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Mumbai: A benchmark
index for Indian equities markets rose 202 points Wednesday,
rallying for the second consecutive day on positive cues from
other Asian and European bourses.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange
(BSE), which opened in the positive at 16,922.31 points,
consolidated its gain in afternoon session and ended the day at
17,065, up 1.20 percent or 202.19 points from the previous close
at 16,862.81 points.
At the National Stock Exchange, the 50-scrip S&P CNX Nifty closed
1.19 percent or 60.35 points higher at 5,124.65 points.
Buying activities were across the board, as broader markets as
well as all sectoral indices at the BSE, except FMCG index, closed
in the positive.
The BSE midcap index closed 1.24 percent higher at 6,473.52 points
and the BSE small cap index ended 1.53 percent up at 7,307.02
points.
There was strong buying support in realty, auto and banking
stocks.
Jaiprakash Associates surged almost 8 percent on speculation that
the company was in talks with South America firms Cemex and
Votorantim Group for minority stake sale. The scrip closed 7.70
percent higher at Rs.71.35.
HDFC Bank, up 3.42 percent at Rs.487.95; Coal India, up 3.38
percent at Rs.391.25; Tata Power, up 3.38 percent at Rs.1,038.70;
NTPC, up 2.95 percent at Rs.167.40 and Hindalco Inds, up 2.87
percent at Rs.159.65 were among the major gainers of the day.
Only six of the 30 Sensex scrips closed in the red. ITC, 0.99
percent down at Rs.200.20; Mahindra & Mahindra, down 0.99 percent
at Rs.786.55; Infosys, down 0.53 percent at Rs.2,291.20 and Bajaj
Auto, down 0.20 percent at Rs.1,640 were major losers.
Most Asian markets rebounded Wednesday after three days of slump,
with Japan's Nikkei closing 2.01 percent higher at 8,763.41
points. Hong Kong's Hang Seng index rose 1.71 percent at 20,048
points and Chinese Shanghai Composite index advanced 1.84 percent
at 2,516.09 points.
European markets rallied for the second consecutive day. Around
mid-day, Britain's FTSE 100 was 1.70 percent higher at 5,244.65
points. French CAC 40 index was ruling 2.31 percent up at 3,034.29
points and German DAX index was trading 2.35 percent higher at
5,316.07 points.
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