Sensex back in green, up 240 points

Sensex back in green, up 240 points

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,255.42 points, closed at 16,454.45 points, up 240.26 points or 1.48 per cent.

The index after six consecutive winning sessions had ended 50 points lower Monday. The Nifty of the National Stock Exchange (NSE) also ended in the positive terrain at 4,892.1 points, up 1.74 per cent.

Broader market indices also made gains, with the BSE midcap index ending 1.48 per cent higher and the BSE smallcap index up 1.33 per cent. The market breadth was positive, with 1801 stocks advancing, 994 declining and 78 remaining unchanged.

Among the gainers were DLF, up 5.2 per cent; Hero Honda, up 3.47 per cent, Sterlite Industries, up 3.34 per cent Hindalco, up 3.3 per cent; and Jaiprakash Associates, up 2.92 per cent. The top losers are ONGC, down 0.93 per cent; Bharti Airtel, down 0.80 per cent; and Hindustan Unilever, down 0.31 per cent.

According to data with the regulator, the Securities and Exchange Board of India (SEBI), foreign institutional investors Tuesday bought shares worth $53.8 million. Other important Asian markets were trading mixed. The Nikkei, a key index of the Tokyo Stock Exchange, closed 15.56 points higher at 10,217.62 points. At the Shanghai Stock Exchange, the benchmark SSE Composite was ruling 0.03  per cent higher at 2385.33 points.

However, the primary index of the Hong Kong Stock Exchange, Hang Seng, was in the red at 20866.37 points, down 65.83 points or 0.31 per cent. Major European markets were ruling in the negative terrain.

In Britain, the FTSE 100 index was ruling 0.38 per cent higher at 5,037.93 points, while its French peer, the CAC 40, was up 0.23 per cent at 3,739.17 points. Germany's DAX, however, was ruling in the negative at 5,614.5  points, down 0.10 per cent.