Sensex continues to rule firm, up 61 points

Mumbai, Feb 26 – Persistent foreign capital inflows pushed up the benchmark S&P BSE sensex to rule firm for the fourth consecutive day as the index gained 61 points to 20,913.27 in morning trade despite mixed Asian cues.

 

Shares of consumer durables and capital goods were the major gainers.

 

The sensex resumed higher at 20,869.61 and firmed up further to a high of 20,939.27 before quoting at 20,913.27 at 10.30am, showing a gain of 60.80 points or 0.29 per cent from its last close.

 

The NSE 50-share Nifty also moved up 14.45 points or 0.23 per cent to 6,214.50 at 10.30am.

 

Major gainers were Gail India 1.43 per cent, Wipro 1.32 per cent, Sun Pharma 1.07 per cent, ITC 0.96 per cent, SBI 0.92 per cent, M&M 0.90 per cent and BHEL 0.82 per cent.

 

Volatility may remain high on Wednesday as traders roll over positions in the futures and options (F&O) segment from the near-month February 2014 series to March 2014 series. The near month February 2014 F&O contracts expire today.

 

Foreign institutional investors (FIIs) bought shares worth a net Rs 423.41 crore on Tuesday as per provisional data from the stock exchanges.

 

The stock market will remain closed on Thursday, 27 February 2014, on account of Mahashivratri.

 

Asian stocks were trading between gains and losses as energy shares advanced, countering declines by raw-material producers. Key benchmark indices in China, Hong Kong, South Korea and Taiwan rose by 0.14 per cent to 0.47 per cent and indices in Singapore and Japan fell by 0.34 per cent to 0.58 per cent.

 

TOI