Bulls push Sensex up 140 points (Roundup)March 31st, 2009 - 7:08 pm ICT by IANS
Mumbai, March 31 (IANS) Bulls made a comeback of sorts Tuesday in the Indian equities markets, which incurred huge losses a day before, with a key index gaining 1.47 percent over its previous close.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 9,633.21 points, rose 140.36 points or 1.47 percent to close at 9,708.50 points.
Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 1.44 percent over its last close to end trade at 3,020.95 points.
The BSE midcap index gained 2.27 percent, while the BSE smallcap index was up 1.46 percent.
All the 13 sectoral indices on the exchange turned positive, with the indices for consumer durables, healthcare and realty stocks ending in the green.
Among the gainers on the 30-scrip composite Sensex were Jaiprakash Associates, up 7.26 percent at Rs.84.20; Tata Steel, up 5.02 percent at Rs.206; Tata Motors, up 4.64 percent at Rs.180.30; and Ranbaxy, up 4.58 percent at Rs.165.60.
Among the losers were HDFC, down 2.71 percent at Rs.1,411.20; NTPC, down 1.8 percent at Rs.180.20; ICICI Bank, down 1.58 percent at Rs.332.60; and Hindustan Unilever, down 0.5 percent at Rs.238.20.
The overall market sentiment was positive, with 1,551 stocks advancing, 903 scrips declining and 88 remaining unchanged.
In other Asian markets, investor sentiments took a beating as Japan came out with dismal domestic automobile production numbers, which plunged 56.2 percent year-on-year to 481,396 units in February. This is the sector’s fifth straight month of decline.
The Hang Seng, a key index of the Hong Kong Stock Exchange, ended trade 0.89 percent or 119.69 points higher at 13,576.02 points.
Tokyo stocks closed in the red Tuesday even as the government said that it would compile fresh economic steps, with an eye toward drafting a supplementary budget for fiscal 2009 in a bid to weather the economic slump.
A key Japanese index, the Nikkei, ended at 8,109.53 points, 126.55 points lower than its previous close.
European markets, which came online before Indian bourses ended trade, were trading in the green with the FTSE in Britain trading 114.28 points higher than its previous close and its French peer CAC 40, up 1.67 percent.
Tags: automobile production, bombay stock exchange, domestic automobile, economic slump, hong kong stock, hong kong stock exchange, japanese index, kong stock exchange, market sentiment, national stock exchange, ntpc, realty stocks, rs 180, sectoral indices, sensitive index, smallcap index, supplementary budget, tata motors, tata steel, tokyo stocks