Financial stocks help BSE Sensex surge 524 points
The prime index of the Bombay Stock Exchange (BSE) surged 3.99 percent on Friday to end in the green for the second time in a row this week, led by financial stocks as slower-than-expected inflation growth brought cheer to investors.
BSE Sensex falls marginally ahead of national budgetThe 30-share benchmark index added 523.55 points to close at 13,635.40 with 23 components gaining, after touching a high of 13,684.27 and a low of 13,093.34 during intraday trade.
After falling for seven consecutive weeks, the Sensex for the first time ended in the green for the week, rising 1.2 percent.
However, the index, which hit a record high of 21,206.77 on Jan. 10, is still down about 31 percent this year.
The day;s biggest gainer was ICICI Bank, which surged 12.05 percent to close at Rs.617.60.
Close on its heels was Housing Development Finance Corporation (HDFC), which jumped 9.47 percent to close at Rs.2067.55.
HDFC Bank and State Bank of India (SBI) advanced 7.87 percent and 5.92 percent to close at Rs.1033.55 and Rs.1299.70 respectively.
Civil engineering major and flagship company of the Jaypee Group, Jaiprakash Associates gained 7.72 percent to close at Rs.160.55.
Telecom majors Bharti Airtel and Reliance Communications climbed 7.10 percent and 4.14 percent to close at Rs.802 and Rs.435.20 respectively.
Auto majors Maruti Suzuki and Tata Motors ended up 4.01 percent and 2.10 percent at Rs.623.75 and Rs.420.20 respectively.
- 1 Infosys promises "paradigm shift in in-store shopping experience" through ShoppingTrip360
- 2 Russian beauty on top of the world
- 3 Hospital: Egyptian woman gives birth to septuplets
- 4 Tata Steel enters JV with Vietnamese cos. to set up $5 billion steel plant
- 5 Oberoi Group charts aggressive expansion plan, breaks up with Hilton, seeks tie-ups with real estate cos.
- 6 Diving diva of China won the gold medal in 3m spring board
- 7 Reliance Retail to bring Hamleys magic to India
- 1 "No, Thank you," India's Mahindra & Mahindra tells GM's Hummer
- 2 STAR Group, Balaji Telefilms announce split
- 3 US Exim Bank to increase Indian infrastructure portfolio, enters pacts with ICICI Bank, others
- 4 Volkswagen Beetle set to scorch Indian roads from 2009
- 5 Oberoi Group charts aggressive expansion plan, breaks up with Hilton, seeks tie-ups with real estate cos.
- 6 Infosys promises "paradigm shift in in-store shopping experience" through ShoppingTrip360
- 7 Jindal Steel to invest nearly Rs.40,000 crore in Chhattisgarh, Orissa steel plants
- 1 BSE Sensex continues downslide, slips 102 points on global economic concerns
- 2 BSE Sensex slips 79 points on inflation concerns
- 3 India's inflation rate spikes to 12.44 percent; pay hike approval heightens concerns
- 4 BSE Sensex slips 369 points on inflation concerns
- 5 BSE Sensex slips 119 points on inflation, economic growth concerns
- 6 India's IIP data grim, indicates economic slowdown
- 7 BSE Sensex snaps 5-day gain, slips 292 points
|
|
