IT, TECk stocks push Sensex up 141 points

Adjust Comment Print

The Sensex was up 140.70 points or 0.41 per cent at 34,556.28 and the Nifty up 45.95 points or 0.43 per cent at 10,610. The stock was once again the highlight of the Street as the IT major's shares surged as much as 4 per cent in intra-day trade, making it the first company to breach the $100 billion market capitalisation milestone. The gauge had gained 35.19 points in the previous session. The 30-share index was trading higher at 34,585.45 at 1100Hrs, reflecting a gain of 119.85 points, or 0.35 per cent.

This is published unedited from the PTI feed.

The top losers were: Wipro, down 3.30 per cent at Rs 287.05; Infosys, down 2.49 per cent at Rs 1,153.90; Tata Steel, down 1.23 per cent at Rs 598.25; State Bank of India, down 0.87 per cent at Rs 240.60; and Tata Consultancy Services, down 0.87 per cent at Rs 3,385.65.

The rupee depreciated 21 paise to 66.59 against the U.S. dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices.

Financials stocks also rose, with Yes Bank and Kotak Mahindra Bank among top percentage gainers.

Mets send Harvey to bullpen
With a team off day Monday, the Mets could choose to skip Harvey's spot in the rotation if Vargas is indeed ready. So, in the event a mysterious injury doesn't pop up for him, Harvey should get the ball again in five days.

Japan's Nikkei added 0.9 percent as a lower yen supported export-heavy firms.

Among sectoral sub-indices, pharma rallied the most at 1.5 per cent while metal lost nearly 0.80 per cent.

Market breadth was negative with 1750 stocks closing lower against 898 ending higher on the BSE. The yield on the 10-year Treasury note climbed, settling just below the 3 per cent level. In the broader market, the BSE Midcap and the BSE Smallcap indices remained little changed.

The sanctions on Rusal had driven prices of the metal to their highest since mid-2011 recently on fears that the global market could face shortages.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 21.02 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 111.01 crore last Friday, provisional data showed.