IANS/Reuters
Mumbai
After losing 0.71% in the last weekly trade session, a benchmark index of Indian equities markets yesterday provisionally closed the day’s trade 321.32 points or 1.23% up as automobile, banks, capital goods, oil and gas and metal stocks gained.
However, heavy selling was sustained in information technology (IT) and technology, media and entertainment (TECK) sectors.
The 30-scrip Sensitive Index (Sensex) of the S&P Mumbai Stock Exchange (BSE), which opened at 26,434.16 points, closed the day’s trade at 26,429.85 points, up 321.32 points or 1.23% from the previous day’s close at 26,108.53 points. The Sensex touched a high of 26,517.90 points and a low of 26,368.94 points in the intra-trade.
The S&P automobile index gained 369.44 points, bank index went up by 324.17 points, capital goods index moved up by 304.14 points, oil and gas index rose by 204.83 points, and metal index was higher by 170.21 points.
Meanwhile, the rupee gained for a second consecutive session yesterday after the ruling party’s success in two state elections and the government’s removal of diesel subsidies and a hike in natural gas prices sparked hopes for additional reforms. The partially convertible rupee closed at 61.36/37 per dollar compared with 61.44/45 on Friday.
The rupee was also helped after Indian shares rose more than 1% yesterday to mark their biggest daily gain in more than one week.