Sensex rebounds 1.6 percent; banking, auto stocks climb
December 21st, 2011 - 1:59 pm ICT by IANS
Mumbai, Dec 21 (IANS) A benchmark index for Indian equities was trading nearly 1.6 percent higher at around noon Wednesday led by good buying support in banking, auto and metal stocks after five days of slump.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened with decent gains at 15,487.75 points, was ruling at 15,414.71 points, up 1.58 percent or 239.63 points higher than its previous close at 15,175.08 points.
The index is ruling higher for the first time in the last six trading sessions. The benchmark Sensex had lost 827 points in the previous five trading sessions.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 1.44 percent higher at 4,609.50 points.
Broader markets as well as all the sectoral indices were in the positive. Banking index of the BSE was ruling 2.68 percent higher.
ICICI Bank climbed 5.33 percent. HDFC was ruling 2.7 percent higher while HDFC Bank was trading with a gain of 2.27 percent.
There was a good buying support in auto stocks also. Tata Motors climbed 3.17 percent. Mahindra and Mahindra was ruling 2.62 percent higher while Maruti Suzuki was trading with a gain of 2.54 percent.
- Benchmark indices subdued, midcaps rise - Feb 09, 2012
- Sensex rises 202 points on positive global cues - Sep 07, 2011
- Sensex closes 111.32 points higher, auto stocks rally - Apr 19, 2012
- Sensex hovers near 16,600; metal, auto stocks rally - Jan 19, 2012
- Sensex rises 154 points; auto, tech stocks climb - Oct 24, 2011
- Sensex dips 204 points; in red for fifth straight day (Roundup) - Dec 20, 2011
- Market snaps two-day rally, ends 75 points down (Roundup) - Dec 23, 2011
- Sensex up 76.94 points (Lead) - Apr 30, 2012
- Sensex rallies, crosses 18,000-mark - Feb 15, 2012
- Sensex holds on to gains, but slips from 18,000 - Feb 29, 2012
- Sensex rebounds after government defers GAAR (Roundup) - May 07, 2012
- Sensex down 89.56 points in noon trade - May 14, 2012
- Sensex closes flat on weak rupee (Lead) - May 17, 2012
- Sensex closes 74 points down; auto, realty stocks slump - Nov 14, 2011
- Sensex remains choppy; ICICI Bank, M&M; rally - Apr 27, 2012
Tags: auto stocks, benchmark index, bombay stock exchange, bse, hdfc, mahindra, maruti suzuki, metal stocks, national stock exchange, previous five trading, sectoral indices, sensex, sensitive index, slump, suzuki, tata motors, trading sessions