For Quick Alerts
For Daily Alerts

Sensex trims early gains; still up by 162 points

By Super
Sensex trims early gains; still up by 162 points
ICICI Bank: Quotes, News
BSE 438.60BSE Quote4.95 (1.13%)
NSE 438.65NSE Quote5 (1.14%)
HDFC Bank: Quotes, News
BSE 2472.00BSE Quote4.9 (0.20%)
NSE 2467.90NSE Quote39.2 (1.59%)
The S&P BSE benchmark Sensex trimmed its initial gains, but was still quoting higher by 162 points in the late morning trade after the Reserve Bank yesterday announced measures to increase the availability of cash in the banking system. Bank stocks rallied after the RBI relaxed some rules that will help banks deal with the notional or mark-to-market loss in their government bond portfolios due to a recent sharp fall in bond prices. Shares of consumer durable, capital goods, realty and PSUs also firmed up on good buying enquiries.

The Sensex resumed higher at 18,545.44 and advanced further to 18,567.70. However, a bout of profit-booking saw Sensex give up some gains to trade at 18,378.73 before quoting at 18,408.41, still showing a gain of 162.37 points or 0.89 per cent from its last close. The NSE 50-share Nifty also firmed up by 64.45 points or 1.19 per cent to 5,465.90 at 1030 hrs. Major gainers were BHEL (6.26 per cent), HDFC Bank (5.45 per cent), SBI (4.46 per cent), ICICI Bank (3.23 per cent),

HDFC (3.21 per cent) and M&M (1.93 per cent). Most Asian stocks fell in their early trade before the release of minutes of the Federal Reserve's July meeting. Key indices in Singapore, Hong Kong, Japan, and South Korea were down by 0.36 per cent to 1.07 per cent while indices in China and Indonesia rose by 0.08 per cent to 1.26 per cent.


Read more about: sensex nifty
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more