Sensex surges 254 points, ending three-day losing streak

By IANS,

Mumbai : The Indian equities markets closed in the green Thursday, ending a three-day losing streak. The rally was led by technology, oil and power stocks.


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The markets started on a firm note tracking mixed Asian markets and stayed just about in the positive zone till early afternoon. Then a spurt by punters during late trade saw the markets close with a substantial gain.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 15,479.65 points and touched a high of 15,814.80 before closing at 15,769.72 points. It went up by 254.93 points or 1.64 percent compared to its closing figure Wednesday.

The S&P Nifty index of the National Stock Exchange, which opened at 4,586.95 points, closed at 4,676.95. It went up by 91.35 points or 1.99 percent from its previous close.

The BSE Midcap index, which closed at 6,400.29 points, went up by 2.92 points or 0.05 percent.

The BSE Smallcap index, which closed at 7,735.59 points, went up by 15.33 points or 0.20 percent.

However, the market breadth remained negative. On BSE, 1,240 shares advanced, 1,397 declined and 77 maintained status quo.

The top gainers of the day included ONGC at Rs.953.20 up 7.46 percent; Wipro at Rs.528.40 up 6.25 percent; and Infosys at Rs1,979.90 up 5.86 percent.

The top losers of the day included DLF at Rs.538.45 down 3.00 percent; Reliance Industiries at Rs.2,247.65 down 2.58 percent; and Ambuja Cements at Rs.85.85 down 1.89 percent.

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