Sensex rises for third-day on PSU share sale plans

STOCKS-CLOSE


Mumbai, Nov 6 (PTI) The Bombay Stock Exchange benchmark
Sensex on Friday pared a big chunk of gains posted in early
trade but still managed to end the higher by 94 points to
extend the winning streak for the third consecutive day.

The 30-share index closed at 16,158.28 points, higher by
94.38 points.
The wide-based National Stock Exchange index Nifty gained
30.60 points to settle at 4,796.15 points.
PSU stocks, led by MMTC, were much in demand after the
government cleared plans to disinvest 10 per cent stake in
profit-making listed state-controlled companies. The sectoral
index closed
MMTC, STC and NMDC remained on the forefront. The
government owns 99.33 per cent in MMTC, 91.02 per cent in
State Trading and 98.38 per cent in NMDC.
MMTC Ltd, the biggest state-run trading company, hit the
daily upper limit of 20 per cent to close at Rs 36,146.85.
The PSU sector index gained the most by rising 3.91 per cent
to 8,794.80 points.
The realty sector index was second best performer by
rising 2.81 per cent to 3,993.68 points followed by metal
index by 2.03 per cent to 14,507.50. PTI RS
SDE


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