Sensex up 65 points on firm global cues

Mumbai, Aug 11 (PTI) In choppy trade on Tuesday, smart
buying in auto, realty and metals helped the benchmark Sensex
to cut short three sessions of heavy losses and the barometer
gained 65 points due to positive Asian cues.

Initially, the 30-share Sensex of the BSE touched a low
of 14,864.23 but turned the corner after late morning deals
before bouncing back to a high of 15,218.65 at the fag end.

It, however, settled the day at 15,074.59, a rise of
64.82 points or 0.43 per cent from Monday's close.

Sustained worries over the below-normal monsoon and
rapidly spreading deadly swine flu in the country mainly
weighed on market sentiment.

Firm Asian and European markets also assisted the market
to cut some of its losses.

Asian indices ended higher in a range of 0.20 per cent
and 1.88 per cent while European markets also displayed
favourable trends in late morning deals.

SMC Global Vice-President Rajesh Jain said, "Concerns
over swine flu and the bad monsoon weighed on market sentiment
today but firm Asian cues pulled up the markets towards the
end of the trade. Going forward there would be pressure on the
markets."

The broader 50-share Nifty of the National Stock Exchange
also recovered by 33.70 points or 0.76 per cent to 4,471,35
against its last close.

Auto counters saw a good response on reports of 31 per
cent rise in car sales in July.

Foreign institutional investors (FIIs) remained net
sellers and they pulled out nearly Rs 640 crore in cash
segment on August 10, as per provisional data.

Among Sensex stocks, Tata Motors spurted 6.81 per cent,
M&M 3.55 per cent, Hindalco 3.38 per cent, Maruti Suzuki 3.23
per cent, Bharti Airtel 2.23 per cent, Tata Power 1.81 per
cent and Tata Steel 1.57 per cent.

However, Jaipra Associates declined 2.64 per cent, HDFC
by 1.11 per cent, and NTPC by 0.88 per cent.

Among sectoral indices, auto flared up 160.21 points or
3.07 per cent, realty 77.21 points or 2.14 per cent and metals
240.76 points or 2.00 per cent. PTI VMP
SDE
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