India's Sensex climbs 200 points; Telecom shares lead rally

Adjust Comment Print

The benchmark BSE Sensex rose by 200.95 points or 0.62 percent to 32,633.64, a record closing high, while the broader Nifty index ended up 63.40 points or 0.62 percent at 10,230.85.

Indian equities ended higher on Monday.

Monday saw a spell of volatile trade as Sensex went up by 250 points in first couple of hours before the gains got curtailed to 90 points. The rupee appreciated by another 25 paise to 64.68 against the U.S. currency in early trade at the interbank forex market today on dollar selling by banks and exporters.

Among BSE sectoral indices, banking index gained the most by 1.33 per cent, followed by TECk 1.23 per cent, metal 1.17 per cent and realty 0.54 per cent.

BSE Smallcap index gained 50 points or 0.30 per cent to end at 16,976.17 as shares of Swan Energy, Shiva Chemicals, Everest Industries, Radico, Suven, Bliss GVS and Ester surged over 10 per cent. Meanwhile, Colgate Palmolive (down 3.20 per cent), Adani Enterprises (down 2.21 per cent), IDFC Bank (down 2.19 per cent), ABFRL (down 2.02 per cent) and MRPL (down 1.81 per cent) pared gains.

The UN's educational, scientific, cultural agency — UNESCO
The American reluctance to pay due membership fees has negatively impacted the agency's routine operations and staff employment. UN General Assembly President Miroslav Lajcak has voiced concerns that the USA move could affect the important work of UNESCO .

Besides Bharti Airtel, IT bellwether TCS firmed up 0.32 per cent to Rs 2,556.75 even as the company's net profit fell 2.1 per cent in the September quarter.

Among specific stocks, shares of Bharat Financial Inclusion scaled to a seven year high level of Rs 1,046.70 in trade.

Hong Kong's Hang Seng was trading higher by 0.94 per cent, while Shanghai Composite rose 0.14 per cent in late morning trade. On the other hand, healthcare index was down 0.29 per cent, FMCG 0.25 per cent, capital goods and oil & gas 0.14 per cent each.

Major gainers were Tata Motors, Cipla, M&M, Dr Reddy's and Hindustan Unilever, rising by up to 1.72 percent.

Reliance's quarterly results out on Friday, should drive the stock to a new high in the day according to analysts.

Comments