Market Watch

Monday, 2 June 2014

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The S&P BSE Sensex opened on a positive note led by gains in capital goods, oil & gas and power sectors after two days of profit booking.
Shares of India's Larsen & Toubro surged 4.5 percent in pre-open trading after the company's fourth-quarter profit beat analyst forecasts with a rise of 69 percent, helped by a steep gain in revenue from its infrastructure and heavy engineering businesses, and gain from a divestment.
The S&P BSE Sensex was up 92.39 points or 0.38% to 24,309.73. The index rose 170.81 points at the day's high of 24,388.15 in early trade. The index gained 52.86 points at the day's low of 24,270.20 in early trade.
The market breadth, indicating the overall health of the market, was strong. On BSE, 971 shares rose and 367 shares fell. A total of 44 shares were unchanged.
ONGC (up 1.59%), GAIL (India) (up 1.15%) and Bajaj Auto (up 1.81%) edged higher from the Sensex pack.
Most Asian markets are shut on today on account of public holiday. Japan's Nikkei 225 surged 2.09 per cent and Seoul Composite moved 0.22 per cent higher.
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