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Sensex rallies 226 points on European cues
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SME Times News Bureau | 10 Jul, 2012
In a broad-based rally, a benchmark index of Indian equities markets
Tuesday surged 226 points on positive cues from European bourses and
hopes of better-than-expected quarterly earnings in interest-sensitive
stocks.
All sectoral indices closed in the green. Buying was led by banking, auto, capital goods and FMCG stocks.
Shares
of Anil Ambani-led Reliance group companies such as Reliance
Communications, Reliance Capital, Reliance Infrastructure and Reliance
Power jumped 3-7 percent on the back of huge volumes.
The
30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE),
which opened at 17,431.68 points closed at 17,618.35, up 1.30 percent or
226.37 points from its previous close at 17,391.98 points.
The BSE mid-cap was up 68.49 points and small cap was higher by 54.77 points.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange also closed 1.33 percent higher at 5,345.35 points.
The
Sensex was trading over 79 points in the early trade. It extended gains
after European markets opened strong Eurozone finance ministers agreed
on the terms of a bailout for troubled Spanish lenders. The rupee also
appreciated against the dollar.
The BSE capital goods index was
up 175.73 points, while the FMCG index and the automobile index were
85.18 points and 151.67 points up respectively.
Major Sensex
gainers were Hindalco Inds, up 2.74 percent at Rs.127.60; Maruti Suzuki,
up 2.72 percent at Rs.1,221.30; ITC, up 2.71 percent at Rs.258.15; Tata
Motors, up 2.58 points at Rs.246.40 and Sterlite Inds, up 2.46 percent
at Rs.108.30.
The only two Sensex losers were Wipro, down 0.36 percent at Rs.384.50 and NTPC, down 0.03 percent at Rs.159.75.
In
the Asian region, the Japan's Nikkei closed 0.44 percent down, Hong
Kong's Hang Seng closed 0.16 percent down and China's Composite index
closed 0.29 percent down.
At closing bell here, European markets
were trading in the green. France's CAC was up 1.34 percent and so were
Germany's DAX, up 1.41 percent, Britain's FTSE 100, up 0.94 percent.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
55.30
|
54.35 |
UK Pound
|
84.50
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82.50 |
Euro
|
71.80
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70.00 |
| Japanese
Yen |
54.40 |
53.00 |
| As on 25 May, 2013 |
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