Mumbai, Mar (EPC News): SENSEX was up by 1.19% in today's trading and reached to 18439.65 points, up by 216.98 point from the previous trading session.
The companies which backed the rising SENSEX were mainly from the financial, oil & gas, telecom, technology and metal sector. The Nifty also closed at 5520.80.
All the sectors performed better than yesterday. However, DB realty slumped to 3.75% mainly due to its name invloved in 2G scam.
The main gainer was Bharti Airtel which was up by 3.16% in BSE. Even the BSE Oil & Gas index performed positively amidst the tension over the current crude oil price crisis due to tension in Libya. ONGC was the frontrunner in the Oil & Gas sector with the gain of Rs7.65 to Rs271.55 from its yesterday's price of Rs263.90.
One of the main reason for upbeat performance in Oil & Gas sector was the mild cooling of crude price with NYMEX crude index reduced by 0.27%. Over all the BSE Oil & Gas indice was up by 87.88 points while capital goods rose by 53.41 points.
BSE metals gained 233 points as against previous session.The market was also supported by the possible political stability at the centre with DMK and Congress are continuing their alliance talks after yesterdays fall out which affected previous trading session badly.
By Jamin Panchal
Posted by:
epcworld
| Posted on:3/8/2011 at 1:41 PM