Home Economy Sensex gains 605 points on positive global cues

Sensex gains 605 points on positive global cues


Mumbai : Benchmark indices of the Indian equities markets ended with good gains for the second week in a row on positive global cues.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the week at 19,420.39 points, up 3.21 percent or 604.75 points from the previous week’s close of 18,815.64 points.

The Sensex gained 5.24 percent in the previous week.

Indian equities have rebounded smartly in the last two weeks. The 30-scrip Sensex closed in the positive for the eighth time in the last nine trading sessions.

Snapping the eighth consecutive day of rally, the Sensex closed 24.83 points, or 0.13 percent down, at 19,420.39 points Friday, the last trading day of the week.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty also ended the week in the red. The Nifty closed 0.13 percent lower at 5,826.05 points Friday.

However, broader markets ended with handsome gains, helped by rising realty and metal stocks.

Major gainers on the Sensex Friday were: Reliance Communications, up 3.67 percent at Rs.111.65; BHEL, up 3.03 percent at Rs.2,113.85; Hindalco, up 2.42 percent at Rs.213.70; and Mahindra and Mahindra, up 1.65 percent at Rs.710.10.

Major losers included NTPC, down 2.12 percent at Rs.188.90; SBI, down 1.75 percent at Rs.2,719.50; RIL, down 1.19 percent at Rs.1,035.30; and Tata Power, down 1.04 percent at Rs.1,316.50.

Most global markets gained during the week after Japan contained a nuclear crisis and political turmoil in the Middle East appeared to be easing.

The US Dow Jones Industrial Average ended the week 0.46 percent higher at 12,376.70 points.

Among the European markets, French CAC 40 advanced 1.64 percent at 4,054.76 points, Britain’s FTSE rose 1.71 percent at 6,009.92 points and the German DAX closed nearly 2 percent higher at 7,179.81 points Friday.

Asian markets ended the week on a mixed note.

The Japanese Nikkei average closed 0.48 percent lower at 9,708.39 points.

Hong Kong’s Hang Seng advanced 0.4 percent to trade at 23,621.63 points, while China’s Shanghai Composite closed 1.34 percent up at 2,967.41 points Friday.