The Bombay Stock Exchange (BSE) 30-share Sensitive index (Sensex) hit a six-month high on Wednesday to close above the 18000-mark on global cues. This is the highest since February 23. The Sensex closed at 18000.03, up 147.08 points, led by metal stocks, which were up by 2.14 per cent, followed by automobile (1.26 per cent) and capital goods (1.20 per cent). Power and healthcare stocks ended in the negative territory.
BSE-100 gained 0.67 per cent, BSE 200 0.62 per cent and BSE 500 0.60 per cent.
On the National Stock Exchange, a broader 50-share Nifty closed up by 41 points at 5431.
No doubt, the Index of Industrial Production numbers were slightly lower than expectations. But Germany’s Constitutional Court ruling that the country could ratify the eurozone’s new rescue fund helped to enthuse the domestic markets. Market men are hopeful that the government would move towards reforms in more sectors.
Rupee gains 13 paise
The rupee gained by 13 paise on Wednesday to close at 55.21 due to selling in dollars by banks.
