Active buying in realty, automobile counters
The Bombay Stock Exchange sensitive index, Sensex, gained 72 points on Wednesday and closed at 18584.96 against 18512.77 on Tuesday on buying in realty and auto counters. Investors found some solace in the government move to postpone a meet to hike fuel prices and firm global cues. Hero Honda, Tata Motors, DLF, State Bank of India, Tata Steel and Infosys recorded smart gains. The benchmark index opened higher at 18572.61, after closing on a flat note in the last two sessions. It moved between 18622.44 and 18454.93 and ended at 18584.96.
Markets in Indonesia, Japan, Singapore and South Korea rose between 0.46 per cent and 1.28 per cent, while indices in China, Hong Kong and Taiwan fell about 0.03 per cent to 0.23 per cent. European markets were trading higher in view of gains in the U.S. stocks for the third day. Indices in Germany, France and London moved up by 0.31 per cent to 0.74 per cent.
Rupee edges up
The rupee rose by 5 paise against the dollar on Wednesday and closed at 44.69/70 on fresh selling of dollars by banks on weak global cues, amid a firm trend in equity market. The rupee resumed higher at 44.65/66 against Tuesday's closing level of 44.74/75 and edged up further to 44.64 before closing at 44.69/70. It moved in a range between 44.64 and 44.72 intra-day. — PTI