Sensex rises by 77 points

DECEMBER 2:Pivotals rallied on the Bombay Stock Exchange (BSE) today on emergence of fresh buying by foreign funds coupled with local sup...

DECEMBER 2:Pivotals rallied on the Bombay Stock Exchange (BSE) today on emergence of fresh buying by foreign funds coupled with local support. Sensex gained by 77 points as expectations that the insurance reform bill would be approved by Parliament boosted the sentiment.

Sensex (BSE sensitive index) opened at 4617.76, marginally higher from the previous close of 4614.96 points, surpassed the 4700 mark and touched the day’s high of 4730.29 registering an intra-day gain of 112 points. However, Sensex suffered a moderate setback towards the fag end of trading and closed at 4691.67, showing a net gain of 76.71 points as against the previous close. The BSE-100 Index gained by 36.54 points to 2278.97 from the previous level of 2242.43.

Brokers said the sentiment was boosted following the positive factors like the 20-per cent growth in export and passage of Insurance Regulatory Authority (IRA) bill in Lok Sabha. However, the news of the passage of the controvercial bill opening up the insurance sector to privateand foreign investors landed after the end of the session.

Story continues below this ad

FIIs reportedly made purchases in Satyam Computer and Ranbaxy. Besides, Aptech, Zee Telefilm and Hindustan Lever also remained better on fresh support. Operators, who were keeping low profile despite continued FIIs activity with net purchases in the last a few days, enlarged their positions.

The volume of business was sharply low at Rs 2993.23 crore as compared to yesterday’s turnover of Rs 4204.09 crore.

Trump announces TikTok deal, surprise China visit ‘early next year’ after call with Xi

World11 hr ago

Trump and Xi had a successful phone call, addressing trade, Fentanyl, and TikTok. They plan to meet at APEC Summit and for Trump to visit China, with Xi visiting the US. Congress wants TikTok to sell its US assets or shut down, but Trump has not enforced this due to the app's value and progress.

View all shorts

Live Blog