BSE Sensex rises for second day, ITC, Hindustan Unilever shares soar - Indian Express

Reuters : Mumbai, Fri Jul 05 2013, 16:58 hrs The BSE Sensex gained 0.38 percent, while the 50-share NSE Nifty rose 0.53 percent. Reuters BSE Sensex rose for a second consecutive session on Friday, rising 85 points, as ITC shares gained after raising prices for one of its cigarette brands, while Hindustan Unilever advanced to a record high after parent company Unilever increased its stake in the Indian unit. The 30-share index commenced the day's trade on a bullish note at 19,616.89 but lost most of the early gains and settled just 84.98 points, or 0.44 per cent higher at 19,495.82. Sensex had gained over 233 points yesterday. * BSE Sensex * NSE Nifty Similarly, the wide-based National Stock Exchange index Nifty gained 30.95 points, or 0.53 per cent, to close at 5,867.90. Also, SX40 index, the flagship index of MCX-SX, closed 60.3 points, or 0.52 per cent higher at 11,625.88. Brokers said the market remained firm as market heavyweights Reliance Industries surged and Hindustan Unilever climbed to record high after Anglo-Dutch parent company Unilever Plc said it has increased its stake in it. A firming trend on other Asian bourses and higher opening in European markets as investors awaited data on the US job data also boosted the trading sentiment here, they added. Sugar stocks were also back in demand following reports that the government is planning to hike import duty to discourage arrivals from overseas markets. Meanwhile, foreign institutional investors continued lapping up domestic equities and pumped in over Rs 164.56 crore yesterday, as per BSE provisional data. Out of the 30 BSE index components, 16 stocks ended higher led by Jindal Steel rising 3.51 per cent to close at Rs 223.90. Among other major gainers, RIL rose by 2.15 per cent to Rs 880.20 and HUL by 1.40 per cent to Rs 609.15. Sectorally, the oil and gas sector index gained the most by rising 1.49 per cent to 8,915.96, followed by FMCG index by 0.89 per cent to 6,845.94. ... contd. ALSO READ The world may be wrong, couch potatoes live longer, suggests study BSE Sensex gains for second day, ITC, Hindustan Unilever shares soar CCI relief for United India Insurance, E-Meditak over abuse of dominance New Chandigarh to have Holiday Inn Hotel Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF9ZoPOWk_-KJiONj6rXHLA8A1rKQ&url=http://www.indianexpress.com/news/bse-sensex-rises-for-second-day-itc-hindustan-unilever-shares-soar/1138101/

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