Sensex gains nearly 73 points in volatile session

Mumbai, August 05: In choppy trade, the Bombay Stock Exchange benchmark Sensex rose nearly 73 points on buying by funds at heavy-weight counters on sustained capital inflows. The Sensex, which shuttled between 15,973.10 and 15,695.11 during the session, ended with a gain of 72.85 at 15,903.83 on news of a higher opening at European stock markets.

Similarly, the 50-share National Stock Exchange index Nifty rose by 13.65 points at 4,694.15, after moving between 4,717.20 and 4,629.85 points. The Sensex climbed 8.1 per cent last month as the first- quarter results of 23 of the 30 Sensex companies beat analysts estimates.

Trading sentiment improved following reports that foreign investors made a net purchase of Indian stocks at Rs 476 crore on Monday. However, a fall in Asian shares, with Japan”s Nikkei down 0.9 per cent and MSCI”s measure of other Asian markets falling 0.8 per cent, influenced the trend.

Reliance Industries, with the highest weight in the index, rose 1.67 per cent to Rs 2,075.25 and Infosys, the second-heaviest and largest software exporter, rose to nearly a two-year high by adding 2.49 per cent to Rs 2,094.55. The two carry nearly 26 per cent weight in the Sensex.

—-PTI–