Sensex regains 27K mark, Nifty above 8,100 ahead of eco data
Mumbai: Snapping a three-day losing trend, Sensex today rose 65 points to reclaim 27,000-mark and Nifty gained 20 points to end above 8,100-level led by jump in Cipla, ITC, HDFC shares ahead of industrial output and retail inflation data releases.
The BSE 30-share barometer resumed higher and moved side-ways in a range of over 100 points before ending at 27,061.04 — a rise of 65.17 points, or 0.24 per cent. It had lost almost 324 points in previous three sessions on caution due to worries over early Fed rate hikes, among others.
On a weekly basis, Sensex logged its fifth straight rise as it inched up 34.30 points.
The 50-issue NSE Nifty reclaimed 8,100 level by recovering 19.80 points, or 0.24 per cent, to end at 8,105.50. It had shed over 88 points in previous three days.
On a weekly basis, Nifty also logged its fifth straight rise as it inched up nearly 19 points. Government is scheduled to release Industrial Production (IIP) data for July and inflation based on consumer price index (CPI) for August 2014 after market hours later today.
The rebound in benchmark indices was led by Cipla, Bharti Airtel, M&M, HDFC, HDFC Bank, HUL, ITC, SBI, Sesa Sterlite and TCS. Overall, 16 counters gained in the 30-scrip index.
Laggards included Hindalco, Sun Pharma, RIL, NTPC, L&T, Infosys, ICICI Bank, CIL, Dr Reddy, BHEL and Tata Power.
Smallcap and midcaps continued their upward journey. The BSE Midcap index gained 0.20 per cent and Smallcap index rose 0.50 per cent on sustained retail investor interest.
Meanwhile, Snowman Logistics made a stellar debut on the NSE with shares surging nearly 70 per cent.
Sectorally, the BSE Healthare Index gained the most by rising 0.74 per cent, followed by Consumer Durables index (0.72 per cent), Auto index (0.64 per cent), FMCG index (0.54 per cent) and Banking index (0.29 per cent).
Globally, Asian indices ended mixed. Europe barometers opened up ahead of a meeting of euro-area finance ministers.
Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 433.55 crore yesterday, as per provisional data.