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Sensex rebounds 233 pts on global cues

The benchmark S&P BSE Sensex on Thursday bounced back, snapping a two-day of falling trend to close up by 233 points at 19,410.84 on the back of firm global advices, despite sustained selling by foreign funds.

BT Online Bureau | July 4, 2013 | Updated 17:32 IST

The benchmark S&P BSE Sensex on Thursday bounced back, snapping a two-day of falling trend to close up by 233 points at 19,410.84 on the back of firm global advices, despite sustained selling by foreign funds.

Shares from IT, FMCG, Teck, Realty, Consumer Durable and Refinery segments attracted good buying support and were at the forefront.

In all, 11 out of 13 sectoral indices closed in the green while only BSE-Metal finished in the red on concerns over China's growth and BSE-CG ended almost stable.

ITC was in the limelight and shot up by 3.74 pct, contributing more-than 75 points to the Sensex's rise.

Other Sensex-based counters like TCS, Infosys, RIL, Tata Motors, HUL, Bharti Airtel and HDFC also were in demand and notched smart gains.

The Bombay Stock Exchange 30-share barometer resumed higher and remained in positive terrain throughout the day to settle at 19,410.84, revealing a rise of 233.08 points or 1.22 pct. In last two days, it had plunged by almost 400 points or 2.04 pct.

The broader 50-issue CNX Nifty of the NSE also recovered by 66.05 points or 1.14 pct to 5,836.95.

Second-line stocks underperformed the Sensex following lack of major participation by retail investors as the BSE-Midcap and BSE-Smallcap indices closed up by 0.56 per cent and 0.21 per cent respectively.

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