BSE Sensex gains 383 points on cooling of global crude prices
The prime index of the Bombay Stock Exchange surged 2.63 percent on Tuesday as decline in global crude prices boosted market sentiments.
The 30-share benchmark index, the Sensex, rose 383.20 points to close at 14,961.07 with 26 components ending higher. The index touched a high of 14,986.63 and a low of 14,529.21 during intraday trade.
The prime index, which hit a record high of 21,206.77 on Jan. 10, is still down about 25.7 percent this year, and continues to be one of the worst performers in Asia.
The biggest gainer of the day was ICICI Bank, which surged 8.24 percent to close at Rs.693.30.
Close behind was real estate giant DLF and auto major Maruti Suzuki, which soared 7.66 percent and 7.38 percent to close at Rs.553.15 and Rs.614.40 respectively.
Financial stocks HDFC Bank, State Bank of India (SBI) and Housing Development Finance Corporation jumped 6.83 percent, 4.62 percent and 3.89 percent to close at Rs.1184.35, Rs.1578.80 and Rs.2465.20 respectively.
India's largest power equipment maker BHEL climbed 3.28 percent on news that the company has bagged Rs.2500 crore order from Andhra Pradesh Power Development Company for manufacture and supply of supercritical boilers.
Auto majors Mahindra & Mahindra and Tata Motors advanced 5.46 percent and 3.23 percent to close at Rs.548 and Rs.409.05 respectively.
Tech majors Wipro and Tata Consultancy Services added 3.90 percent and 1.78 percent to close at Rs.447.60 and Rs.830.85 respectively.
Cement majors Grasim Industries and ACC moved up 6.56 percent and 5.18 percent to close at Rs.2018.60 and Rs.616.15 respectively.
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