Sensex rises 178 points rupee falls again


(MENAFN- Gulf Times) A benchmark index of Indian equities markets yesterday closed 178.35 points or 0.63% up as capital goods stocks gained.

Good buying was observed in capital goods, banking, healthcare, metal and auto sectors.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,450.26 points, closed at 28,533.97 points, up 178.35 points or 0.63% from the previous day's close at 28,355.62 points.

The Sensex touched a high of 28,618.91 points and a low of 28,424.39 points in the intra-day trade.

The S&P BSE capital goods index gained 322.85 points, bankex moved up by 225.47 points, healthcare index got augmented by 189.75 points, metal index went up by 168.67 points and auto index rose by 152.22 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed trade 61.85 points or 0.72% up at 8,627.40 points.

The major Sensex gainers were: Axis Bank, up 2.87% at Rs569.60; Larsen & Toubro, up 2.57% at Rs1,614.20; Maruti, up 2.10% at Rs3,463.95; Tata Steel, up 2.08% at Rs365.10; Reliance Industries, up 2.07% at Rs900.95; and NTPC, up 1.97% at Rs139.90.

Meanwhile, the rupee fell for the third consecutive session yesterday against the American currency, slipping by six paise to close at fresh one-month low of 62.25 on persistent dollar demand from banks and importers.

Talk of persistent foreign capital outflows also affected the market sentiment, said brokers, adding that the rupee weakened amid strength in the dollar in global markets.

The Indian currency resumed sharply lower at 62.26 as against Tuesday's close of 62.19 at the Interbank Foreign Exchange (Forex) market.


Gulf Times

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