Markets back in green, Sensex soars 461 points (Roundup)

June 9th, 2009 - 7:55 pm ICT by IANS  

Sensex Mumbai, June 9 (IANS) Indian equities made handsome gains on aggressive selling Tuesday, with a key index reversing the previous day’s losses to end trade 461 points higher than its last close.
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, closed at 15,127 points, 461.08 points or 3.14 percent higher than Monday’s close.

It had opened at 14,618.98 points and soon plunged to a low of 14,526.69, but started recovering in the late morning session after Prime Minister Manmohan Singh told the Lok Sabha that the economy can grow by 8-9 percent despite the economic slowdown.

The Sensex had dropped 438 points Monday, the third biggest fall of the year, to end below the 15,000 mark.

Like the Sensex, the S&P CNX Nifty of the National Stock Exchange (NSE) ended in the green, gaining 2.73 percent from its last close to stand at 4,550.95 points.

The broader market indices were also in the positive terrain, with the BSE midcap index ruling 3.15 percent higher, and the BSE smallcap index up 1.67 percent.

Of the 13 sectoral indices on the BSE, all stocks ended in the green, with those of the IT and realty sectors leading the rally.

Top gainers on the Sensex were DLF, up 10.07 percent at Rs.402.70; Jaiprakash Associates, up 8.18 percent at Rs.224.20; Reliance Communications, up Rs.7.37 percent at Rs.332.25 and Larsen and Toubro, up 6.39 percent at Rs.1,573.80.

There were only two losers on the Sensex: Grasim Industries, down 0.64 percent at Rs.2,366.55 and NTPC, down 0.61 percent at Rs.212.95.

The overall market breadth was positive, with 1,494 scrips advancing, 1,290 declining and 42 remaining unchanged.

Data with the market watchdog Securities and Exchange Board of India (SEBI) showed that foreign funds bought shares worth $62.2 million Tuesday.

Other Asian markets ended in the negative terrain with a key index of Tokyo markets, the Nikkei, shutting shop in the red losing 78.81 points to end trade at 9,786.82 points.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, fell 194.9 points to 18,058.49 points.

Market sentiments across Europe were showing mixed signals, with the FTSE in Britain trading 4.23 points lower at 4,400.99 points, and its French peer CAC 40 ruling 5.3 points up at 3,294.96 points.

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |