MUMBAI: After three days of negotiations opaque, the Sensex rose on Monday for more than 75 points for purchases of FAG to the consumer durables, capital good energy and PSU shares before publication of the data July inflation on Tuesday.
After resuming lower in the morning, the benchmark BSE continued indifferent to trade in the first half and knocked down the day of 17,522.10. However, the emergence of strong buying activity in the closing stages of trading the index rose to 17,642.38 points.
The Sensex finally settled at 17,633.45, up 75.71 points or 0.43 percent above the previous close. HDFC which won 3.71 percent, generated increases in the Sensex. Sterlite, Maruti, Bajaj Auto, Bhel and Bharti Airtel gained between 1.7 to 2.7 percent each.
Similarly, the participation rate of 50-NSE Nifty rose 27.50 Monday, or 0.52 percent, to 5,347.90.
"Markets generally expect the government to formulate and implement key reforms that give impetus to the economy," said Nidhi Sarswat, Senior Research Analyst Bonanza Portfolio. The Sensex has lost 44 points in the last three sessions as cautious sentiment prevailed.
Reports that the government could resume privatization plan by selling shares in Bhel and Sail investors also cheered, said Milan Bavishi, Head-Research, Inventure Growth and Securities.
Among 30-stock Sensex, Tata Motors took the 11 counters ended lower. HUL, MotoCorp Hero, Hindalco and Tata Steel lost about one percent each.
Brokers said sentiment has also improved following plans market regulator SEBI to announce sweeping reforms in the mutual fund and IPO space.
After resuming lower in the morning, the benchmark BSE continued indifferent to trade in the first half and knocked down the day of 17,522.10. However, the emergence of strong buying activity in the closing stages of trading the index rose to 17,642.38 points.
The Sensex finally settled at 17,633.45, up 75.71 points or 0.43 percent above the previous close. HDFC which won 3.71 percent, generated increases in the Sensex. Sterlite, Maruti, Bajaj Auto, Bhel and Bharti Airtel gained between 1.7 to 2.7 percent each.
Similarly, the participation rate of 50-NSE Nifty rose 27.50 Monday, or 0.52 percent, to 5,347.90.
"Markets generally expect the government to formulate and implement key reforms that give impetus to the economy," said Nidhi Sarswat, Senior Research Analyst Bonanza Portfolio. The Sensex has lost 44 points in the last three sessions as cautious sentiment prevailed.
Reports that the government could resume privatization plan by selling shares in Bhel and Sail investors also cheered, said Milan Bavishi, Head-Research, Inventure Growth and Securities.
Among 30-stock Sensex, Tata Motors took the 11 counters ended lower. HUL, MotoCorp Hero, Hindalco and Tata Steel lost about one percent each.
Brokers said sentiment has also improved following plans market regulator SEBI to announce sweeping reforms in the mutual fund and IPO space.
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