Home Economy Markets close in green on surprise rally

Markets close in green on surprise rally


Mumbai : Indian equities markets closed in the green Wednesday as a late rally sent a key index surging by 2.08 percent from its previous close.

The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 9,442.3 points, shut shop at 9,667.9 points – a rise of 196.86 points or 2.08 percent.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) closed higher, gaining 1.55 percent from its last close to end trade at 2,984.35 points.

The BSE midcap index ended 0.75 percent higher, while the BSE smallcap index was up 0.32 percent.

Of the 13 sectoral indices on the exchange, the indices for realty, oil and gas and metal stocks ended in the positive terrain, while public sector companies’ stocks saw profit booking.

Gainers of the 30 composite Sensex were led by Jaipraksh Associates, up 7.51 percent at Rs.84.45; Tata Power, up 7.12 percent at Rs.740.20; Sterlite Industries, up 6.48 percent at Rs.347.35; and DLF, up 6.22 percent at Rs.176.65.

Among losers were NTPC, down 2.77 percent at Rs.175.55; Bharti Airtel, down 2.05 percent at Rs.591.05; ONGC, down 2.02 percent at Rs.763.70; and Hindustan Unilever, down 1.88 percent at Rs.234.70.

The overall market sentiment was mixed, with 1,263 stocks advancing, 1,219 scrips declining and 104 remaining unchanged.

Other Asian markets fell owing to a negative overnight close in key US stock indices.

Among Asian markets, the Hang Seng, a key index of the Hong Kong Stock Exchange, ended trade 2.07 percent or 288.23 points higher at 13,622.11 points, while a key Japanese index, the Nikkei, closed 0.1 percent marginally in the red.

European markets, which came online before Indian bourses ended trade, were ruling in the red with the FTSE in Britain trading 41.63 points lower and its French peer, CAC 40, trading marginally in the negative terrain, 19.21 points lower.