BSE sensex raised by 98.72 points
June 24 Mumbai:The share market opened in negative terrain because of expiry of June futures and options contracts due tomorrow and the market gathered momentum after mid session to end the day in positive. BSE Sensex ended at 14,422.73 points and NSE Nifty at 4,292.95 points.
The market today opened in green in line with other Asian markets. Market quickly lost ground and slipped lower on some selling pressure. The government announcement of lesser monsoon rain expected this year than the normal annual monsoon rains, which are a lifeline for the country's trillion dollar economy, have weakened and are expected to be below normal. This lead to worries about agricultural production due to uncertainty existing in monsoon kept the sentiments weak.
The 30-share BSE index increased by 0.69 percent, or 98.72 points at the end of the day, higher at 14,422.73 points, with 24 stocks rising and while 6 share in red. It opened up and quickly fell as much as 0.8 percent before rebounding 1.1 percent at one stage.
L&T which lost nearly a 10% of its market value in the last fortnight, led the gains on speculation the engineering and construction firm would benefit from expected higher spending on infrastructure.
Major Gainers from the BSE Sensex
JP Associates (6.01%)
Sun Pharma (5.00%)
TCS Ltd (4.33%)
Tata Motors (4.20%)
Grasim Industries (4.20%)
ACC Ltd (3.24%)
Major Loser in BSE Sensex
HDFC Bank (1.97%)
HDFC (1.96%), ICICI Bank (1.16%)
ICICI BANK (1.2 %)
Sterlite Industries (1.00%),
Reliance (0.79%)
Ranbaxy Lab (0.29%).
Top three High Traded shares
Suzlon Energy on 23.8 million shares
Reliance Natural Resources on 23 million shares
Unitech on 18.9 million shares
Stocks that jumped high today
Educomp Solutions rallied 11.2 percent to 3,427.35 rupees after it formed an equal joint venture with British publishing group Pearson to offer vocational and skills training in India.
ABB Ltd gained 4.58%. The company has won orders wroth Rs 220 crore from Tata Projects Limited.
BSE sensex raised by 98.72 points
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