BSE Sensex rises 106 pts,hits one-month high on GDP growth,manufacturing data

BSE Sensex rises 106 pts,hits one-month high on GDP growth,manufacturing data

BSE Sensex extends gains for the third straight session today.

The benchmark BSE Sensex extended gains for the third straight session today and closed 106.08 points up at nearly 1-month high buoyed by better-than-estimated second quarter GDP growth and November manufacturing data.

Quotes: Top Value Stocks

The 30-share BSE Sensex index rose by 106.08 points,or 0.51 per cent to close at 20,898.01,after touching the day’s high of 20,941. In three days,BSE Sensex has gained over 477 points. This is the index’s highest closing since 20,974.79 on November 5.

ICICI Bank,Sun Pharma,L&T and Bharti Airtel led the 21 gainers in the bluechip index while HUL,ONGC,Infosys and GAIL were among the nine laggards.

The 50-share NSE Nifty index rose by 41.75 points,or 0.68 per cent,to 6,217.85 led by stocks of healthcare and capital goods.

Sensex graphs December 02


Brokers said 4.8 per cent growth in second quarter GDP bettered analyst estimates and the improvement in HSBC India manufacturing index for November boosted domestic markets.

The HSBC India Manufacturing Purchasing Managers’ Index (PMI) for the manufacturing industry climbed from 49.6 in October to 51.3 in November on the back of a rebound in new orders and output. This was the first manufacturing PMI reading above 50.0 since July and is the highest in 7 months.

Sectorally,the BSE Healthcare index gained the most and rose 2 per cent,followed by Capital Goods index (1.61 per cent),Banking index (1.16 per cent) and Metal index (1 per cent). Auto shares also saw some uptick after some companies reported lower-than-expected fall in November sales data,analysts said.

BSE Sensex gains,L&T,Tata Steel shares lead

(Reuters) BSE Sensex rose on Monday to mark its highest close in nearly a month as shares gained after promising manufacturing data was unveiled today in India and China,which eased concerns about slowing economies.

Larsen & Toubro (L&T) shares gained 2.6 percent on its plans to monetise assets in a key unit while Tata Steel shares rose 1.8 percent.

Markets Top Gainers,Markets Top Losers

The benchmark BSE Sensex index gained 0.52 percent,while the broader NSE Nifty index ended higher 0.68 percent,marking their highest close since Nov 5.

Sensex graphs December 02