By IANS,
Mumbai: A key Indian equity index surged towards the last minutes of trade Friday to end 0.74 percent higher than its previous close after ruling within a volatile but tight range through the day.
The 30-scrip sensitive index, Sensex, of the Bombay Stock Exchange (BSE) which opened at 17,196.8 points closed at 17,322.82 points, up 0.74 percent or 127.62 points over Thursday’s close.
The S&P CNX Nifty of the National Stock Exchange (NSE) too closed in the green at 5,148.35 points, up 0.77 percent.
Broader market indices did better with the BSE midcap index ending 1.06 percent higher. The BSE smallcap index made a modest gain, closing 0.48 percent up.
Auto, metals, capital goods and FMCG firms’ scrips came under selling pressure, while realty, banking and energy stocks were the main drivers of the late surge.
The market breadth was positive with 1,506 stocks advancing, 1,264 declining and 95 remaining unchanged.
Among the top gainers were DLF, up 6.3 percent at Rs.460.65; SBI, up 5.3 percent at Rs.2,453.90; Jaiprakash Associates, up 3.41 percent at Rs.260.50; and Tata Power, up 3.39 percent at Rs.1,415.30.
Among the five losers were Sterlite, down 5.44 percent at Rs.820.90; M&M, down 2.28 percent at Rs.940.20; Tata Steel, down 1.44 percent at Rs.566.45; and ITC, down 1.43 percent at Rs.252.20.
Most other Asian markets ended on a flat note.
The primary index of the Hong Kong Stock Exchange, Hang Seng, closed 69.18 points or 0.31 percent lower at 21,929.9 points.
The Kospi, benchmark index of the Korean Stock Exchange, fell 1.12 percent to 1,640.36 points.
At the Shanghai Stock Exchange, the composite index was ruling 0.11 percent down at 2,976.63 points.
However, the Nikkei, a key index of the Tokyo Stock Exchange, closed 18.91 points or 0.18 percent higher at 10,257.56 points.
European markets were ruling in the red.
In Britain, the FTSE 100 index was ruling 0.3 percent lower at 5,207.06 points, while its French peer, the CAC 40, was down 0.75 percent at 3,854.75 points.
Germany’s DAX was ruling at 5,798.82 points, down 0.55 percent.