Bombay Stock Exchange Reporting a Gain of 80 Points
Submitted by Gurpreet Singh on Tue, 06/28/2011 - 06:25
Today, the benchmark at Bombay Stock Exchange has gained 80 points whereas the Foreign Institutional Investors (FIIs) were observed to bought shares worth nearly Rs 2,953 crore in three sessions since June 23, notified the analysts.
The Bombay Stock Exchange 30-share barometer has gained a pace soon after the opening trade and credited a hike of 18,527.45 and rolled down to 18,323.44. Afterwards, it has displayed fluctuations to settle at 18,492.45, up
80.04 points or 0.43% and gained 862 points in the last three sessions.
“FII inflows have partly powered this rally, while the Government’s move to hike fuel prices has been greeted with cheer. Globally too, things haven’t really got worse, with Greece, in all probability looking like averting a default”, said the Head of Research, IIFL, Amar Ambani.
On the other hand, the Asian and European stocks ended with mixed results as the traders have followed some attentive policies ahead of a vote in the Greece parliament on austerity measures. The Shanghai composite index was observed at 0.15% lower at 2,762.34 points.
Names including Hindalco, Bajaj Auto, BHEL and HDFC have secured a place among the gainers on the Sensex whereas Jaiprakash Associates, DLF, Wipro and ITC faced a disappointment on the benchmark.
