Mumbai: The benchmark BSE Sensex rose 52 points to close at 31,155.91 points today in a volatile trade, as oil and gas, banking and pharmaceuticals stocks gained amid positive signs worldwide. Inflation based on the wholesale price index fell to a five-month low of 2.17 percent in May, raising sentiment among investors, brokers said.
Investors, however, were cautious ahead of the latest Federal Reserve decision on interest rates later in the day, they said. The 30-share Sensex rose again to 31,147.69 and remained in a range of 31,190.36 and 31,054.94 before settling at 31,155.91, showing a gain of 52.42 points, or 0.17 percent . The indicator had gained 7.79 points in the previous session. The 50-share Nifty also ended up 11.25 points or 0.12 percent at 9,618.15, after moving between 9,627.40 and 9,580.45.
Profits at Reliance Industries, Larsen and Toubro, Dr Reddy’s and ICICI Bank helped the Sensex finish on the green. In the 30-share Sensex, RIL gained more by climbing 3.30 percent on reports that its subsidiary, Reliance Jio, added the largest amount of 4 million new users to reach a base of 112.55 million consumers.
Main Pharma Cipla, FMCG giant ITC and HDFC Bnak were among the top losers dropping to 2.16 percent. Sectorial, real estate of the BSE rose 1.50%, followed by capital goods 0.88%, oil and gas 0.68%, PSU 0.25%, teck 0.24%, IT 0.18% %, Banking 0.10% and consumer goods 0.08% centavo. The broader market outperformed key indexes with the small capitalization index rising 0.46 percent and the median capitalization index 0.01 percent.
In the Asian region, Hong Kong’s Hang Seng rose 0.09 percent, while the Shanghai composite index fell 0.73 percent and Japan’s Nikkei fell 0.08 percent. Europe’s Frankfurt DAX rose 0.56 percent, while the Paris CAC rose 0.93 percent in its initial trade. London FTSE also up 0.44 percent.
