Indian shares recover on mixed cues from global markets

By IANS

Mumbai : Indian shares Tuesday bounced back from a major fall Monday riding on mixed cues from global markets, with a key index rising 0.20 percent with energy stocks leading the recovery.


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The 30-share benchmark sensitive index of the Bombay Stock Exchange (BSE) closed 29.74 points or 0.20 percent higher from its previous close at 14,932.77 – after a high of 15,142.04 during intra-day trade.

The broader 50-issue Nifty National Stock Exchange index closed 16.85 points or 0.39 percent higher at 4,356.35.

Private sector power major Reliance Energy led the major Sensex gainers of the day, up 2.98 percent at Rs.764.70, followed by state-run thermal energy producer NTPC that was up 1.93 percent at Rs.166.70, and private sector telecom provider Bharti Airtel that was up 1.72 percent at Rs.876.

Housing Development Finance Company, drug major Cipla, its rival Dr. Reddy’s Laboratories, vehicle maker Tata Motors, cement major Associated Cements and third IT bellwether Infosys Technologies were the other major gainers of the day.

Hospitality and tobacco major ITC led the major index losers, down 3.10 percent at Rs.167, followed by leading private sector lender ICICI Bank, down 1.90 percent at Rs.870.75, and two- and three-wheeler maker Bajaj Auto, down 1.39 percent at Rs.2,275.20.

Steel maker Tata Steel, heavy electrical equipment producer BHEL, aluminium maker Hindalco, state-owned oil and natural gas explorer ONGC, pharma major Ranbaxy Laboratories, vehicle major Mahindra & Mahindra, and car maker Maruti Udyog were the other major stocks that traded in the red.

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