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ShareThe benchmark indices maintained their gaining streak amid volatility for third consecutive day today on back of positive global cues and PSU divestment push. The bellwether Sensex closed at 16,158.28, up 94.38 points while Nifty gained 30.60 points to close a tad lower than 4800 mark at 4796.15 ponits.
The markets opened on a positive note reaching an intraday high of 16283.86 in the morning session. Asian markets were trading firm today on better employment data from US and Australia's central bank raising economic growth forecast.
As been the case since last few days, markets witnessed high intraday volatility but remained in the positive territory throughout. The 30 shares index saw 19 scrips advance while 11 fell. Jaiprakash Associates was the biggest gainer on Sensex (4.76%) followed by Tata Steel (3.08%) & SBI (3.06%).
The broader market breadth was largely positive with 1944 shares advancing as compared to 780 ending in red.
Among the sectoral indices, BSE PSU index was the top gainer with 3.91% rise. PSU stocks witnessed great buying interest today after yesterday's announcement by home minister P Chidambaram that all unlisted PSUs (public sector undertakings) with a positive networth would be listed and a minimum of 10% of equity of all PSUs' would be held by public.
The 48 shares PSU index saw only 2 shares decline. MMTC Ltd. in which government owns 99.33% stake closed 20% up at Rs 36, 146.85. State Trading Corporation Limited was up 14.84% while Dredging Corporation of India gained 12.18%.
The other major gainers were BSE Realty index (up 2.81%), BSE Metal index (up 2.03%), BSE Bankex (up 1.75%), BSE Capital Goods index (up 1.7%). Rate sensitive realty shares which had corrected sharply in this recent downfall rose on bargain hunting with Unitech, DLF, Sobha Developers, Omaxe & Mahindra Life all gaining 2 to 4%.
However there were few sectoral losers which dropped slightly like BSE FMCG index (down 0.95%) and BSE Power index (up 0.54%).
