Cloudy
-2°CSun :Rain/Snow Showers. High: 6 Low: 1

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

Gautam_Gulatijpg_2_hvqpe

Bigg Boss 8: Gautam Gulati is the champ, say HT perusers

January-30-2015
Mainstream reality show Bigg Boss 8 is all situated for its excellent finale on January 31. Over the recent days, we saw
Microsoft_ap_2294854f

Microsoft dispatches new Outlook application for ios, Android clients

January-30-2015
Taking Gmail and other email applications head on, Microsoft has dispatched another Outlook application for ios and Android gadgets. The new application
vijender_2294869f

Harmed Vijender hauls out of National Games

January-30-2015
Star Indian boxer Vijender Singh has hauled out of the 35th National Games beginning tomorrow in the wake of neglecting to recuperate
modi_twitter-624x351

PM Modi’s locations e-Governance gathering on Twitter, pushes for versatile first methodology

January-30-2015
In a to start with, Prime Minister Narendra Modi today decided to deliver his comments to the eighteenth National Conference on e-Governance
ayushmann

Hawaizaada Review: Ayushmann stars in an illogical and exhausting film, flies around in batsuit

January-30-2015
Hawaizaada cases to be the story of Shivkar Talpade, a Maharasthrian researcher from the 1860s, who apparently manufactured the world’s initially unmanned
arvind-kejriwal

Get prepared to serve Delhi and make it ok for ladies: Arvind Kejriwal to AAP unit

January-30-2015
New Delhi: In an endeavor to activate the Aam Aadmi Party unit, AAP boss Arvind Kejriwal on Thursday spoke to his gathering