Sensex closes 112 points higher

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SME Times News Bureau | 15 May, 2012
The Bombay Stock Exchange (BSE) Tuesday closed 112.41 points higher led by capital goods, metal and IT stocks after higher trends in European markets.

The 30-share Sensex, which had lost nearly 700 points in last five sessions, gained 112.41 points, or 0.69 per cent to 16,328.25 after touching the day's high of 16,370.12.

BSE-Capital Goods ended the session with over 3 per cent gains while BSE-IT settled 1.6 per cent higher.

L&T with over 5.4 per cent gains was the biggest gainer among Sensex pack after the company announced attractive quarter earnings and said its order inflow would grow faster.

Banking and financial stocks were also in limelight.

The broad-based National Stock Exchange index rose by 35 points, or 0.71 per cent to 4,942.80.

Higher opening in European stock markets further influenced the local trading sentiment.