by 1.02 percent to 6,659.68.

Barring metal, all the sectoral indices closed with gains up to 1.90 percent.

 

Top Stories

apple_iPhone_6_triple

Apple expands iPhone costs in India

March-05-2015
NEW DELHI: About a week post the union plan, Apple has expanded costs of all its cell phones in India by up
630_11

Home Ministry Sends Nirbhaya Documentary Ban Order to BBC

March-05-2015
New Delhi: The Home Ministry, sources said, has sent a duplicate of the court request disallowing the broadcast of the narrative “India’s
pmmodi-ss-20-02-15

Modi hammers resistance for blocking section of Land Bill in RS

March-05-2015
Affirming that the area bill is not hostile to rancher, Prime Minister Narendra Modi today scrutinized the restriction for making obstacles in
IN03_RAJNATH_1981452f

Strict Action against those exasperating collective amicability, says Rajnath Singh

March-04-2015
Strict move will be made against the individuals who aggravate collective amicability, government declared in Rajya Sabha on Wednesday while expressing that
1425454837antibiotics

India lessens costs of 509 crucial medications

March-04-2015
New Delhi: National Pharmaceutical Pricing Authority (NPPA) has settled the max cost of 509 vital medications, which prompted a drop in costs
Yogendra-Ashish-Arvind--PTI

Kejriwal Vs Yogendra Yadav: Know ‘actual reasons’ the reason knives are out in AAP’s session of thrones

March-04-2015
knives are out in Arvind Kejriwal drove Aaam Aadmi Party which as of late came to power in Delhi in the wake