Sensex ends up 34 points at 20247 - LuvKush Finserve

Benchmark share indices extended gains to end marginally higher on Thursday, amid a rangebound trading session, led by index heavyweight Reliance Industries and bank shares. The 30-share Sensex ended at 20,247 up 34 points. Nifty ended up 23 points at 6,170.

Realty index rose for the second straight day on expectations that the RBI may further cut policy rates. The index was up 2% at 1,992. Oil & gas index surged 1.6%, followed by healthcare, bankex and capital goods indices. However, selling pressure was noticed in FMCG and IT shares. BSE FMCG index ended down 1% at 6,685.

In the Sensex pack - Hindalco led gains - up 2.6% at Rs 111. Cipla and Dr Reddy's ended up 2.5% each. Market heavyweight - Reliance added 2.5% at Rs 840. Banking shares were also in green. SBI and ICICI Bank advanced 1.5% each, followed by Sterlite and Tata Steel.

Bajaj Auto, Bajaj Auto reported a 0.9% dip in net profit at Rs 765 crore for the quarter ended March 31, 2013 as against Rs 772 crore posted in the same quarter a year earlier. It ended down 0.7% at Rs 1,808.

Broader markets rose in line with the Sensex. BSE mid-cap index outperformed with half per cent gains at 6,592. Small-caps were up 0.2% at 6,191.

Source : Equity Bulls

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