BSE Sensex adds 112 points as oil slides
The Bombay Stock Exchange (BSE) Sensex rose 0.75 percent on Wednesday as news of cooling down of global crude prices and firmer US economy boosted market sentiment.
The 30-share sensitivity index added 112.47 points to close at 15,073.54 with 20 components ending higher. After opening at 15,263.65, the index touched an intraday high of 15,422.82 and a low of 15,035.60.
The prime index, which hit a record high of 21,206.77 on Jan. 10, is still down about 24.9 percent this year, and continues to be one of the worst performers in Asia.
The biggest gainer on Wednesday was market leader in automobile industry, Maruti Suzuki, which surged 6.25 percent to close at Rs.652.80.
Close at its heels was rival Tata Motors, which rose 4.31 percent to close at Rs.426.70.
SUV major Mahindra & Mahindra raced 2.55 percent up to close at Rs.562.
Telecom majors Bharti Airtel and Reliance Communications advanced 3.59 percent and 0.96 percent to close at rs.869.70 and Rs.446.50 respectively.
Financial stocks HDFC Bank and ICICI Bank climbed 2.74 percent and 1.95 percent to close at Rs.1216.80 and Rs.706.80 respectively.
Tech majors Tata Consultancy Services (TCS), Satyam Computer Services, Wipro and Infosys Technologies jumped 3.32 percent, 1.94 percent, 1.31 percent and 1.28 percent to close at Rs.858.45, Rs.407.40, Rs.453.45, and Rs.1698.90 respectively.
Cement makers ACC and Grasim Industries edged up 3.48 percent and 0.99 percent to close at Rs.637.60 and Rs.2038.60 respectively.
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