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Sensex closes 117 points up, metals gain (Roundup)

January 13th, 2012 - 6:44 pm ICT by IANS ( Leave a comment )

Sensex Mumbai, Jan 13 (IANS) A benchmark index for Indian equities markets Friday closed 117 points higher, backed by gains in metal and capital goods stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,144.57 points, closed at 16,154.62 points, 117.11 points or 0.73 percent up from its previous close at 16,037.51 points.

It had touched a high of 16,257.34 points in the afternoon but later slipped.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange also closed higher at 4,866.9 points, up 0.74 percent or 35.65 points from its previous close.

Broader markets also rose, with the BSE 500 index closing 0.81 percent higher from its previous close. The BSE midcap index moved 1.14 percent up while the BSE smallcap index ended 1.44 percent higher.

The market breadth was positive with 1,897 stocks advancing, compared to 903 on the decline. Another 96 remained unchanged.

According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors bought stocks worth $101.38 million Friday.

Prominent gainers on the 30-scrip Sensex included Tata Steel, up 7.11 percent at Rs.415.70; Coal India, up 5.56 percent at Rs.343.60; L&T;, up 3.84 percent at Rs.1,172.60; and NTPC, up 3.11 percent at Rs.165.95.

Among losers were Gail India, down 3.19 percent at Rs.373.45; Bajaj Auto, down 2.96 percent at Rs.1,429.55; Maruti Suzuki, down 1.79 percent at Rs.976.40; and Hero MotoCorp, down 1.25 percent at Rs.1,790.25.

Asian markets mostly closed higher after strong bond auctions in Italy and Spain indicated some signs of ease in Europe’s debt crisis.

The Japanese Nikkei rose 1.36 percent and closed at 8,500.02 points, while Hong Kong’s Hang Seng was 0.57 percent up at 19,204.42 points.

The Chinese Shanghai Composite index, however, fell 1.34 percent and was trading at 2,244.58 points as latest inflation data showed that rising prices eased only slightly.

The successful bond auctions by Italy and Spain helped sentiments in Europe.

Britain’s FTSE 100 was ruling 0.2 percent up at 5,673.73 points, while the German DAX was trading 0.4 percent up at 6,204.05 points.

The French CAC 40 was ruling 1.03 percent higher at 3,232.84 points.

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