Sensex rebounds 54 points; TCS, RIL rise (Roundup)
June 21st, 2011 - 7:39 pm ICT by IANS
Mumbai, June 21 (IANS) A benchmark index for Indian equities markets rebounded 54 points Tuesday to close in positive for the first time in five sessions, as buying activities picked up heavyweights on attractive valuations.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,574.37 points, closed at 17,560.30 points, up 0.31 percent or 53.67 points from the previous close at 17,506.63 points.
The benchmark Sensex touched a high of 17,714.88 points and low of 17,504.27 points in the intra-day.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange closed 0.34 percent or 17.95 points higher at 5,275.85 points.
Indian stocks were battered Monday on concerns of review of tax treaty with Mauritius.
Finance Minister Pranab Mukherjee said Tuesday India has resumed talks with Mauritius on a double taxation avoidance agreement.
“For some time the talks were suspended, now it has resumed,” Mukherjee told reporters when asked about the developments on tax treaty with Mauritius, that battered stocks on the first trading day of the week.
After four days of battering, buying activities picked up in heavyweight scrips.
Tata Consultancy Services rose 3.24 percent at Rs.1,104.15. Other major Sensex gainers were: HDFC, up 1.78 percent at Rs.642.15; RIL, up 1.67 percent at Rs.848.50; Hero Honda, up 1.39 percent at Rs.1,759.80 and HDFC Bank up 1.15 percent at Rs.2,330.10.
Major Sensex losers were: Jaiprakash Associates, down 3.92 percent at Rs.75.90; DLF, down 2.92 percent at Rs.212.60; Reliance Infra, down 2.56 percent at Rs.531.30 and SBI, down 1.38 percent at Rs.2,149.75.
Other Asian markets also closed in the positive.
The Nikkei of the Japanese stock exchange ended 1.13 percent up at 9,459.66 points. The Hang Seng of the Hong Kong stock exchange closed 1.16 percent higher at 21,599.51 points.
The Chinese Shanghai composite index ended o,96 percent higher at 2,646.48 points.
European bourses were also trading in the positive.
- Sensex closes 44 points down (Lead) - Apr 11, 2012
- Sensex closes 356 points higher, led by RIL, Infosys - Sep 20, 2011
- Sensex pares Monday losses, closes 288 points up (Lead) - Feb 28, 2012
- Sensex rises 120 points, FMCG, realty, metal stocks up - May 17, 2012
- Sensex slips 100 points; metal, telecom stocks slump - Apr 11, 2012
- Sensex recovers, closes 165 points up on value buying (Roundup) - Mar 23, 2012
- Sensex down 89.56 points in noon trade - May 14, 2012
- Sensex closes flat in choppy trade (Lead) - May 25, 2012
- Sensex slips to two-month low over tax issues (Roundup) - Mar 26, 2012
- Sensex falls 126 points; auto, realty stocks slump - May 03, 2012
- Best week for Sensex in over two years - Dec 02, 2011
- Sensex marginally down at 16,878 points - May 08, 2012
- Sensex slumps 117.57 points, Wipro tanks - Apr 25, 2012
- Rupee weighs on market, Sensex closes 156 points lower (Lead) - May 22, 2012
- Sensex up 222.60 points in noon trade - May 24, 2012
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