Markets move higher, Sensex up 4.42 percent


Mumbai : Indian equities markets continued to climb Thursday as investors lapped up stocks in key sectors. The Sensex was up 4.42 percent a little before noon.

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The Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 10,107.25 points, was trading at 10,339.65 points – 4.42 percent or 437.66 points higher than its previous close at 9,901.99 points.

The S&P CNX Nifty of the National Stock Exchange (NSE) was at 3,196.75 points, 4.46 percent up from its last close of 3,060.35 points.

Gains were seen across sectors with the BSE midcap index ruling 3.55 percent higher than its previous close, while the BSE smallcap index was up 3.17 percent.

Of the 13 sectoral indices on the BSE, those for realty, banking and metal stocks were in the positive terrain.

All scrips on the 30-composite Sensex were in the green around this time, prominent among those being Tata Motors, up 9.59 percent at Rs.197.10; Jaiprakash Associates, up 9.02 percent at Rs.93.10; DLF, up 8.8 percent at Rs.192.95; and Reliance Infra, up 7.23 percent at Rs.589.30.

In other Asian markets, Tokyo stocks ended in the green with Japan’s benchmark Nikkei 225 Stock Average closing at 8,719.78 points, 367.87 points higher than its previous close.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was up 5.3 percent at 14,236.63 points.

Wall Street rose Wednesday on better than expected economic data.

The US National Association of Realtors said its seasonally adjusted index of pending sales for previously occupied homes rose 2.1 percent to 82.1 in February from January’s record low of 80.4.

The Dow Jones average rose 152.68, or 2 percent, to 7,761.60, while the Standard and Poor’s 500 index rose 13.21, or 1.7 percent, to 811.08 points.

The Nasdaq composite index gained 23.01, or 1.5 percent, to 1,551.60.