Friday rally cuts week’s losses, Sensex 290 points up


Mumbai : A key index of the Indian equities markets soared 290 points Friday, helping to cut the week’s losses after it fell for four consecutive days since Monday.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,425.86 points, ended at 15,689.12 points, up 290.79 points or 1.89 percent.

It had closed Thursday at 15,398.33 points.

The broader-based Nifty of the National Stock Exchange (NSE) followed the Sensex to end at 4,679.2 points, up 1.86 percent.

Broader market indices, too, ended on the gaining side, with the BSE midcap index closing 1.08 percent higher and the BSE smallcap index ending a similar 1.07 percent up.

The market breadth was positive, with 1,402 stocks advancing, 1,350 declining and 93 remaining unchanged.

Among the gainers were M&M, up 6.21 percent at Rs.863.90; Hero Honda, up 4.2 percent at Rs.1,609.20; Sterlite, up 3.86 percent at Rs.670.45, and L&T, up 3.47 percent at Rs.1,568.55.

There were only two losers: Tata Motors, down 0.31 percent at Rs.508.20, and TCS, down 0.23 percent at Rs.531.75.

According to data with the regulator, the Securities and Exchange Board of India (SEBI), foreign institutional investors bought shares worth $12.1 million Friday.

Trading at other important Asian markets was mixed.

The Nikkei, a key index of the Tokyo Stock Exchange, closed 27.53 points or 0.27 percent lower at 10,187.11 points.

But at the Shanghai Stock Exchange, the benchmark SSE composite shut shop 0.58 percent up at 2,861.61 points.

Similarly, the primary index of the Hong Kong Stock Exchange, Hang Seng, also ended in the green at 20,318.62 points, up 556.94 points or 2.82 percent.

European exchanges were ruling firm.

In Britain, the FTSE 100 index was ruling 1.13 percent higher at 4,851.17 points, while its French peer, the CAC 40, was also up 0.69 percent at 3,577.86 points.

Germany’s DAX was ruling in the positive at 5,353.91 points, up 0.99 percent.