Sensex closes marginally higher; consumer durable stocks gain

Mumbai, June 19 (IANS) A benchmark index of Indian equities market Wednesday ended the day's trade marginally higher than the previous day's close upon hopes of continuation of the US central bank's bond-buying programme.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 19,224.09 points, closed the day's trade at 19,245.70 points, up 22.42 points or 0.12 percent from its previous day's close of 19,223.28 points.

"While the markets will watch the Fed's decision very carefully as it will have a profound impact on global liquidity, there are hopes that the Fed's will continue the bond-buying program," said Dipen Shah, head, group research, Kotak Securities.

"Any reversal in the decision will effect international liquidity scenario, whereby there will be a withdraw of liquidity in the international system, this will definitely impact the Indian markets in a negative way as foreign investors will pull out."

According to market analysts, the decision will also impact the value of rupee which fell to 58.91 against a dollar Wednesday, fractionally less than the record low of 58.98 hit last week.

The partially convertible rupee opened weak at 58.82 against a dollar after hitting a record closing low of 58.77 in the previous day.

The Sensex touched a high of 19,274.26 points and a low of 19,100.13 points in the day's trade.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended 0.15 percent or 8.65 points up at 5,822.25 points.

The S&P BSE automobile index plunged 73.30 points, while healthcare index decreased by 25.05 points and the PSU index moved down by 21.82 points.

However, the consumer durables index was up 129.37 points, metal index was higher by 102.45 points, oil and gas index edged higher by 47.99 points, bank index was up 34.91 points and TECk index closed the day's trade up 13.02 points.

The prominent Sensex gainers were: Bharti Airtel, up 2.83 percent at Rs.299.70; Hindalco Inds, up 2.66 percent at Rs.104.20; Sterlite Inds, up 2.65 percent at Rs.85.25; Jindal Steel, up 2.52 percent at Rs.245.80; and Tata Steel, up 2.05 percent at Rs.290.55.

The main losers were: Tata Motors, down 1.80 percent at Rs.291.75; DrReddys Lab, down 1.55 percent at Rs.2,099.10; NTPC, down 1.39 percent at Rs.144.95, Tata Consultancy Services (TCS), down 1.33 percent at Rs.1,429.10; and Hero MotoCorp, down 1.26 percent at Rs.1,619.60.

Among other Asian markets, Japanese Nikkei was up by 1.83 percent and the Shanghai Composite Index gained 0.73 percent. However, the Chinese Hang Seng dipped by 1.13 percent.

The European markets were in the red. While London's FTSE 100 was trading down by 0.49 percent, Germany's DAX Index was lower by 0.26 percent and France's CAC 40 Index was 0.61 percent down.

Matches

MORE TOP STORIES TODAY

Punjab pull off another big chase

Punjab pull off another big chase

GAME 7, SHARJAH—Maxwell, Miller, Pujara chase down Rajasthan's 192. More »

Royal test for Kings

Royal test for Kings

Preview — Clash of philosophies between Australia-centric teams More »

Have nothing to prove to anybody — Sehwag

Have nothing to prove to anybody — Sehwag

The Nawab of Najafgarh says a good run in IPL could help his chances of a comeback on India's tour to England in June. More »

Shastri in proposed IPL probe panel

Shastri in proposed IPL probe panel

Some members stressed on the need for proposing names with an "impeccable record and clean image". More »

Duminy steals first win for Delhi

Duminy steals first win for Delhi

Furious fifties by Duminy and Dinesh Karthik end a long losing streak for the Daredevils. More »

Five things England must do to bounce back

Five things England must do to bounce back

England have appointed a new head coach in Peter Moores. More »

AB, Parthiv seal Bangalore's second win

AB, Parthiv seal Bangalore's second win

Royal Challengers overcame a stutter to cruise to the small target they were set by Mumbai Indians. More »

‘Felt like helpless minority’

‘Felt like helpless minority’

Former BCCI treasurer Ajay Shirke says emotions got the better of Srinivasan and he tried to oversimplify things by calling Meiyappan an “enthusiast.” More »

Srinivasan can attend BCCI meeting

Srinivasan can attend BCCI meeting

His status as president of TNCA makes him eligible to attend the Working Committee meeting on Sunday. More »

No way back for Pietersen: ECB

No way back for Pietersen: ECB

Kevin Pietersen's hopes of reviving his international career appeared to end Saturday when ECB managing director Paul Downton said there was 'no way back'… More »

The world record that nearly wasn't

The world record that nearly wasn't

Twenty years ago this week, Brian Lara became Test cricket's highest scorer, but he almost didn't make it. More »

Maxwell carves his parallel universe

Maxwell carves his parallel universe

Glenn Maxwell seems to project an icy disdain when at the crease. Match situations rarely faze him and the bubble in which he plays excludes everyone … More »

Moores gets second stint as coach

Moores gets second stint as coach

In a two-year spell from 2007 to 2009, the 51-year-old Moores led England in seven Test series. More »

Bangladesh senior players to see shrink

Bangladesh senior players to see shrink

Bangladesh's senior players will have three sessions with a psychological skill development coach later this month More »

BCCI is not anybody’s property — Dalmiya

BCCI is not anybody’s property — Dalmiya

Dalmiya feels that Srinivasan’s ‘power hungry’ attitude isn’t helping matters. More »

Tough for bowlers: Saeed Ajmal

Tough for bowlers: Saeed Ajmal

The 36-year-old believes the T20 format and rule changes in 50-over matches have made a real difference. More »

KP ridicules idea of day-night Tests

KP ridicules idea of day-night Tests

Kevin Pietersen has ridiculed the idea of day-night Test cricket, saying the game would be so different to proper Test cricket that we will need a whole… More »

Rajasthan edge low-scoring thriller

Rajasthan edge low-scoring thriller

The bowlers restricted Hyderabad to 133 for 6 before Rahane and Binny took Rajasthan over the line. More »

Maxwell blitz takes Punjab home

Maxwell blitz takes Punjab home

The Kings XI batsman blasted a 43-ball 95 to help his team pull off a massive chase against Chennai Super Kings. More »

BCCI members want independent probe

BCCI members want independent probe

The board members are realising after the Supreme Court's observations that something has to be done — IS Bindra More »

'BCCI lacks leaders to take on Srini'

'BCCI lacks leaders to take on Srini'

Two former BCCI presidents, Shashank Manohar and Jagmohan Dalmiya, have reacted strongly to the news of the BCCI calling an emergent meeting on Sunday… More »

Delhi look for first points against confident Kolkata

Delhi look for first points against confident Kolkata

Preview — The threat of Sunil Narine looms large again. More »

Bangalore vs Mumbai: A battle of the big-hitters

Bangalore vs Mumbai: A battle of the big-hitters

Preview — Given the firepower in both line-ups, Dubai crowd may see another high-scorer More »

Yuvraj tees off to Sharjah's delight

Yuvraj tees off to Sharjah's delight

Yuvraj Singh was hardly convincing to begin with against Delhi, but a big dose of crowd support and a helping of poor bowling meant he had the opportunity… More »