<p>A benchmark index of Indian equities markets closed in the positive Monday, recovering from the five-month lows, after the Reserve Bank of India indicated rate cuts to boost growth. <br /><br /></p>.<p>The 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) closed 0.15 percent or 23.24 points higher at 15,988.40 points, after hitting a five-month low of 15,748.98 points in the intra-day. <br />The Sensex, which opened in the red at 15,808.88 points, briefly surpassed the 16,000-point mark and touched a high of 16,012.84 points in the intra-day. <br /><br />The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.14 percent higher at 4,848.15 points after touching a low of 4,771 points in the intra-day. <br /><br />The markets recovered in the afternoon session after RBI deputy governor Subir Gokarn said that the central bank has some room to cut policy rates. <br /><br />Gokarn said the decline in crude oil prices in the international markets and moderating core inflation coupled with slowdown in economic growth would give some room for easing monetary policy. <br /><br />Following the statement, there was good buying support in interest rate-sensitive realty, capital goods, banking and auto stocks. <br /><br />The BSE capital goods index advanced 2.08 percent, the realty index rose 1.35 percent, banking index rose 1.10 percent and auto index closed 0.78 percent higher. <br />Prominent Sensex gainers included: L&T, up 3.43 percent at Rs.1,173.40; ONGC, up 3.19 percent at Rs.254.15; DLF, up 1.97 percent at Rs.186; Tata Motors, up 1.89 percent at Rs.228.75; and RIL, up 1.31 percent at Rs.692.65. <br /><br />Gail India, down 3.47 percent at Rs.319.50; Jindal Steel, down 2.72 percent at Rs.417.40; Tata Power, down 2.49 percent at Rs.90.15; and Bharti Airtel, down 2.31 percent at Rs.294, were among the major losers at the 30-scrip Sensex. </p>
<p>A benchmark index of Indian equities markets closed in the positive Monday, recovering from the five-month lows, after the Reserve Bank of India indicated rate cuts to boost growth. <br /><br /></p>.<p>The 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) closed 0.15 percent or 23.24 points higher at 15,988.40 points, after hitting a five-month low of 15,748.98 points in the intra-day. <br />The Sensex, which opened in the red at 15,808.88 points, briefly surpassed the 16,000-point mark and touched a high of 16,012.84 points in the intra-day. <br /><br />The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 0.14 percent higher at 4,848.15 points after touching a low of 4,771 points in the intra-day. <br /><br />The markets recovered in the afternoon session after RBI deputy governor Subir Gokarn said that the central bank has some room to cut policy rates. <br /><br />Gokarn said the decline in crude oil prices in the international markets and moderating core inflation coupled with slowdown in economic growth would give some room for easing monetary policy. <br /><br />Following the statement, there was good buying support in interest rate-sensitive realty, capital goods, banking and auto stocks. <br /><br />The BSE capital goods index advanced 2.08 percent, the realty index rose 1.35 percent, banking index rose 1.10 percent and auto index closed 0.78 percent higher. <br />Prominent Sensex gainers included: L&T, up 3.43 percent at Rs.1,173.40; ONGC, up 3.19 percent at Rs.254.15; DLF, up 1.97 percent at Rs.186; Tata Motors, up 1.89 percent at Rs.228.75; and RIL, up 1.31 percent at Rs.692.65. <br /><br />Gail India, down 3.47 percent at Rs.319.50; Jindal Steel, down 2.72 percent at Rs.417.40; Tata Power, down 2.49 percent at Rs.90.15; and Bharti Airtel, down 2.31 percent at Rs.294, were among the major losers at the 30-scrip Sensex. </p>
