Mumbai: A benchmark
index at Indian equities markets Friday closed 135 points up, its
seventh consecutive week of gains. Robust foreign fund inflows
helped markets rise with consumer durables and power stocks
leading the gainers pack.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange
(BSE) opened at 18,331.2 points, closed at 18,289.35 points,
135.36 points or 0.75 percent up from its previous close at
The 50-scrip S&P CNX Nifty of the National Stock Exchange also
closed higher at 5,564.3 points, up 42.35 points or 0.77 percent
from its previous close.
Overseas funds, which have been the main catalyst for the dramatic
rise in Indian equities in 2012, continued with their buying
According to data available with the Securities and Exchange Board
of India (SEBI), foreign institutional investors (FIIs) bought a
whopping $444.05 billion Friday.
FIIs have put in $4.85 billion since the start of the year, having
bought equities worth $2.03 billion in January and $2.81 billion
till Friday during February.
Broader markets also closed in the green, with the BSE 500 index
ending 0.64 percent up. The BSE midcap index closed flat while the
BSE smallcap index slipped 0.21 percent.
The market breadth was, however, negative with 1,394 stocks
advancing, 1,583 on the decline and 119 unchanged.
Prominent gainers on the 30-scrip Sensex included BHEL, up 6.53
percent at Rs.303.45; Tata Power, up 4.68 percent at Rs.118.65;
SBI, up 2.88 percent at Rs.2,416.75 and Wipro, up 2.43 percent at
Major losers included Hero MotoCorp, down 3.61 percent at
Rs.2,109.70; Maruti Suzuki, down 2.74 percent at Rs.1,320;
Hindalco, down 2.3 percent at Rs.151.10 and GAIL, down 1.21
percent at Rs.380.75.
Asian markets rose on signs that eurozone officials will soon
approve a long-awaited bailout for Greece, reducing the risk of a
debt default. Positive jobs and manufacturing data, a sign of
healthiness in the US economy also enthused investors.
The Japanese Nikkei rose 1.58 percent to close at 9,384.17 points,
while Hong Kong's Hang Seng moved up 1.01 percent at 21,491.62
The Chinese Shanghai Composite index closed flat at 2,357.18
European markets were ruling in the green.
Britain's FTSE 100 was up 0.32 percent at 5,904.18 points. The
German DAX was trading 0.83 percent higher at 6,807.95 points.
The French CAC 40 was trading 0.92 percent up at 3,424.4 points.