Mumbai, April 23 (UNI) The stock market on Tuesday opened strong with 400 points up with all-round shopping but paired early gains towards end of the trading hour and closed at 73,738, about 90 points up from its previous close.
Telecommunications, Realty and Technology sector stocks were in the limelight. Shares of Reliance Industries were down 1.39 per cent and closed at Rs 2918 despite meeting the expectation in its financial performance announced yesterday.
The National Stock Exchange (NSE) Nifty gained 31.60 pts at 22,368.
According to data available, the FIIs were net sellers yesterday with Rs 2915 crore worth selling securities whereas the Domestic Institutional Investors bought securities worth Rs 3542 crore lending support to the market.
The market remained in green throughout the session as the Sensex opened strong at 74048.94, surging 400 pts. It registered days high at 74059.89, advancing 411 pts. In late trade it was slipped but finished in green only at 73,738.45, up 89.83 pts from its previous close.
The stocks that rose were Telecommunications by 4.27 pc followed by Realty by 2.42 pc and Technology by 1.23 pc.
In 30 scrips, 17 advanced, while 13 declined.
The gainers were Cochin Shipyard up 13.29 per cent, Bharti Airtel by 3.89 pc to Rs 1349, Nestle India Ltd by 1.77 pc to Rs 2502.75, Maruti Suzuki by 1.53 pc to Rs 12,974.35 and Tata Motors by 1.48 pc to Rs 988.
The losers were Sun Pharma by 3.63 pc to Rs 1483.75, Reliance Industries by 1.39 pc to Rs 2919.40, M& M by 1 pc to Rs 2070 and JSW Steel by 0.77 pc to Rs 848.50.
In Asian market, Strait Times was up by 1.45 pc, Hang Seng by 1.89 pc and Taiwan Weighted by 0.96 pc.
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