Sensex gains 165 points, healthcare stocks rise

Mumbai, April 13 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed Monday’s trade with gains of over 165 points, as healthcare and capital goods stocks rose.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during Monday’s trade. It ended the day’s trade at 8,834 points — up 53.65 points or 0.61 percent.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,955.13 points, ended trade at 29,044.44 points– up 165.06 points or 0.57 percent from the previous day’s close at 28,879.38 points.

The Sensex touched a high of 29,072.51 points and a low of 28,843.94 points in the intra-day trade.

“Though volatile, market has progressed ahead expecting a poor fourth quarter results,” said Vinod Nair, head-fundamental research, Geojit BNP Paribas Financial Services.

Healthy buying was observed in healthcare, capital goods, consumer durables, fast moving consumer goods (FMCG) and oil and gas sectors.

However, automobile and realty sectors came under selling pressure.

The S&P BSE healthcare index gained 264.38 points, followed by capital goods index which augmented by 253.38 points, consumer durables index was higher by 173.88 points, FMCG index rose 79.75 points and oil and gas index was up 59.51 points.

However, the automobile index was down 126.30 points. The S&P BSE realty index slipped 4.01 points during Monday’s trade.

The major Sensex gainers on Monday were: Bharti Airtel, up 3.18 percent at Rs.424.45; BHEL, up 2.98 percent at Rs.241.85; Sun Pharma, up 2.69 percent at Rs.1,148.55; Larsen and Toubro (L&T), up 2.30 percent at Rs.1,801.95; and Reliance Industries, up 2.07 percent at Rs.922.40.

The losers were: Mahindra and Mahindra (M&M), down 2.58 percent at Rs.1,250.20; Hindalco Inds, down 1.38 percent at Rs.136; Gail, down 1.13 percent at Rs.394.80; Tata Motors, down 1.06 percent at Rs.555.90; and Sesa Sterlite, down 0.57 percent at Rs.200.55.

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