Sensex gains 131 pts ahead of Parliament session

The BSE benchmark Sensex today surged by 131 points on speculations that the government

RELATED ARTICLES

might push through economic reforms in the winter session of Parliament starting tomorrow amid strong Asian cues.

The 30-share index had slipped to 18,309.81 in early trade but buying in realty and FMCG stocks helped the barometer recover. The index closed higher by 131.06 points, or 0.72 per cent, at 18,460.38 points.

The broad-based National Stock Exchange index Nifty rose by 43.25 points, or 0.78 per cent, to 5,614.80.

Trading sentiment improved as Finance Minister P Chidambaram said the government unperturbed over Opposition plans to move motions over issues, including FDI in retail, in Parliament as it is confident of support from all allies.

Retailers led by Pantaloon and Koutoon were in the limelight and recorded handsome gains on expectations the government will push through the decision of opening retailing to foreigners in a wave of policy making.

Investors were picking recently hit stocks of realty, private secor lenders and IT as economic reforms pave more revenues from overseas markets.

Sentiment further get a boost from firming Asian markets.

The realty sector index gained the most by adding 2.47 per cent to 1,877.82 followed by FMCG sector by 1.41 per cent to 5,780.06.

Consumer durable index rose by 1.40 per cent to 7,492.07 and banking index by 1.27 per cent to 13,156.39.

Markets @ 09.00 AM (Reuters)

The Sensex gains around 0.5 per cent, while the Nifty advances 0.42 percent. Shares in software services exporters gain tracking the weakening rupee, which has fallen 2.4 percent against the U.S. dollar this month as of Tuesday's close.

Tata Consultancy Services gains 1.4 percent, while Infosys gains 0.5 percent.

However, shares in Bharti Airtel fall 1 percent on profit booking after surging 14.6 percent so far in November as of Tuesday's close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must take the UN’s lead in recognising gay rights

    In what has by now become a matter of course, our judiciary again demonstrated that it is miles ahead of our government in terms of staying in tune wi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture