The Sensex moved up by 86.88 points on Friday on the Bombay Stock Exchange and closed higher at 13,471.74 on sustained heavy speculative demand in select scrips by foreign institutional investors and domestic investors.
Updated at 5 pm
MUMBAI: The Sensex moved up by 86.88 points on Friday on the Bombay Stock Exchange and closed higher at 13,471.74 on sustained heavy speculative demand in select scrips by foreign institutional investors and domestic investors.
The sensitive index of BSE has shot up by 130 points in the last two days. The market caught steam in the fag end of the trading session as buying intensified for index pivotals, with the Sensex striking a fresh intra-day high of 13493.88.
The barometer index gained 86.88 points at 13,471.74. It opened firm at 13,398.13 following firm global markets. Its intra-day low was at 13,362.11.
The BSE metal and CG indices jumped up sharply by 128.73 points and 106.11 points respectively and closed at 8837.89 points for metal index and CG index at 8917.62 points, followed by the oil and gas index by 64.78 points and was quoted at 6126.68 points.
The small cap index was up by 55.95 points and touched 6721.38 points, PSU index went up by 53.94 and closed at 5916.62 points and auto index by 44.22 points and closed at 5345.54 points.
The S&P CNX Nifty index of NSE rose 37.65 points to 3871.15 at the end of the session before it resumed high at 3834.90 points. The Nifty index recorded a high at 3880.15 and a low at 3823.40 points during the intra-day.
The market breadth was strong on BSE, with around 1.5 gainers for every loser, as buying interest was seen for small and madcap stocks. On BSE, 1501 shares advanced, as compared to 1069 that declined. 92 stayed unchanged. The total turnover on BSE amounted to Rs 4188.60 crore, as compared to Rs 4369 crore on Thursday. Among the Sensex pack, 22 advanced while the rest declined.
Most Asian markets were trading with gains on Friday.
The Nikkei average gained 0.34 per cent at 17,104.96, rising for the third straight session to the highest close since May 9. The Hang Seng index was up 0.51 per cent to 19,320.52. The annual inflation rate was low at 4.39 per cent during the corresponding week of the previous year, data released on Friday indicated.
US stocks dropped on Thursday as concerns that economic growth could be slowing faster than expected dented optimism about corporate profits. Reports that showed a contraction in regional business activity and a downward revision in GDP data overshadowed a fresh flurry of corporate takeovers.
The Dow Jones industrial average was down 42.62 points, or 0.34 per cent, to end at 12,421.25. The Standard & Poor's 500 Index was down 5.22 points, or 0.37 per cent, to finish at 1,418.31.
The Nasdaq Composite Index was down 11.76 points, or 0.48 per cent, to close at 2,415.85.
Crude oil for February delivery was at $62.62 a barrel, down 4 cents, in after-hours electronic trading on the New York Mercantile Exchange in Singapore, brokers said.
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