Sensex ticks up 35 pts, but stuck below 26,000

Image
Press Trust of India Mumbai
Last Updated : Nov 27 2015 | 12:42 PM IST
Brushing aside cues from weak Asian markets, the benchmark BSE Sensex continued its upward move by rising 35 points, but remained below the 26,000-mark amid buying in heavyweights.
Sectors such as metals, banking, capital goods, industrials and realty drove the momentum.
The sentiment was upbeat because of hopes of a likely breakthrough in the passage of the Constitutional Amendment Bill on goods and services tax (GST) in the current winter session of Parliament.
The 30-share Sensex resumed higher and was quoting at 25,993.96 at 1219 hours, a gain of 35.33 points, or 0.14 per cent, from its last close.
The NSE 50-share Nifty was also up 13.90 points, 0.18 per cent, at 7,897.70 at 1219 hours.
Hindalco rose the most, up 2.93 per cent, while Vedanta, Tata Steel, BHEL, L&T and ICICI Bank spurted too.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 398.10 crore yesterday, as per provisional data released by stock exchanges.
Overseas, Chinese stocks led the decline in Asia after data showed that industrial companies' earnings in China slid 4.6 per cent in October. US markets were closed yesterday for Thanksgiving Day holiday.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 27 2015 | 12:42 PM IST

Next Story