Sensex closes 1.39 percent up; bank, oil and gas stocks gain
Mumbai, March 8 : The Sensex, a benchmark index for Indian equities markets, closed Friday's trade at 1.39 percent up, which is its highest level since the last one month.
Bank, oil and gas and metal stocks were the major gainers in the day's trade. However, information technology (IT) and media, entertainment and technology (TECk) scrips declined.
The 30-scrip Sensex of the Bombay Stock Exchange (BSE), which opened at 19,478.67 points, closed at 19,683.23 points, up 269.69 points or 1.39 percent from its previous close at 19,413.54 points.
The Sensex touched an intra-day high of 19,706.03 points and a low of 19,477.61 points. The midcap index closed 46.55 points up, while the smallcap index was 42.93 points higher.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) closed higher by 82.40 points or 1.41 percent at 5,945.70 points.
The BSE bank index was up 236.46 points, followed by the oil and gas index, which was trading higher by 176.77 points and the metal index, up 164.23 points.
The BSE IT index was down 48.62 points and the TECk index was trading 14.53 points lower.
Twenty five out of 30 Sensex companies were gainers, including Jindal Steel, up 5.73 percent at Rs.367.25; HDFC, up 4.04 percent at Rs.813.25; Gail India, up 2.91 percent at Rs.341.60; HDFC Bank, up 2.44 percent at Rs.657; and Tata Steel, up 2.36 percent at Rs.358.50.
The major losers included Maruti Suzuki, down 1.64 percent at Rs.1,427.70; Infosys, down 1.15 percent at Rs.2,970.20; Wipro, down 0.91 percent at Rs.445.05; Tata Motors, down 0.72 percent at Rs.303.75; and Tata Consultancy Services (TCS), down 0.40 percent at Rs.1,584.15.
Among other Asian markets, Japan's Nikkei closed 2.64 percent higher and Hong Kong's Hang Seng ended 1.41 percent up. China's Shanghai Composite Index, however, closed 0.24 percent lower.
In Europe, Britain's FTSE 100 was up 0.40 percent, and the German DAX was trading 0.63 percent higher. The French CAC 40, too, was up 0.95 percent.