Sensex gains 186 points

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Metal, PSUs, bank, capital goods and realty sectors in favour

MUMBAI: The Bombay Stock Exchange sensitive index, Sensex, rose for the second day in a row. It gained over 180 points and closed at 14296.01 on Thursday against 14109.64 on Wednesday.

L&T advanced by 2.32 per cent after the company announced its fourth-quarter results.

The National Stock Exchange’s 50-share Nifty also improved by 61 points and closed at 4337.10.

Ranbaxy gained 4.24 per cent, Sterlite Industries 3.59 per cent, Bharti Airtel 3.42 per cent, NTPC 2.80 per cent, Tata Steel 2.77 per cent, ICICI Bank 2.67 per cent, Maruti Suzuki 2.54 per cent, TCS 2.29 per cent and Mahindra & Mahindra 2.16 per cent. Tata Motors, however, fell by 3.17 per cent, Grasim by 2.8 per cent, Wipro by 2.68 per cent, Reliance Communication by 2.22 per cent and Reliance Infra by 1.34 per cent.

Shares of metal companies, public sector undertakings, banks, capital goods and realty were in the forefront, having scored impressive gains. The healthcare, IT and FMCG sectors, however, came under pressure and showed minor losses.

Rupee strengthens

After starting weak, the rupee ended stronger by 10 paise and closed at 47.60/62 against the dollar on Thursday, buoyed by firm equity markets amid sustained capital inflows. It closed at 47.70/72 on Wednesday.

Initially, the rupee hit a low of 48.12 immediately after trading resumed on heavy dollar demand from oil refiners and importers.

In active trading at the interbank foreign exchange market, the rupee moved widely in a range of 48.12 and 47.59 intra-day after resuming weaker at 48.05/06 a dollar. Meanwhile, the Reserve Bank of India fixed the reference rate for the dollar at Rs. 47.83. — PTI



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